**Exhibit 21.1**

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**GOLF TRUST OFAMERICA, INC.LIST OF SUBSIDIARIES**

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

 

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