Exhibit 21.1

Bluerock Residential Growth REIT, Inc.

List of Subsidiaries

1. Bluerock REIT Holdings, LLC, a Delaware limited liability company

2. Bluerock Residential Holdings, L.P., a Delaware limited partnership

3. BRG FNMA Shelf 1, LLC, a Delaware limited liability company

4. BRG FNMA Shelf 2, LLC, a Delaware limited liability company

5. BRG FNMA Shelf 3, LLC, a Delaware limited liability company

6. BRG FNMA Shelf 4, LLC, a Delaware limited liability company

7. BRG FNMA Shelf 5, LLC, a Delaware limited liability company

8. BRG FNMA Shelf Manager, LLC, a Delaware limited liability company

9. BRG FNMA Shelf Member, LLC, a Delaware limited liability company

10. BR Grandewood, LLC, a Delaware limited liability company

11. BR Grandewood JV, LLC, a Delaware limited liability company

12. BRG Grandewood TRS, LLC, a Delaware limited liability company

13. BRG Grandewood, LLC, a Delaware limited liability company

14. BRG Grandewood Manager, LLC, a Delaware limited liability company

15. BR Park & Kingston Charlotte, LLC, a Delaware limited liability company

16. BR Stonehenge 23Hundred JV, LLC, a Delaware limited liability company

17. BRG Park and Kingston TRS, LLC, a Delaware limited liability company

18. BRG Park and Kingston Manager, LLC, a Delaware limited liability company

19. BEMT Berry Hill, LLC, a Delaware limited liability company

20. BR Palmer Ranch Property Owner, LLC, a Delaware limited liability company

21. BR Palmer Ranch JV, LLC, a Delaware limited liability company

22. BRG Palmer Ranch TRS, LLC, a Delaware limited liability company

23. BRG Palmer Ranch Manager, LLC, a Delaware limited liability company

24. BRG Palmer Ranch, LLC, a Delaware limited liability company

25. BR Gulfshore Property Owner, LLC, a Delaware limited liability company

26. BR Gulfshore JV, LLC, a Delaware limited liability company

27. BRG Gulfshore TRS, LLC, a Delaware limited liability company

28. BRG Gulfshore Manager, LLC, a Delaware limited liability company

29. BRG Gulfshore, LLC, a Delaware limited liability company

30. BR Henderson Beach, LLC, a Delaware limited liability company

31. BRG Henderson Beach Manager, LLC, a Delaware limited liability company

32. BRG Henderson Beach, LLC, a Delaware limited liability company

33. BR Carroll Tenside, LLC, a Delaware limited liability company

34. BR Carroll Tenside JV, LLC, a Delaware limited liability company

35. BR Tenside JV Member, LLC, a Delaware limited liability company

36. BRG Tenside, LLC, a Delaware limited liability company

37. BR Carroll Glenridge, LLC, a Delaware limited liability company

38. BR Carroll Glenridge JV, LLC, a Delaware limited liability company

39. BR Glenridge JV Member, LLC, a Delaware limited liability company

40. BRG Glenridge, LLC, a Delaware limited liability company

41. BR St. Lucie, LLC, a Delaware limited liability company

42. BR St. Lucie JV, LLC, a Delaware limited liability company

43. BRG St. Lucie TRS, LLC, a Delaware limited liability company

44. BRG St. Lucie Manager, LLC, a Delaware limited liability company

45. BRG St. Lucie, LLC, a Delaware limited liability company

46. BR 8700 Brodie Lane, LLC, a Delaware limited liability company

47. BRG 8700 Brodie Lane TRS, LLC, a Delaware limited liability company

48. BRG 8700 Brodie Lane Manager, LLC, a Delaware limited liability company

49. BR 8700 Brodie Lane JV, LLC, a Delaware limited liability company

50. BRG 8700 Brodie Lane, LLC, a Delaware limited liability company

51. BR Roswell, LLC, a Delaware limited liability company

52. BR Hawthorne Springhouse JV, LLC, a Delaware limited liability company

53. BR Springhouse Managing Member, LLC, a Delaware limited liability company

54. BR Springhouse TRS, LLC, a Delaware limited liability company

55. BEMT Springhouse, LLC, a Delaware limited liability company

