Exhibit 21.1
Subsidiaries of the Registrant
| Subsidiary | State or other jurisdiction of incorporation or organization missing subsidiary names | |
| Dubose Advisors, LLC | Delaware | |
| Dubose Model Home Investors #202, LP | California | |
| Dubose Model Home Investors #203 LP | California | |
| Dubose Model Home Investors #204 LP | California | |
| Dubose Model Home Investors #205 LP | California | |
| Dubose Model Home Investors #206 LP | California | |
| Dubose Model Home Investors #207 LP | California | |
| NetREIT 300 NP, LLC | Delaware | |
| NetREIT Advisors, LLC | Delaware | |
| NetREIT Arapahoe, LLC | Delaware | |
| NetREIT Bismarck, LLC | Delaware | |
| NetREIT Casa Grande LP | California | |
| NetREIT Dubose Model Home REIT, Inc. | Maryland | |
| NetREIT Dubose Model Home REIT, LP | Delaware | |
| NetREIT Fargo, LLC | Delaware | |
| NetREIT Genesis, LLC | Delaware | |
| NetREIT Genesis II, LLC | Delaware | |
| NETREIT HIGHLAND, LLC | Delaware | |
| NetREIT Model Homes, Inc. | Delaware | |
| NetREIT Palm Self Storage LP | California | |
| NetREIT SC II, LLC | Delaware | |
| NetREIT UTC, LLC | Delaware | |
| NetREIT West Fargo, LLC | Delaware | |
| NetREIT Westminster, LLC | Delaware | |
| NTR PROPERTY MANAGEMENT, INC. | California | |
| PPT Baltimore, LLC | Delaware | |
| Murphy Canyon Management Group, Inc | Delaware | |
| Murphy Canyon Acquisition Sponsor, LLC | Delaware |