Exhibit 8.1

LIST OF SUBSIDIARIES OF THE REGISTRANT



|                                  |  |                                               |  |                                  
|--------------------------------- |  | --------------------------------------------- |  | ---------------------------------
|Subsidiary                        |  | Jurisdiction of
Incorporation or Organization |  | Name Under Which
Business is Done
|Equity One, Inc.                  |  | Maryland                                      |  | Equity One, Inc.                 
|MGN (USA), Inc.                   |  | Nevada                                        |  | MGN (USA), Inc.                  
|MGN America, LLC                  |  | Delaware                                      |  | MGN America, LLC                 
|Gazit (1995), Inc.                |  | Nevada                                        |  | Gazit (1995), Inc.               
|Gazit First Generation LLC        |  | Delaware                                      |  | Gazit First Generation LLC       
|Gazit Group USA, Inc.             |  | Florida                                       |  | Gazit Group USA, Inc.            
|MGN Icarus, LLC                   |  | Florida                                       |  | MGN Icarus, LLC                  
|Gazit Group South America, Inc.   |  | Nevada                                        |  | Gazit Group South America, Inc.  
|Gazit South America, LP           |  | Delaware                                      |  | Gazit South America, LP          
|Gazit Senior Care, Inc.           |  | Florida                                       |  | Gazit Senior Care, Inc.          
|ProMed Properties, Inc.           |  | Delaware                                      |  | ProMed Properties, Inc.          
|Royal Senior Care, LLC            |  | Florida                                       |  | Royal Senior Care, LLC           
|RSC Ashford Court, LLC            |  | Florida                                       |  | RSC Ashford Court, LLC           
|RSC Jacksonville Beach, LLC       |  | Florida                                       |  | RSC Jacksonville Beach, LLC      
|RSC Atrium, LLC                   |  | Florida                                       |  | RSC Atrium, LLC                  
|RSC Boca, LLC                     |  | Florida                                       |  | RSC Boca, LLC                    
|RSC Remington, LLC                |  | Florida                                       |  | RSC Remington, LLC               
|RSC Conyers, LLC                  |  | Florida                                       |  | RSC Conyers, LLC                 
|RSC Plantation, LLC               |  | Florida                                       |  | RSC Plantation, LLC              
|RSC Loganville, LLC               |  | Florida                                       |  | RSC Loganville, LLC              
|RSC Heron East, LLC               |  | Florida                                       |  | RSC Heron East, LLC              
|RSC Sarasota HE, LLC              |  | Florida                                       |  | RSC Sarasota HE, LLC             
|RSC Heron House, LLC              |  | Florida                                       |  | RSC Heron House, LLC             
|RSC Sarasota HH, LLC              |  | Florida                                       |  | RSC Sarasota HH, LLC             
|RSC Lake Mary, LLC                |  | Florida                                       |  | RSC Lake Mary, LLC               
|Lake Mary Senior Living, LLC      |  | Florida                                       |  | Lake Mary Senior Living, LLC     
|RSC Gardens at Plantation, LLC    |  | Florida                                       |  | RSC Gardens at Plantation, LLC   
|RSC Palmer Club LLC               |  | Florida                                       |  | RSC Palmer Club LLC              
|RSC Sarasota PC LLC               |  | Florida                                       |  | RSC Sarasota PC LLC              
|ProMed Property Management, Inc.  |  | Florida                                       |  | ProMed Property Management, Inc. 
|ProMed Acquisition, Inc.          |  | Florida                                       |  | ProMed Acquisition, Inc.         
|ProMed HUMC, LLC                  |  | Delaware                                      |  | ProMed HUMC, LLC                 
|ProMed Kendall, LLC               |  | Florida                                       |  | ProMed Kendall, LLC              
|ProMed Kendall Parking, LLC       |  | Florida                                       |  | ProMed Kendall Parking, LLC      
|ProMed Market, LLC                |  | Delaware                                      |  | ProMed Market, LLC               
|ProMed Sunset, LLC                |  | Florida                                       |  | ProMed Sunset, LLC               
|ProMed Westchester 220-230, LLC   |  | Delaware                                      |  | ProMed Westchester 220-230, LLC  
|ProMed Westchester 244, LLC       |  | Delaware                                      |  | ProMed Westchester 244, LLC      
|ProMed Westchester 250, LLC       |  | Delaware                                      |  | ProMed Westchester 250, LLC      
|ProMed Corinthian LLC             |  | New York                                      |  | ProMed Corinthian LLC            
|ProMed Tupper LLC                 |  | Delaware                                      |  | ProMed Tupper LLC                
|ProMed Manhattan LLC              |  | New York                                      |  | ProMed Manhattan LLC             
|ProMed Biewend LLC                |  | Delaware                                      |  | ProMed Biewend LLC               
|ProMed 3333 N Calvert Street, LLC |  | Delaware                                      |  | ProMed 3333 N Calvert Street, LLC
|Gazit Acquisition Corp.           |  | Florida                                       |  | Gazit Acquisition Corp.          
