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10-K primary document
NLOP · Annual Report (Form 10-K) · Filed February 25, 2026

Net Lease Office Properties — 10-K exhibit

nlop202510-kexh211.htm
Net Lease Office Properties on Boardroom Alpha
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Exhibit 21.1

NET LEASE OFFICE PROPERTIES
SUBSIDIARIES OF REGISTRANT
Name of SubsidiaryOwnershipState or Country of Incorporation
(CA) ADS, LLC100 %Delaware
601 Jefferson Manager (DE) LLC100 %Delaware
601 Jefferson Tower (TX) LLC100 %Delaware
ADS2 (CA) LLC (fka ADS2 (CA) QRS 11-41, Inc.)100 %Delaware
AIRLIQ (TX) LLC100 %Delaware
AUTOPRO (GA) LLC100 %Delaware
Call LLC100 %Delaware
GRC GP (TX) LLC (fka GRC (TX) QRS 15-47, Inc.)100 %Delaware
GRC (TX) Limited Partnership100 %Delaware
GRC-II (TX) LLC (fka GRC-II (TX) QRS 15-80, Inc.)100 %Delaware
GRC-II (TX) Limited Partnership100 %Delaware
Hawk (IA) LLC100 %Delaware
Hawk JV Landlord (IA) LLC100 %Delaware
Hawk Landlord (IA) LLC100 %Delaware
Health Landlord (MN) LLC100 %Delaware
ICALL BTS (VA) LLC100 %Delaware
MEDI (PA) LLC 100 %Delaware
NLO Holding B.V. (fka WPC REIT Fau 42 B.V.)100 %Netherlands
NLO Holding Company LLC100 %Delaware
NLO International Holding LP100 %Delaware
NLO International Holding GP TRS LLC100 %Delaware
NLO MB TRS LLC100 %Delaware
NLO Mezzanine Borrower LLC100 %Delaware
NLO OP LLC100 %Delaware
NLO Pledgor LLC100 %Delaware
NLO SubREIT LLC100 %Delaware
Orlando Storage 17 (FL) LLC100 %Delaware
Popcorn (TX) LLC (fka Popcorn (TX) QRS 14-43, Inc.)100 %Delaware
Roosevelt Blvd North (FL) LLC100 %Delaware
RRD (IL) LLC100 %Delaware
Spring Forest Road (NC) LLC100 %Delaware
Stone Oak 17 (TX) LLC100 %Delaware
Turbo Headquarters (TX) LLC100 %Delaware
Turbo Headquarters (TX) Transferee LLC100 %Delaware
Vandenburg Blvd (PA) LLC100 %Delaware
Venice (CA) LP100 %Delaware
Venice (CA) Transferee LLC100 %Delaware
Venice (CA) Transferee Principal LLC100 %Delaware
WPC Crown Colony (MA) LLC100 %Delaware

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