Exhibit 21

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SUBSIDIARIES OF REGISTRANT

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Name		Jurisdiction of Organization
AMREP Corporation (Registrant)	​	Oklahoma
American Republic Investment Co.	​	Delaware
AMREP Southwest Inc.	​	New Mexico
Outer Rim Investments, Inc.	​	New Mexico
AMREPCO Inc.	​	Colorado
Las Fuentes Village II, LLC	​	New Mexico
Las Fuentes Village III, LLC	​	New Mexico
Lomas Encantadas Development Company, LLC	​	New Mexico
Hawksite 27 Development Company, LLC	​	New Mexico
Enchanted Hills Development Company, LLC	​	New Mexico
Southwest Mineral Company, LLC	​	New Mexico
Clean Slate Properties, LLC	​	New Mexico
Butterfly Holdings, LLC	​	New Mexico
Amreston Homes LLC	​	New Mexico
Amreston Construction LLC	​	New Mexico
Mountain Hawk East Development Company LLC	​	New Mexico
Mountain Hawk West Development Company LLC	​	New Mexico
Tierra Feliz Development Company LLC	​	New Mexico
Lavender Fields, LLC	​	New Mexico
Sol Oeste LLC	​	New Mexico
Pueblo del Sol, LLC	​	New Mexico
Wymont LLC	​	New Mexico
Arroyos, LLC	​	New Mexico
Rioscapes LLC	​	New Mexico
Resurrection Land Company, LLC	​	New Mexico
Corner Office, LLC	​	New Mexico
Dealande LLC	​	New Mexico
Oruga LLC	​	New Mexico
PCD ARIC Holdco LLC	​	Delaware

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Certain subsidiaries have been omitted from this list. These subsidiaries, when considered in the aggregate as a single subsidiary, do not constitute a significant subsidiary as defined in Rule 1-02(w) of Regulation S-X.