EXHIBIT 21
SUBSIDIARIES OF REGISTRANT
| Name | State of Formation and Organization | Trade Name | ||
| Damascus Centre, LLC | New Jersey | |||
| Westwood Hills, LLC | New Jersey | Westwood Hills | ||
| Wayne PSC, LLC | New Jersey | Preakness S/C | ||
| Grande Rotunda, LLC | Maryland | |||
| WestFREIT, Corp. | Maryland | |||
| FREIT Regency, LLC | New Jersey | Regency Club | ||
| Station Place on Monmouth, LLC | New Jersey | Station Place | ||
| Berdan Court, LLC | New Jersey | Berdan Court | ||
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