Exhibit 21.1

List of Subsidiaries

Entity NameDomicile
1025 Locust Point Industrial, LLCDelaware
1025 Locust Point Logistics, LLCDelaware
1025 Locust Point Road, LLCDelaware
1045 Locust Point Industrial, LLCDelaware
1045 Locust Point Logistics, LLCDelaware
1045 Locust Point Road, LLCDelaware
3733 EAST 87TH STREET HOLDCO LLCDelaware
8080CHIL001 LLCDelaware
Abilene DC 1, LLCDelaware
Abilene DC 3, LLCDelaware
Abilene DC 4, LLCDelaware
Abilene DC 5, LLCDelaware
Abilene DC 6, LLCDelaware
Abilene DC 7, LLCDelaware
Abilene DC 8, LLCDelaware
Abilene DC Holdco 3 LLCDelaware
Abilene DC Holdco 4 LLCDelaware
Abilene DC Holdco 5 LLCDelaware
Abilene DC Holdco 6 LLCDelaware
Abilene DC Holdco 7 LLCDelaware
Abilene DC Holdco 8 LLCDelaware
Abilene DC Holdco LLCDelaware
ALPA Lender LLCDelaware
AMOKOK001 LLCDelaware
AWHCA Lender LLCDelaware
BACHIL001 LLCDelaware
BCNY Lender LLCDelaware
Blue Owl B3 and B4 Aggregator LLCDelaware
Blue Owl B5 B6 B7 B8 Aggregator LLCDelaware
Blue Owl NL Opportunity Credit BIAL REIT LLCDelaware
Blue Owl NL Opportunity Credit CAOH REIT LLCDelaware
Blue Owl NL Opportunity Credit ELIN REIT LLCDelaware
Blue Owl NL Opportunity Credit FUNY REIT LLCDelaware
Blue Owl NL Opportunity Credit FWIN REIT LLCDelaware
Blue Owl NL Opportunity Credit GJCO REIT LLCDelaware
Blue Owl NL Opportunity Credit GSVA REIT LLCDelaware
Blue Owl NL Opportunity Credit HENV001 REIT LLCDelaware
Blue Owl NL Opportunity Credit HENV002 REIT LLCDelaware
Blue Owl NL Opportunity Credit Holdings REIT LLCDelaware
Blue Owl NL Opportunity Credit HOTX REIT LLCDelaware
Blue Owl NL Opportunity Credit JOAR REIT LLCDelaware
Blue Owl NL Opportunity Credit MCMS REIT LLCDelaware


        2
Blue Owl NL Opportunity Credit MOMI REIT LLCDelaware
Blue Owl NL Opportunity Credit MOMI TRS LLCDelaware
Blue Owl NL Opportunity Credit NLWI REIT LLCDelaware
Blue Owl NL Opportunity Credit NOMO REIT LLCDelaware
Blue Owl NL Opportunity Credit NOMO002 REIT LLCDelaware
Blue Owl NL Opportunity Credit OSWI REIT LLCDelaware
Blue Owl NL Opportunity Credit PAAR REIT LLCDelaware
Blue Owl NL Opportunity Credit PUCO REIT LLCDelaware
Blue Owl NL Opportunity Credit REIT E LLCDelaware
Blue Owl NL Opportunity Credit SENE REIT LLCDelaware
Blue Owl NL Opportunity Credit SHAL REIT LLCDelaware
Blue Owl NL Opportunity Credit SMTN REIT LLCDelaware
Blue Owl NL Opportunity Credit SMTN TRS LLCDelaware
Blue Owl NL Opportunity Credit TOOK REIT LLCDelaware
Blue Owl NL Opportunity Credit WEKS REIT LLCDelaware
Blue Owl NL Opportunity Credit WWNV REIT LLCDelaware
Blue Owl NLT Operating Partnership LPDelaware
Blue Owl ORENT Acquisitions LLCDelaware
Blue Owl Real Estate Exchange Depositor LLCDelaware
Blue Owl Real Estate Exchange IV DSTDelaware
Blue Owl Real Estate Exchange LLCDelaware
Blue Owl Real Estate Exchange Master Lessee II LLCDelaware
Blue Owl Real Estate Exchange Master Lessee III LLCDelaware
Blue Owl Real Estate Exchange Master Lessee IV LLCDelaware
Blue Owl Real Estate Exchange Master Lessee LLCDelaware
Blue Owl Real Estate Exchange Master Lessee V LLCDelaware
Blue Owl Real Estate Exchange TRS LLCDelaware
Blue Owl Real Estate Exchange V DSTDelaware
Blue Owl Real Estate Reverse Exchange Holder LLCDelaware
BO 1001 3rd Ave Lender LLCDelaware
BO 1001 3rd Ave Member LLCDelaware
BO 338 W 36TH LENDER LLCDelaware
BO BMCC Lender LLCDelaware
BO Bryant Park JV Member LLCDelaware
BO Bryant Park Lender LLCDelaware
BO Cocoa Beach Lender LLCDelaware
BO Faraway MV Lender LLCDelaware
BO Forge Lender LLCDelaware
BO HIG-BD Ace Lender LLCDelaware
BO HIG-BD Rally Lender LLCDelaware
BO Hospitality MOA LLCDelaware
BO Innovation Centre Lender LLCDelaware
BO NM ORENT JV Member LLCDelaware
BO NM PE Investments LLCDelaware
BO ORENT Greenwich Lender LLCDelaware


