EX-21.1 4 stwd_ex-211xye2025.htm EX-21.1
Exhibit 21.1
Subsidiaries of the Registrant
As of December 31, 2025

Subsidiary Name | Jurisdiction
100 Belle Valley Apartments, LLC | Delaware
101 Casa Mirella Way, LLC | Delaware
1055 Harbor Sky Apartments, LLC | Delaware
1200 K Street Lender, LLC | Delaware
1250 Garage Owner, LLC | Delaware
13900 Chadwick Parkway, LLC | Delaware
16th Street Partners, LLC | Florida
17625 North 7 Street, LLC | Delaware
200 Lincoln Retail, LLC | Delaware
2102 Tallahassee Apartments, LLC | Delaware
241 Norwood, LLC | Delaware
250 Waikoloa Lot, LLC | Delaware
250 Waikoloa Shops Holdings, LLC | Delaware
250 Waikoloa Shops JV, LLC | Delaware
250 Waikoloa Shops Member, LLC | Delaware
250 Waikoloa Shops, LLC | Delaware
33-41 Farnsworth, LLC | Delaware
360 NM Holdings, LLC | Delaware
3939 East Trinity Mills, LLC | Delaware
401 Collins Boulevard LLC | Delaware
4030 Phoenix Apartments, LLC | Delaware
4610 Rogers Hotel Owner, LLC | Delaware
4610 Rogers Hotel Tenant, LLC | Delaware
4900 Long Beach Office Intermediate, LLC | Delaware
4900 Long Beach Office, LLC | Delaware
5175 Depew Retail Outparcel, LLC | Delaware
5175 Depew Retail, LLC | Delaware
6200 Raleigh Apartments, LLC | Delaware
629 Sierra Vista Retail, LLC | Delaware
701 Seventh Intermediate LLC | Delaware
787 Gresham Apartments, LLC | Delaware
823 Dayton Hotel Intermediate, LLC | Delaware
823 Dayton Hotel Owner, LLC | Delaware
823 Dayton Hotel Tenant, LLC | Delaware
9750 Forest Lane, LLC | Delaware
Archetype Holdings LLC | Delaware
Archetype Investment Management LLC | Delaware
Argentic H3 Holdings LLC | Delaware
Auction.com Holding Company , Inc. | Delaware
Bert L. Smokler, LLC | Delaware
Casa Mirella Owner, LLC | Delaware
Cherry Grove, Ltd. | Florida
Cypresswood Retail Partners, LLC | Delaware

DCA Homes, LLC | Florida
DCA Management, LLC | Florida
Diesel Ltd. | Bermuda
Diesel Mortgage Investments, LLC | Delaware
DSHI Opco LLC | Delaware
Dublin PE JV LLC | Delaware
Echelon DC Holdings Limited | Ireland
Empire Acquisition, LLC | Delaware
FIP Acquisitions I, LLC | Delaware
FIP Acquisitions II, LLC | Delaware
FIP Buyer, LLC | Delaware
FIP Cranston, LLC | Delaware
FIP Florida, LLC | Delaware
FIP Greenville, LLC | Delaware
FIP Lender, LLC | Delaware
FIP Maryland, LLC | Delaware
FIP Master Funding I, LLC | Delaware
FIP Master Funding II, LLC | Delaware
FIP Master Funding III, LLC | Delaware
FIP Master Funding IV, LLC | Delaware
FIP Master Funding L, LLC | Delaware
FIP Master Funding LI, LLC | Delaware
FIP Master Funding LII, LLC | Delaware
FIP Master Funding LIII, LLC | Delaware
FIP Master Funding LIV, LLC | Delaware
FIP Master Funding LV, LLC | Delaware
FIP Master Funding LVI, LLC | Delaware
FIP Master Funding LVII, LLC | Delaware
FIP Master Funding LVIII, LLC | Delaware
FIP Master Funding LIX, LLC | Delaware
FIP Master Funding LX, LLC | Delaware
FIP Master Funding LXI, LLC | Delaware
FIP Master Funding XI, LLC | Delaware
FIP Master Funding XII, LLC | Delaware
FIP Master Funding XXVII, LLC | Delaware
FIP Master Funding IX, LLC | Delaware
FIP Master Funding V, LLC | Delaware
FIP Master Funding VI, LLC | Delaware
FIP Master Funding VII, LLC | Delaware
FIP Master Funding VIII, LLC | Delaware
FIP Master Funding X, LLC | Delaware
FIP Master Funding XIII, LLC | Delaware
FIP Master Funding XIV, LLC | Delaware
FIP Master Funding XIX, LLC | Delaware
FIP Master Funding XL, LLC | Delaware
FIP Master Funding XLI, LLC | Delaware

