Exhibit 21.1

List of Subsidiaries of the Registrant

Entity	State
NLCP Operating Partnership LP	DE
NewLake Capital Partners OP GP, LLC	DE
NLCP 2229 DIEHL IL, LLC	IL
NLCP 4758 N. MILWAUKEE IL, LLC	IL
NLCP 156 LINCOLN MA, LLC	MA
NLCP 70 INDUSTRIAL MA, LLC	MA
NLCP 7 LEGION MA, LLC	MA
NLCP 4645 DE SOTO CA, LLC	CA
NLCP 164 GROVE STREET MA LLC	MA
NLCP 939 BOSTON TURNPIKE MA LLC	MA
NLCP 2424 CRANBERRY HWY MA LLC	MA
NLCP 520 SHAMOKIN STREET PA LLC	PA
NLCP 511 INDUSTRY PA, LLC	PA
NLCP 79 GOLD STAR HWY CT, LLC	DE
NLCP 409 BALTIMORE PIKE PA, LLC	DE
NLCP 717 WEST UNION AVE IL, LLC	DE
NLCP 1036 WEST DEKALB PIKE PA, LLC	DE
NLCP 1150 NORTH 21ST ST OH, LLC	DE
NLCP 2400 WEST US ROUTE 6 IL, LLC	DE
NLCP 7303 KANIS RD AR, LLC	DE
NLCP 9930 WEST 190TH ST IL, LLC	DE
NLCP 2301 16th Street SW ND, LLC	DE
NLCP 1413 W North IL, LLC	DE
NLCP 25 Ware ST MA, LLC	DE
NLCP 1 Oak Hill Rd MA, LLC	DE
NLCP 500 W Misty Willow LN AZ, LLC	DE
GA 2 (Uncasville CT) LLC	DE
GA 3 (Sinking Spring PA) LLC	DE
GA 5 (Sterling MA) LLC	DE
GA NA 1 (Lincoln IL) LLC	DE
GA NA 3 (Mount Dora FL) LLC	DE
GreenAcreage Management LLC	DE