56. BR 8800 South First, LLC, a Delaware limited liability company

57. BR F&B 8800 South First JV, LLC, a Delaware limited liability company

58. BR 8800 South First JV Member, LLC, a Delaware limited liability company

59. BRG 8800 South First, LLC, a Delaware limited liability company

60. BR Wesley Village, LLC, a Delaware limited liability company

61. BRG Wesley Venture, LLC, a Delaware limited liability company

62. BRG Wesley TRS, LLC, a Delaware limited liability company

63. BRG Wesley Investor, LLC, a Delaware limited liability company

64. BR CWS Cascades I Owner, LLC, a Delaware limited liability company

65. BR CWS 2017 Portfolio JV, LLC, a Delaware limited liability company

66. BR CWS Portfolio Member, LLC, a Delaware limited liability company

67. BRG CWS Portfolio, LLC, a Delaware limited liability company

68. BR CWS Cascades II Owner, LLC, a Delaware limited liability company

69. BR-HR Cypress Creek, LLC, a Delaware limited liability company

70. BR-HR Cypress Creek JV, LLC, a Delaware limited liability company

71. BR Cypress Creek JV Member, LLC, a Delaware limited liability company

72. BRG Cypress Creek, LLC, a Delaware limited liability company

73. BR Citrus Tower, LLC, a Delaware limited liability company

74. Bell BR Waterford Crossing JV, LLC, a Delaware limited liability company

75. BR Waterford JV Member, LLC, a Delaware limited liability company

76. BRG Citrus Tower Manager, LLC, a Delaware limited liability company

77. BR Waterford JV Minority Member, LLC, a Delaware limited liability company

78. BRG Waterford, LLC, a Delaware limited liability company

79. BR Greystone, LLC, a Delaware limited liability company

80. BRG Greystone Manager, LLC, a Delaware limited liability company

81. BRG Greystone, LLC, a Delaware limited liability company

82. BR Hunters Creek, LLC, a Delaware limited liability company

83. BRG Hunters Creek Manager, LLC, a Delaware limited liability company

84. BRG Hunters Creek, LLC, a Delaware limited liability company

85. BR Metrowest, LLC, a Delaware limited liability company

86. BR Metrowest Holdco, LLC, a Delaware limited liability company

87. BRG Metrowest Manager, LLC, a Delaware limited liability company

88. BRG Metrowest, LLC, a Delaware limited liability company

89. BR Greenville, LLC, a Delaware limited liability company

90. BRG Greenville Manager, LLC, a Delaware limited liability company

91. BRG Greenville, LLC, a Delaware limited liability company

92. BR CWS Plum Creek, LLC, a Delaware limited liability company

93. BR CWS Plum Creek JV, LLC, a Delaware limited liability company

94. BR Plum Member, LLC, a Delaware limited liability company

95. BRG Plum, LLC, a Delaware limited liability company

96. BR Sands Parc, LLC, a Delaware limited liability company

97. BR Sands Parc Manager, LLC, a Delaware limited liability company

98. BRG Sands Parc, LLC, a Delaware limited liability company

99. BR F&B Cactus Street, LLC, a Delaware limited liability company

100. BR F&B Cactus Street JV, LLC, a Delaware limited liability company

101. BRG Cactus Street, LLC, a Delaware limited liability company

102. BR F&B Willow Chase BLVD, LLC, a Delaware limited liability company

103. BR F&B Willow Chase BLVD JV, LLC, a Delaware limited liability company

104. BR Willow Chase BLVD Member, LLC, a Delaware limited liability company

105. BRG Willow Chase BLVD, LLC, a Delaware limited liability company

106. BR CWS Lakewood, LLC, a Delaware limited liability company

107. BR CWS Lakewood JV, LLC, a Delaware limited liability company

108. BRG Lakewood Manager, LLC, a Delaware limited liability company

109. BRG Lakewood, LLC, a Delaware limited liability company

110. BR Providence Nashville, LLC, a Delaware limited liability company

111. BR DFW Portfolio JV, LLC, a Delaware limited liability company

112. BR Providence Nashville Manager, LLC, a Delaware limited liability company