|Silver Maple (2001), Inc.         |  | Delaware                                      |  | Silver Maple (2001), Inc.        
|Ficus, Inc.                       |  | Delaware                                      |  | Ficus, Inc.                      
|Gazit Canada Inc.                 |  | Ontario, Canada                               |  | Gazit Canada Inc.                
|Gazit 2003 Inc.                   |  | Ontario, Canada                               |  | Gazit 2003 Inc.                  



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|                                                                                                    |  |                 |  |                                                                                                    
|--------------------------------------------------------------------------------------------------- |  | --------------- |  | ---------------------------------------------------------------------------------------------------
|First Capital Realty Inc.                                                                           |  | Ontario, Canada |  | First Capital Realty Inc.                                                                          
|Gazit America Inc.                                                                                  |  | Ontario, Canada |  | Gazit America Inc.                                                                                 
|Gazit Energy Inc.                                                                                   |  | Ontario, Canada |  | Gazit Energy Inc.                                                                                  
|Gazit Acquisition Inc.                                                                              |  | Ontario, Canada |  | Gazit Acquisition Inc.                                                                             
|Gazit Energy Limited Partnership                                                                    |  | Ontario, Canada |  | Gazit Energy Limited Partnership                                                                   
|Gazit Europe (Netherlands)                                                                          |  | The Netherlands |  | Gazit Europe (Netherlands)                                                                         
|Gazit Europe (Asia)                                                                                 |  | The Netherlands |  | Gazit Europe (Asia)                                                                                
|Biking Home B.V.                                                                                    |  | The Netherlands |  | Biking Home B.V.                                                                                   
|Citycon Oyj.                                                                                        |  | Finland         |  | Citycon Oyj.                                                                                       
|Atrium European Real Estate Limited                                                                 |  | Jersey Island   |  | Atrium European Real Estate Limited                                                                
|Gazit Midas Limited                                                                                 |  | Jersey Island   |  | Gazit Midas Limited                                                                                
|Gazit Gaia Limited                                                                                  |  | Jersey Island   |  | Gazit Gaia Limited                                                                                 
|Gazit CPI Holdings Limited                                                                          |  | Jersey Island   |  | Gazit CPI Holdings Limited                                                                         
|Gazit Germany Beteiligungs GmbH & Co. KG                                                            |  | Germany         |  | Gazit Germany Beteiligungs GmbH & Co. KG                                                           
|Gazit Germany Development GmbH                                                                      |  | Germany         |  | Gazit Germany Development GmbH                                                                     
|Gazit Germany Asset Management GmbH                                                                 |  | Germany         |  | Gazit Germany Asset Management GmbH                                                                
|VELAYA Vermögensverwaltung mbH                                                                      |  | Germany         |  | VELAYA Vermögensverwaltung mbH                                                                     
|Gazit Immobilien Tonndorf GmbH                                                                      |  | Germany         |  | Gazit Immobilien Tonndorf GmbH                                                                     
|TONDO Projektentwicklungs GmbH & Co. KG                                                             |  | Germany         |  | TONDO Projektentwicklungs GmbH & Co. KG                                                            
|Gazit Tonndorf Komplementär GmbH                                                                    |  | Germany         |  | Gazit Tonndorf Komplementär GmbH                                                                   
|Gazit Immobilien Wentorf GmbH                                                                       |  | Germany         |  | Gazit Immobilien Wentorf GmbH                                                                      
|Casinopark Wentorf GmbH & Co. KG                                                                    |  | Germany         |  | Casinopark Wentorf GmbH & Co. KG                                                                   
|Gazit Wentorf Komplementär GmbH                                                                     |  | Germany         |  | Gazit Wentorf Komplementär GmbH                                                                    
|cor F Erste GmbH & Co. KG                                                                           |  | Germany         |  | cor F Erste GmbH & Co.. KG                                                                         
