**Exhibit      21.1**

**List      of Subsidiaries**

| 1.   | Essex              Portfolio, L.P., a California limited              partnership |
|----------------|-----------------------------------------------------------------------------------|

| 2.   | Essex              Management Corporation, a California              corporation |
|----------------|----------------------------------------------------------------------------------|

| 3.   | Essex-Palisades              Facilitator, a California limited              partnership |
|----------------|-----------------------------------------------------------------------------------------|

| 4.   | Essex              Sunpointe Limited, a California limited              partnership |
|----------------|-------------------------------------------------------------------------------------|

| 5.   | Essex              Washington Interest Partners, a California general              partnership |
|----------------|------------------------------------------------------------------------------------------------|

| 6.   | Essex              San Ramon Partners L.P., a California limited partnership |
|----------------|------------------------------------------------------------------------------|

| 7.   | Essex              Bristol Partners, L.P., a California limited partnership |
|----------------|-----------------------------------------------------------------------------|

| 8.   | Essex              Fidelity I Corporation, a California              corporation |
|----------------|----------------------------------------------------------------------------------|

| 9.   | Essex              Camarillo Corporation, a California              corporation |
|----------------|---------------------------------------------------------------------------------|

| 10.   | Essex              Camarillo L.P., a California limited partnership |
|-----------------|---------------------------------------------------------------------|

| 11.   | Essex              Meadowood Corporation, a California              corporation |
|-----------------|---------------------------------------------------------------------------------|

| 12.   | Essex              Meadowood, L.P., a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------|

| 13.   | Essex              Bunker Hill Corporation, a California              corporation |
|-----------------|-----------------------------------------------------------------------------------|

| 14.   | Essex              Bunker Hill, L.P., a California limited partnership |
|-----------------|------------------------------------------------------------------------|

| 15.   | Essex              Treetops Corporation, a California              corporation |
|-----------------|--------------------------------------------------------------------------------|

| 16.   | Essex              Treetops, L.P., a California limited partnership |
|-----------------|---------------------------------------------------------------------|

| 17.   | Essex              Bluffs, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------|

| 18.   | Essex              Huntington Breakers, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------------|

| 19.   | Essex              Stonehedge Village, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 20.   | Essex              Bridle Trails, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------|

| 21.   | Essex              Spring Lake, L.P., a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------|

| 22.   | Essex              Maple Leaf, L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------|

| 23.   | Fountain              Court Apartment Associates, L.P., a Washington limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------------------|

| 24.   | Essex              Fountain Court, LLC, a Washington limited liability              company |
|-----------------|---------------------------------------------------------------------------------------------|

| 25.   | Essex              Inglenook Court, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------------------|

| 26.   | Essex              Wandering Creek, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------------------|

| 27.   | Essex              Columbus, LLC, a Delaware limited liability              company |
|-----------------|-------------------------------------------------------------------------------------|

| 28.   | Essex              Lorraine, LLC, a Delaware limited liability              company |
|-----------------|-------------------------------------------------------------------------------------|

| 29.   | Essex              Glenbrook, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------------|

| 30.   | Essex              Euclid, LLC, a Delaware limited liability              company |
|-----------------|-----------------------------------------------------------------------------------|

| 31.   | Essex              Lorraine, Inc., a California corporation |
|-----------------|-------------------------------------------------------------|

| 32.   | Essex              Columbus, Inc., a California corporation |
|-----------------|-------------------------------------------------------------|

| 33.   | Richmond              Essex L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------|

| 34.   | Essex              Chesapeake L.P., a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------|

| 35.   | Essex              Los Angeles L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------|

| 36.   | Essex              Woodland Apartments L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 37.   | Essex              The Crest L.P., a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------|

| 38.   | Essex              VFGP L.P., a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------|

| 39.   | Essex              VFGP Corporation, a Delaware corporation |
|-----------------|-------------------------------------------------------------|

| 40.   | Essex              Anaheim, LLC, a Delaware limited liability              company |
|-----------------|------------------------------------------------------------------------------------|

| 41.   | Jackson              School Village, L.P. a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 42.   | Mount              Sutro Terrace Associates, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------------|

| 43.   | Essex              El Encanto Apartments, L.P., a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------------|

| 44.   | Essex              Hunt Club Apartment, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------------|

| 45.   | Essex              Rosebeach Apartments, L.P., a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------|

| 46.   | Essex              Andover Park Apartments, L.P., a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------------|

| 47.   | Essex              Carlyle, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------|

| 48.   | Essex              Kelvin Apartments, L.P., a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 49.   | Essex              Rivermark Apartments, L.P., a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------|

