Exhibit 21

Exhibit 21 – Subsidiaries of Registrant

Unless otherwise indicated, Avatar owns, directly or through a subsidiary, all of the outstanding capital stock or is the sole member of each of the active subsidiaries listed below:

Name		State of Incorporation
Avatar Properties Inc.		Florida
Avatar Communities, Inc.		Florida
Avatar Legacy Developers, Inc.		Florida
Avatar Asset Management, Inc.		Florida
Avatar New Homes of Florida, Inc.		Florida
Avatar Ocean Palms, Inc.		Florida
Avatar Realty, Inc.		Delaware
Avatar Realty of Arizona, Inc.		Arizona
Banyan Bay Corporation		Florida
Bellalago Food and Beverage, Inc.		Florida
Poinciana New Township, Inc.		Florida
Avatar Poinciana, Inc.		Florida
Prominent Title Insurance Agency, Inc.		Florida
Rio Rico Properties Inc.		Arizona
Avatar Homes of Arizona, Inc.		Arizona
Bella Vista at Rio Rico Development, Inc.		Arizona
Piedras Blancas at Rio Rico Development Corporation		Arizona
Ranchos del Rio at Rio Rico Development Corporation		Arizona
Rio Rico Realty, Inc.		Arizona
Avatar Retirement Communities, Inc.		Delaware
Solivita at Poinciana, Inc.		Florida
Solivita at Poinciana Food and Beverage, Inc.		Florida
Solivita at Poinciana Golf Club, Inc.		Florida
Solivita at Poinciana Recreation, Inc.		Florida
Solivita Properties Inc.		Florida
Solivita Realty, Inc.		Florida
Consolidated Limited Liability Companies
Avatar Seasons, LLC		Florida
Del Corazon Arizona, LLC		Arizona
Banyan Bay Land, LLC		Florida
Poinciana Parkway Company, LLC		Delaware
TerraLargo Land, LLC		Florida