**EXHIBIT 21**

 

**SUBSIDIARIESOF THE REGISTRANT**

 

New Plan Realty Trust, a Massachusettsbusiness trust

Excel Realty Trust — ST, Inc., aDelaware corporation

ERT Development Corporation, a Delawarecorporation

CA New Plan Asset Partnership IV, L.P., aDelaware limited partnership

New Plan Securities Corp., a New Yorkcorporation

New Plan Realty of Alabama, Inc., an Alabamacorporation

Avion Service Corp., a Pennsylvaniacorporation

New Plan Factory Malls, Inc., a Delawarecorporation

New Plan of Fashion Corners, Inc., a Delawarecorporation

New Plan Disbursing Corp., a Delawarecorporation

New Plan of Tennessee, Inc., a Delawarecorporation

New Plan of New Garden, Inc., a Delawarecorporation

New Plan of New Jersey, Inc., a Delawarecorporation

New Plan of Tinton Falls, Inc., a Delawarecorporation

NC Properties #1, Inc., a Delawarecorporation

NC Properties #2, Inc., a Delawarecorporation

Excel Realty Trust — NC, a NorthCarolina partnership

TX Properties #1, Inc., a Delawarecorporation

TX Properties #2, Inc., a Delawarecorporation

Excel Realty Trust — TX, L.P., aDelaware limited partnership

Excel Realty — PA, Inc., a Delawarecorporation

Excel Realty — NE, Inc., a Nebraskacorporation

Excel Westminster Marketplace, Inc., aDelaware corporation

Excel Realty Partners, L.P., a Delawarelimited partnership (99% interest)

New Plan DRP Trust, a Maryland real estateinvestment trust

E.H. Properties, L.P., a Delaware limitedpartnership

ERP Financing, LLC, a Delaware limitedliability company

ERPF, Inc., a Delaware corporation

New Plan Financing I, Inc., a Delawarecorporation

NPHV, Inc., a Delaware corporation

New Plan Hampton Village, LLC, a Delawarelimited liability company

NPTN, Inc., a Delaware corporation

NP of Tennessee, L.P., a Delaware limitedpartnership

New Plan of Michigan, Inc., a Delawarecorporation

New Plan of Michigan, LLC, a Delaware limitedliability company

New Plan of Laurel Mall, Inc., a Delawarecorporation

New Plan of Midway, Inc., a Delawarecorporation

ERT Poway, Inc., a Delaware corporation

ERT 163rd Street Mall, LLC, a Delawarelimited liability company

ERT Pointe Orlando, Inc., a New Yorkcorporation

Pointe Orlando Development Company, aCalifornia partnership

CA New Plan Mississippi Partnership II, L.P.,a Delaware limited partnership

CA New Plan Asset Partnership I, L.P., aDelaware limited partnership

CA New Plan Asset Partnership II, L.P., aDelaware limited partnership

CA New Plan Asset Partnership III, L.P., aDelaware limited partnership

CA New Plan IV, a Maryland real estateinvestment trust

CA New Plan V, a Maryland real estateinvestment trust

CA New Plan III, a Maryland real estateinvestment trust

CA New Plan Mississippi I, Inc., a Delawarecorporation

CA New Plan Mississippi II, Inc., a Delawarecorporation

CA New Plan VI, a Maryland real estateinvestment trust

CA New Plan Asset, Inc., a Delawarecorporation

 

 

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CA New Plan Venture Partner, a Maryland realestate investment trust

CA New Plan Management, Inc., a Delawarecorporation

CA New Plan Merchants Crossings SPE, Inc., aDelaware corporation

CA New Plan Floating Rate SPE, Inc., aDelaware corporation

CA New Plan Fixed Rate SPE, Inc., a Delawarecorporation

CA New Plan Mississippi Partnership I, L.P.,a Delaware limited partnership

CA New Plan Mississippi Partnership III, Inc.,a Delaware corporation

CA New Plan Merchants Crossings Partnership,L.P., a Delaware limited partnership

CA New Plan Floating Rate Partnership, L.P.,a Delaware limited partnership

CA New Plan Fixed Rate Partnership, L.P., aDelaware limited partnership

HK New Plan Exchange Upper Tier HoldingCompany, a Maryland real estate investment trust

HK New Plan Exchange Property Holdings I,LLC, a Delaware limited liability company