| 50.   | Essex              Arboretum Apartments, L.P., a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------|

| 51.   | Essex              Ocean Villa Apartments, L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------------------|

| 52.   | Essex              Carlsbad Apartments, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------------|

| 53.   | Essex              Apartment Value Fund L.P., a Delaware limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 54.   | Essex              Internet Realty Partners, G.P., a California general              partnership |
|-----------------|--------------------------------------------------------------------------------------------------|

| 55.   | ESG              Property I LLC, a Delaware limited liability              company |
|-----------------|------------------------------------------------------------------------------------|

| 56.   | Lineberry              Sammamish, LLC, a Washington limited liability              company |
|-----------------|--------------------------------------------------------------------------------------------|

| 57.   | Essex              Carlyle, LLC, a Delaware limited liability              company |
|-----------------|------------------------------------------------------------------------------------|

| 58.   | Essex              Wimbledon Woods Apartments, LLC, a Delaware limited liability company |
|-----------------|------------------------------------------------------------------------------------------|

| 59.   | Essex              Cochran, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------|

| 60.   | Essex              Cochran, LLC, a Delaware limited liability              company |
|-----------------|------------------------------------------------------------------------------------|

| 61.   | Essex              Kings Road, L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------|

| 62.   | Essex              Kings Road, LLC, a Delaware limited liability              company |
|-----------------|---------------------------------------------------------------------------------------|

| 63.   | Essex              Le Parc, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------|

| 64.   | Essex              Le Parc, LLC, a Delaware limited liability              company |
|-----------------|------------------------------------------------------------------------------------|

| 65.   | Essex              Monterey Villas, L.P., a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 66.   | Essex              Monterey Villas, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------------------|

| 67.   | Jaysac,              Ltd., a Texas limited partnership |
|-----------------|--------------------------------------------------------|

| 68.   | JMS              Acquisition, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------------|

| 69.   | Jaysac              GP Corporation, a Delaware corporation |
|-----------------|------------------------------------------------------------|

| 70.   | Western              Blossom Hill Investors, a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 71.   | Western              Los Gatos I Investors, a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 72.   | Western              Highridge Investors, a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 73.   | Western              San Jose III Investors, a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 74.   | Western              Riviera Investors, a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------|

| 75.   | Western              Palo Alto II Investors, a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 76.   | Irvington              Square Associates, a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 77.   | Western              Seven Trees Investors, a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 78.   | Western              Las Hadas Investors, a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 79.   | San              Pablo Medical Investors, LTD, a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------|

| 80.   | Gilroy              Associates, a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------|

| 81.   | The              Oakbrook Company, a Ohio limited              partnership |
|-----------------|----------------------------------------------------------------------------|

| 82.   | Pine              Grove Apartment Fund, LTD, a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 83.   | Valley              Park Apartments, LTD, a California limited              partnership |
|-----------------|-----------------------------------------------------------------------------------------|

| 84.   | Fairhaven              Apartment Fund, LTD, a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 85.   | K-H              Properties, a California limited              partnership |
|-----------------|----------------------------------------------------------------------------|

| 86.   | Villa              Angelina Apartment Fund, LTD, a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------------------|

| 87.   | Essex              San Dimas Bonita Apartments, L.P, a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------------|

| 88.   | Essex              San Dimas Canyon Apartments, L.P, a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------------|

| 89.   | Essex              Huntington Beach Apartments, L.P, a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------------------|

| 90.   | Essex              Camarillo Oaks 789, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------|

| 91.   | Essex              Emerald Ridge, L.P., a California limited              partnership |
|-----------------|---------------------------------------------------------------------------------------|

| 92.   | Essex              Evergreen Heights, L.P., a California limited              partnership |
|-----------------|-------------------------------------------------------------------------------------------|

| 93.   | Essex              Sammamish View, L.P., a California limited              partnership |
|-----------------|----------------------------------------------------------------------------------------|

| 94.   | Essex              Wharfside Pointe, L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------------|

| 95.   | Essex              CAL-WA, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------|

| 96.   | Essex              Marina City Club, L.P., a California limited              partnership |
|-----------------|------------------------------------------------------------------------------------------|

| 97.   | Essex              Muir Terrace, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------|

| 98.   | Essex              Fountain Park Apartments, L.P., a California limited              partnership |
|-----------------|--------------------------------------------------------------------------------------------------|

| 99.   | Essex              SPE, LLC, a Delaware limited liability              company |
|-----------------|--------------------------------------------------------------------------------|

| 100.   | Essex              MCC, LLC, a Delaware limited liability              company |
|------------------|--------------------------------------------------------------------------------|

