Exhibit 21.1

List of Subsidiaries of Spirit Realty Capital, Inc.

Name of Subsidiary	State of Incorporation or Formation
Spirit Realty, L.P.	Delaware
Spirit General OP Holdings, LLC	Delaware
Retail Endeavors Group VII, Ltd.	Texas
Spirit Limited Holdings, LLC	Delaware
Spirit Management Company II	Maryland
Spirit Master Funding II, LLC	Delaware
Spirit Master Funding III, LLC	Delaware
Spirit Master Funding IV, LLC	Delaware
Spirit Master Funding, LLC	Delaware
Spirit Pocono Corporation	Pennsylvania
Spirit Property Holdings, LLC	Delaware
Spirit SK Acquisition, LLC	Delaware
Spirit SPE Canton, LLC	Delaware
Spirit SPE Columbia, LLC	Delaware
Spirit SPE Covina, LLC	Delaware
Spirit SPE General Holdings II, LLC	Delaware
Spirit SPE General Holdings, LLC	Delaware
Spirit SPE Johnston, LLC	Delaware
Spirit SPE Manager, LLC	Delaware
Spirit SPE Missoula, LLC	Delaware
Spirit SPE Portfolio 2005-1, LLC	Delaware
Spirit SPE Portfolio 2005-2, LLC	Delaware
Spirit SPE Portfolio 2005-3, LLC	Delaware
Spirit SPE Portfolio 2005-4, LP	Delaware
Spirit SPE Portfolio 2005-5, LLC	Delaware
Spirit SPE Portfolio 2005-6, LLC	Delaware
Spirit SPE Portfolio 2006-1, LLC	Delaware
Spirit SPE Portfolio 2006-2, LLC	Delaware
Spirit SPE Portfolio 2006-3, LLC	Delaware
Spirit SPE Portfolio 2006-4, LLC	Delaware
Spirit SPE Portfolio 2007-1, LLC	Delaware
Spirit SPE Portfolio 2007-2, LLC	Delaware
Spirit SPE Portfolio 2007-3, LLC	Delaware
Spirit SPE Portfolio 2007-4, LLC	Delaware

Name of Subsidiary	State of Incorporation or Formation
Spirit SPE Portfolio 2007-5, LLC	Delaware
Spirit SPE Portfolio 2011-1, LLC	Delaware
Spirit SPE Portfolio 2012-1, LLC	Delaware
Spirit SPE Portfolio 2012-2, LLC	Delaware
Spirit SPE Portfolio 2012-3, LLC	Delaware
Spirit SPE Portfolio 2012-4, LLC	Delaware
Spirit SPE Portfolio 2012-5, LLC	Delaware
Spirit SPE Property Holdings II, LLC	Delaware
Spirit SPE Raleigh, LLC	Delaware
Spirit SPE SK Acquisition, LLC	Delaware
Spirit SPE US Amarillo 522, LP	Delaware
Spirit SPE US Amarillo 526, LP	Delaware
Spirit SPE US Amarillo 527, LP	Delaware
Spirit SPE US Amarillo 533, LP	Delaware
Spirit SPE US Burkburnett, LP	Delaware
Spirit SPE US Childress, LP	Delaware
Spirit SPE US Levelland, LP	Delaware
Spirit SPE US Lubbock, LP	Delaware
Spirit SPE US Perryton, LP	Delaware
Spirit SPE US Plainview, LLC	Delaware
Spirit SPE US Snyder, LLP	Delaware
Spirit SPE US Vernon, LP	Delaware
Spirit SPE US Wichita Falls, LP	Delaware
Spirit SPE Warehouse Funding, LLC	Delaware
Spirit SPE Worchester, LLC	Delaware