HK New Plan Exchange Property Owner I, LLC, aDelaware limited liability company

HK New Plan Exchange Property Owner II, LLC,a Delaware limited liability company

HK New Plan Exchange Upper Tier QRS HoldingCompany, a Delaware corporation

HK New Plan Exchange Property Holdings III,LLC, a Delaware limited liability company

HK New Plan Exchange Property Owner III, LLC,a Delaware limited liability company

HK New Plan Exchange Property Holdings IV,LLC, a Delaware limited liability company

HK New Plan Exchange Property Owner IV, LLC,a Delaware limited liability company

HK New Plan STH Upper Tier I, LLC, a Delawarelimited liability company

HK New Plan STH Mid Tier I, LLC, a Delawarelimited liability company

HK New Plan Arvada Plaza, LLC, a Delawarelimited liability company

HK New Plan University IV, LLC, a Delawarelimited liability company

HK New Plan Hilltop Plaza, LLC, a Delawarelimited liability company

HK New Plan Merchants Crossing, LLC, aDelaware limited liability company

HK New Plan Aurora Plaza, LLC, a Delawarelimited liability company

HK New Plan Covered Sun, LLC, a Delaware limitedliability company

HK New Plan STH Upper Tier II Company, aMaryland real estate investment trust

HK New Plan STH Mid Tier II, LLC, a Delawarelimited liability company

HK New Plan STH Lower Tier, LLC, a Delawarelimited liability company

HK New Plan Festival Center (IL), LLC, aDelaware limited liability company

HK New Plan Lexington Town Square, LLC, aDelaware limited liability company

HK New Plan Olympia Corners, LLC, a Delawarelimited liability company

HK New Plan STH Northshore GP, LLC, a Delawarelimited liability company

HK New Plan STH Northshore Plaza L.P.Company, a Maryland real estate investment trust

HK New Plan Northshore Plaza, L.P., aDelaware limited partnership

HK New Plan STH Upper Tier III, LLC, aDelaware limited liability company

HK New Plan Green Acres TRS GP Company, aDelaware corporation

HK New Plan Green Acres QRS L.P. Company, aDelaware corporation

HK New Plan Green Acres, L.P., a Delawarelimited partnership

HK New Plan Parkway Plaza TRS GP Company, aDelaware corporation

HK New Plan Parkway Plaza QRS L.P. Company, aDelaware corporation

HK New Plan Parkway Plaza, L.P., a Delawarelimited partnership

HK New Plan Skyway Plaza, LLC, a Delawarelimited liability company

HK New Plan Hunt River Commons, LLC, aDelaware limited liability company

HK New Plan Tuckernuck Square, LLC, aDelaware limited liability company

HK New Plan Marwood Sunshine Cheyenne, LLC, aDelaware limited liability company

HK New Plan Upper Tier Normandy Square, LLC,a Delaware limited liability company

HK New Plan Normandy Square, LLC, a Delawarelimited liability company

HK New Plan Knox Plaza, LLC, a Delawarelimited liability company

HK New Plan Vineyards GP, LLC, a Delawarelimited liability company

 

 

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HK New Plan Vineyards, L.P., a Delawarelimited partnership

HK New Plan Alexis Park GP, LLC, a Delawarelimited liability company

HK New Plan Alexis Park, L.P., a Delawarelimited partnership

HK New Plan Glengary GP, LLC, a Delawarelimited liability company

HK New Plan Glengary, L.P., a Delaware limitedpartnership

HK New Plan Karl Plaza GP, LLC, a Delawarelimited liability company

HK New Plan Karl Plaza, L.P., a Delawarelimited partnership

HK New Plan Ohio GP, LLC, a Delaware limitedliability company

HK New Plan Ohio, L.P., a Delaware limitedpartnership

HK New Plan Macon Chapman TRS GP Company, aDelaware corporation

HK New Plan Macon Chapman QRS L.P. Company, aDelaware corporation

HK New Plan Macon Chapman, L.P., a Delawarelimited partnership

HK New Plan Bristol Plaza GP, LLC, a Delawarelimited liability company

HK New Plan Bristol Plaza L.P., LLC, aDelaware limited liability company

HK New Plan Bristol Plaza, L.P., a Delawarelimited partnership

HK New Plan ERP Property Holdings, LLC, aDelaware limited liability company

HK New Plan ERP Napoleon GP, LLC, a Delawarelimited liability company

HK New Plan ERP Napoleon, L.P., a Delawarelimited partnership

 

 

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