        3
BO ORENT Greenwich Pledgor LLCDelaware
BO ORENT Hawaii Portfolio Lender LLCDelaware
BO ORENT West Pledgor LLCDelaware
BO ORENT West Seller LLCDelaware
BO Poseidon Holdings LLCDelaware
BO Poseidon Junior LLCDelaware
BO Poseidon JV LLCDelaware
BO Poseidon Loan Owner LLCDelaware
BO Saugus Station Lender LLCDelaware
BO T3 Wedgewood Lender LLCDelaware
BO Westover Hills Lender LLCDelaware
BO Westover Hills Pledgor LLCDelaware
BO Wynwood Lender LLCDelaware
BOREC B3 and B4 Aggregator Holdco LLCDelaware
BOREC B3 and B4 Aggregator LLCDelaware
BOREC B5 B6 B7 B8 Aggregator Holdco LLCDelaware
BOREC B5 B6 B7 B8 Aggregator Holdco LLCDelaware
BOREC B5 B6 B7 B8 Master Holdco LLCDelaware
BOREC B5/B6/B7B8 Aggregator Holdco LLCDelaware
BOREC DDC 01 Member LLCDelaware
BOREC DDC 01 ORENT Member LLCDelaware
BOREC Longhorn II B5 B6 B7 B8 Master REIT LLC Delaware
BOREC Longhorn Member LLCDelaware
BOREC Longhorn NLT Aggregator LLCDelaware
BOREC Longhorn NLT Member LLCDelaware
BOREC MACOOH001 NLT MEMBER LLCDelaware
BOREC ORENT Longhorn II Member LLC Delaware
BOREC Spider Member III LLCDelaware
BOREC Spider Member LLCDelaware
BOREC Spider NLT Member III LLCDelaware
BOREC Spider NLT Member LLCDelaware
BORMW QUANTUM SHORE JV LLCDelaware
CB Portfolio Owner DSTDelaware
CBCOTN002 LLCDelaware
CBCRTN001 LLCDelaware
CBLATN001 LLCDelaware
CBLCTN001 LLCDelaware
CBMUTN001 LLCDelaware
CBPFTN001 LLCDelaware
CHNEDE001 LLCDelaware
CHWSNJ001 LLCDelaware
CTP-02 Propco LLCDelaware
CTP-03 Propco LLCDelaware
CTROOK001 LLCDelaware
DG BARNEVELD LLCDelaware