113. BRG DFW TRS, LLC, a Delaware limited liability company

114. BRG DFW Portfolio, LLC, a Delaware limited liability company

115. BR Element, LLC, a Delaware limited liability company

116. BR Element Manager, LLC, a Delaware limited liability company

117. BR Sanctuary, LLC, a Delaware limited liability company

118. BRG Sanctuary Manager, LLC, a Delaware limited liability company

119. BRG Sanctuary, LLC, a Delaware limited liability company

120. BR Denim Scottsdale TIC-1, LLC, a Delaware limited liability company

121. BRG Denim Scottsdale TIC-1 Manager, LLC, a Delaware limited liability company

122. BR-TBR Lake Boone Capital Member, LLC, a Delaware limited liability company

123. BRG Lake Boone NC TRS, LLC, a Delaware limited liability company

124. BRG Lake Boone NC, LLC, a Delaware limited liability company

125. BR Denim Scottsdale TIC-2, LLC, a Delaware limited liability company

126. BRG Denim Scottsdale TIC-2 Manager, LLC, a Delaware limited liability company

127. BR/CDP UCFP Venture, LLC, a Delaware limited liability company

128. BRG UCFP TRS, LLC, a Delaware limited liability company

129. BRG UCFP Investor, LLC, a Delaware limited liability company

130. BRG Denim Property Management, LLC, a Delaware limited liability company

131. BR F&B District, LLC, a Delaware limited liability company

132. BR F&B District Scottsdale JV, LLC, a Delaware limited liability company

133. BRG District Manager, LLC, a Delaware limited liability company

134. BRG District Scottsdale TRS, LLC, a Delaware limited liability company

135. BRG District Scottsdale, LLC, a Delaware limited liability company

136. BR Carroll Sandy Springs, LLC, a Delaware limited liability company

137. BR Carroll Sandy Springs JV, LLC, a Delaware limited liability company

138. BRG Sandy Springs Manager, LLC, a Delaware limited liability company

139. BRG World Gateway Orlando TRS, LLC, a Delaware limited liability company

140. BRG World Gateway Orlando, LLC, a Delaware limited liability company

141. BRG World Gateway Manager, LLC, a Delaware limited liability company

142. BRG Ground Lease Owner, LLC, a Delaware limited liability company

143. BR Elan, LLC, a Delaware limited liability company

144. BRG Elan Property Manager, LLC, a Delaware limited liability company

145. BRG FBS HoldCo, LLC, a Delaware limited liability company

146. BR Carrington Park LLC, a Delaware limited liability company

147. BRG Carrington Park Property Manager, LLC, a Delaware limited liability company

148. BR F&B Chevy Chase, LLC, a Delaware limited liability company

149. BR F&B Chevy Chase JV, LLC, a Delaware limited liability company

150. BRG Chevy Chase, LLC, a Delaware limited liability company

151. BR CRE Cielo, LLC, a Delaware limited liability company

152. BR CRE Cielo JV, LLC, a Delaware limited liability company

153. BRG Cielo, LLC, a Delaware limited liability company

154. BR SP Navigator, LLC, a Delaware limited liability company

155. BR SP Navigator JV, LLC, a Delaware limited liability company

156. BRG Navigator Manager, LLC, a Delaware limited liability company

157. BRG Navigator, LLC, a Delaware limited liability company

158. BR Avenue 25, LLC, a Delaware limited liability company

159. BR Avenue 25 JV, LLC, a Delaware limited liability company

160. BRG Avenue 25 Manager, LLC, a Delaware limited liability company

161. BRG Avenue 25 TRS, LLC, a Delaware limited liability company

162. BRG Whetstone Durham, LLC, a Delaware limited liability company

163. BR Falls at Forsyth, LLC, a Delaware limited liability company

164. BRG Falls at Forsyth Manager, LLC, a Delaware limited liability company

165. BRG Falls at Forsyth , LLC, a Delaware limited liability company

166. BR T&C Blvd. Owner, LLC, a Delaware limited liability company

167. BR T&C Blvd Mezz Borrower, LLC, a Delaware limited liability company

