##### 



Exhibit 21.1
 List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    Formation1. Colonial Realty Limited Partnership (CRLP)
    
    DelawareA. Colonial Properties Services Limited Partnership
    
    DelawareB. Colonial Properties Services, Inc. (CPSI)
    
    Alabama1. Heathrow 4, LLC
    
    Delaware2. Heathrow Oakmonte, LLC
    
    Delaware3. The Colonnade/CLP Management LLC
    
    Delaware4. Colonial CPSI Colonnade LLC
    
    Delaware5. Colonnade Properties LLC
    
    Delaware6. CPSI Mizner, LLC
    
    Delaware7. Montecito Mizner, LLC
    
    Delaware8. CPSI St. Andrews, LLC
    
    Delaware9. Montecito St. Andrews, LLC
    
    DelawareC. Parkway Place Limited Partnership
    
    AlabamaD. CRLP Metrowest LLC
    
    DelawareE. CMS/Colonial Multifamily JV, L.P.
    
    Alabama1. Mountain Brook Manager Corporation
    
    Alabama2. Mountain Brook Manager, LLC
    
    Alabama3. Mountian Brook, LLC
    
    Alabama4. River Hills Manager Corporation
    
    Delaware5. River Hills Manager, LLC
    
    Delaware6. River Hills, LLC
    
    Delaware7. Cahaba Heights Manager, LLC
    
    Alabama8. Cahaba Heights, LLC
    
    Alabama9. Barrington Manager, LLC
    
    Georgia10. Barrington, LLC
    
    Georgia11. Stockbridge Manager, LLC
    
    Georgia12. Stockbridge, LLC
    
    Georgia13. CRLP/CMS, L.L.C.
    
    DelawareF. CMS/Colonial Multifamily JV II, L.P.
    
    Alabama1. Inverness I Manager, LLC
    
    Alabama2. Inverness I, LLC
    
    Alabama3. Inverness II Manager, LLC
    
    Alabama4. Inverness II, LLC
    
    Alabama5. Rocky Ridge Manager, LLC
    
    Alabama6. Rocky Ridge, LLC
    
    Alabama7. Hillwood Manager, LLC
    
    Alabama8. Hillwood, LLC
    
    Alabama9. CRLP/CMS II, L.L.C.
    
    DelawareG. Heathrow E, LLC
    
    DelawareH. Heathrow F, LLC
    
    DelawareI. Heathrow 3, LLC
    
    DelawareJ. Heathrow G, LLC
    
    DelawareK. Heathrow 6, LLC
    
    DelawareL. Heathrow I, LLC
    
    DelawareM. Highway 150, LLC
    
    AlabamaN. 600 Building Partners
    
    Alabama




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Jurisdiction ofName

    
    FormationO.
    Colonial/Polar BEK Management Company
    
    AlabamaP.
    CRLP Quarry Oaks LLC
    
    DelawareQ.
    CRLP Mallard Creek LLC
    
    DelawareR.
    CRLP Research Place LLC
    
    DelawareS.
    CRLP Wynn Drive LLC
    
    DelawareT.
    CS Pines Plaza, LLC
    
    DelawareU.
    CS College Parkway, LLC
    
    DelawareV.
    CP Deerfield, LLC
    
    DelawareW.
    CP Deerfield Manager, Inc.
    
