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.
    
    Colonial Construction Services L.L.C.
    
    Delaware6.
    
    CPSI Mizner, LLC
    
    Delaware7.
    
    Montecito Mizner, LLC
    
    Delaware8.
    
    CPSI James Island, LLC
    
    Delaware9.
    
    Montecito James Island, LLC
    
    Delaware10.
    
    CPSI Huntsville TIC Investor I LLC
    
    Delaware11.
    
    CPSI Huntsville TIC Investor II LLC
    
    Delaware12.
    
    CPSI Huntsville TIC Investor III LLC
    
    Delaware13.
    
    Walkers Chapel Road, LLC
    
    Alabama14.
    
    Highway 31 Alabaster, LLC
    
    Alabama15.
    
    Highway 31 Alabaster Two, LLC
    
    Alabama16.
    
    First Ward MB, LLC
    
    Georgia17.
    
    First Ward Residential, LLC
    
    North Carolina18.
    
    Forty Seven Canal Place, LLC
    
    Alabama19.
    
    ACG - CPSI Canyon Creek  LP
    
    Delaware20.
    
    Lanesboro at Heathrow LLC
    
    Florida21.
    
    Sam Ridley, LLC
    
    Delaware22.
    
    Midtown Redevelopment Partners, LLC
    
    North Carolina23.
    
    Monterey at Lakewood Ranch, LLC
    
    Delaware24.
    
    CPSI-Winter Haven, LLC
    
    Delaware25.
    
    Regents Park LLC
    
    Georgia26.
    
    Regents Park Phase II LLC
    
    Georgia27.
    
    1755 Central Park Road Condominiums, LLC
    
    Delaware28.
    
    The Azur at Metrowest, LLC
    
    Delaware29.
    
    Capri at Hunters Creek Condominuims, LLC
    
    Delaware30.
    
    CPSI-UCO LLC
    
    Alabama31.
    
    CPSI-UCO Spanish Oaks, LLC
    
    Alabama32.
    
    CPSI-UCO Grander, LLC
    
    Alabama33.
    
    CPSI-UCO Cypress Village I, LLC
    
    Alabama34.
    
    CPSI-UCO Cypress Village II, LLC
    
    Alabama35.
    
    CPSI-UCO Cypress Village III, LLC
    
    AlabamaC.
    
    Parkway Place Limited Partnership
    
    AlabamaD.
    
    Colonial Commercial Contracting LLC
    
    DelawareE.
    
    CRLP/CMS, L.L.C.
    
    Delaware1.
    
    Mountain Brook, LLC
    
    Alabama2.
    
    CMS/Colonial Multifamily Hickory Point JV LLC
    
    DelawareF.
    
    CRLP/CMS II, L.L.C.
    
    Delaware1.
    
    Rocky Ridge, LLC
    
    AlabamaG.
    
    Heathrow E, LLC
    
    Delaware




---



##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    FormationH.
    
    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
    
    AlabamaO.
    
    Colonial/Polar BEK Management Company
    
    AlabamaP.
    
    G & I III Madison, LLC
    
    DelawareQ.
    
    G & I III Meadows, LLC
    
    DelawareR.
    
    G & I III Colony Woods, LLC
    
    DelawareS.
    
    G & I IV Cunningham LP
    
    DelawareT.
    
    Parkside Drive LLC
    
    TennesseeU.
    
    CRLP VOP, LLC
    
    Delaware1.
    
    VOP Beltline Limited Partnership
    
    DelawareV.
    
    CP DIberville JV LLC
    
    Alabama1.
    
    Colonial/DPL JV LLC
    
    AlabamaW.
    
    CMS Palma Sola Associates Limited Partnership
    
    FloridaX.
    
    CMS Brentwood, LLC
    
    DelawareY.
    
    TA-Colonial Traditions LLC
    
    DelawareZ.
    
    The Colonnade/CLP LLC
    
    DelawareAA.
    
    CRLP Durham, LP
    
    DelawareBB.
    
    CRLP Roswell, LP
    
    DelawareCC.
    
    G & I V Riverchase LLC
    
    DelawareDD.
    
    Walkers Chapel Road Two, LLC
    
    AlabamaEE.
    
    ACG-CRLP Crescent Matthews LLC
    
    DelawareFF.
    
    Belterra Investors LLC
    
    DelawareGG.
    
    Bham Lending LLC
    
    DelawareHH.
    
    Colonial 100/200 Owner, LLC
    
    Delaware1.
    
    A-Colonial 100/200 Owner, LLC
    
    DelawareII.
    
    Colonial 300/500 Owner, LLC
    
    Delaware1.
    