2

FIP Master Funding XLII, LLC | Delaware
FIP Master Funding XLIII, LLC | Delaware
FIP Master Funding XLIV, LLC | Delaware
FIP Master Funding XLV, LLC | Delaware
FIP Master Funding XLVI, LLC | Delaware
FIP Master Funding XLVII, LLC | Delaware
FIP Master Funding XLVIII, LLC | Delaware
FIP Master Funding XLIX, LLC | Delaware
FIP Master Funding XV, LLC | Delaware
FIP Master Funding XVI, LLC | Delaware
FIP Master Funding XVII, LLC | Delaware
FIP Master Funding XVIII, LLC | Delaware
FIP Master Funding XX, LLC | Delaware
FIP Master Funding XXI, LLC | Delaware
FIP Master Funding XXII, LLC | Delaware
FIP Master Funding XXIII, LLC | Delaware
FIP Master Funding XXIV, LLC | Delaware
FIP Master Funding XXIX, LLC | Delaware
FIP Master Funding XXV, LLC | Delaware
FIP Master Funding XXVI, LLC | Delaware
FIP Master Funding XXVIII, LLC | Delaware
FIP Master Funding XXX, LLC | Delaware
FIP Master Funding XXXI, LLC | Delaware
FIP Master Funding XXXII, LLC | Delaware
FIP Master Funding XXXIII, LLC | Delaware
FIP Master Funding XXXIV, LLC | Delaware
FIP Master Funding XXXIX, LLC | Delaware
FIP Master Funding XXXV, LLC | Delaware
FIP Master Funding XXXVI, LLC | Delaware
FIP Master Funding XXXVII, LLC | Delaware
FIP Master Funding XXXVIII, LLC | Delaware
FIP Nashville, LLC | Delaware
FIP Ontario Investments ULC | British Columbia (Canada)
FIP Parsippany, LLC | Delaware
FIP Pennsylvania I LLC | Delaware
FIP Pennsylvania II LLC | Delaware
FIP TRS,LLC | Delaware
FIP Warehouse Funding, LLC | Delaware
FIPMaster Funding XXXVII, LLC | Delaware
FPG CT JV Holdings, LLC | Delaware
Fundamental Income Properties Parent, LLC | Delaware
Fundamental Income Properties, LLC | Delaware
Harbor Sky Apartments Holdings, LLC | Delaware
HarborSky Holding Senior LLC | Delaware
Holding JV BRI 1880 Towers at West, LLC | Delaware
Island C-III Holdings II, LLC | Delaware

3

Island C-III Holdings, LLC | Delaware
Kentwood Apartments LP | Michigan
Lakeshore STWD GEPT JV LLC | Delaware
Leisure Colony Management LLC | Florida
Leisure Communities Management, LLC | Florida
LNR ADC Ventures LLC | Florida
LNR AFIS Asset Services LLC | Delaware
LNR AFIS Holding I LLC | Delaware
LNR AFIS Holding II LLC | Delaware
LNR AFIS Holding III LLC | Delaware
LNR AFIS Holdings LLC | Delaware
LNR AFIS Investments LLC | Delaware
LNR Alabama Partners, LLC | Delaware
LNR California Partners, LLC | California
LNR Capital Services, LLC | Florida
LNR CCR Advisor, LLC | Delaware
LNR CCR, LLC | Delaware
LNR CDO 2002-1 Ltd. | Cayman Islands
LNR CDO 2002-1, LLC | Delaware
LNR CDO 2003-1 Ltd. | Cayman Islands
LNR CDO 2003-1, LLC | Delaware
LNR CDO Depositor, LLC | Delaware
LNR CDO III Ltd. | Cayman Islands
LNR CDO III, LLC | Delaware
LNR CDO IV Ltd. | Cayman Islands
LNR CDO IV, LLC | Delaware
LNR CDO V LLC | Delaware
LNR CDO V Ltd. | Cayman Islands
LNR Dakota Partners, LLC | North Dakota
LNR DSHI Legacy, LLC | Florida
LNR Illinois Partners, LLC | Illinois
LNR Madison Square, LLC | Delaware
LNR Massachusetts Partners, LLC | Massachusetts
LNR New Jersey Partners, LLC | New Jersey
LNR Partners California Manager, LLC | California
LNR Partners Europa Associates Management, LLC | Florida
LNR Partners Parent, LLC | Delaware
LNR Partners, LLC | Florida
LNR Property LLC | Delaware
LNR Property Payroll LLC | Florida
LNR REFSG Holdings, LLC | Florida
LNR REFSG Investments, LLC | Delaware
LNR Retail Corners Manager, LLC | Delaware
LNR Securities CDO Legacy, LLC | Delaware
LNR Securities Equity, LLC | Delaware
LNR Securities Holdings II, LLC | Delaware

