| Exhibit      21.1 Subsidiaries of Registrant      |   |                    |
|---------------------------------------------------|--------|-------------------------|
|                                              |   |                    |
| Property      Name                                |   | State      Organization |
| Lightstone      Value Plus REIT, LP               |   | Delaware                |
| LVP      Gulf Coast Industrial Portfolio          |   | Delaware                |
| LVP      120 Mallard LLC                          |   | Delaware                |
| LVP      100 James LLC                            |   | Delaware                |
| LVP      150 Canvasback LLC                       |   | Delaware                |
| LVP      107 Mallard LLC                          |   | Delaware                |
| LVP      143 Mallard LLC                          |   | Delaware                |
| LVP      150 Teal LLC                             |   | Delaware                |
| LVP      520 Elmwood Park LLC                     |   | Delaware                |
| LVP      11301 Industriplex                       |   | Delaware                |
| LVP      1141 Industriplex LLC                    |   | Delaware                |
| LVP      6565 Exchequer LLC                       |   | Delaware                |
| LVP      7042 Alamos Downs LLC                    |   | Delaware                |
| Light      5405 Bandera LLC                       |   | Delaware                |
| Light      1700 Grandstand LLC                    |   | Delaware                |
| LVP      7402 Reindeer LLC                        |   | Delaware                |
| Lake      Jackson Crossing Limited Partnership    |   | Texas                   |
| Whitfield      Sarasota LLC                       |   | Delaware                |
| TLG      Hotel Acquisitions, LLC                  |   | Delaware                |
| ESD      # 5050 Houston – Katy Freeway, LLC |   | Delaware                |
| ESD      # 5051 Houston – Sugar Land, LLC   |   | Delaware                |
| LVP      Acquisitions Corp                        |   | Delaware                |
| LVP      Tampa Isles LLC                          |   | Delaware                |
| LVP      Timber Creek LLC                         |   | Delaware                |
| LVP      Eastchase LLC                            |   | Delaware                |
| LVP      Wendover LLC                             |   | Delaware                |
| LVP      Glen LLC                                 |   | Delaware                |
| LVP      Mallard Parking LLC                      |   | Delaware                |
| LVP      Oakview Strip Center LLC                 |   | Delaware                |
| LVP      Oakview Strip Center II LLC              |   | Delaware                |
| LVP      Camden Multi Family Portoflio, LLC       |   | Delaware                |
| Carriage      Hill MI LLC                         |   | Delaware                |
| Carriage      Park MI LLC                         |   | Delaware                |
| MaComb      Manor MI LLC                          |   | Delaware                |
| Scotsdale      MI LLC                             |   | Delaware                |
| LVP      Michigan MultiFamily Portfolio           |   | Delaware                |
| LVP      St. Augustine Outlets LLC                |   | Delaware                |
| PRO      DFJV Holdings, LLC                       |   | Delaware                |
| 1407      Broadway Mezz II LLC*                   |   | Delaware                |
| Mill      Run LLC*                                |   | New      Jersey         |
| Prime      Oulet Acqusitions Corp*                |   | Delaware                |

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