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EXHIBIT 21.1
 Exucation Realty Trust, Inc., Subsidiary List
 Entity
    
    JurisdictionA
& O/ Acedemic Privatization
    
    TennesseeAllen & OHara Development Company, LLC
    
    DelawareAllen & OHara Education Services, Inc.
    
    DelawareAOD / Raleigh Residence Hall, LLC
    
    TennesseeAODC/CPA, LLC
    
    DelawareAPF EDR, LP
    
    DelawareAPF Food Services, LP
    
    DelawareCape Place (DE), LLC
    
    DelawareCarrolton Place, LLC
    
    GeorgiaClayton Place (DE), LLC
    
    DelawareEDR Athens I, LLC
    
    DelawareEDR Auburn, LLC
    
    DelawareEDR Berkeley Place GP, LLC
    
    DelawareEDR Berkeley Place Limited Partnership
    
    DelawareEDRBGGP,LLC
    
    DelawareEDRBG,LP
    
    DelawareEDR C Station, LLC
    
    DelawareEDR Cayce Manager, Inc.
    
    DelawareEDR Cayce, LLC
    
    DelawareEDR Clemson I GP, Inc.
    
    DelawareEDR Clemson I Limited Partnership
    
    DelawareEDR Clemson Place GP, LLC
    
    DelawareEDR Clemson Place Limited Partnership
    
    DelawareEDR Columbia Limited Partnership
    
    DelawareEDR Columbia, Inc.
    
    DelawareEDR Columbia, LLC
    
    DelawareEDR Columbus Limited Partnership
    
    DelawareEDR Columbus, Inc.
    
    DelawareEDR Columbus, LLC
    
    DelawareEDR Gainesville GP, LLC
    
    DelawareEDR Gainesville Limited Paerntership
    
    FloridaEDR Greensboro, LLC
    
    DelawareEDR Isla Vista JV Investor, LLC
    
    DelawareEDR Isla Vista JV Manager, LLC
    
    DelawareEDR Isla Vista Services Investor, LLC
    
    DelawareEDR Isla Vista Services Manager, LLC
    
    DelawareEDR Knoxville Limited Partnership
    
    DelawareEDRKnoxville,Inc.
    
    DelawareEDR Knoxville, LLC
    
    DelawareEDR Lawrence Limited Partnership
    
    DelawareEDR Lawrence, Inc.
    
    DelawareEDR Lawrence, LLC
    
    DelawareEDR Lease Holdings, LLC
    
    DelawareEDR Limpar, LLC
    
    DelawareEDR Lubbock Limited Partnership
    
    DelawareEDR Lubbock, Inc.
    
    DelawareEDR Lubbock, LLC
    
    DelawareEDR Murfreesboro, LLC
    
    DelawareEDR Norman, LLC
    
    DelawareEDR Orlando Limited Partnership
    
    DelawareEDR Orlando, Inc.
    
    DelawareEDR Orlando, LLC
    
    DelawareEDR Oxford, LLC
    
    DelawareEDR Riverside, LLC
    
    DelawareEDR State College, Inc.
    
    DelawareEDR State College Limited Partnership
    
    DelawareEDR State College, LLC
    
    DelawareEDR Statesboro, LLC
    
    Delaware




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Entity
    
    JurisdictionEDR Stillwater, Inc.
    
    DelawareEDR Stillwater Limited Partnership
    
    DelawareEDR Stillwater, LLC
    
    DelawareEDR Tallahassee I, LLC
    
    DelawareEDR Tallahassee, Inc.
    
    DelawareEDR Tallahassee Limited Partnership
    
    DelawareEDR Tallahassee, LLC
    
    DelawareEDR Tampa, Inc.
    
    DelawareEDR Tampa Limited Partnership
    
    DelawareEDR Tampa, LLC
    
    DelawareEDR Tharpe, Inc.
    
    DelawareEDR Tharpe Limited Partnership
    
    DelawareEDR Tharpe, LLC
    
    DelawareEDR Tucson I, LLC
    
    DelawareEDR Tucson, Inc.
    
    DelawareEDR Tucson, LLC
    
    DelawareEDR Tucson Phase II Limited Partnership
    
    DelawareEDR Wabash, Inc.
    
    DelawareEDR Wabash Limited Partnership
    
    DelawareEDR Wabash, LLC
    
    DelawareEDR Western Michigan, Inc.
    
    DelawareEDR Western Michigan Limited Partnership
    
    DelawareEDR Western Michigan, LLC
    
    DelawareEducation Realty Limited Partner, LLC
    
    DelawareEducation Realty Operating Partnership, LP
    
    DelawareEducation Realty OP GP, Inc.
    
    DelawareEducation Realty OP Limited Partnership Trust
    
    MarylandEducation Realty Trust, LLC
    
    DelawareHines/AOES, LLC
    
    AlabamaJacksonville Place (DE), LLC
    
    DelawareMacon Place (DE), LLC
    
    DelawareMartin Place (DE), LLC
    
    DelawareMurray Place (DE), LLC
    
    DelawareNational Development/Allen & OHara Bloomsburg LLC
    
    PennsylvaniaNational Development/Allen & OHara Clarion LLC
    
    PennsylvaniaNational Development/Allen & OHara CUPA, LLC
    
    PennsylvaniaNational Development/Allen & OHara Lock Haven LLC
    
    PennsylvaniaRiver Place (DE), LLC
    
    DelawareSalisbury Student Apartment Developers, LLC
    
    MarylandSalisbury Student Apartment Development Joint Venture
    
    TennesseeStatesboro Place, LLC
    
    GeorgiaTroy Place(DE), LLC
    
    DelawareULAD.LLC,
    
    KentuckyUniversity Towers Building, LLC
    
    North CarolinaUniversity Towers Operating Partnership, LP
    
    DelawareUniversity Towers OP GP, LLC
    
    DelawareUniversity Towers Raleigh, LLC
    
    North CarolinaUniversity Towers Raleigh Services, LLC
    
    North CarolinaUniversity Village  Greensboro, LLC
    
    DelawareWEDR Riverside Investors V, L.L.C.
    
    DelawareWEDR Riverside Mezz Investor V, L.L.C.
    
    DelawareWEDR Stinson Investors V, L.L.C.
    
    DelawareWestern Place, LLC
    
    Georgia