Exhibit 21.1

List of Subsidiaries



|     |  |                                          |  |               
|---- |  | ---------------------------------------- |  | --------------
|Name |  | State of Incorporationor Organization   
|1.   |  | Buckhead Overlook, LLC                   |  | Georgia       
|2.   |  | Comstock Acquisitions, L.C.              |  | Virginia      
|3.   |  | Comstock Aldie, L.C.                     |  | Virginia      
|4.   |  | Comstock Barrington Park, L.C.           |  | Virginia      
|5.   |  | Comstock Bellemeade, L.C.                |  | Virginia      
|6.   |  | Comstock Belmont Bay 5, L.C.             |  | Virginia      
|7.   |  | Comstock Belmont Bay 89, L.C.            |  | Virginia      
|8.   |  | Comstock Blooms Mill II, L.C.            |  | Virginia      
|9.   |  | Comstock Brandy Station, L.C.            |  | Virginia      
|10.  |  | Comstock Carter Lake, L.C.               |  | Virginia      
|11.  |  | Comstock Cascades, L.C.                  |  | Virginia      
|12.  |  | Comstock Communities, L.C.               |  | Virginia      
|13.  |  | Comstock Countryside, L.C.               |  | Virginia      
|14.  |  | Comstock Delta Ridge II, L.L.C.          |  | Virginia      
|15.  |  | Comstock East Capitol, L.L.C.            |  | Virginia      
|16.  |  | Comstock Emerald Farm, L.C.              |  | Virginia      
|17.  |  | Comstock Fairfax I, L.C.                 |  | Virginia      
|18.  |  | Comstock Flynns Crossing, L.C.          |  | Virginia      
|19.  |  | Comstock Hamlets of Blue Ridge, L.C.     |  | Virginia      
|20.  |  | Comstock Holland Road, L.L.C.            |  | Virginia      
|21.  |  | Comstock Homes of Atlanta, LLC           |  | Georgia       
|22.  |  | Comstock Homes of North Carolina, L.L.C. |  | North Carolina
|23.  |  | Comstock Homes of Raleigh, L.L.C.        |  | North Carolina
|24.  |  | Comstock Homes of Washington, L.C.       |  | Virginia      
|25.  |  | Comstock James Road, L.L.C.              |  | Georgia       
|26.  |  | Comstock Kelton II, L.C.                 |  | Virginia      
|27.  |  | Comstock Lake Pelham, L.C.               |  | Virginia      
|28.  |  | Comstock Landing, L.L.C.                 |  | Virginia      
|29.  |  | Comstock Loudoun Condos 1, L.C.          |  | Virginia      
|30.  |  | Comstock Massey Preserve, L.L.C.         |  | Virginia      
|31.  |  | Comstock North Carolina, L.L.C.          |  | North Carolina
|32.  |  | Comstock Penderbrook, L.C.               |  | Virginia      
|33.  |  | Comstock Potomac Yard, L.C.              |  | Virginia      
|34.  |  | Comstock Realty, LLC                     |  | Georgia       
|35.  |  | Comstock Ryan Park, L.C.                 |  | Virginia      
|36.  |  | Comstock Sherbrooke, L.C.                |  | Virginia      
|37.  |  | Comstock Station View, L.C.              |  | Virginia      
|38.  |  | Comstock Summerland, L.C.                |  | Virginia      
|39.  |  | Comstock Wakefield, L.L.C.               |  | Virginia      
|40.  |  | Comstock Wakefield II, L.L.C.            |  | Virginia      
|41.  |  | Culpeper Commercial, L.C.                |  | Virginia      
|42.  |  | Highland Avenue Properties, LLC          |  | Georgia       
|43.  |  | Highland Station Partners, LLC           |  | Georgia       
|44.  |  | Mathis Partners, LLC                     |  | Georgia       
|45.  |  | North Shore Raleigh II, L.L.C.           |  | Virginia      
|46.  |  | Post Preserve, LLC                       |  | Georgia       
|47.  |  | Raleigh Resolution, L.L.C.               |  | Virginia      
|48.  |  | Settlement Title Services, L.L.C.        |  | Virginia      
|49.  |  | TCG Debt Fund II, L.C.                   |  | Virginia      
|50.  |  | TCG Fund I, L.C.                         |  | Virginia      
|51.  |  | Tribble Road Development, LLC            |  | Georgia       
|52.  |  | Comstock Cascades II, L.C                |  | Virginia      
|53.  |  | Comstock Ventures XVI, L.C.              |  | Virginia      
|54.  |  | New Hampshire Ave. Ventures, L.L.C.      |  | Virginia      
|55.  |  | W. Street Ventures, L.L.C.               |  | Virginia      
|56.  |  | Comstock Property Management, L.C.       |  | Virginia      
|57.  |  | Comstock Services, L.C.                  |  | Virginia