Exhibit 21.1

 

Name of Subsidiary  Jurisdiction of Formation 
47th Street Phoenix Airport Manager, LLC  Arizona 
Caliber ARC ManageCo, LLC  Delaware 
Caliber Auction Homes, LLC  Arizona 
Caliber Companies, LLC  Arizona 
Caliber Development, LLC  Arizona 
Caliber Hospitality Management Co., LLC  Delaware 
Caliber Hospitality Trust, Inc.  Maryland 
Caliber Hospitality, LLC  Arizona 
Caliber Lending, LLC  Arizona 
Caliber Opportunistic Growth Fund III GP, LLC  Delaware 
Caliber O-Zone Fund Manager, LLC  Arizona 
Caliber O-Zone Fund II Manager, LLC  Arizona 
Caliber Realty Group, LLC  Arizona 
Caliber Securities, LLC  Arizona 
Caliber Services, LLC  Arizona 
CBH 1 Phoenix ManageCo, LLC  Arizona 
CFIF III GP, LLC  Delaware 
CH Ocotillo Manager, LLC  Arizona 
CHPH Manager, LLC  Delaware 
Circle Lofts Manager, LLC  Arizona 
Commons ManageCo, LLC  Arizona 
CRA Manager, LLC  Arizona 
DFW Behavioral Health ManageCo, LLC  Arizona 
Diversified II GP, LLC  Delaware 
DT Mesa ManageCo, LLC  Arizona 
Elliot & 51st Street Manager, LLC  Arizona 
Encore ManageCo, LLC  Arizona 
Gateway II ManageCo, LLC  Arizona 
GC Square Manager, LLC  Arizona 
HI Hotel Manager, LLC  Arizona 
IBHG, Inc.  Arizona 
Ironwood ManageCo, LLC  Arizona 
J-25 Development Group, LLC  Delaware 
Lorca ManageCo, LLC  Arizona 
NB Sierra ManageCo, LLC  Arizona 
Northsight Crossing ManageCo, LLC  Delaware 
Pima Center ManageCo, LLC  Arizona 
Ridge II ManageCo, LLC  Delaware 
Riverwalk Developments ManageCo, LLC  Arizona 
Riverwalk Developments ManageCo 1, LLC  Arizona 
Riverwalk Developments ManageCo 2, LLC  Arizona 
Riverwalk Developments ManageCo 3, LLC  Arizona 
Riverwalk Developments ManageCo 4, LLC  Arizona 
Riverwalk Developments ManageCo 5, LLC  Arizona 
Riverwalk Land ManageCo, LLC  Arizona 
Roosevelt III ManageCo, LLC  Arizona 
Saddleback Ranch, LLC  Arizona 
SF Alaska Manager, LLC  Delaware 
Southpointe ManageCo, LLC  Arizona 
Southridge ManageCo, LLC  Colorado 
TCC Hotels Manager, LLC  Arizona 
Tucson East Manager, LLC  Arizona 
United Cities & Caliber Sustainable Opp Zone Fund Manager, LLC  Arizona