4

LNR Securities Holdings III, LLC | Delaware
LNR Securities Holdings IV, LLC | Delaware
LNR Securities Holdings V, LLC | Delaware
LNR Securities Holdings, LLC | Delaware
LNR Securities Preferred, LLC | Delaware
LNR Securities Reliance VI, LLC | Delaware
LNR Securities Reliance, LLC | Delaware
LNR Texas Partners, LLC | Texas
LNR Utah Partners, LLC | Utah
Lutz/Gordon | Michigan
Lyncrest Holdings, LLC | Delaware
Madison Square 2004-1 Corp. | Delaware
Madison Square 2004-1 Corp. | Delaware
Madison Square 2004-1 Ltd. | Cayman Islands
Madison Square 2004-1 Ltd. | Cayman Islands
Madison Square Company LLC | Delaware
Madison Square Mortgage Securities, LLC | Delaware
Market Street SF Hotel Holdings, LLC | Delaware
MMP 5555 San Felipe, LLC | Delaware
MMP/SPT BAC JV, LLC | Delaware
MRF Sub 1, LLC | Delaware
MRF Trust I | Delaware
Museum Building Holdings, LLC | Delaware
North Troy Timberland Office II, LLC | Delaware
North Troy Timberland Office III, LLC | Delaware
North Troy Timberland Office IV, LLC | Delaware
Novare National Settlement Service of Alabama, LLC | Alabama
Novare National Settlement Service, LLC | Delaware
Novare Settlement Holdings, LLC | Delaware
Pines Self Storage Associates, Ltd. | Florida
Red Hills CH, LLC | Delaware
Residences at Concord JV, LLC | Delaware
Residences at Concord PE Member, LLC | Delaware
Salem Harbor Power HoldCo LLC | Delaware
SCG Core Plus Retail Fund, LP | Delaware
SGH Holdco LLC | Delaware
SMRF Depositor, LLC | Delaware
SMRF Servicing Administrator, LLC | Delaware
SMRF TRS, LLC | Delaware
SMRF Trust Holdings II, LLC | Delaware
SMRF Trust Holdings II-A, LLC | Delaware
SMRF Trust Holdings IX, LLC | Delaware
SMRF Trust Holdings IX-A, LLC | Delaware
SMRF Trust Holdings VI, LLC | Delaware
SMRF Trust Holdings VI-A, LLC | Delaware
SMRF Trust Holdings VII, LLC | Delaware

5

SMRF Trust Holdings VII-A, LLC | Delaware
SMRF Trust Holdings VIII, LLC | Delaware
SMRF Trust Holdings VIII-A, LLC | Delaware
SMRF Trust Holdings X, LLC | Delaware
SMRF Trust Holdings X-A, LLC | Delaware
SMRF Trust I | Delaware
SMRF Trust I-A | Delaware
SMRF Trust II | Delaware
SMRF Trust II-A | Delaware
SMRF Trust IX | Delaware
SMRF Trust IX-A | Delaware
SMRF Trust VI | Delaware
SMRF Trust VI-A | Delaware
SMRF Trust VII | Delaware
SMRF Trust VII-A | Delaware
SMRF Trust VIII | Delaware
SMRF Trust VIII-A | Delaware
SMRF Trust X | Delaware
SMRF Trust X-A | Delaware
SPE 1825 Parker Road Holdings, LLC | Georgia
SPT 701 Lender, L.L.C. | Delaware
SPT Acquisitions Holdco, LLC | Delaware
SPT Acquisitions Sub-1, LLC | Delaware
SPT Acquisitions Sub-1-A, LLC | Delaware
SPT Atlanta Partner, LLC | Delaware
SPT Atlanta Partner, LLC | Delaware
SPT BH Holdings, LLC | Delaware
SPT CA Fundings 2, LLC | Delaware
SPT CA Fundings, LLC | Delaware
SPT CB Holdings, LLC | Delaware
SPT Cedar Parent, LLC | Delaware
SPT Chatsworth Holdings, L.L.C. | Delaware
SPT CLO Sub-REIT SH TRS Holdings, LLC | Delaware
SPT CLO Sub-REIT SH, LLC | Delaware
SPT CRE CLO Equity Parent, LLC | Delaware
SPT CRE Property Holdings 2015, LLC | Delaware
SPT Dolphin Avalon Reserve LLC | Delaware
SPT Dolphin Buena Vista I LLC | Delaware
SPT Dolphin Buena Vista II LLC | Delaware
SPT Dolphin Camellia Pointe LLC | Delaware
SPT Dolphin Congress Park LLC | Delaware
SPT Dolphin Cyprus Point LLC | Delaware
SPT Dolphin Glen Oaks LLC | Delaware
SPT Dolphin Hickory Pointe LLC | Delaware
SPT Dolphin Hidden Creek LLC | Delaware
SPT Dolphin Holdings LLC | Delaware