|mertus 85. GmbH                                                                                     |  | Germany         |  | mertus 85. GmbH                                                                                    
|mertus 75. GmbH                                                                                     |  | Germany         |  | mertus 75. GmbH                                                                                    
|Gazit Immobilien Grevenbroich GmbH                                                                  |  | Germany         |  | Gazit Immobilien Grevenbroich GmbH                                                                 
|Gazit Immobilien Grevenbroich GmbH & Co. KG                                                         |  | Germany         |  | Gazit Immobilien Grevenbroich GmbH & Co. KG                                                        
|Gazit Grevenbroich Komplementär GmbH                                                                |  | Germany         |  |                                                                                                    
|Gazit Immobilien Motorama München GmbH                                                              |  | Germany         |  | Gazit Immobilien Motorama München GmbH                                                             
|Motorama München GmbH & Co. KG                                                                      |  | Germany         |  | Motorama München GmbH & Co. KG                                                                     
|Motorama München Komplementär GmbH                                                                  |  | Germany         |  | Motorama München Komplementär GmbH                                                                 
|Gazit Immobilien Berlin-Kladow GmbH                                                                 |  | Germany         |  | Gazit Immobilien Berlin-Kladow GmbH                                                                
|K.O.O.P. Bauplanungs- und Entwicklungsgesellschaft mit beschränkter Haftung & Co. Eichelmatenweg KG |  | Germany         |  | K.O.O.P. Bauplanungs- und Entwicklungsgesellschaft mit beschränkter Haftung & Co. Eichelmatenweg KG
|Gazit Berlin-Kladow Komplementär GmbH                                                               |  | Germany         |  | Gazit Berlin-Kladow Komplementär GmbH                                                              
|Gazit Immobilien Kaltenkirchen GmbH                                                                 |  | Germany         |  | Gazit Immobilien Kaltenkirchen GmbH                                                                
|Gazit Immobilien Kaltenkirchen GmbH & Co. KG                                                        |  | Germany         |  | Gazit Immobilien Kaltenkirchen GmbH & Co. KG                                                       
|Gazit Kaltenkirchen Komplementär GmbH                                                               |  | Germany         |  | Gazit Kaltenkirchen Komplementär GmbH                                                              
|Gazit Immobilien Friedrichsdorf GmbH                                                                |  | Germany         |  | Gazit Immobilien Friedrichsdorf GmbH                                                               
|Gazit 1. Immobilien Friedrichsdorf GmbH & Co. KG                                                    |  | Germany         |  | Gazit 1. Immobilien Friedrichsdorf GmbH & Co. KG                                                   
|Gazit 2. Immobilien Friedrichsdorf GmbH & Co. KG                                                    |  | Germany         |  | Gazit 2. Immobilien Friedrichsdorf GmbH & Co. KG                                                   
|Gazit Friedrichsdorf Komplementär GmbH                                                              |  | Germany         |  | Gazit Friedrichsdorf Komplementär GmbH                                                             
|Gazit Immobilien Gütersloh GmbH                                                                     |  | Germany         |  | Gazit Immobilien Gütersloh GmbH                                                                    
|Gazit 1. Immobilien Gütersloh GmbH & Co. KG                                                         |  | Germany         |  | Gazit 1. Immobilien Gütersloh GmbH & Co. KG                                                        
|Gazit Gütersloh Komplementär GmbH                                                                   |  | Germany         |  | Gazit Gütersloh Komplementär GmbH                                                                  
|Gazit Immobilien Fachmarktzentrum Groß Gerau GmbH                                                   |  | Germany         |  | Gazit Immobilien Fachmarktzentrum Groß Gerau GmbH                                                  



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|                                                       |  |                       |  |                                                       
|------------------------------------------------------ |  | --------------------- |  | ------------------------------------------------------
|GG 1 Immobilien GmbH & Co. KG                          |  | Germany               |  | GG 1 Immobilien GmbH & Co. KG                         
|GG 2 Immobilien GmbH & Co. KG                          |  | Germany               |  | GG 2 Immobilien GmbH & Co. KG                         
|Gazit Immobilien Groß Gerau Komplementär GmbH          |  | Germany               |  | Gazit Immobilien Groß Gerau Komplementär GmbH         
|VUSKA Vermögensverwaltungs-gesellschaft mbH            |  | Germany               |  | VUSKA Vermögensverwaltungs-gesellschaft mbH           
|Gazit 7. Immobilien GmbH                               |  | Germany               |  | Gazit 7. Immobilien GmbH                              
|Gazit 11. Immobilien GmbH                              |  | Germany               |  | Gazit 11. Immobilien GmbH                             
|Gazit Brasil Ltda.                                     |  | Sao Paulo, Brazil     |  | Gazit Brasil Ltda.                                    
|Morumbi Town Center Empreendimentos Imobiliários Ltda. |  | Sao Paulo, Brazil     |  | Morumbi Town Center Empreendimentos Imobiliários Ltda.