    A- Colonial 300/500 Owner, LLC
    
    DelawareJJ.
    
    Colonial Retail Owner, LLC
    
    Delaware1.
    
    A - Colonial Retail Owner, LLC
    
    DelawareKK.
    
    Colonial Retail Development, LLC
    
    Delaware1.
    
    A-Colonial Retail Development Owner, LLC
    
    DelawareLL.
    
    Colonial North Development, LLC
    
    Delaware1.
    
    A - Colonial North Development Owner, LLC
    
    DelawareMM.
    
    Colonial East Development, LLC
    
    Delaware1.
    
    A- Colonial East Development Owner, LLC
    
    DelawareNN.
    
    CPSI St. Andrews, LLC
    
    Delaware1.
    
    Montecito St. Andrews, LLC
    
    DelawareOO.
    
    McDowell  CRLP McKinney JV, LLC
    
    DelawarePP.
    
    CP Nord du Lac JV, LLC
    
    DelawareQQ.
    
    G & I IV Harrison Grande LP
    
    DelawareRR.
    
    Parkside Drive Farragut, LLC
    
    Tennessee




---



##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    FormationSS.
    
    Highway 11/31 LLC
    
    DelawareTT.
    
    Langley-Colonial LLC
    
    AlabamaUU.
    
    CRLP Huntsville TIC Investor I LLC
    
    Delaware1.
    
    BR Cummings Research Park Portfolio I, TIC-2, LLC
    
    DelawareVV.
    
    CRLP Huntsville TIC Investor II LLC
    
    Delaware1.
    
    BR Cummings Research Park Portfolio II, TIC-2, LLC
    
    DelawareWW.
    
    CRLP Huntsville TIC Investor III LLC
    
    Delaware1.
    
    BR Cummings Research Park Portfolio III, TIC-2, LLC
    
    DelawareXX.
    
    CRLP Crescent Lane LLC
    
    DelawareYY.
    
    BR Cummings Research Place Development, LLC
    
    AlabamaZZ.
    
    CMS/Colonial Multifamily Canyon Creek JV, LP
    
    DelawareAAA.
    
    CLNL Acquisition Sub LLC
    
    Delaware1.
    
    Apple REIT II Limited Partnership
    
    Virginia2.
    
    Apple REIT III Limited Partnership
    
    Virginia3.
    
    Apple REIT IV Limited Partnership
    
    Virginia4.
    
    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 III Limited Partnership
    
    Virginia13.
    
    CAC III Special General LLC
    
    Delaware14.
    
    CAC III Special Limited LLC
    
    Delaware15.
    
    CAC IV Limited Partnership
    
    Virginia16.
    
    CAC Limited Partnership
    
    Virginia17.
    
    CAC V Limited Partnership
    
    Virginia18.
    
    CAC VI Limited Partnership
    
    Virginia19.
    
    CAC VI Special General LLC
    
    Virginia20.
    
    CAC VI Special Limited LLC
    
    Delaware21.
    
    CAC VII Limited Partnership
    
    Virginia22.
    
    Cornerstone Acquisition Company LLC
    
    Delaware23.
    
    Cornerstone Merger Sub, LLC
    
    Delaware24.
    
    Cornerstone NC Operating Limited Partnership
    
    Virginia25.
    
    CRIT - Dunwoody LLC
    
    Delaware26.
    
    CRIT - NC Three LLC
    
    Delaware27.
    
    CRIT - NC Two LLC
    
    Delaware28.
    
    CRIT - SC LP LLC
    
    Delaware29.
    
    CRIT General LLC
    
    Delaware30.
    
    CRIT Special II LLC
    
    Delaware31.
    
    CRIT Special III LLC
    
    Delaware32.
    
    CRIT Special IV LLC
    
    Delaware33.
    
    CRIT Special LLC
    
    Delaware34.
    
    CRIT-Cape Landing LLC
    
    Delaware




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##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    Formation35.
    
    CRIT-Cornerstone Limited Partnership
    
    Virginia36.
    
    CRIT-Enclave at Poplar Place, LLC
    
    Virginia37.
    
    CRIT-Glen Eagles, LLC
    
    Virginia38.
    
    CRIT-Landings, LLC
    
    Virginia39.
    
    CRIT-Legacy LLC
    
    Delaware40.
    
    CRIT-Meadows, LLC
    
    Virginia41.
    
    CRIT-Mill Creek, LLC
    
    Virginia42.
    
    CRIT-NC Four LLC
    
    Delaware43.
    
    CRIT-NC V, LLC
    
    Delaware44.
    
    CRIT-Poplar Place, LLC
    
    Virginia45.
    
