Exhibit 21.1


Name of Entity		State of Formation
100 Cambridgeside Lender LLC		Delaware
100 Cambridgeside Lender Member LLC		Delaware
100 Cambridgeside Pl Ground Owner LLC		Delaware
100 Cambridgeside Pl Member LLC		Delaware
1000 E Apache Blvd Ground Owner LLC		Delaware
1000 South Clark Ground Owner LLC		Delaware
1001 South Center Street Ground Owner LLC		Delaware
1007 South Congress North Unit Ground Owner LLC		Delaware
101 S Federal Highway Ground Owner LLC		Delaware
102 A Philip Randolph Blvd Ground Owner LLC		Delaware
102 Madison Avenue Ground Owner LLC		Delaware
106 Ridge Street Equity Member LLC		Delaware
106 Ridge Street Ground Owner LLC		Delaware
10721 Domain Dr Ground Owner LLC		Delaware
10953 Whipple GP LLC		Delaware
10953 Whipple Ground Owner LP		Delaware
1100 First Street Ground Owner LLC		Delaware
110-114 Ridge Street Equity Member LLC		Delaware
110-114 Ridge Street Ground Owner LLC		Delaware
1111 Church Street Ground Owner LLC		Delaware
1111 Pennsylvania Ave Ground Owner LLC		Delaware
11218 Califa GP LLC		Delaware
11218 Califa Ground Owner LP		Delaware
1130 Harvey Ground Owner GP LLC		Delaware
1130 Harvey Ground Owner LP		Delaware
1152 15th Street NW Ground Owner LLC		Delaware
1164-1172 Broadway Ground Owner LLC		Delaware
1180 Canton Street Ground Owner LLC		Delaware
1191 Devon Ln Ground Owner LLC		Delaware
120 Piedmont Avenue NE Ground Owner LLC		Delaware
1201-31 Lafayette Ground Owner LLC		Delaware
1201 Cleveland Ground Owner LLC		Delaware
1221 Division Street Ground Owner LLC		Delaware
1225 19th Street Ground Owner LLC		Delaware
1317 Tomoka Town Center Ground Owner LLC		Delaware
1325 Wilson Ground Owner LLC		Delaware
135 West 50^th Street Equity Member LLC		Delaware
135 West 50^th Street Ground Owner LLC		Delaware
13650 East Colfax Avenue Ground Owner LLC		Delaware
138 E 38^th Street Ground Owner LLC		Delaware
14 Skylark Blvd Ground Owner GenPar LLC		Delaware
14 Skylark Blvd Ground Owner LP		Delaware
1401 Ringling Blvd Ground Owner LLC		Delaware
1430 Q Street Ground Owner GenPar LLC		Delaware
1430 Q Street Ground Owner LP		Delaware
1452 K St GP LLC		Delaware
1452 K St Lender LP		Delaware
1452 K St Ground Owner LP		Delaware
1470 NW Glisan Street Equity Member LLC		Delaware
1470 NW Glisan Street Ground Owner LLC		Delaware
1520 Irving Street Ground Owner LLC		Delaware
1551 Wewatta Street Ground Owner LLC		Delaware
1570-1578 Humboldt Street Ground Owner LLC		Delaware
1600 W Girard Avenue Ground Owner LLC		Delaware
1650 Ashbury GenPar LLC		Delaware
1650 Ashbury Ground Owner LP		Delaware
1655 Berryessa GP LLC		Delaware
1655 Berryessa Ground Owner LP		Delaware

1661 Central Avenue Ground Owner LLC		Delaware
1800 E La Veta Ave GenPar LLC		Delaware
1800 E La Veta Ave Ground Owner LP		Delaware
1865 W North Temple Ground Owner LLC		Delaware
1936 Alum Rock GenPar LLC		Delaware
1936 Alum Rock Ground Owner LP		Delaware
195 Broadway Ground Owner LLC		Delaware
2 S 400 West Ground Owner LLC		Delaware
20 Cambridgeside Lender LLC		Delaware
20 Cambridgeside Lender Member LLC		Delaware
20 Cambridgeside Place Ground Owner LLC		Delaware
20 Cambridgeside Place Member LLC		Delaware
