EX-21.1 5 a14-25802_1ex21d1.htm EX-21.1

Exhibit 21.1

Subsidiaries of the Company as of February 18, 2015

|  |  |  | State of |  |  |  | Percentage
Entity |  | Type |  | Incorporation |  | Owner |  | Owned
Crest Net Lease, Inc. |  | Corporation |  | Delaware |  | Realty Income Corporation |  | 100%
RI CS2, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Pennsylvania Properties Trust |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
RI CS3, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
RI SE, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
O CHK, INC. |  | Corporation |  | Delaware |  | Realty Income Corporation |  | 100%
RI CS4, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
O ICE, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 2, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 3, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 4, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Illinois Properties 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 5, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 6, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 9, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Raphine, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 10, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Regent Blvd LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Illinois Properties 2, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Illinois Properties 3, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Illinois Properties 4, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 13, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 11, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 12, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Pennsylvania Properties Trust 2 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Realty Income Properties 14, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 15, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 16, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 17, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 18, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 19, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Trust 1 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Realty Income Trust 2 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Realty Income Trust 3 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Realty Income Properties 21, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 22, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 2, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 3, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 4, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 5, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 6, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Tau Acquisition LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 23, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 7, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 8, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 30, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
American Realty Capital Properties, LLC |  | Limited Liability Company |  | Delaware |  | ARCT TRS Corp. |  | 100%
ARC AACRSMS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AADUNNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AAHARAL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AALAFLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AAROKMI001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AASDLLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AAVICMS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AAWMNLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC ATMTPSC001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AZGYAPR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AZHUMPR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AZPONPR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC AZSNJPR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BBFTMFL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFAUSTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFBENAR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFBRGLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFGRJCO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFPRLTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BFWCHKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC BSLBCCA001, LLC |  | Limited Liability Company |  | Delaware |  | ARC CAMBR BSPL, LLC |  | 100%
ARC CAMBR BSPL, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CAMBR FESACCA, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CAMBR RB LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CHCARIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CHNLKIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CPSTPNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CVCHHMI001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CVCHIIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CVCHIIL002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CVDECGA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%

ARC CVGNVFL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC CVKGCVA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DDABBSC001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DDLNCNE001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DDOKMOK001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DDSHRLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DDWLMNC001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DFLWRKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DGGLLIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DGHLDFL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DGJKVFL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DGMRSIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC DGMTZIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC ESBKYMO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC ESSTLMO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEAARMI001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEBKYWV001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEBNXNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEDGCKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEGFKND001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FEHAYKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FELNCNE001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FELSVKY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FESPFMO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FESTCMN001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FESXFSD001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FTMTGIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC FTSCHIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC HDAUSGA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC HDTPAKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHABQNM001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHALXLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHBUFGA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHBVROR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHCINOH001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHCTVUT001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHCVLVA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHEPSTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHEPSTX002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHHHDSC001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHLVRCA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHMPHTN001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHMPHTN002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHPKRCO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHROAVA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHROCNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHSGLTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHSHWKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHSPFMO001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC IHTPKKS001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC Income Properties II, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC Initial PE Member LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBBEATX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBFERTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBFORTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBSHOTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBVICTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JBVICTX002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC JJPLYMA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC KHCLNIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC KHGTNKY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC LWKNXTN001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC ORJOLIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC PA-QRS Trust |  | Trust |  | Virginia |  | ARC PA-QRS Trust Member LLC |  | 100%
ARC PA-QRS Trust Member LLC |  | Limited Liability Company |  | Delaware |  | Tau Acquisition LLC |  | 100%
ARC PLBKVOH001, LLC |  | Limited Liability Company |  | Delaware |  | ARC CAMBR BSPL, LLC |  | 100%
ARC QTDECGA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC RACADOH001, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RACAROH001, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RACARPA001 GP, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RACARPA001 LP |  | Limited Partnership |  | Delaware |  | ARC RACARPA001 GP, LLC |  | 100%
ARC RAELPOH001, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RALISOH001, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RAPITPA001 GP, LLC |  | Limited Liability Company |  | Delaware |  | ARC/Milestone Capital Ventures, LLC |  | 100%
ARC RAPITPA001 LP |  | Limited Partnership |  | Delaware |  | ARC RAPITPA001 GP, LLC |  | 100%
ARC SCAUGGA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SJHSPAR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SJHSPAR002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SJHSPAR003, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SSCTRVT001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SSNANNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC SYGRINY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TITUCAZ001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TMDKBIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%