6

SPT Dolphin Holdings Parent LLC | Delaware
SPT Dolphin Homestead Colony LLC | Delaware
SPT Dolphin ICB LLC | Delaware
SPT Dolphin Intermediate LLC | Delaware
SPT Dolphin Madison Chase LLC | Delaware
SPT Dolphin Madison Commons LLC | Delaware
SPT Dolphin Magnolia Pointe LLC | Delaware
SPT Dolphin Mariners Cove LLC | Delaware
SPT Dolphin Metro Place I LLC | Delaware
SPT Dolphin Metro Place II LLC | Delaware
SPT Dolphin Osprey Ridge LLC | Delaware
SPT Dolphin Palmetto Trace LLC | Delaware
SPT Dolphin Parent LLC | Vermont
SPT Dolphin Park Avenue LLC | Delaware
SPT Dolphin Pointe Vista I LLC | Delaware
SPT Dolphin Pointe Vista II LLC | Delaware
SPT Dolphin Providence Reserve LLC | Delaware
SPT Dolphin Sand Lake LLC | Delaware
SPT Dolphin Spring Harbor LLC | Delaware
SPT Dolphin Waterford Pointe LLC | Delaware
SPT Dolphin West Pointe LLC | Delaware
SPT Dolphin Whistlers Cove LLC | Delaware
SPT FDS Troy JV, LLC | Delaware
SPT Friedman Sierra Vista JV, LLC | Delaware
SPT Glen Burnie Partner, LLC | Delaware
SPT HD Holdings, LLC | Delaware
SPT HD Holdings, Ltd. | Delaware
SPT Infrastructure 2021-SIF2 Retention Holder, LLC | Delaware
SPT Infrastructure 2024-SIF-3 Retention Holder, LLC | Delaware
SPT Infrastructure 2024-SIF-4 Retention Holder, LLC | Delaware
SPT Infrastructure 2025-SIF5 Retention Holder, LLC | Delaware
SPT Infrastructure 2025-SIF6 Retention Holder, LLC | Delaware
SPT Infrastructure 2026-SIF7 Retention Holder, LLC | Delaware
SPT Infrastructure CLO Equity Parent, LLC | Delaware
SPT Infrastructure CLO Retention Holder, LLC | Delaware
SPT Infrastructure CLO Seller, LLC | Delaware
SPT Infrastructure Finance Domestic TRS, LLC | Delaware
SPT Infrastructure Finance Holdings, LLC | Delaware
SPT Infrastructure Finance Offshore TRS, Ltd. | Cayman Islands
SPT Infrastructure Finance Offshore TRS, Ltd. | Jersey
SPT Infrastructure Finance Servicer, LLC | Delaware
SPT Infrastructure Finance Sub-1 CB, LLC | Delaware
SPT Infrastructure Finance Sub-1, LLC | Delaware
SPT Infrastructure Finance Sub-2, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-3 CB, LLC | Delaware
SPT Infrastructure Finance Sub-3, LLC | Delaware

7

SPT Infrastructure Finance Sub-4 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-4 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-4 (OT) CB, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-4 (OT), Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-4 CB, LLC | Delaware
SPT Infrastructure Finance Sub-4, LLC | Delaware
SPT Infrastructure Finance Sub-5 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-5 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-5 (OT) CB, Ltd. | Jersey
SPT Infrastructure Finance Sub-5 (OT), Ltd. | Jersey
SPT Infrastructure Finance Sub-5 CB, LLC | Delaware
SPT Infrastructure Finance Sub-5, LLC | Delaware
SPT Infrastructure Finance Sub-6 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-6 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-6 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-6 (OT) CB, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-6 (OT), Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-6 CB, LLC | Delaware
SPT Infrastructure Finance Sub-6 CB, LLC | Delaware
SPT Infrastructure Finance Sub-6, LLC | Delaware
SPT Infrastructure Finance Sub-7 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-7 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-7 (Ot) CB, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-7 (OT), Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-7 CB, LLC | Delaware
SPT Infrastructure Finance Sub-7, LLC | Delaware
SPT Infrastructure Finance Sub-8 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-8 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-8 (Ot) CB, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-8 (OT), Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-8 CB, LLC | Delaware
SPT Infrastructure Finance Sub-8, LLC | Delaware
SPT Infrastructure Finance Sub-9 (DT) CB, LLC | Delaware
SPT Infrastructure Finance Sub-9 (DT), LLC | Delaware
SPT Infrastructure Finance Sub-9 (OT) CB, Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-9 (OT), Ltd. | Cayman Islands
SPT Infrastructure Finance Sub-9 CB, LLC | Delaware
SPT Infrastructure Finance Sub-9, LLC | Delaware
SPT Infrastructure Finance, LLC | Delaware
SPT Ivey 1 Rykowski MOB LLC | Delaware
SPT Ivey 109 Rykowski MOB LLC | Delaware
SPT Ivey 155 Crystal Run MOB LLC | Delaware
SPT Ivey 300 Crystal Run MOB LLC | Delaware
SPT Ivey 61 Emerald MOB LLC | Delaware
SPT Ivey 8220 Naab Rd MOB LLC | Delaware
SPT Ivey 8260 Naab Rd MOB LLC | Delaware