        4
DG ELKMONT LLCDelaware
DG HALEYVILLE LLCDelaware
DG LEESBURG LLCDelaware
DG ORENT Portfolio Owner LLCDelaware
DG SAUQUOIT LLCDelaware
DGACWI001 LLC  Delaware
DGGRWI001 LLCDelaware
DGLSWI001 LLCDelaware
DGPLWI001 LLCDelaware
DGPRWI001 LLCDelaware
DGTYPA001 LLCDelaware
DGTYPA001 SM LLCDelaware
DIB Portfolio Owner 001 LLCDelaware
DOCOON001 Holdings ULCBritish Columbia
DOCOON001 LLCDelaware
ENBHOTX001 LLCDelaware
ES ALIA Owner LLCDelaware
ES ATGA Owner LLCDelaware
ES CAGA Owner LLCDelaware
ES CAWY Owner LLCDelaware
ES CGWI Owner LLCDelaware
ES CHNY Owner LLCDelaware
ES CHWY Owner LLCDelaware
ES COTN Owner LLCDelaware
ES CSCO Owner LLCDelaware
ES FMFL Owner LLCDelaware
ES FOCA Owner LLCDelaware
ES GELA Owner LLCDelaware
ES GUMS Owner LLCDelaware
ES HUTX Owner LPDelaware
ES JOAR Owner LLCDelaware
ES LALA Owner LLCDelaware
ES LCFL Owner LLCDelaware
ES MAAL Owner LLCDelaware
ES MACA Owner LLCDelaware
ES MHNV Owner LLCDelaware
ES MOAL Owner LLCDelaware
ES MOCA Owner LLCDelaware
ES RHGA Owner LLCDelaware
ES SATX Owner LPDelaware
ES SPSC Owner LLCDelaware
ES TROH Owner LLCDelaware
ES TX Owner DSTDelaware
ESFWTX001 LLCDelaware
ESFWTX001 LLCDelaware


        5
ESTX Portfolio Owner GP LLCDelaware
ESTX Portfolio Owner LPDelaware
FF Portfolio Owner 2 LLCDelaware
FLAL Lender LLCDelaware
FLPVTX GP LLCDelaware
FLPVTX Holdco LPDelaware
FLPVTX001 LLCDelaware
GMBEIL001 LLCDelaware
HFAKOH001 LLCDelaware
HILBAOH001 LLCDelaware
HILMTOH001 LLCDelaware
Ivory OSREC OS Aggregator LLCDelaware
Ivory OSREC OS DIP Holdco LLCDelaware
Ivory OSREC OS DIP LLCDelaware
Ivory OSREC OS DIP Waterparks Holdco LLCDelaware
Ivory OSREC OS DIP Waterparks LLCDelaware
Ivory OSREC OS Waterparks Aggregator LLCDelaware
Ivory OSREC OT Investor LLCDelaware
Ivory OSREC OT TRS LLCDelaware
Ivory Parent Waterparks, LLCDelaware
Ivory Parent, LLCDelaware
JCDOAL002 LLCDelaware
JCHCTX001 LLCDelaware
JCIALMO001 LLCDelaware
JCICRRI001 LLCDelaware
JCKCMO001 LLCDelaware
JCLEIN002 LLCDelaware
JCMLCA 002 LLCDelaware
JCPAKS002 LLCDelaware
JCSANC001 LLCDelaware
JCSEWA001 LLCDelaware
JCTANC001 LLCDelaware
LFWPMN001 LLCDelaware
Longhorn JV 3, LLCDelaware
Longhorn JV 4, LLCDelaware
Longhorn JV 5, LLCDelaware
Longhorn JV 6, LLCDelaware
Longhorn JV 7, LLCDelaware
Longhorn JV 8, LLCDelaware
Longhorn JV B3 REIT LLCDelaware
Longhorn JV B4 REIT LLCDelaware
Longhorn JV B5 REIT LLCDelaware
Longhorn JV B6 REIT LLCDelaware
Longhorn JV B7 REIT LLCDelaware
Longhorn JV B8 REIT LLCDelaware


