Exhibit 21.1
Subsidiaries of Registrant
| Property Name | State Organization | |
| Lightstone Value Plus REIT, LP | Delaware | |
| 50-01 2nd Street Associates LLC | Delaware | |
| 50-01 2nd Street Associates Holdings LLC | Delaware | |
| 50-01 2nd Street Development LLC | Delaware | |
| LVP OP Hold Co LLC | Delaware | |
| LVP OP Hold Co II LLC | Delaware | |
| LVP OP Hold Co III LLC | Delaware | |
| LVP OP Holdings Corp. | Delaware | |
| Bowery Street Associates LLC | Delaware | |
| Columbus Portfolio Member LLC | Delaware | |
| Jones Road Investor Member LLC | Delaware |