Exhibit 21



G&L Realty Corp.

List of
Subsidiaries

October 31, 2003



|1. |  | G&L Hampden, Inc., a Delaware corporation
|-- |  | -----------------------------------------

|2. |  | G&L Hampden, LLC a Delaware limited liability company
|-- |  | -----------------------------------------------------

|3. |  | G&L Realty Partnership, L.P., a Delaware limited partnership
|-- |  | ------------------------------------------------------------

|4. |  | G&L Medical, Inc., a Delaware corporation
|-- |  | -----------------------------------------

|5. |  | G&L Gardens, LLC, an Arizona limited liability company
|-- |  | ------------------------------------------------------

|6. |  | G&L Senior Care, Inc., a Delaware corporation
|-- |  | ---------------------------------------------

|7. |  | G&L Medical Partnership, L.P., a Delaware limited partnership
|-- |  | -------------------------------------------------------------

|8. |  | G&L Grabel San Pedro, LLC
|-- |  | -------------------------

|9. |  | G&L Burbank, LLC
|-- |  | ----------------

|10. |  | G&L Burbank Managers Corp., a California corporation
|--- |  | ----------------------------------------------------

|11. |  | G&L Holy Cross, LLC
|--- |  | -------------------

|12. |  | G&L Holy Cross Managers Corp., a California corporation
|--- |  | -------------------------------------------------------

|13. |  | G&L Tustin, LLC
|--- |  | ---------------

|14. |  | G&L Tustin Managers Corp., a California corporation
|--- |  | ---------------------------------------------------

|15. |  | G&L Valencia, LLC
|--- |  | -----------------

|16. |  | G&L Penasquitos, LLC
|--- |  | --------------------

|17. |  | GLH Pacific Gardens, LLC
|--- |  | ------------------------

|18. |  | G&L Hoquiam, LLC
|--- |  | ----------------

|19. |  | G&L Lyons, LLC
|--- |  | --------------

|20. |  | G&L Coronado (1998), LLC
|--- |  | ------------------------

|21. |  | G&L Parsons on Eagle Run, LLC
|--- |  | -----------------------------

|22. |  | G&L Parsons on Eagle Run, Inc.
|--- |  | ------------------------------

|23. |  | Lakeview Associates, LLC
|--- |  | ------------------------

|24. |  | Tustin Heritage Place, LLC
|--- |  | --------------------------

|25. |  | G&L Massachusetts, LLC
|--- |  | ----------------------

|26. |  | G&L Aspen, LLC
|--- |  | --------------

|27. |  | G&L Tustin II, LLC
|--- |  | ------------------

|28. |  | G&L Tustin III, LLC
|--- |  | -------------------

|29. |  | G&L Senior Care Partnership, L.P.
|--- |  | ---------------------------------

|30. |  | G&L St. Thomas More, Inc.
|--- |  | -------------------------

|31. |  | St. Thomas More, Inc.
|--- |  | ---------------------

|32. |  | G&L Radius Realty, LLC
|--- |  | ----------------------

|33. |  | GLR/Yorba Linda, LLC
|--- |  | --------------------

|34. |  | GLH Tarzana, LLC
|--- |  | ----------------

|35. |  | 405 Bedford, LLC
|--- |  | ----------------

|36. |  | 415 Bedford, LLC
|--- |  | ----------------

|37. |  | 416 Bedford, LLC
|--- |  | ----------------

|38. |  | 435 Bedford, LLC
|--- |  | ----------------

|39. |  | G&L 436 Bedford, LLC
|--- |  | --------------------

|40. |  | G&L Sherman Oaks, LLC
|--- |  | ---------------------

|41. |  | G&L 4150 Regents, LLC
|--- |  | ---------------------