8

SPT Ivey 95 Crystal Run MOB LLC | Delaware
SPT Ivey Abilene MOB LLC | Delaware
SPT Ivey Amarillo MOB LLC | Delaware
SPT Ivey Boynton MOB LLC | Delaware
SPT Ivey Brentwood CA MOB LLC | Delaware
SPT Ivey Brownsburg MOB LLC | Delaware
SPT Ivey Dowell Springs MOB LLC | Delaware
SPT Ivey Eagle Carson City MOB LLC | Delaware
SPT Ivey El Paso MOB LLC | Delaware
SPT Ivey Frisco MOB LLC | Delaware
SPT Ivey Greeley Cottonwood MOB LLC | Delaware
SPT Ivey Greeley MOB LLC | Delaware
SPT Ivey Hendersonville MOB LLC | Delaware
SPT Ivey Holdings 2, LLC | Delaware
SPT Ivey Holdings Parent, LLC | Delaware
SPT Ivey Holdings, LLC | Delaware
SPT Ivey Intermediate LLC | Delaware
SPT Ivey Jersey City MOB LLC | Delaware
SPT Ivey Johns Creek GA MOB LLC | Delaware
SPT Ivey Parent LLC | Delaware
SPT Ivey Rockwall MOB II LLC | Delaware
SPT Ivey Rockwall MOB LLC | Delaware
SPT Ivey Santa Rosa MOB LLC | Delaware
SPT Ivey Shenandoah TX MOB LLC | Delaware
SPT Ivey St. Francis Lafayette MOB I LLC | Delaware
SPT Ivey St. Francis Lafayette MOB II LLC | Delaware
SPT Ivey St. Petersburg MOB LLC | Delaware
SPT Ivey Sub-Manager, LLC | Delaware
SPT Ivey Sylva MOB LLC | Delaware
SPT Ivey Tempe MOB Intermediate LLC | Delaware
SPT Ivey Tempe MOB LLC | Delaware
SPT Ivey Treeline San Antonio MOB LLC | Delaware
SPT Ivey Urbana MOB LLC | Delaware
SPT Jacksonville Partner, LLC | Delaware
SPT LMC Holdings, LLC | Delaware
SPT LNR CDO Cayman Ltd. | Cayman Islands
SPT LNR Property Sub, LLC | Delaware
SPT LNR Property TRS, LLC | Delaware
SPT LNR Property, LLC | Delaware
SPT LNR Securities Holdings Parent, LLC | Delaware
SPT Logan Holdings, LLC | Delaware
SPT Marathon Holdings, LLC | Delaware
SPT Operations 2, LLC | Delaware
SPT PR Waikoloa JV, LLC | Delaware
SPT Raleigh Partner TRS, LLC | Delaware
SPT Raleigh Partner TRS, LLC | Delaware

