**Exhibit21.1**

 

**GOLFTRUST OF AMERICA, INC.LIST OF SUBSIDIARIES**

 
| GTA GP, Inc., a Maryland corporation                                                                            |
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| GTA LP, Inc., a Maryland corporation                                                                            |
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| Golf Trust of America, L.P., a Delaware limited partnership in which  GTA GP, Inc. is the sole general partner. |
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| Sandpiper—Golf Trust, LLC, a California limited liability company  (Sold June 17, 2003)                         |
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| GTA—Tierra Del Sol, LLC, a South Carolina limited liability company                                             |
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| GTA—Osage, LLC, a South Carolina limited liability company  *(dissolved effective April 29, 2003)*         |
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| GTA—Palm Desert, LLC, a South Carolina limited liability company                                                |
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| GTA—Brentwood, LLC, a South Carolina limited liability company  *(dissolved effective April 29, 2003)*     |
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| GTA—Management, LLC, a South Carolina limited liability company                                                 |
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| GTA—Sweetwater, LLC, a South Carolina limited liability company  *(dissolved effective April 29, 2003)*    |
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| GTA—Wekiva, LLC, a South Carolina limited liability company                                                     |
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| GTA—Cypress Creek, LLC, a South Carolina limited liability company                                              |
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| GTA—Polo Trace, LLC, a South Carolina limited liability company  *(dissolved effective April 29, 2003)*    |
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| GTA—Black Bear, LLC, a South Carolina limited liability company                                                 |
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| GTA—Bonaventure, LLC, a South Carolina limited liability company                                                |
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| GTA—Pete Dye, LLC, a South Carolina limited liability company                                                   |
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| GTA—Mystic Creek, LLC, a South Carolina limited liability company                                               |
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| GTA—Stonehenge, LLC, a South Carolina limited liability company                                                 |
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| GTA—Lost Oaks, LLC, a South Carolina limited liability company                                                  |
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| GTA—Innisbrook, LLC, a South Carolina limited liability company                                                 |
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| GTA – IB, LLC, a Florida limited liability company                                                              |
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| GTA – IB Operations, LLC, a Florida limited liability company                                                   |
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| GTA – IB Management, LLC, a Florida limited liability company                                                   |
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| GTA – IB Condominium, LLC, a Florida limited liability company                                                  |
|                                                                                                                 |
| GTA – IB Golf Resort, LLC, a Florida limited liability company                                                  |

 

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