    DelawareX.
    CP Pembroke Pines, LLC
    
    DelawareY.
    CP Pembroke Pines Manager LLC
    
    DelawareZ.
    CRLP Arringdon Park Drive LLC
    
    DelawareAA.
    CRLP Kingwood Drive LLC
    
    DelawareBB.
    CRLP Bradford Creek Trail LLC
    
    DelawareCC.
    CRLP Pleasant Hill Road LLC
    
    DelawareDD.
    CRLP Plantation Trace Drive LLC
    
    DelawareEE.
    CRLP Preson Woods Trail LLC
    
    DelawareFF.
    CRLP Veranda Chase Drive LLC
    
    DelawareGG.
    CRLP South Creek Drive LLC
    
    DelawareHH.
    CRLP Shannopin Drive LLC
    
    DelawareII.
    G & I III Madison, LLC
    
    DelawareJJ.
    G & I III Meadows, LLC
    
    DelawareKK.
    G & I III Colony Woods, LLC
    
    DelawareLL.
    G & I IV Cunningham LP
    
    DelawareMM.
    Parkside Drive LLC
    
    TennesseeNN.
    CRLP VOP, LLC
    
    Delaware1.
    VOP Beltline Limited Partnership
    
    DelawareOO.
    G & I Rancho Viejo LLC
    
    DelawarePP.
    G & I La Entrada LLC
    
    DelawareQQ.
    G & I Arabian Trails LLC
    
    DelawareRR.
    G & I III Investment Residential Portfolio LLC
    
    Delaware1.
    G & I Residential Portfolio LLC
    
    Delaware2.
    G & I Casa Lindas LLC
    
    Delaware3.
    G & I Colonial Del Rio LLC
    
    Delaware4.
    G & I Desert Lakes LLC
    
    Delaware5.
    G & I Fairway Crossing LLC
    
    Delaware6.
    G & I Pinnacle High Desert LLC
    
    Delaware7.
    G & I Pinnacle Estates LLC
    
    Delaware8.
    G & I Pinnacle Flamingo West LLC
    
    Delaware9.
    G & I Pinnacle Heights LLC
    
    Delaware10.
    G & I Pinnacle High Resort LLC
    
    Delaware11.
    G & I Posada Del Este LLC
    
    Delaware12.
    G & I Springhill LLC
    
    Delaware13.
    G & I Talavera LLC
    
    Delaware14.
    G & I Hacienda del Rio, LP
    
    DelawareSS.
    CMS Bayshore Associates Limited Partnership
    
    FloridaTT.
    CMS Palma Sola Associates Limited Partnership
    
    FloridaUU.
    CMS Brentwood, LLC
    
    DelawareVV.
    CMS Hendersonville, LLC
    
    DelawareWW.
    The Colonnade/CLP LLC
    
    DelawareXX.
    CLNL Acquisition Sub LLC
    
    Delaware1.
    Apple REIT II Limited Partnership
    
    Virginia2.
    Apple REIT III Limited Partnership
    
    Virginia3.
    Apple REIT IV Limited Partnership
    
    Virginia




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Jurisdiction ofName
    
    Formation4. Apple REIT Limited Partnership
    
    Virginia5. Apple REIT V Limited Partnership
    
    Virginia6. Apple REIT VI Limited Partnership
    
    Virginia7. Apple REIT VII Limited Partnership
    
    Virginia8. Apple-CRIT Limited LLC
    
    Delaware9. Apple-CRIT General LLC
    
    Delaware10. Autumn Park Apartments, LLC
    
    North Carolina11. CAC II Limited Partnership
    
    Virginia12. CAC II Special General LLC
    
    Delaware13. CAC II Special Limited LLC
    
    Delaware14. CAC III Limited Partnership
    
    Virginia15. CAC III Special General LLC
    
    Delaware16. CAC III Special Limited LLC
    
    Delaware17. CAC IV Limited Partnership
    
    Virginia18. CAC IV Special General LLC
    
    Delaware19. CAC IV Special Limited LLC
    
    Delaware20. CAC Limited Partnership
    
    Virginia21. CAC Special General LLC
    
    Delaware22. CAC Special Limited LLC
    
    Delaware23. CAC V Limited Partnership
    
    Virginia24. CAC V Special General LLC
    
    Delaware25. CAC V Special Limited LLC
    
    Delaware26. CAC VI Limited Partnership
    
    Virginia27. CAC VI Special General, Inc.
    
