Exhibit 21.1

List of Subsidiaries of the Registrant

 

Entity		State
NewLake Capital Partners, Inc.		MD
NewLake Capital Partners 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 79 GOLD STAR HWY CT, LLC		CT
NLCP 409 BALTIMORE PIKE PA, LLC		DE
NLCP 409 BALTIMORE PIKE PA, LLC		PA
NLCP 717 WEST UNION AVE IL, LLC		DE
NLCP 717 WEST UNION AVE IL, LLC		IL
NLCP 1036 WEST DEKALB PIKE PA, LLC		DE
NLCP 1036 WEST DEKALB PIKE PA, LLC		PA
NLCP 1150 NORTH 21ST ST OH, LLC		DE
NLCP 1150 NORTH 21ST ST OH, LLC		OH
NLCP 2400 WEST US ROUTE 6 IL, LLC		DE
NLCP 2400 WEST US ROUTE 6 IL, LLC		IL

NLCP 2541 WEST MAIN OK, LLC		DE
NLCP 2541 WEST MAIN OK, LLC		OK
NLCP 7303 KANIS RD AR, LLC		DE
NLCP 7303 KANIS RD AR, LLC		AR
NLCP 9930 WEST 190TH ST IL, LLC		DE
NLCP 9930 WEST 190TH ST IL, LLC		IL
NLCP 2301 16th Street SW ND, LLC		ND
NLCP 1413 W North IL, LLC		IL
GA 1 (Sanderson FL) LLC		FL
GA 2 (Uncasville CT) LLC,		CT
GA 3 (Sinking Spring PA) LLC		PA
GA 5 (Sterling MA) LLC,		MA
GA NA 1 (Lincoln IL) LLC		IL
GA NA 3 (Lincoln IL) LLC		IL