    CRIT-SC GP LLC
    
    Delaware46.
    
    CRIT-SPE I LLC
    
    Delaware47.
    
    CRIT-VA II LLC
    
    Delaware48.
    
    CRIT-VA III LLC
    
    Delaware49.
    
    CRIT-VA IV LLC
    
    Delaware50.
    
    CRIT-VA LLC
    
    Delaware51.
    
    CRIT-VA V LLC
    
    Delaware52.
    
    CRIT-VA VI LLC
    
    Delaware53.
    
    Deposit Waiver LLC
    
    Delaware54.
    
    Greentree LLC
    
    Georgia55.
    
    Legacy Park Apartments, LLC
    
    North Carolina56.
    
    Marsh Cove Apartments LLC
    
    Georgia57.
    
    Merritt at Godley Station, LLC
    
    Georgia58.
    
    Merry Land Property Management, LLC
    
    Delaware59.
    
    ML Apartments I LLC
    
    Delaware60.
    
    ML Apartments II LLC
    
    Delaware61.
    
    ML Apartments III LLC
    
    Delaware62.
    
    ML Apartments IV LLC
    
    Delaware63.
    
    ML Hammocks at Long Point, L.L.C.
    
    Georgia64.
    
    ML Huntington, L.L.C.
    
    Georgia65.
    
    ML James Island Apartments, L.P.
    
    Georgia66.
    
    ML Whitemarsh LLC
    
    Georgia67.
    
    ML Windsor Place, L.L.C.
    
    Georgia68.
    
    Quarterdeck Apartments LLC
    
    Georgia69.
    
    St. Andrews Place Apartments, LLC
    
    North Carolina70.
    
    St. Andrews Place II, LLC
    
    North Carolina71.
    
    Timber Crest Apartments, LLC
    
    North Carolina72.
    
    Trinity Commons Apartments, LLC
    
    North Carolina73.
    
    Trinity Commons II, LLC
    
    North Carolina74.
    
    Waters Edge Apartments LLC
    
    Georgia75.
    
    CRIT Holdings, L.P.
    
    Virginia76.
    
    CRIT-NC, LLC
    
    Virginia77.
    
    APA II, LLC
    
    North Carolina78.
    
    Master SC Apartments L.P.
    
    Delaware79.
    
    SAP IV Arbors NF GP L.L.C.
    
    Delaware80.
    
    SAP IV SR NF GP L.C.C.
    
    Delaware




---



##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    Formation81.
    
    Arbors at Windsor Lakes Apartments NF L.P.
    
    Delaware82.
    
    SR Apartments NF L.P.
    
    Delaware83.
    
    Merritt at Godley Station II, LLC
    
    Georgia84.
    
    Colonial Apple-CRIT LLC
    
    DelawareBBB.
    
    Colonial Retail JV LLC
    
    DelawareCCC.
    
    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.
    
    CRT McGinnis Park LLC
    
    Florida27.
    
    McGinnis Park Ltd.
    
    Florida28.
    
    CRT/McGinnis Office LLC
    
    Florida29.
    
    CRT/McGinnis Office Ltd.
    
    Florida30.
    
    CRT/McGinnis Undeveloped LLC
    
    Florida31.
    
    CRT/McGinnis Developed LLC
    
    Florida32.
    
    Mez DRA CRT LLC
    
    Delaware33.
    
    DRA CRT Lake Mary Center LLC
    
    Delaware34.
    
    DRA CRT Perimeter Center LLC
    
    Delaware35.
    
    DRA CRT Chamblee Center LLC
    
    Delaware36.
    
    DRA CRT GP Charlotte University Center LLC
    
    Delaware37.
    
    DRA CRT LP Charlotte University Center LLC
    
    Delaware38.
    
    DRA CRT Charlotte University Center LP
    
    Delaware39.
    
    CRT MK Oak Park LP
    
    Delaware40.
    
    CRT Signature Place GP LLC
    
    Delaware




---



##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    Formation41.
    
    CRT Signature Place LP
    
    Delaware42.
    
    CRT Ravinia MZ LLC
    
    Delaware43.
    
    CRT Ravinia LLC
    
    Delaware44.
    
    DRA CRT Baymeadows Center LLC
    
    Delaware45.
    
    DRA CRT Alabama Land LLC
    
    Delaware46.
    
    DRA CRT JTB Center LLC
    
    Delaware47.
    
    DRA CRT Orlando University Center LLC
    
    Delaware48.
    
    DRA CRT Greenville Park Land LLC
    
    Delaware49.
    
    DRA ACP LLC
    
    Delaware50.
    
    DRA CRT Orlando Central Center LLC
    
    Delaware51.
    