    Virginia28. CAC VI Special Limited LLC
    
    Delaware29. CAC VII Limited Partnership
    
    Virginia30. CAC VII Special General LLC
    
    Delaware31. CAC VII Special Limited LLC
    
    Delaware32. Cornerstone Acquisition Company LLC
    
    Delaware33. Cornerstone Merger Sub, LLC
    
    Delaware34. Cornerstone NC Operating Limited Partnership
    
    Virginia35. CRIT  Dunwoody LLC
    
    Delaware36. CRIT  NC Three LLC
    
    Delaware37. CRIT  NC Two LLC
    
    Delaware38. CRIT  SC LP LLC
    
    Delaware39. CRIT General LLC
    
    Delaware40. CRIT Special II LLC
    
    Delaware41. CRIT Special III LLC
    
    Delaware42. CRIT Special IV LLC
    
    Delaware43. CRIT Special LLC
    
    Delaware44. CRIT-Cape Landing LLC
    
    Delaware45. CRIT-Cornerstone Limited Partnership
    
    Virginia46. CRIT-Enclave at Poplar Place, LLC
    
    Virginia47. CRIT-Glen Eagles, LLC
    
    Virginia48. CRIT-Landings, LLC
    
    Virginia49. CRIT-Legacy LLC
    
    Delaware50. CRIT-Meadows, LLC
    
    Virginia51. CRIT-Mill Creek, LLC
    
    Virginia52. CRIT-NC Four LLC
    
    Delaware53. CRIT-NC V, LLC
    
    Delaware54. CRIT-Poplar Place, LLC
    
    Virginia55. CRIT-SC GP LLC
    
    Delaware56. CRIT-SPE I LLC
    
    Delaware57. CRIT-VA II LLC
    
    Delaware




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Jurisdiction ofName

    
    Formation58.
    CRIT-VA III LLC
    
    Delaware59.
    CRIT-VA IV LLC
    
    Delaware60.
    CRIT-VA LLC
    
    Delaware61.
    CRIT-VA V LLC
    
    Delaware62.
    CRIT-VA VI LLC
    
    Delaware63.
    Deposit Waiver LLC
    
    Delaware64.
    Greentree LLC
    
    Georgia65.
    Legacy Park Apartments, LLC
    
    North Carolina66.
    Marsh Cove Apartments LLC
    
    Georgia67.
    Merritt at Godley Station, LLC
    
    Georgia68.
    Merry Land Property Management, LLC
    
    Delaware69.
    ML Apartments I LLC
    
    Delaware70.
    ML Apartments II LLC
    
    Delaware71.
    ML Apartments III LLC
    
    Delaware72.
    ML Apartments IV LLC
    
    Delaware73.
    ML Hammocks at Long Point, L.L.C.
    
    Georgia74.
    ML Huntington, L.L.C.
    
    Georgia75.
    ML James Island Apartments, L.P.
    
    Georgia76.
    ML Whitemarsh LLC
    
    Georgia77.
    ML Windsor Place, L.L.C.
    
    Georgia78.
    Quarterdeck Apartments LLC
    
    Georgia79.
    St. Andrews Place Apartments, LLC
    
    North Carolina80.
    St. Andrews Place II, LLC
    
    North Carolina81.
    Timber Crest Apartments, LLC
    
    North Carolina82.
    Trinity Commons Apartments, LLC
    
    North Carolina83.
    Trinity Commons II, LLC
    
    North Carolina84.
    Waters Edge Apartments LLC
    
    Georgia85.
    CRIT Holdings, L.P.
    
    Virginia86.
    CRIT-NC, LLC
    
    Virginia87.
    APA II, LLC
    
    North Carolina88.
    Master SC Apartments L.P.
    
    Delaware89.
    SAP IV Arbors NF GP L.L.C.
    
    Delaware90.
    SAP IV SR NF GP L.C.C.
    
    Delaware91.
    Arbors at Windsor Lakes Apartments NF L.P.
    
    Delaware92.
    SR Apartments NF L.P.
    
    Delaware93.
    Merritt at Godley Station II, LLC
    
    GeorgiaYY
    CRLP Arrowgrass Drive LLC
    
    DelawareZZ
    CRLP Brickell LLC
    
    DelawareAAA
    CRLP Durham, LP
    
    DelawareBBB
    CRLP Heathrow Park Lane LLC
    
    DelawareCCC
    CRLP Mangrove Bay LLC
    
    DelawareDDD
    CRLP McGinnis Ferry Road LLC
    
    DelawareEEE
    CRLP Northcreek Drive LLC
    
    DelawareFFF
    CRLP Old Madison Pike LLC
    
    DelawareGGG
    CRLP Old Madison Two LLC
    
    DelawareHHH
    CRLP Research Boulevard LLC
    
    DelawareIII
    CRLP Shenandoah LLC
    
    DelawareJJJ
    CRLP West Cypress LLC
    
    DelawareKKK
    CRLP-Colonial Construction Services L.L.C.
    
    DelawareLLL
    CRLP-Crabtree LLC
    
    DelawareMMM
    Colonial Retail JV LLC
    
    Delaware1.
    Marelda Retail Development LLC
    
    Delaware2.
    Marelda Bel Air Mall LLC
    
    Delaware3.
    Marelda Greenville Mall LLC
    
    Delaware




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Jurisdiction ofName
    
    Formation4. Marelda Blynn Place Mall LLC
    
    Delaware5. Marelda Valdosta Mall LLC
    
    Delaware6. Marelda University Village Mall LLC
    
    Delaware7. Marelda Myrtle Beach Mall LLC
    
    DelawareNNN Colonial Office JV LLC
    
    Delaware1. CRTP OP LLC
    
    Delaware2. DRA CRT LP Germantown Center LLC
    
    Delaware3. DRA CRT GP Germantown Center LLC
    
    Delaware4. DRA CRT Germantown Center L.P.
    