|Shopping Caxias Empreendimentos Imobiliários Ltda.     |  | Sao Paulo, Brazil     |  | Shopping Caxias Empreendimentos Imobiliários Ltda.    
|Zeed Empreendimentos Imobiliários Ltda.                |  | Sao Paulo, Brazil     |  | Zeed Empreendimentos Imobiliários Ltda.               
|Gazit Corporate Empreendimentos Imobiliários Ltda.     |  | Sao Paulo, Brazil     |  | Gazit Corporate Empreendimentos Imobiliários Ltda.    
|Nidas Empreendimentos Imobiliários Ltda.               |  | Sao Paulo, Brazil     |  | Nidas Empreendimentos Imobiliários Ltda.              
|Chamam Empreendimentos Imobiliários Ltda.              |  | Sao Paulo, Brazil     |  | Chamam Empreendimentos Imobiliários Ltda.             
|Gazit Participações Empreendimentos Imobiliários Ltda. |  | Sao Paulo, Brazil     |  | Gazit Participações Empreendimentos Imobiliários Ltda.
|Clavas Empreendimentos Imobiliários Ltda.              |  | Sao Paulo, Brazil     |  | Clavas Empreendimentos Imobiliários Ltda.             
|Ganaz Empreendimentos Imobiliários Ltda.               |  | Sao Paulo, Brazil     |  | Ganaz Empreendimentos Imobiliários Ltda.              
|Gazit Globe Mauritius                                  |  | Port Louis, Mauritius |  | Gazit Globe Mauritius                                 
|BADA                                                   |  | Israel                |  | BADA                                                  
|Gazit Globe Holdings (1992) , Ltd.                     |  | Israel                |  | Gazit Globe Holdings (1992) , Ltd.                    
|Dinariv 52, Ltd.                                       |  | Israel                |  | Dinariv 52, Ltd.                                      
|Gazit- Globe Israel (Development) Ltd.                 |  | Israel                |  | Gazit- Globe Israel (Development) Ltd.                
|Acad Building & Investments Ltd.                       |  | Israel                |  | Acad Building & Investments Ltd.                      
|Acad Supply & Assets (1979) Ltd.                       |  | Israel                |  | Acad Supply & Assets (1979) Ltd.                      
|U. Dori Group Ltd.                                     |  | Israel                |  | U. Dori Group Ltd.                                    
|U. Dori Building Ltd.                                  |  | Israel                |  | U. Dori Building Ltd.                                 
|U. Dori Infrastructure & Energy Ltd.                   |  | Israel                |  | U. Dori Infrastructure & Energy Ltd.                  
|U. Dori initiation, Ltd.                               |  | Israel                |  | U. Dori initiation, Ltd.                              
|I.T.R. Dori B.V.                                       |  | The Netherlands       |  | I.T.R. Dori B.V.                                      
|Heart of the Gulf Ltd.                                 |  | Israel                |  | Heart of the Gulf Ltd.                                
|Heart of the Gulf Assets (1994) Ltd.                   |  | Israel                |  | Heart of the Gulf Assets (1994) Ltd.                  
|GLA Asset Management Ltd.                              |  | Israel                |  | GLA Asset Management Ltd.                             
|GLA Center (Afula), Ltd.                               |  | Israel                |  | GLA Center (Afula), Ltd.                              
|GLA Micado Center, Ltd.                                |  | Israel                |  | GLA Micado Center, Ltd.                               
|GLA TABA 1750, Ltd.                                    |  | Israel                |  | GLA TABA 1750, Ltd.                                   
|GLA India, Ltd.                                        |  | Israel                |  | GLA India, Ltd.                                       
|G Israel Commercial Centers Ltd.                       |  | Israel                |  | G Israel Commercial Centers Ltd.                      
|G Kfar Saba Ltd.                                       |  | Israel                |  | G Kfar Saba Ltd.                                      
|G West Ltd.                                            |  | Israel                |  | G West Ltd.                                           
|G. M Area Real Estate & Building Ltd.                  |  | Israel                |  | G. M Area Real Estate & Building Ltd.                 
|G-Netherlands B.V.                                     |  | The Netherlands       |  | G-Netherlands B.V.                                    
|G. Globe Development, Ltd.                             |  | Israel                |  | G. Globe Development, Ltd.                            
|G-Bulgaria EAD                                         |  | Bulgaria              |  | G-Bulgaria EAD                                        
|G- Macedonia AD                                        |  | Macedonia             |  | G- Macedonia AD                                       
|Plovdiv Retail Center EAD                              |  | Bulgaria              |  | Plovdiv Retail Center EAD                             
|Trident AD                                             |  | Bulgaria              |  | Trident AD