    DRA CRT Orlando Central Land LLC
    
    Delaware52.
    
    CRT Decoverly 9509 LLC
    
    Maryland53.
    
    DRA CRT Post Oak LP
    
    Delaware54.
    
    CRT Realty Services Inc.
    
    Florida55.
    
    ACP Fitness Center LLC
    
    Georgia56.
    
    TRC Holdings LLC
    
    Georgia57.
    
    DRA CRT St. Petersburg Center LLC
    
    Delaware58.
    
    DRA CRT Landstar LLC
    
    Delaware59.
    
    DRA CRT St. Petersburg Land LLC
    
    Delaware60.
    
    DRA CRT Kogerama Land LLC
    
    DelawareDDD.
    
    Colonial Office Holdings LLC
    
    Delaware1.
    
    DRA/CLP Office LLC
    
    Delaware2.
    
    DRA/CLP 600 Townpark Office Orlando LLC
    
    Delaware3.
    
    DRA/CLP 901 Maitland Orlando LLC
    
    Delaware4.
    
    DRA/CLP Bayside Tampa LLC
    
    Delaware5.
    
    DRA/CLP Blue Lake Birmingham LLC
    
    Delaware6.
    
    DRA/CLP Colonnade Office Birmingham LLC
    
    Delaware7.
    
    DRA/CLP Colonnade Retail Birmingham LLC
    
    Delaware8.
    
    DRA/CLP Concourse Center Tampa LLC
    
    Delaware9.
    
    DRA/CLP CP Tampa LLC
    
    Delaware10.
    
    DRA/CLP Downtown Plaza Birmingham LLC
    
    Delaware11.
    
    DRA/CLP DRS Building Huntsville LLC
    
    Delaware12.
    
    DRA/CLP Esplanade Charlotte GP LLC
    
    Delaware13.
    
    DRA/CLP Esplanade LP
    
    Delaware14.
    
    DRA/CLP Heathrow Orlando LLC
    
    Delaware15.
    
    DRA/CLP Heathrow Orlando 1000 LLC
    
    Delaware16.
    
    DRA/CLP Independence Plaza Birmingham LLC
    
    Delaware17.
    
    DRA/CLP International Park Birmingham LLC
    
    Delaware18.
    
    DRA/CLP Lakeside Huntsville LLC
    
    Delaware19.
    
    DRA/CLP NG BTS Huntsville LLC
    
    Delaware20.
    
    DRA/CLP The Peachtree Atlanta LLC
    
    Delaware21.
    
    DRA/CLP Peachtree Parking LLC
    
    Delaware22.
    
    DRA/CLP Perimeter Corporate Park Huntsville LLC
    
    Delaware23.
    
    DRA/CLP Progress Center Huntsville LLC
    
    Delaware24.
    
    DRA/CLP Regions Center Huntsville LLC
    
    Delaware25.
    
    DRA/CLP Research Office Center Huntsville LLC
    
    Delaware




---



##### 



List of Subsidiaries
Colonial Realty Limited Partnership
 Jurisdiction ofName
    
    
    
    
    
    Formation26.
    
    DRA/CLP Research Park Huntsville LLC
    
    Delaware27.
    
    DRA/CLP Research Park Plaza Austin GP LLC
    
    Delaware28.
    
    DRA/CLP Research Park Plaza Austin LP
    
    Delaware29.
    
    DRA/CLP Research Place Huntsville LLC
    
    Delaware30.
    
    DRA/CLP Riverchase Center Birmingham LLC
    
    Delaware31.
    
    DRA/CLP Townpark Office Orlando LLC
    
    Delaware32.
    
    DRA/CLP Townpark Retail Orlando LLC
    
    DelawareEEE.
    
    Colonial Retail Holdings LLC
    
    Delaware1.
    
    OZ/CLP Retail LLC
    
    Delaware2.
    
    OZ/CLP Alabaster LLC
    
    Delaware3.
    
    OZ/CLP Beechwood LLC
    
    Delaware4.
    
    OZ/CLP Burnt Store LLC
    
    Delaware5.
    
    OZ/CLP Clay LLC
    
    Delaware6.
    
    OZ/CLP Hunter's Creek LLC
    
    Delaware7.
    
    OZ/CLP Kingwood Commons LP
    
    Delaware8.
    
    OZ/CLP Lakewood LLC
    
    Delaware9.
    
    OZ/CLP Northdale LLC
    
    Delaware10.
    
    OZ/CLP Portofino LP
    
    Delaware11.
    
    OZ/CLP Trussville I LLC
    
    Delaware12.
    
    OZ/CLP Trussville  II LLC
    
    Delaware