    Delaware5. CR Decoverly LLC
    
    Maryland6. CR Decoverly 15200 LLLP
    
    Maryland7. DRA CRT Decoverly 15200 LLC
    
    Delaware8. DRA CRT LP Greensboro Land LLC
    
    Delaware9. DRA CRT GP Greensboro Land LLC
    
    Delaware10. DRA CRT Greensboro Land LLC
    
    Delaware11. CRT BFC GP LLC
    
    Florida12. CRT BFC Ltd.
    
    Delaware13. CRT CTA GP LLC
    
    Delaware14. CTA Partners LP
    
    Delaware15. CRT Decoverly LLC
    
    Maryland16. CR Decoverly 9501 LLLP
    
    Maryland17. CRT Post Oak Inc.
    
    Delaware18. CRT Post Oak LP
    
    Delaware19. Mez DRA CRT LP Post Oak LLC
    
    Delaware20. DRA CRT GP Post Oak LLC
    
    Delaware21. CRT BMWCX Ltd.
    
    Florida22. CRT BM GP LLC
    
    Delaware23. CRT Baymeadows Ltd.
    
    Florida24. CRT WC GP LLC
    
    Delaware25. CRT Westchase LP
    
    Delaware26. DRA CRT LP Vanguard Center Land LLC
    
    Delaware27. CRA CRT GP Vanguard Center Land LLC
    
    Delaware28. CRA CRT Vanguard Center Land LP
    
    Delaware29. CRT Las Olas GP LLC
    
    Delaware30. CRT Las Olas LP
    
    Delaware31. CRT ELO GP LLC
    
    Delaware32. ELO Associates II Ltd.
    
    Florida33. CRT McGinnis Park LLC
    
    Florida34. McGinnis Park Ltd.
    
    Florida35. CRT/McGinnis Office LLC
    
    Florida36. CRT/McGinnis Office Ltd.
    
    Florida37. CRT/McGinnis Undeveloped LLC
    
    Florida38. CRT/McGinnis Developed LLC
    
    Florida39. Mez DRA CRT LLC
    
    Delaware40. DRA CRT Lake Mary Center LLC
    
    Delaware41. DRA CRT Perimeter Center LLC
    
    Delaware42. DRA CRT Chamblee Center LLC
    
    Delaware43. DRA CRT GP Charlotte University Center LLC
    
    Delaware44. DRA CRT LP Charlotte University Center LLC
    
    Delaware45. DRA CRT Charlotte University Center LP
    
    Delaware46. CRT MK Oak Park LP
    
    Delaware47. CRT Signature Place GP LLC
    
    Delaware48. CRT Signature Place LP
    
    Delaware49. CRT Ravinia MZ LLC
    
    Delaware




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Jurisdiction ofName
    
    Formation50. CRT Ravinia LLC
    
    Delaware51. DRA CRT Baymeadows Center LLC
    
    Delaware52. CRA CRT Alabama Land LLC
    
    Delaware53. DRA CRT JTB Center LLC
    
    Delaware54. DRA CRT Gwinett Land LLC
    
    Delaware55. DRA CRT Orlando University Center LLC
    
    Delaware56. DRA CRT Greenville Park Land LLC
    
    Delaware57. DRA ACP LLC
    
    Delaware58. DRA CRT Orlando Central Center LLC
    
    Delaware59. DRA CRT Orlando Central Land LLC
    
    Delaware60. DRA CRT TRS Corp.
    
    Delaware61. CRT Decoverly 9509 LLC
    
    Maryland62. CR Decoverly 9509 LLLP
    
    Maryland63. C/Dallas I Inc.
    
    Delaware64. CRT Dallas I Limited Partnership
    
    Delaware65. C/Dallas II Inc.
    
    Delaware66. CRT Realty Services Inc.
    
    Florida67. CRT Dallas II Limited Partnership
    
    Delaware68. ACP Fitness Center LLC
    
    Georgia69. TRC Holdings LLC
    
    Georgia70. DRA CRT Paragon Place Center LLC
    
    Delaware71. DRA CRT St. Petersburg Center LLC
    
    Delaware72. DRA CRT Gwinnett Center LLC
    
    Delaware73. CRA CRT Landstar LLC
    
    Delaware74. Dra CRT Tallahassee Center LLC
    
    Delaware75. CRT Vanguard Partners L.P.
    
    Delaware76. DRA CRT St. Petersburg Land LLC
    
    Delaware77. DRA CRT Kogerama Land LLC
    
    Delaware78. CRT WPB Cityplace LLC
    
    Florida79. CRT WPB Cityplace Ltd.
    
    Florida