| Entity                                   | State      of Incorporationor      Formation |
|------------------------------------------|----------------------------------------------|
| Caplease,      LP                        | Delaware                                     |
| CLF      OP General Partner LLC          | Delaware                                     |
| Caplease      Services Corp.             | Delaware                                     |
| CLF      Ridley Park Business Trust      | Virginia                                     |
| CLF      VA Ponce LLC                    | Delaware                                     |
| CLF      1000 Milwaukee Avenue LLC       | Delaware                                     |
| CLF      555 N Daniels Way LLC           | Delaware                                     |
| CLF      Bobs Randolph LLC               | Delaware                                     |
| KDC      Busch Boulevard LLC             | Delaware                                     |
| Columbia      Pike I, LLC                | Delaware                                     |
| CLF      Parsippany LLC                  | Delaware                                     |
| Caplease      Credit LLC                 | Delaware                                     |
| EVA      LLC                             | Delaware                                     |
| CapLease      Investment Management, LLC | Delaware                                     |
| Caplease      CDO 2005-1, Ltd.           | Cayman      Islands                          |
| Caplease      CDO 2005-1 Corp.           | Delaware                                     |
| WG      Investors New Jersey Trust       | Delaware                                     |
| CA      Portsmouth Investment Trust      | Delaware                                     |
| CLF      Herndon LLC                     | Delaware                                     |
| CLF      Aliso Viejo Business Trust      | Virginia                                     |
| CLF      Rapp Irving LP                  | Delaware                                     |
| CLF      Rapp Irving GP LLC              | Delaware                                     |
| CLF      Tollway Plano LP                | Delaware                                     |
| CLF      Tollway Plano GP LLC            | Delaware                                     |
| CLF      DEA Birmingham LLC              | Delaware                                     |
| CLF      FBI Birmingham LLC              | Delaware                                     |
| CLF      EPA Kansas City LLC             | Delaware                                     |
| CLF      OSHA Sandy LLC                  | Delaware                                     |
| CLF      SSA Austin LP                   | Delaware                                     |
| CLF      SSA Austin GP LLC               | Delaware                                     |
| KDC      Norman Woods Business Trust     | Virginia                                     |
| CLF      6116 GP LLC                     | Delaware                                     |

----

| Entity                                          | State      of Incorporationor      Formation |
|------------------------------------------------------|----------------------------------------------|
| Capital      Property Associates Limited Partnership | Maryland                                     |
| CLF      Sylvan Way LLC                              | Delaware                                     |
| CLF      EPA Member LLC                              | Delaware                                     |
| CLF      OSHA Member LLC                             | Delaware                                     |
| CLF      Mercer Island LLC                           | Delaware                                     |
| CLF      Electric Road Roanoke LLC                   | Delaware                                     |
| CLF      McCullough Drive Charlotte LLC              | Delaware                                     |
| Caplease      Statutory Trust I                      | Delaware                                     |
| CLF      Red Lion Road Philadelphia Business Trust   | Virginia                                     |
| CLF      South Monaco Denver LLC                     | Delaware                                     |
| CLF      Greenway Drive Lawrence LLC                 | Delaware                                     |
| CLF      Noria Road Lawrence LLC                     | Delaware                                     |
| CLF      New Falls Business Trust                    | Virginia                                     |
| Caplease      Debt Funding, LP                       | Delaware                                     |
| CLF      TW Milwaukee LLC                            | Delaware                                     |
| CLF      Wyomissing Business Trust                   | Virginia                                     |
| CLF      FBI Albany LLC                              | Delaware                                     |
| CLF      Fresno Business Trust                       | Virginia                                     |
| CLF      Grassmere Nashville LLC                     | Delaware                                     |
| CLF      Arlington LP                                | Delaware                                     |
| CLF      Arlington GP LLC                            | Delaware                                     |
| CLF      JCI Florida LLC                             | Delaware                                     |
| CLF      Simi Valley Business Trust                  | Virginia                                     |
| CLF      Galena Simi Business Trust                  | Virginia                                     |
| CLF      Yolo County Business Trust                  | Virginia                                     |
| CLF      Fort Worth LP                               | Delaware                                     |
| CLF      Forth Worth GP LLC                          | Delaware                                     |
| CLF      Holding Company, LLC                        | Delaware                                     |
| CLF      Real Estate LLC                             | Delaware                                     |
| Walters      Connecticut Venture Trust               | N.A.                                         |
| PREFCO      II GP LLC                                | Delaware                                     |
| PREFCO      II Limited Partnership                   | Connecticut                                  |

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| Entity                                           | State      of Incorporationor      Formation |
|--------------------------------------------------|----------------------------------------------|
| PREFCO      Dix-Neuf LLC                         | Connecticut                                  |
| PREFCO      Nineteen Limited Partnership         | Connecticut                                  |
| CLF      Landmark Omaha LLC                      | Delaware                                     |
| CLF      Dodge Omaha LLC                         | Delaware                                     |
| CLF      Fort Wayne LLC                          | Delaware                                     |
| CLF      Lathrop Business Trust                  | Virginia                                     |
| CLF      Breinigsville Holding Company LLC       | Delaware                                     |
| PREFCO      Fifteen GP LLC                       | Connecticut                                  |
| PREFCO      Fifteen Holdings Limited Partnership | Connecticut                                  |
| PREFCO      Quinze LLC                           | Connecticut                                  |
| CLF      Breinigsville Business Trust            | Virginia                                     |
| CapLease      2007-STL LLC                       | Delaware                                     |
| CLF      Cane Run Louisville, LLC                | Delaware                                     |
| CLF      Cooper Franklin LLC                     | Delaware                                     |

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