ARC TSDEMAL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSDUBPA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSELBPA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSLWBWV001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSMNFPA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSMRKLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSNBSTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC TSSNRCA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGAMTLA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGAUBNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGAUSTX001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGCHEAL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGCNWSC001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGGRCNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGGRCNY002, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGGRPMN001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGJOLIL001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGLERNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGMARVA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGMNFOH001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGMRYOH001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGMTPMI001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGOPKNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGOTTIA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGPLTNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGSYRNY001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WGUAROH001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WMBLYAR001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WWALLPA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC WWYKTVA001, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARC/Milestone Capital Ventures, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
ARCT TRS Corp. |  | Corporation |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGHTWV LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGLVKY 1 LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGLVKY 2 LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGLVKY 3 LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGMFKY LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGPTIN LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
LWAGRCKY LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Atlantic, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Central, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Midwest, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Northeast, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau NY-NJ, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Operating Partnership, L.P. |  | Limited Partnership |  | Delaware |  | Tau Acquisition LLC |  | 99.28%
Tau Pennsylvania General Partner, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau Pennsylvania, L.P. |  | Limited Partnership |  | Delaware |  | Tau Pennsylvania General Partner, LLC |  | 100%
Tau South, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau West, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Realty Income Properties 25, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income CK1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income, L.P. |  | Limited Partnership |  | Maryland |  | Realty Income Corporation |  | 98.27%
Realty Income Properties 26, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 27, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Properties 28, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Trust 4 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Realty Income Properties 20, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income Properties 24, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income Properties 7, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income Properties 8, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income Texas Properties 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
RI CS1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
RI CS5, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
RI GA 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
RI TN 1, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
RI TN 2, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income, L.P. |  | 100%
Realty Income Properties 29, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Magellan, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Acworth Cobb, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Alpharetta Windward, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Beachwood Chagrin, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Buffalo Genesee, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Euclid Lakeshore, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Houston Orem, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Mentor Plaza, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Pepper Pike Chagrin, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Plantation Pine Island, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Providence LaSalle Square, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Shaker Heights Warrensville, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Wilmington Military Cutoff, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Cumming Market Place, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Bulwark Berlin LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Bulwark Branford LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Bulwark Brockton LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%

Bulwark Derry LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Bulwark Melrose LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Bulwark Mount Ephraim LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Buffalo Grove Deerfield, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Capitol Heights Ritchie Station, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Deer Park Deerwood Glen GP, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Deer Park Deerwood Glen Limited Partnership |  | Limited Partnership |  | Texas |  | Realty Income Deer Park Deerwood Glen GP, LLC / |  |
|  |  |  |  |  | Realty Income Deer Park Deerwood Glen LP, LLC |  | 100%
Realty Income Deer Park Deerwood Glen LP, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income DG Texas Portfolio II, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Burlington Milwaukee, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income DG Texas Portfolio I, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income East Syracuse Fair Lakes, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income East Windsor SciPark, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Neenah Commercial, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Seaford Merrick, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Upper Darby 69th, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Wilmington Lancaster, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Realty Income Trust 5 |  | Trust |  | Maryland |  | Realty Income Corporation |  | 100%
Terraza 10, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 11, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Terraza 12, LLC |  | Limited Liability Company |  | Delaware |  | Terraza 12 Holding LLC |  | 100%
Terraza 12 Holding LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%
Tau CVJKVFL, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Tau FESSPA, LLC |  | Limited Liability Company |  | Delaware |  | Tau Operating Partnership, L.P. |  | 100%
Terraza 13, LLC |  | Limited Liability Company |  | Delaware |  | Realty Income Corporation |  | 100%