EXHIBIT 21.1

SUBSIDIARIES

Name	Jurisdiction of Organization
IIT Springing Member Inc.	Delaware
Industrial Income Operating Partnership LP	Delaware
IIT Real Estate Holdco LLC	Delaware
IIT Acquisitions LLC	Delaware
IIT 1905 Raymond Avenue LLC	Delaware
IIT Pinole Business Park I LP	Delaware
IIT Pinole Business Park I GP LLC	Delaware
IIT 48350 Fremont BLVD LP	Delaware
IIT 48350 Fremont BLVD GP LLC	Delaware
IIT Bell Gardens Portfolio I LP	Delaware
IIT Bell Gardens Portfolio I GP LLC	Delaware
IIT Portland Portfolio – Airport Park LLC	Delaware
IIT Portland Portfolio – Airport Center LLC	Delaware
IIT Atlanta – Suwanee Pointe LLC	Delaware
IIT Baltimore Brandon Woods	Delaware
IIT Dallas - 3737 & 4024 Rock Quarry Road LP	Delaware
IIT Dallas - 3737 & 4024 Rock Quarry Road GP LLC	Delaware
IIT Hagerstown Distribution Center	Delaware
IIT Inland Empire - 3700 Indian Avenue LP	Delaware
IIT Inland Empire - 3700 Indian Avenue GP LLC	Delaware
IIT Tampa - 4410 Eagle Falls Place LLC	Delaware
IIT Kent Valley Distribution Center LLC	Delaware
IIT PA - 110 Summit Drive Owner LLC	Delaware
IIT PA - 110 Summit Drive LLC	Delaware
IIT Upper Marlboro Distribution Center LLC	Delaware