        6
Longhorn JV, LLCDelaware
Longhorn TRS 3, LLCDelaware
Longhorn TRS 4, LLCDelaware
Longhorn TRS 5, LLCDelaware
Longhorn TRS 6, LLCDelaware
Longhorn TRS 7, LLCDelaware
Longhorn TRS 8, LLCDelaware
Longhorn TRS, LLCDelaware
LOPLMI001 DSTDelaware
LOPLMI001 LLCDelaware
LOSTOH001 LLCDelaware
LVBIAL001 LLCDelaware
LVEDKS001 LLCDelaware
LVFUNY001 LLCDelaware
LVFWIN001 LLCDelaware
LVGJCO001 LLCDelaware
LVGSVA001 LLCDelaware
LVHENV001 LLCDelaware
LVHENV002 LLCDelaware
LVHOTX001 LPDelaware
LVJOAR001 LLCDelaware
LVMCMS001 LLCDelaware
LVNLWI001 LLCDelaware
LVNOMO001 LLCDelaware
LVNOMO002 LLCDelaware
LVOSWI001 LLCDelaware
LVP Portfolio Borrower 001 LLCDelaware
LVP Portfolio Master REIT LLCDelaware
LVP Portfolio Owner LLCDelaware
LVP TX Portfolio Owner GP LLCDelaware
LVP TX Portfolio Owner LPDelaware
LVPUCO001 LLCDelaware
LVSHAL001 LLCDelaware
LVTOOK001 LLCDelaware
LVWEKS001 LLCDelaware
LVWWNV001 LLCDelaware
MACOOH001 JV LLCDelaware
MCPAL Lender LLCDelaware
Miner Aggregator, LLCDelaware
Miner Expansion Aggregator LLCDelaware
MGKY001 Owner DSTDelaware
MGKY001 Owner LLCDelaware
MGSC001 LLCDelaware
Miner Net Lease Aggregator LLCDelaware
Mountain DATX002 LLCDelaware


        7
Mountain DATX004 LLCDelaware
Mountain DATX005 LLCDelaware
Mountain Holding NLT LLCDelaware
Mountain IRTX001 LLCDelaware
Mountain METX001 LLCDelaware
Mountain Portfolio Owner AR LLCDelaware
Mountain Portfolio Owner LA LLCDelaware
Mountain Portfolio Owner LLCDelaware
Mountain Portfolio Owner NC LLCDelaware
MVCACA001 LLCDelaware
MVMCPA001 LLCDelaware
MVMCPA001 SM LLCDelaware
MVMOAL001 LLCDelaware
NBDUFL001 LLCDelaware
NBLANM001 LLCDelaware
NBSPFL001 LLCDelaware
NBWACO001 LLCDelaware
NBWNFL001 LLCDelaware
NBWWFL001 LLCDelaware
NLT85JS001 LLCDelaware
OAK TRUST SUB-REIT I, LLCDelaware
OAK TRUST SUB-REIT II, LLCDelaware
Olympus Holdco LimitedJersey
Olympus Propco 1 LimitedJersey
Olympus Propco 13 LimitedJersey
Olympus Propco 15 LimitedJersey
Olympus Propco 17 LimitedJersey
Olympus Propco 19 LimitedJersey
Olympus Propco 2 LimitedJersey
Olympus Propco 3 LimitedJersey
Olympus Propco 5 LimitedJersey
Olympus Propco 8 LimitedJersey
Olympus Propco 9 LimitedJersey
ORENT 8080CHIL001 HOLDCO LLCDelaware
ORENT Atlas Pledgor LLCDelaware
ORENT Atlas Seller LLCDelaware
ORENT CA Lending II LLCDelaware
ORENT CA Lending II LLCDelaware
ORENT CA Lending LLCDelaware
ORENT CA Lending LLC Delaware
ORENT Jersey Holdco LimitedJersey
ORENT MACOOH001 Holdco LLCDelaware
ORENT Miner Investor LLCDelaware
ORENT Promote C REIT LLCDelaware
ORENT UK REIT LimitedDelaware