20 Hawley Street Ground Owner LLC		Delaware
200 Elm Street Ground Owner LLC		Delaware
2000 M Street NW Ground Owner LLC		Delaware
20005 Farnsleigh Road Ground Owner LLC		Delaware
2021 N Rome Ground Owner LLC		Delaware
204 East 4^th Street Ground Owner LLC		Delaware
2065 S Cherokee Street Ground Owner LLC		Delaware
218 NW 8^th Street Ground Owner LLC		Delaware
22 Chapel Street Ground Owner LLC		Delaware
220 25^th Ave N Ground Owner LLC		Delaware
200 S Bonnie Brae Ground Owner LLC		Delaware
2200 Wilson Boulevard Ground Owner LLC		Delaware
221 American Boulevard – Bloomington LLC		Delaware
225 E Cimarron Street Ground Owner LLC		Delaware
2360 S Main Street Ground Owner LLC		Delaware
2490 Kalakaua Ave Ground Owner LLC		Delaware
2600 Bishop Drive GenPar LLC		Delaware
2600 Bishop Drive Ground Owner LP		Delaware
274 Franklin Ground Owner LLC		Delaware
274 Franklin Member LLC		Delaware
2880 Alum Rock GenPar LLC		Delaware
2880 Alum Rock Ground Owner LP		Delaware
299 Broadway Ground Owner LLC		Delaware
299 Broadway Lender LLC		Delaware
299 Broadway Member LLC		Delaware
301 G Street Ground Owner LLC		Delaware
301 Washington Street Equity Member LLC		Delaware
301 Washington Street Landlord LLC		Delaware
3011 Hidden Forest Court Ground Owner LLC		Delaware
3025 Charlotte Avenue Ground Owner LLC		Delaware
310 S Jefferson GenPar Ground Owner LLC		Delaware
310 S Jefferson Street Ground Owner LP		Delaware
32 Old Stream, LLC		Delaware
32 Old Stream Member LLC		Delaware
32 TIC 2 JV LLC		Delaware
3275 Market GP LLC		Delaware
3275 Market Ground Owner LP		Delaware
3333 Old Milton Alpharetta LLC		Delaware
3364 Honeybrook Way GenPar LLC		Delaware
3364 Honeybrook Way Ground Owner LP		Delaware
3400 New Hyde Park Rd Ground Owner LLC		Delaware
3412 Victoria GP LLC		Delaware
3412 Victoria Ground Owner LP		Delaware
350 Rhode Island Street Ground Owner GenPar LLC		Delaware
350 Rhode Island Street Ground Owner LP		Delaware
3500 NW 24^th St. Ground Owner LLC		Delaware
3549 Iowa Ave Ground Owner LLC		Delaware
3630 NW 25^th St. Ground Owner LLC		Delaware
3719 Elgin Street Ground Owner LLC		Delaware
3930 Blake Street Ground Owner LLC		Delaware

3945 Connecticut Ave NW Equity Member LLC		Delaware
3945 Connecticut Ave NW Ground Owner LLC		Delaware
3981 Meier Ground Owner LP		Delaware
3981 Meier GP LLC		Delaware
4000 Brandywine Street NW Ground Owner LLC		Delaware
4000 Headwaters Way Ground Owner LLC		Delaware
400-530 112^th Avenue NE Ground Owner LLC		Delaware
401 W Michigan Street – Milwaukee LLC		Delaware
403 Dexter Avenue North Ground Owner LLC		Delaware
4050 Rocky Circle Equity Member LLC		Delaware
4050 Rocky Circle Ground Owner LLC		Delaware
411 Brazos Street Ground Owner LLC		Delaware
411 Ivy Ground Owner Gp LLC		Delaware
411 Ivy St Ground Owner LP		Delaware
414 2nd Street Ground Owner GenPar LLC		Delaware
414 2nd Street Ground Owner LP		Delaware
415 E 25^th Street Ground Owner LLC		Delaware
415 Herondo Street Ground Owner GenPar LLC		Delaware
415 Herondo Street Ground Owner LP		Delaware
4200 SW 54^th Court Ground Owner LLC		Delaware
425 Park Ave Ground Owner LLC		Delaware
