|                                |  |                       |  |  |  |  |  |  |
|--------------------------------|--|-----------------------|--|--|--|--|--|--|
| COMPANY                        |  | STATE OF ORGANIZATION |
| TRB No. 1 Corp.           |  | New York              |
| TRB 69th Street Corp.     |  | New York              |
| TRB Yonkers Corp.              |  | New York              |
| TRB Lawrence Realty Corp.      |  | New York              |
| TRB Apopka LLC            |  | Florida               |
| TRB Daytona LLC           |  | Florida               |
| TRB Newark Assemblage LLC |  | New Jersey            |
| TRB Newark TRS LLC        |  | New Jersey            |
| TRB Union Palm LLC        |  | Delaware              |
| TRB Lawrenceville LLC     |  | Delaware              |
| TRB Melbourne LLC         |  | Delaware              |
| TRB Silvana LLC           |  | Delaware              |
| TRB Avondale LLC          |  | Delaware              |
| TRB Spring Valley LLC     |  | Delaware              |
| TRB Columbus LLC          |  | Delaware              |
| TRB Houston Galleria LLC  |  | Delaware              |
| TRB Arlington LLC         |  | Delaware              |
| TRB South Ridge LLC       |  | Delaware              |
| TRB Waterside LLC         |  | Delaware              |
| TRB Triple Play LLC       |  | Delaware              |
| TRB Sandtown LLC          |  | Delaware              |
| TRB Kendall Manor LLC     |  | Delaware              |
| TRB Avalon LLC            |  | Delaware              |
| Avalon 276 LLC            |  | Delaware              |
| TRB Avondale LLC          |  | Delaware              |
| TRB Avondale Investor LLC |  | Delaware              |
| TRB Holdings LLC               |  | Delaware              |
| TRB Venues LLC                 |  | Delaware              |
| TRB Cedar Lakes LLC            |  | Delaware              |
| TRB Factory LLC                |  | Delaware              |
| TRB Parkway Grande LLC         |  | Delaware              |
| TRB Woodlands LLC              |  | Delaware              |
| Woodlands 236 LLC              |  | Delaware              |
| TRB Cinco Ranch LLC            |  | Delaware              |
| TRB River Place LLC            |  | Delaware              |
| TRB Civic Center  LLC          |  | Delaware              |
| TRB Shavano LLC                |  | Delaware              |
| TRB Chatham LLC                |  | Delaware              |
| TRB Waters Edge LLC            |  | Delaware              |
| TRB Lenox Park LLC             |  | Delaware              |
| TRB Alamo LLC                  |  | Delaware              |
| TRB Kilburn LLC                |  | Delaware              |
| TRB Canalside SOLA LLC         |  | Delaware              |
| TRB Canalside Lofts LLC        |  | Delaware              |
| TRB OPOP LLC                   |  | Delaware              |
| TRB VH LLC                     |  | Delaware              |
| TRB Bells Bluff LLC            |  | Delaware              |
| TRB Mercer LLC                 |  | Delaware              |
| TRB Magnolia Pointe LLC        |  | Delaware              |
| TRB Jackson Square LLC         |  | Delaware              |

----

|                             |  |          |  |  |  |  |  |  |
|-----------------------------|--|----------|--|--|--|--|--|--|
| TRB Gateway LLC             |  | Delaware |
| TRB Boerne LLC              |  | Delaware |
| TRB Orlando and Atlanta LLC |  | Delaware |
| TRB Anatole LLC             |  | Delaware |
| TRB Landings LLC            |  | Delaware |
| TRB Integra LLC             |  | Delaware |
| TRB Crestmont LLC           |  | Delaware |
| TRB Trussville LLC          |  | Delaware |
| TRB Lakeside LLC            |  | Delaware |