9

SPT Raleigh Partner, LLC | Delaware
SPT Real Estate AU, LLC | Delaware
SPT Real Estate BM, LLC | Delaware
SPT Real Estate Capital, LLC | Delaware
SPT Real Estate Sub III, LLC | Delaware
SPT Sierra Vista Partner, LLC | Delaware
SPT Sierra Vista Partner, LLC | Delaware
SPT SK Holdings Parent, LLC | Delaware
SPT SK Holdings, LLC | Delaware
SPT SK Holdings, Ltd. | Cayman Islands
SPT Spear Holdings, LLC | Delaware
SPT Special Member, Inc. | Delaware
SPT TALF Holdings, LLC | Delaware
SPT TCO Acquisition, LLC | Delaware
SPT Ten-X Holdings, LLC | Delaware
SPT TLA BB Holdings TRS, LLC | Delaware
SPT TLA BB Holdings, LLC | Delaware
SPT TLA Parent, LLC | Delaware
SPT TLB BB Holdings TRS Parent, LLC | Delaware
SPT TLB BB Holdings TRS, LLC | Delaware
SPT TLB BB Holdings, LLC | Delaware
SPT TLB BB Intermediate, LLC | Delaware
SPT TLB BB PE Holdings, LLC | Delaware
SPT Troy Partner, LLC | Delaware
SPT Victoria Holdings 1, Ltd. | Cayman Islands
SPT Victoria Holdings 2, Ltd. | Cayman Islands
SPT Victoria Holdings 3, Ltd. | Cayman Islands
SPT WAH Holdings LLC | Delaware
SPT WAH Walden Park LLC | Delaware
SPT WAH Waterford LLC | Delaware
SPT WAH Waverly LLC | Delaware
SPT WAH Wedgewood LLC | Delaware
SPT WAH Wellesley LLC | Delaware
SPT WAH Wellington LLC | Delaware
SPT WAH Wentworth I LLC | Delaware
SPT WAH Wentworth II LLC | Delaware
SPT WAH Westbrook LLC | Delaware
SPT WAH Westchase LLC | Delaware
SPT WAH Westchester LLC | Delaware
SPT WAH Westminster LLC | Delaware
SPT WAH Weston Oaks LLC | Delaware
SPT WAH Westwood LLC | Delaware
SPT WAH Wexford LLC | Delaware
SPT WAH Whispering Pines LLC | Delaware
SPT WAH Whispering Woods LLC | Delaware
SPT WAH Willow Lake LLC | Delaware

10

SPT WAH Wilmington LLC | Delaware
SPT WAH Windchase LLC | Delaware
SPT WAH Windermere I LLC | Delaware
SPT WAH Windermere II LLC | Delaware
SPT WAH Windsong I LLC | Delaware
SPT WAH Windsong II LLC | Delaware
SPT WAH Windsor Park LLC | Delaware
SPT WAH Woodbridge LLC | Delaware
SPT WAH Woodcrest LLC | Delaware
SPT WAH Woodhill LLC | Delaware
SPT WAH Woodridge LLC | Delaware
SPT WAH Worthington LLC | Delaware
SPT WAH Wyndham Place LLC | Delaware
SPT WAH Wyngate LLC | Delaware
SPT Waikoloa Lot, LLC | Delaware
SPT Waikoloa Partner, LLC | Delaware
SPT WD Holdings, LLC | Delaware
SPT Wilkinson Raleigh JV, LLC | Delaware
SPTIF Equity Holdings, LLC | Delaware
SPTIF Loan Holdings, LLC | Delaware
SPTIF Parent, LLC | Delaware
SPTIF Securities Holdings II, LLC | Delaware
SPTIF Securities Holdings III, LLC | Delaware
SPTIF Sub-5 (DT) Holdings CB, LLC | Delaware
SPTIF Sub-5 (DT) Holdings, LLC | Delaware
SPTIF Sub-5 (OT) Holdings CB, Ltd. | Jersey
SPTIF Sub-5 (OT) Holdings, Ltd. | Jersey
SPTIF Sub-5 Holdings CB, LLC | Delaware
SPTIF Sub-5 Holdings, LLC | Delaware
SPTIF Sub-6 (DT) Holdings CB, LLC | Delaware
SPTIF Sub-6 (DT) Holdings CB, LLC | Delaware
SPTIF Sub-6 (DT) Holdings, LLC | Delaware
SPTIF Sub-6 (OT) Holdings CB, Ltd. | Cayman Islands
SPTIF Sub-6 (OT) Holdings, Ltd. | Cayman Islands
SPTIF Sub-6 Holdings CB, LLC | Delaware
SPTIF Sub-6 Holdings CB, LLC | Delaware
SPTIF Sub-6 Holdings, LLC | Delaware
SPTIF Sub-7 (DT) Holdings, CB, LLC | Delaware
SPTIF Sub-7 (DT) Holdings, LLC | Delaware
SPTIF Sub-7 (OT) Holdings CB, Ltd. | Cayman Islands
SPTIF Sub-7 (OT) Holdings, Ltd. | Cayman Islands
SPTIF Sub-7 Holdings CB, LLC | Delaware
SPTIF Sub-7 Holdings, LLC | Delaware
SPTIF Sub-8 (DT) Holdings CB, LLC | Delaware
SPTIF Sub-8 (DT) Holdings, LLC | Delaware
SPTIF Sub-8 (OT) Holdings CB, Ltd. | Cayman Islands