        8
OT CB I Owner LLCDelaware
OT CB II Owner LLCDelaware
OT Liquid Investor LLCDelaware
OT MA Owner LLCDelaware
OT Project Dorel TRS LLCDelaware
OT Project Paradigm TRS LLCDelaware
OT SM Owner A DSTDelaware
OT SM Owner B LLCDelaware
OT SM Owner C LLCDelaware
OT SM Owner D LLCDelaware
OT SM Owner LLCDelaware
OT WA Owner LLCDelaware
OT WA Owner LLC  Delaware
OTLender001 LLCDelaware
PAORON001 Holdings ULCBritish Columbia
PAORON001 LLCDelaware
PECAIA001 LLCDelaware
PECCIA001 LLCDelaware
PEGLMN001 LLCDelaware
PEPISD001 LLCDelaware
PESCIA001 LLCDelaware
PESFSD001 LLCDelaware
PEWPMN001 LLCDelaware
PFG Portfolio Owner LLCDelaware
PQJV Owner 001 LLCDelaware
PQJV Owner 001 LLCDelaware
Project Bronco Fayetteville LLCDelaware
Project Evergreen NV LLCDelaware
Project Evergreen NV Owner LLCDelaware
Project Evergreen WA LLCDelaware
Project Laser Huntsville LLCDelaware
Project Maverick Calgary Holdings LLCDelaware
Project Maverick Calgary LLCDelaware
Project Oyster Pasco LLCDelaware
Project Pearl Pasco Holdings LLCDelaware
Project Pearl Pasco LLCDelaware
Project Spider Holdings LLC Delaware
Project Spider III Holdings LLC Delaware
Project Spider III JV LLC Delaware
Project Spider JV LLC Delaware
Q GE Lux Holdco S.à r.l.Luxembourg
Q GE Lux Propco 1 S.à r.l.Luxembourg
Q Lux MasterCo S.à r.l.Luxembourg
Q UK Lux Holdco S.à r.l.Luxembourg
Q UK Lux Propco 1 S.à r.l.Luxembourg


        9
QCTSJCA001 LLCDelaware
SB ORENT PORTFOLIO OWNER LLCDelaware
SB Portfolio Owner LLCDelaware
SBALOK001 LLCDelaware
SBFSAR001 LLCDelaware
SBOKCOK001 LLCDelaware
SBOKCOK002 LLCDelaware
SBOKCOK003 LLCDelaware
SBTUOK001 LLCDelaware
SI SNM01 Expansion, LLCDelaware
SMN01 Campus Association, Inc.New Mexico
SI SNM01A Holdings Parent, LLCDelaware
Red Chiles Holdings A, LLCDelaware
Red Chiles A, LLCDelaware
Red Chiles Sub A, LLCDelaware
SI SNM01B Holdings Parent, LLCDelaware
Red Chiles Holdings B, LLCDelaware
Red Chiles B, LLCDelaware
Red Chiles Sub B, LLCDelaware
SI SNM01C Holdings Parent, LLCDelaware
Red Chiles Holdings C, LLCDelaware
Red Chiles C, LLCDelaware
Red Chiles Sub C, LLCDelaware
SI SNM01D Holdings Parent, LLCDelaware
Red Chiles Holdings D, LLCDelaware
Red Chiles D, LLCDelaware
Red Chiles Sub D, LLCDelaware
SKWFTX001 GP LLCDelaware
SKWFTX001 HoldCo LPDelaware
SKWFTX001 HoldCo LPDelaware
STORE Capital Acquisitions, LLCDelaware
STORE Capital, LLCDelaware
TEN Portfolio Excess Land Owner LLCDelaware
TEN Portfolio Owner LLCDelaware
TENCAOH001 LLCDelaware
TENELIN001 LLCDelaware
TENFRIN001 LLCDelaware
TENGLMI001 LLCDelaware
TENHAVA001 LLCDelaware
TENMOMI001 LLCDelaware
TENPAAR001 LLCDelaware
TENPLMI001 LLCDelaware
TENSENE001 LLCDelaware
TENSKIL001 LLCDelaware
TENSMTN001 LLCDelaware


        10
TSBRPA001 LLCDelaware
TSBRPA001 SM LLCDelaware
TSTYPA001 LLCDelaware
TSTYPA001 SM LLCDelaware
UNFMAPA001 LLCDelaware
USFFRCA001 LLCDelaware
Waterparks LLCDelaware
WBCCTX001 LLCDelaware
WBHOTX003 LLCDelaware
WBHOTX004 LLCDelaware
WBKITX001 LLCDelaware
WBPLTX001 LLCDelaware
WBSATX001 LLCDelaware
WHRAMIA001 LLCDelaware
WMGDC Lender LLCDelaware
WTCHRI001 LLCDelaware
WTNARI001 LLCDelaware
WTNKRI001 LLCDelaware
WTWARI001 LLCDelaware
WTWERI001 LLCDelaware