EXHIBIT 21.1
Janus Living, Inc.
Subsidiaries Following Completion of the Formation Transactions
| Entity Name | Jurisdiction of Organization or Formation |
| Alewife PropCo 1, LLC | Delaware |
| Bothell OpCo 1, LLC | Delaware |
| Bothell PropCo 1, LLC | Delaware |
| Brandywine GP, LLC | Delaware |
| Brandywine HoldCo A, LLC | Delaware |
| Brandywine HoldCo B, LLC | Delaware |
| Brandywine PropCo 1, LLC | Delaware |
| CCRC – Freedom Fairways Golf Course, LLC | Delaware |
| CCRC – Freedom Pointe at the Villages, LLC | Delaware |
| CCRC – Lake Port Square, LLC | Delaware |
| CCRC – Regency Oaks, LLC | Delaware |
| CCRC – South Port Square, LLC | Delaware |
| CCRC HoldCo – Holland, LLC | Delaware |
| CCRC OpCo – Bradenton, LLC | Delaware |
| CCRC OpCo – Cypress Village, LLC | Delaware |
| CCRC OpCo – Freedom Square, LLC | Delaware |
| CCRC OpCo – Galleria Woods, LLC | Delaware |
| CCRC OpCo – Gleannloch Farms, LLC | Delaware |
| CCRC OpCo – Holland, LLC | Delaware |
| CCRC OpCo – Sun City Center, LLC | Delaware |
| CCRC OpCo Ventures, LLC | Delaware |
| CCRC PropCo – Bradenton, LLC | Delaware |
| CCRC PropCo – Cypress Village, LLC | Delaware |
| CCRC PropCo – Freedom Plaza, LLC | Delaware |
| CCRC PropCo – Freedom Square, LLC | Delaware |
| CCRC PropCo – Galleria Woods, LLC | Delaware |
| CCRC PropCo – Gleannloch Farms, LLC | Delaware |
| CCRC PropCo – Holland, LLC | Delaware |
| CCRC PropCo – Homewood Residence, LLC | Delaware |
| CCRC PropCo – Lady Lake, LLC | Delaware |
| CCRC-Brandywine, LLC | Delaware |
| Cypress Garden Homes, LLC | Delaware |
| East Cobb OpCo 1, LLC | Delaware |
| East Cobb PropCo 1, LLC | Delaware |
| FDG-Vintage Park II Property, LLC | Delaware |
| HCP MA3 Pennsylvania, LP | Delaware |
| HCP MA3 Virginia, LP | Delaware |
| HCP S-H OpCo TRS, LLC | Delaware |
| HCP S-H Sunrise OpCo HoldCo, LLC | Delaware |
| Janus Fund 1, LLC | Delaware |
| Janus Living OP, LLC | Maryland |
| Janus Living TRS, LLC | Delaware |
| Lake Port Square PropCo 1, LLC | Delaware |
| Lake Seminole Square PropCo 1, LLC | Delaware |
| Lake Seminole Square, LLC | Delaware |
| Leesburg OpCo 1, LLC | Delaware |
| Leesburg PropCo 1, LLC | Delaware |
| LPC OpCo HoldCo, LLC | Delaware |
| LPC PropCo HoldCo, LLC | Delaware |
| Nona Lakes OpCo 1, LLC | Delaware |
| Nona Lakes PropCo 1, LLC | Delaware |
| Quadrangle HoldCo A, LLC | Delaware |
| Quadrangle HoldCo B, LLC | Delaware |
| Regency Oaks PropCo 1, LLC | Delaware |
| S-H 2014 OpCo TRS, Inc. | Delaware |
| SH 2019 OpCo HoldCo I, LLC | Delaware |
| SH 2019 OpCo HoldCo II, LLC | Delaware |
| SH 2019 OpCo HoldCo III, LLC | Delaware |
| SH 2019 OpCo TRS I, LLC | Delaware |
| SH 2019 OpCo TRS II, LLC | Delaware |
| SH 2019 OpCo TRS III, LLC | Delaware |
| SH 2019 REIT I, LLC | Delaware |
| SH 2019 REIT II, LLC | Delaware |
| SH 2019 REIT III, LLC | Delaware |
| SH 2019 Ventures, LLC | Delaware |
| S-H OpCo Clear Lake, LLC | Delaware |
| S-H OpCo First Colony, LLC | Delaware |
| S-H OpCo Galleria, LLC | Delaware |
| S-H OpCo Germantown, LLC | Delaware |
| SH OpCo HoldCo, LLC | Delaware |
| SH OpCo Olney, LLC | Delaware |
| S-H OpCo Park at Vernon Hills, LLC | Delaware |
| S-H OpCo Pecan Park, LLC | Delaware |
| S-H OpCo Terrace Memorial City, LLC | Delaware |
| S-H OpCo Terrace West, LLC | Delaware |
| SH OpCo The Fairfax, LLC | Delaware |
| SH OpCo The Quadrangle, LLC | Delaware |
| S-H OpCo Vintage Park AL, LLC | Delaware |
| SH OpCo Vintage Park II, LLC | Delaware |
| SH PropCo Clear Lake, LLC | Delaware |
| SH PropCo First Colony, LLC | Delaware |
| SH PropCo Galleria, LLC | Delaware |
| SH PropCo Germantown, LLC | Delaware |
| SH PropCo HoldCo, LLC | Delaware |
| SH PropCo Olney II, LLC | Delaware |
| SH PropCo Park at Vernon Hills, LLC | Delaware |
| SH PropCo Pecan Park, LLC | Delaware |
| SH PropCo Terrace Memorial City, LLC | Delaware |
| SH PropCo Terrace West, LLC | Delaware |
| SH PropCo Vintage Park AL, LLC | Delaware |
| S-H Thirty-Five OpCo - Arvada Meridian, LLC | Delaware |
| S-H Thirty-Five OpCo - Boulder Meridian, LLC | Delaware |
| S-H Thirty-Five OpCo - Lakewood Meridian, LLC | Delaware |
| S-H Thirty-Five OpCo - Lowry, LLC | Delaware |
| S-H Thirty-Five OpCo - North Richland Hills, LLC | Delaware |
| S-H Thirty-Five OpCo - Round Rock, LLC | Delaware |
| S-H Thirty-Five OpCo - San Marcos, LLC | Delaware |
| S-H Thirty-Five OpCo - Westland Meridian, LLC | Delaware |
| S-H Thirty-Five PropCo - Arvada Meridian, LLC | Delaware |
| S-H Thirty-Five PropCo - Boulder Meridian, LLC | Delaware |
| S-H Thirty-Five PropCo - Lakewood Meridian, LLC | Delaware |
| S-H Thirty-Five PropCo - Lowry, LLC | Delaware |
| S-H Thirty-Five PropCo - North Richland Hills 1, LLC | Delaware |
| S-H Thirty-Five PropCo - North Richland Hills 2, LLC | Delaware |
| S-H Thirty-Five PropCo - Round Rock, LLC | Delaware |
| S-H Thirty-Five PropCo - San Marcos, LLC | Delaware |
| S-H Thirty-Five PropCo - Westland Meridian, LLC | Delaware |
| South Port Square PropCo 1, LLC | Delaware |
| The Villages PropCo 1, LLC | Delaware |
| West Cobb OpCo 1, LLC | Delaware |
| West Cobb PropCo 1, LLC | Delaware |
| Wildwood OpCo 1, LLC | Delaware |
| Wildwood PropCo 1, LLC | Delaware |