425 Park Ave Equity Member LLC		Delaware
425 Park Ave REIT LLC		Delaware
425 Park Ave Safehold Member LLC		Delaware
425 Park REIT Manager LLC		Delaware
4300 Monterey GenPar LLC		Delaware
4300 Monterey Ground Owner LP		Delaware
4345 Matilija GP LLC		Delaware
4345 Matilija Ground Owner LP		Delaware
44 Olive Street Ground Owner LLC		Delaware
4550 Explorer Ground Owner LLC		Delaware
4550 Explorer Lender LLC		Delaware
4900 Seminary Road Ground Owner LLC		Delaware
500 West 23^rd Equity Member LLC		Delaware
500 West 23^rd Street Ground Owner LLC		Delaware
500 Woodward LLC		Delaware
5040 Calhoun Road Ground Owner LLC		Delaware
50-90 Castilian Drive Ground Owner GenPar LLC		Delaware
50-90 Castilian Drive Ground Owner LP		Delaware
515 22^nd Street NW Equity Member LLC		Delaware
515 22^nd Street NW Ground Owner LLC		Delaware
515 22^nd Street NW Lender LLC		Delaware
520 SW 11^th Ave Ground Owner LLC		Delaware
537 N Kenmore GP LLC		Delaware
537 N Kenmore Ground Owner LP		Delaware
5300 Baltimore Avenue Ground Owner LLC		Delaware
5601 Democracy Drive Ground Owner LLC		Delaware
5625 Case GP LLC		Delaware
5625 Case Ground Owner LP		Delaware
570 Washington Ground Owner LLC		Delaware
5749 Brynhurst GP LLC		Delaware
5749 Brynhurst Ground Owner LP		Delaware
5927 Mission GP LLC		Delaware
5927 Mission Ground Owner LP		Delaware
6000 Executive Blvd Ground Owner LLC		Delaware
6033 De Soto GP LLC		Delaware
6033 De Soto Ground Owner LP		Delaware
601 W Ocean Blvd Ground Owner GenPar LLC		Delaware
601 W Ocean Blvd Ground Owner LP		Delaware
61 Bond Street Ground Owner LLC (fka Hicksville GL Owner LLC)		Delaware
62 Hundred Hollywood N GenPar LLC		Delaware

62 Hundred Hollywood North LP		Delaware
62 Hundred Hollywood S GenPar LLC		Delaware
62 Hundred Hollywood South LP		Delaware
620 8^thAvenue S Ground Owner LLC		Delaware
6367 Lake Wilson Road Ground Owner LLC		Delaware
6670 Reseda Ground Owner LP		Delaware
6670 Reseda GP LLC		Delaware
67 Prince Street Ground Owner LLC		Delaware
685 Third Avenue Equity Member LLC		Delaware
685 Third Avenue Ground Owner LLC		Delaware
7401 164th Ave NE Ground Owner LLC		Delaware
7460 Warren Ground Owner LLC		Delaware
8 East 9^th St Equity Member LLC		Delaware
8 East 9^th Street Ground Owner LLC		Delaware
80 Saratoga Ground Owner LP		Delaware
80 Saratoga GenPar LLC		Delaware
8000 West Drive Ground Owner LLC		Delaware
8250 Meadow Road Ground Owner LLC		Delaware
8301 Anderson Drive Ground Owner LLC		Delaware
8310 Bella Grove Cir Ground Owner LLC		Delaware
8911 Ramsgate GP LLC		Delaware
8911 Ramsgate Ground Owner LP		Delaware
900 North Ninth Street Ground Owner LLC		Delaware
919 Eagle Dr Ground Owner LLC		Delaware
920 S Terrace Road Equity Member LLC		Delaware
920 S Terrace Road Ground Owner LLC		Delaware
959 Sterling Place Ground Owner LLC		Delaware
959 Sterling Pl Ground Member LLC		Delaware
9400 NW 41st Street Ground Owner LLC		Delaware
9615 Medical Center Drive Ground Owner LLC		Delaware
99 Shawan Road Ground Owner LLC		Delaware
99 193 Aiea Heights Drive Ground Owner LLC		Delaware
Biscayne View Ground Owner LLC		Delaware
CARET Management Holdings LLC		Delaware
