Exhibit 21.1 ============ Subsidiaries of the Company as of January 1, 2001 ------------------------------------------------- Realty Income Texas Properties, L.P. a Delaware limited partnership Realty Income Texas Properties, Inc. a Delaware...

                          Exhibit 21.1
                          ============



Subsidiaries of the Company as of January 1, 2001
-------------------------------------------------

Realty Income Texas Properties, L.P.
  a Delaware limited partnership

Realty Income Texas Properties, Inc.
  a Delaware corporation

Crest Net Lease, Inc.
  a Delaware corporation

































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