EXHIBIT 21.1

SUBSIDIARIES OF THE REGISTRANT

|Name of Subsidiaries              |  |  |  | State of Incorporation or Organization
|--------------------------------- |  |  |  | --------------------------------------
|ACP Fitness
Center, LLC           |  |  |  | Georgia                               
|C/Dallas I,
Inc.                  |  |  |  | Delaware                              
|C/Dallas II,
Inc.                 |  |  |  | Delaware                              
|CR Decoverly
15200, LLLP          |  |  |  | Maryland                              
|CR Decoverly
15204, LLLP          |  |  |  | Maryland                              
|CR Decoverly
9501, LLLP           |  |  |  | Maryland                              
|CR Decoverly
9509, LLLP           |  |  |  | Maryland                              
|CR Decoverly,
LLC                 |  |  |  | Maryland                              
|CRT ACP,
LLC                      |  |  |  | Delaware                              
|CRT Acquisition,
LLC              |  |  |  | Florida                               
|CRT Baymeadows,
Ltd.              |  |  |  | Florida                               
|CRT BFC GP,
LLC                   |  |  |  | Florida                               
|CRT BFC,
Ltd.                     |  |  |  | Florida                               
|CRT BM GP,
LLC                    |  |  |  | Delaware                              
|CRT BMWCX,
Ltd.                   |  |  |  | Florida                               
|CRT Dallas I
Limited Partnership  |  |  |  | Delaware                              
|CRT Dallas II
Limited Partnership |  |  |  | Delaware                              
|CRT ELO GP,
LLC                   |  |  |  | Delaware                              
|CRT Germantown
GP, Inc.           |  |  |  | Delaware                              
|CRT Germantown,
LP                |  |  |  | Delaware                              
|CRT Las Olas GP,
LLC              |  |  |  | Delaware                              
|CRT Las Olas,
LP                  |  |  |  | Delaware                              
|CRT Management,
LLC               |  |  |  | Florida                               
|CRT McGinnis
Park, LLC            |  |  |  | Florida                               
|CRTP OP
LP                        |  |  |  | Delaware                              
|CRT Post Oak
Limited Partnership  |  |  |  | Delaware                              
|CRT Post Oak,
Inc.                |  |  |  | Delaware                              
|CRT PR
Management, Inc.           |  |  |  | Delaware                              
|CRT Ravinia,
LLC                  |  |  |  | Delaware                              
|CRT Real Estate
Services, Inc.    |  |  |  | Florida                               
|CRT Realty
Services, Inc.         |  |  |  | Florida                               
|CRT Signature
Place GP, LLC       |  |  |  | Delaware                              
|CRT Signature
Place, LP           |  |  |  | Delaware                              
|CRT Texas GP,
LLC                 |  |  |  | Delaware                              
|CRT Texas,
LP                     |  |  |  | Delaware                              
|CRT WC GP,
LLC                    |  |  |  | Delaware                              
|CRT Westchase,
LP                 |  |  |  | Delaware                              
|CRT WPB
Cityplace, LLC            |  |  |  | Florida                               
|CRT WPB
Cityplace, Ltd.           |  |  |  | Florida                               
|CRT/McGinnis
Office, LLC          |  |  |  | Florida                               
|CRT/McGinnis
Office, Ltd.         |  |  |  | Florida                               
|CRT/McGinnis
Undeveloped, LLC     |  |  |  | Florida                               
|CRT/McGinnis
Undeveloped, Ltd.    |  |  |  | Florida                               
|CRTP GP,
LLC                      |  |  |  | Delaware                              

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EXHIBIT 21.1 (continued)

|Name of Subsidiaries                           |  |  |  | State of Incorporation or Organization
|---------------------------------------------- |  |  |  | --------------------------------------
|CRT-Vanguard
Partners, L.P.                    |  |  |  | Delaware                              
|CTA Partners,
LP                               |  |  |  | Delaware                              
|ELO Associates
II, Ltd.                        |  |  |  | Florida                               
|McGinnis Park,
Ltd.                            |  |  |  | Florida                               
|Southeast
Properties Holding Corporation, Inc. |  |  |  | Florida                               
|TRC Holdings,
LLC                              |  |  |  | Georgia                               

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