| Subsidiary | Jurisdiction of Formation | ||||
| CCMH V, LLC | Delaware | ||||
| CNL Commercial Mortgage Funding, Inc. | Delaware | ||||
| Gator Pearson, LLC | Delaware | ||||
| National Retail Properties Trust | Maryland | ||||
| National Retail Properties, LP | Delaware | ||||
| Net Lease Funding, Inc. | Maryland | ||||
| Net Lease Realty I, Inc. | Maryland | ||||
| NNN - NatGro LLC | Delaware | ||||
| NNN Athletic I LLC | Delaware | ||||
| NNN Brokerage Services, Inc. | Maryland | ||||
| NNN CA Auto Svc LLC | Delaware | ||||
| NNN GP Corp. | Delaware | ||||
| NNN PBY LLC | Delaware | ||||
| NNN TRS, Inc. | Maryland | ||||
| Orange Avenue Mortgage Investments, Inc. | Delaware | ||||