| 101.   | Essex              FPA, LLC, a Delaware limited liability              company |
|------------------|--------------------------------------------------------------------------------|

| 102.   | Essex              MTA, LLC, a Delaware limited liability              company |
|------------------|--------------------------------------------------------------------------------|

| 103.   | Essex              Excess Assets TRS, Inc., a Delaware              corporation |
|------------------|---------------------------------------------------------------------------------|

| 104.   | Essex              Villa Venetia Apartments, L.P., a California limited              partnership |
|------------------|--------------------------------------------------------------------------------------------------|

| 105.   | Essex              The Pointe, L.P., a California limited              partnership |
|------------------|------------------------------------------------------------------------------------|

| 106.   | Essex              Tierra Vista, L.P., a California limited              partnership |
|------------------|--------------------------------------------------------------------------------------|

| 107.   | Essex              Green Velley, L.P., a California limited              partnership |
|------------------|--------------------------------------------------------------------------------------|

| 108.   | Essex              Apartment Value Fund II, L.P., a Delaware limited              partnership |
|------------------|-----------------------------------------------------------------------------------------------|

| 109.   | Essex              VFGP II, L.P., a Delaware limited              partnership |
|------------------|-------------------------------------------------------------------------------|

| 110.   | Essex              Vista Belvedere, L.P., a California limited              partnership |
|------------------|-----------------------------------------------------------------------------------------|

| 111.   | Essex              Carlmont Woods Apartments, L.P., a California limited              partnership |
|------------------|---------------------------------------------------------------------------------------------------|

| 112.   | Essex              Harbor Cove Apartments, L.P., a California limited              partnership |
|------------------|------------------------------------------------------------------------------------------------|

| 113.   | Essex              Parcwood Apartments, L.P., a California limited              partnership |
|------------------|---------------------------------------------------------------------------------------------|

| 114.   | Essex              Marbrisa Long Beach, L.P., a California limited              partnership |
|------------------|---------------------------------------------------------------------------------------------|

| 115.   | Essex              Regency Tower Apartments, L.P., a California limited              partnership |
|------------------|--------------------------------------------------------------------------------------------------|

| 116.   | Essex              Marina City Club, LLC, a Delaware limited liability              company |
|------------------|---------------------------------------------------------------------------------------------|

| 117.   | Essex              Northwest Gateway, LLC, a Delaware limited liability              company |
|------------------|----------------------------------------------------------------------------------------------|

| 118.   | Essex              VFGP II, Inc., a Delaware corporation |
|------------------|----------------------------------------------------------|

| 119.   | Essex              Lake Merritt, Inc., a California              corporation |
|------------------|------------------------------------------------------------------------------|

| 120.   | Essex              Brighton Ridge, L.P., a California limited              partnership |
|------------------|----------------------------------------------------------------------------------------|

| 121.   | Essex              Canyon Pointe, L.P., a California limited              partnership |
|------------------|---------------------------------------------------------------------------------------|

| 122.   | Essex              Tower 801 Apartments, L.P., a California limited              partnership |
|------------------|----------------------------------------------------------------------------------------------|

| 123.   | Essex              Echo Ridge Apartments, L.P., a California limited              partnership |
|------------------|-----------------------------------------------------------------------------------------------|

| 124.   | Essex              Morning Run Apartments, L.P., a California limited              partnership |
|------------------|------------------------------------------------------------------------------------------------|

| 125.   | Essex              Enclave Apartments, L.P., a California limited              partnership |
|------------------|--------------------------------------------------------------------------------------------|

| 126.   | Essex              Fairwood Pond, L.P., a California limited              partnership |
|------------------|---------------------------------------------------------------------------------------|

| 127.   | Park              Hill, LLC, a Washington limited liability              company |
|------------------|----------------------------------------------------------------------------------|

| 128.   | Essex              Park Boulevard, LLC, a Delaware limited liability              company |
|------------------|-------------------------------------------------------------------------------------------|

| 129.   | MDR              Tower, LLC, a Delaware limited liability              company |
|------------------|--------------------------------------------------------------------------------|

| 130.   | Essex              NBN SPE, LLC, a Delaware limited liability              company |
|------------------|------------------------------------------------------------------------------------|

| 131.   | Essex              Gateway Management, LLC, a California limited liability              company |
|------------------|-------------------------------------------------------------------------------------------------|

| 132.   | Essex              Eastridge, Inc., a California corporation |
|------------------|--------------------------------------------------------------|

| 133.   | Essex              Tracy Development, Inc., a California              corporation |
|------------------|-----------------------------------------------------------------------------------|

| 134.   | Essex              Property Financial Corporation, a California              corporation |
|------------------|------------------------------------------------------------------------------------------|