CARET Services TRS Inc.		Delaware
CARET Ventures LLC		Delaware
Columbia Center JV LLC		Delaware
CTL I Maryland LLC		Delaware
E River Ridge Ground Owner LLC		Delaware
East Houston Ground Owner LLC		Delaware
East Houston Retail Owner LLC		Delaware
Glenridge Point Ground Owner LLC		Delaware
Great Oaks Ground Owner GenPar LLC		Delaware
Great Oaks Ground Owner LP		Delaware
Groundly Home Lessor LLC		Delaware
Groundly Home Owner LLC		Delaware
Groundly Land Owner LLC		Delaware
Harbor Bay Pkwy Ground Owner GenPar LLC		Delaware
Harbor Bay Pkwy Ground Owner LP		Delaware
Hubble Drive Lanham LLC		Delaware
iStar CTL Manager LLC		Delaware
iStar Dallas GL GenPar LLC		Delaware
iStar Dallas GL LP		Delaware
iStar DH Holdings TRS Inc.		Cayman Islands
iStar Financial Statutory Trust I		Delaware
iStar GL Plus Fund Administrator LLC		Delaware
iStar GL Plus Fund Member LLC		Delaware
iStar GL Plus REIT LLC		Delaware
iStar GL Plus Venture LLC		Delaware
iStar LH Fund LLC		Delaware
iStar LH Fund Manager LLC		Delaware
iStar LH Fund Member LLC		Delaware

iStar North Old Atlanta Road LLC		Delaware
iStar REO Holdings TRS LLC		Delaware
iStar Woodward LLC		Delaware
LH Fund REIT LLC		Delaware
Lighthouse GenPar LLC		Delaware
Lighthouse Ground Owner LP		Delaware
Madison Arizona Ground Owner LLC		Delaware
One Palm Apartment Equity Member LLC		Delaware
One Palm Apartment Owner LLC		Delaware
Pershing Point GL Venture LLC		Delaware
Promenade Ground Owner LLC		Delaware
Red Lion GP LLC		Delaware
Regency Lakeview GL GenPar LLC		Delaware
Regency Lakeview GL LP		Delaware
Regency Lakeview GL Venture LLC		Delaware
RLH GenPar II LLC		Delaware
RLH Partnership II LP		Delaware
RLH Partnership, L.P.		Delaware
SAFE GL Acquisition LLC		Delaware
SAFE Pershing Partner LLC		Delaware
SAFE Regency Partner LLC		Delaware
Safehold Columbia Center Member LLC		Delaware
Safehold Columbia Equity Member LLC		Delaware
Safehold Columbia Lender LLC		Delaware
Safehold Finco 1 LLC		Delaware
Safehold Finco 2 LLC		Delaware
Safehold GL Holdings LLC (fka Safehold Operating Partnership LP)		Delaware
Safehold GL Venture III LLC		Delaware
Safehold GL Venture III Member LLC		Delaware
Safehold GL Venture I LLC		Delaware
Safehold GL Venture REIT II LLC		Delaware
Safehold Ground Lease JV Member LLC		Delaware
Safehold Ground Lease Venture LLC		Delaware
Safehold Ground Owner Operating LLC		Delaware
Safehold Hotel OpCo Seattle LLC		Delaware
Safehold Hotel OpCo Sonoma LLC		Delaware
Safehold JV Administrator LLC		Delaware
Safehold Lender LLC		Delaware
Safehold Lender II LLC		Delaware
Safehold Management Services Inc.		Delaware
SFI I, LLC		Delaware
SFTY Manager LLC		Delaware
Silo Cinema, Inc.		New York
STAR 1111 Church Street Lender LLC		Delaware
STAR GL Plus Block 41 North REIT		Maryland
STAR GL Plus Block 41 South REIT		Maryland
University Ave GenPar LLC		Delaware
University Ave Ground Owner LP		Delaware
University Ave Lender LP		Delaware
University Ave Lender GP LLC		Delaware
West Ninth GenPar LLC		Delaware
West Ninth Ground Owner LP		Delaware
West Vue Ground Owner LLC		Delaware
Worchester Street Ground Owner LLC		Delaware
Worcester Street Member LLC		Delaware