11

SPTIF Sub-8 (OT) Holdings, Ltd. | Cayman Islands
SPTIF Sub-8 Holdings CB, LLC | Delaware
SPTIF Sub-8 Holdings, LLC | Delaware
SPTIF Sub-9 (DT) Holdings CB, LLC | Delaware
SPTIF Sub-9 (DT) Holdings, LLC | Delaware
SPTIF Sub-9 (OT) Holdings CB, Ltd. | Cayman Islands
SPTIF Sub-9 (OT) Holdings, Ltd. | Cayman Islands
SPTIF Sub-9 Holdings CB, LLC | Delaware
SPTIF Sub-9 Holdings, LLC | Delaware
SPT-IX 701 Lender GP, L.L.C. | Delaware
SPT-IX 701 Lender, L.P. | Delaware
SRP TM Holdings, LP | Delaware
Starwood 2024-SIF4, LLC | Delaware
Starwood 2025-SIF5, LLC | Delaware
Starwood 2025-SIF6, LLC | Delaware
Starwood 2026-SIF7, LLC | Delaware
Starwood CMBS Fund GP, LLC | Delaware
Starwood CMBS Fund I Investor, LLC | Delaware
Starwood CMBS Fund I, L.P. | Delaware
Starwood CMBS Horizontal Retention BBCMS 2018-C2 LLC | Delaware
Starwood CMBS Horizontal Retention BBCMS 2020-C8 LLC | Delaware
Starwood CMBS Horizontal Retention BBCMS 2023-5C23 LLC | Delaware
Starwood CMBS Horizontal Retention BBCMS 2024-5C27 LLC | Delaware
Starwood CMBS Horizontal Retention BBCMS 2024-5C31 LLC | Delaware
Starwood CMBS Horizontal Retention BMO 2025-5C11 LLC | Delaware
Starwood CMBS Horizontal Retention BBCMS 2025-C39 LLC | Delaware
Starwood CMBS Horizontal Retention MSBAM 2025-5C2 LLC | Delaware
Starwood CMBS Horizontal Retention CF 2019-CF1 LLC | Delaware
Starwood CMBS Horizontal Retention CF 2019-CF2-LLC | Delaware
Starwood CMBS Horizontal Retention CGCMT 2019-C7 LLC | Delaware
Starwood CMBS Horizontal Retention MSC 2019-L3 LLC | Delaware
Starwood CMBS Horizontal Retention MSC 2021-L5 LLC | Delaware
Starwood CMBS Horizontal Retention MSC 2022-L8 LLC | Delaware
Starwood Commercial Mortgage Depositor, LLC | Delaware
Starwood Conduit CMBS Horizontal Retention I, LLC | Delaware
Starwood Conduit CMBS Vertical Retention I LLC | Delaware
Starwood Conduit CMBS Vertical Retention II LLC | Delaware
Starwood Infrastructure Finance, LLC | Delaware
Starwood Mortgage Capital LLC | Delaware
Starwood Mortgage Funding I LLC | Delaware
Starwood Mortgage Funding II LLC | Delaware
Starwood Mortgage Funding III LLC | Delaware
Starwood Mortgage Funding IV LLC | Delaware
Starwood Mortgage Funding V LLC | Delaware
Starwood Mortgage Funding VI LLC | Delaware
Starwood Mortgage Funding VII, LLC | Delaware

12

Starwood Mortgage Residential Finance, LLC | Delaware
Starwood Mortgage WD, L.L.C. | Delaware
Starwood Non-Agency Lending, LLC | Delaware
Starwood Non-Agency Securities Holdings II, LLC | Delaware
Starwood Non-Agency Securities Holdings III, LLC | Delaware
Starwood Non-Agency Securities Holdings IV, LLC | Delaware
Starwood Non-Agency Securities Holdings, LLC | Delaware
Starwood Property Mortgage BC, L.L.C. | Delaware
Starwood Property Mortgage Depositor, LLC | Delaware
Starwood Property Mortgage Sub-10 HoldCo, L.L.C. | Delaware
Starwood Property Mortgage Sub-10, L.L.C. | Delaware
Starwood Property Mortgage Sub-10-A Holdco, L.L.C. | Delaware
Starwood Property Mortgage Sub-10-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-11, L.L.C. | Delaware
Starwood Property Mortgage Sub-12, L.L.C. | Delaware
Starwood Property Mortgage Sub-12-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-14, L.L.C. | Delaware
Starwood Property Mortgage Sub-14-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-15, L.L.C. | Delaware
Starwood Property Mortgage Sub-15-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-16, L.L.C. | Delaware
Starwood Property Mortgage Sub-16-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-18 Holdings, L.L.C. | Delaware
Starwood Property Mortgage Sub-18, L.L.C | Delaware
Starwood Property Mortgage Sub-18-A Holdings, L.L.C | Delaware
Starwood Property Mortgage Sub-18-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-19 Holdings, L.L.C. | Delaware
Starwood Property Mortgage Sub-19, L.L.C. | Delaware
Starwood Property Mortgage Sub-19-A Holdings, L.L.C. | Delaware
Starwood Property Mortgage Sub-19-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-2, L.L.C. | Delaware
Starwood Property Mortgage Sub-20, L.L.C. | Delaware
Starwood Property Mortgage Sub-20-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-21, L.L.C. | Delaware
Starwood Property Mortgage Sub-21-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-22, L.L.C. | Delaware
Starwood Property Mortgage Sub-22-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-23, L.L.C. | Delaware
Starwood Property Mortgage Sub-23-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-24, L.L.C. | Delaware
Starwood Property Mortgage Sub-24-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-25, L.L.C. | Delaware
Starwood Property Mortgage Sub-25-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-26, L.L.C. | Delaware
Starwood Property Mortgage Sub-27, L.L.C. | Delaware
Starwood Property Mortgage Sub-27-A, L.L.C. | Delaware