168. BR T&C BLVD., LLC, a Delaware limited liability company

169. BR T&C BLVD JV Member, LLC, a Delaware limited liability company

170. BRG T&C BLVD Houston, LLC, a Delaware limited liability company

171. BR Bellaire Blvd Owner, LLC, a Delaware limited liability company

172. BR Bellaire Blvd Mezz Borrower, LLC, a Delaware limited liability company

173. BR Bellaire BLVD, LLC, a Delaware limited liability company

174. BR Southside Member, LLC, a Delaware limited liability company

175. BRG Southside, LLC, a Delaware limited liability company

176. BR – ArchCo Domain Phase 1, LLC, a Delaware limited liability company

177. BRG ArchCo Domain Phase 1 Development Manager, LLC, a Delaware limited liability company

178. BR – ArchCo Domain Phase 1 JV, LLC, a Delaware limited liability company

179. BRG ArchCo Real Estate Development Manager, LLC, a Delaware limited liability company

180. BR Member Domain Phase 1, LLC, a Delaware limited liability company

181. BRG Domain Phase 1 Profit Share, LLC, a Delaware limited liability company

182. BRG Domain Phase 1, LLC, a Delaware limited liability company

183. BR ArchCo Flagler Village, LLC, a Delaware limited liability company

184. BR Flagler Investor, LLC, a Delaware limited liability company

185. BR ArchCo Flagler Village JV, LLC, a Delaware limited liability company

186. BR Flagler JV Member, LLC, a Delaware limited liability company

187. BRG Flagler Village Development Manager, LLC, a Delaware limited liability company

188. BRG Flagler Village, LLC, a Delaware limited liability company

189. BR Vickers Roswell, LLC, a Delaware limited liability company

190. BR Vickers Roswell JV, LLC, a Delaware limited liability company

191. BR Vickers Roswell JV Member, LLC, a Delaware limited liability company

192. BRG Vickers Roswell, LLC, a Delaware limited liability company

193. SW Leander, LLC, a Delaware limited liability company

194. BR SW Leander, LLC, a Delaware limited liability company

195. BRG Leander Investor, LLC, a Delaware limited liability company

196. Wayforth at Concord, LLC, a Delaware limited liability company

197. BRG Wayforth Investor, LLC, a Delaware limited liability company

198. Thornton Apartments, LP, a Texas limited partnership

199. Thornton Flats JV, LLC, a Delaware limited liability company

200. BRG Thornton Flats Investor, LLC, a Delaware limited liability company

201. EMF Chandler, LLC, a Delaware limited liability company

202. BR Encore Chandler JV, LLC, a Delaware limited liability company

203. BRG Chandler Investor, LLC, a Delaware limited liability company

204. Mira Vista Holdco, LLC, a Delaware limited liability company

205. Mira Vista JV, LLC, a Delaware limited liability company

206. BRG Mira Vista Investor, LLC, a Delaware limited liability company

207. Belmont Crossing, LLC, a Delaware limited liability company

208. Brookstone Terrace, LLC, a Delaware limited liability company

209. Brookstone Village, LLC, a Delaware limited liability company

210. Georgetown Crossing 168, LLC, a Delaware limited liability company

211. Park on the Square, LLC, a Delaware limited liability company

212. Water’s Edge 184, LLC, a Delaware limited liability company

213. Hunter’s Point 204, LLC, a Delaware limited liability company

214. Commons on Anniston, LLC, a Delaware limited liability company

215. BRG Avondale Mezz Lender, LLC, a Delaware limited liability company

216. BRG Catalyst Reunion Mezz Lender, LLC, a Delaware limited liability company

217. BR Chapel Hill, LLC, a Delaware limited liability company

218. BR Chapel Hill JV, LLC, a Delaware limited liability company

219. The Park at Chapel Hill, LLC, a Delaware limited liability company

220. The Park at Chapel Hill JV, LLC, a Delaware limited liability company

221. BRG Chapel Hill Lender, LLC, a Delaware limited liability company