13

Starwood Property Mortgage Sub-28, L.L.C. | Delaware
Starwood Property Mortgage Sub-28-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-29, L.L.C. | Delaware
Starwood Property Mortgage Sub-29-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-2-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-3, L.L.C. | Delaware
Starwood Property Mortgage Sub-30, L.L.C. | Delaware
Starwood Property Mortgage Sub-30-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-31, L.L.C. | Delaware
Starwood Property Mortgage Sub-31-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-32, L.L.C. | Delaware
Starwood Property Mortgage Sub-32-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-33-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-34, L.L.C. | Delaware
Starwood Property Mortgage Sub-34-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-35-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-36-A Parent, L.L.C. | Delaware
Starwood Property Mortgage Sub-36-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-4, L.L.C. | Delaware
Starwood Property Mortgage Sub-5, L.L.C. | Delaware
Starwood Property Mortgage Sub-5-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-6(P), L.L.C. | Delaware
Starwood Property Mortgage Sub-6, L.L.C. | Delaware
Starwood Property Mortgage Sub-6-A Holdings, L.L.C. | Delaware
Starwood Property Mortgage Sub-6-A(P), L.L.C. | Delaware
Starwood Property Mortgage Sub-6-A, L.L.C. | Delaware
Starwood Property Mortgage Sub-9, L.L.C. | Delaware
Starwood Property Mortgage Sub-9-A, L.L.C. | Delaware
Starwood Property Mortgage, L.L.C. | Delaware
Starwood Residential Finance, LLC | Delaware
Starwood Solutions, LLC | Delaware
Starwood WD Montgomery Holdings, LLC | Delaware
STWD 2019-FL1, Ltd. | Cayman Islands
STWD 2021-FL2 Retention Holder, LLC | Delaware
STWD 2021-FL2, LLC | Delaware
STWD 2021-FL2, Ltd. | Cayman Islands
STWD 2021-SIF1, LLC | Delaware
STWD 2021-SIF1, Ltd. | Cayman Islands
STWD 2021-SIF2, LLC | Delaware
STWD 2021-SIF2, Ltd. | Cayman Islands
STWD 2022-FL3 Retention Holder, LLC | Delaware
STWD 2022-FL3, LLC | Delaware
STWD 2022-FL3, Ltd. | Cayman Islands
STWD 2024-SIF3, LLC | Delaware
STWD 2025-FL4 Retention Holder, LLC | Delaware
STWD 2025-FL4, LLC | Delaware

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STWD CLO Retention Holder, LLC | Delaware
STWD CLO Seller, LLC | Delaware
STWD CLO Sub-REIT, LLC | Delaware
STWD CMBS Liquid Holdings LLC | Delaware
STWD CMBS RR Holdings LLC | Delaware
STWD CMBS Venture Holdings LLC | Delaware
STWD Co-Investment 2015, L.P. | Delaware
STWD Co-Investment Fund GP, LLC | Delaware
STWD Europe Retention Holder, LLC | Delaware
STWD Europe Seller LLC | Delaware
STWD Europe Special Servicer, LLC | Delaware
STWD Investment Management, LLC | Delaware
STWD JV Holdings LLC | Delaware
Sun Belt Office I Holdings, LLC | Delaware
Sun Belt Office PE Member, LLC | Delaware
Ten-X Holding Company, Inc. | Delaware
TIAA Real Estate CDO 2003-1 Ltd. | Cayman Islands
TMG Starwood Eastboro 1-4 JV, L.L.C. | Delaware
Wash Depot Holdings, Inc. | Delaware
WD Coast Line Drive FL Property, LLC | Delaware
WD Mobile Highway AL Property, LLC | Alabama
Woodstar Feeder Fund, L.P. | Delaware
Woodstar Feeder REIT, LLC | Delaware
Woodstar Feeder TRS, LLC | Delaware
Woodstar Portfolio Holdings, LLC | Vermont
Woodstar Portfolio SPT Member, LLC | Delaware

15