EXHIBIT 21
Morgan Stanley
List of Subsidiaries
As of 12/31/2015
| Company | Jurisdiction of Incorporation or Formation | |
| Morgan Stanley |
Delaware | |
| Bayfine DE Inc. |
Delaware | |
| Bayfine UK |
United Kingdom | |
| Belmondo LLC |
Delaware | |
| Cauca LLC |
Delaware | |
| Dean Witter Capital Corporation |
Delaware | |
| Dean Witter Realty Inc. |
Delaware | |
| Realty Management Services Inc. |
Delaware | |
| Dean Witter Reynolds Venture Equities Inc. |
Delaware | |
| Early Adopter Fund Manager Inc. |
Delaware | |
| Fuegos LLC |
Delaware | |
| Fundlogic (Jersey) Limited |
Jersey, Channel Is. | |
| FV-I, Inc. |
Delaware | |
| Japan Core Funding, Inc. |
Delaware | |
| Jolter Investments Inc. |
Delaware | |
| Morgan Stanley (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley ABS Capital I Inc. |
Delaware | |
| Morgan Stanley Altabridge Ltd. |
Cayman Islands | |
| Morgan Stanley Amanu LLC |
Delaware | |
| Morgan Stanley Asset Funding Inc. |
Delaware | |
| Morgan Stanley Atlas, Inc. |
Delaware | |
| Morgan Stanley Biscay LLC |
Delaware | |
| Morgan Stanley Epsilon Investments Limited |
United Kingdom | |
| Morgan Stanley Alpha Investments LLP |
United Kingdom | |
| Morgan Stanley Capital Group Inc. |
Delaware | |
| Aegir Services International Ltd. |
Bermuda | |
| Cayman Energy Ltd. |
Cayman Islands | |
| Ghent Energy Limited |
Cayman Islands | |
| Granite Wash LLC |
Delaware | |
| Heidmar Group Inc. |
Delaware | |
| Houston Bayport Energy LLC |
Delaware | |
| Morgan Stanley Bay Shore LLC |
Delaware | |
| Morgan Stanley Capital Group (Espana), S.L.U. |
Spain | |
| Morgan Stanley Capital Group Czech Republic s.r.o. |
Czech Republic | |
| Morgan Stanley Capital Group Energy Europe Limited |
United Kingdom | |
| Morgan Stanley Clean Development, LLC |
Delaware | |
| Morgan Stanley Renewables Development I (Cayman) Limited |
Cayman Islands | |
| Morgan Stanley Commodities Investment Limited |
Cayman Islands | |
| Morgan Stanley Energy Capital Inc. |
Delaware | |
| Morgan Stanley Energy Development Corp. |
Delaware | |
| SEM Royalties LLC |
Delaware | |
| Wellbore Capital, LLC |
Delaware | |
| MS Permian LLC |
Delaware | |
| MS TELA LLC |
Delaware | |
| MS TGX LLC |
Delaware | |
| MSDW Power Development Corp. |
Delaware | |
| American Chemicals, LLC |
Delaware | |
| MS Solar Canada Holdings Inc. |
Delaware | |
| MS Solar Holdings Canada ULC |
Canada | |
| MS Solar Solutions Canada ULC |
Canada | |
| MS Solar Investments LLC |
Delaware | |
| MS Solar Holdings Inc. |
Delaware | |
| MS Solar Solutions Corp. |
Delaware | |
| Naniwa Energy LLC |
Delaware | |
| Naniwa Terminal LLC |
Delaware | |
| Pioneer Energy Holdings Pty Ltd |
Australia | |
| Pioneer Energy Pty Ltd |
Australia | |
| Power Contract Financing II, L.L.C. |
Delaware | |
| Rolympus (UK) Commodities (Holdings) Limited |
United Kingdom | |
| South Eastern Electric Development Corporation |
Delaware | |
| South Eastern Generating Corporation |
Delaware | |
| Sparta Energy Limited |
Cayman Islands | |
| TransMontaigne Canada Holdings Inc. |
Canada |
| TMG Canadian Holdings L.L.C. |
Delaware | |
| Olco Petroleum Group ULC (OLCO) |
Canada | |
| TransMontaigne Marketing Canada Inc. |
Canada | |
| Utility Contract Funding II, LLC |
Delaware | |
| Morgan Stanley Capital I Inc. |
Delaware | |
| Morgan Stanley Capital Management, LLC |
Delaware | |
| Morgan Stanley Domestic Holdings, Inc. |
Delaware | |
| GHY Capital II B.V. |
The Netherlands | |
| Morgan Stanley & Co. LLC |
Delaware | |
| Hilo Investment Fund |
Cayman Islands | |
| Morgan Stanley Flexible Agreements Inc. |
Delaware | |
| PI Co-Invest LLC |
Delaware | |
| Prime Dealer Services Corp. |
Delaware | |
| V2 Holdings (USA), Inc. |
Delaware | |
| Gee Street Records, Inc. |
Delaware | |
| V2 Records, Inc. |
Delaware | |
| Morgan Stanley Capital Products LLC |
Delaware | |
| Morgan Stanley Capital Services LLC |
Delaware | |
| Morgan Stanley Commercial Financial Services LLC |
Delaware | |
| Morgan Stanley Delta Holdings LLC |
New York | |
| Morgan Stanley Bank, N.A. |
Federal Charter | |
| Morgan Stanley Private Bank, National Association |
Federal Charter | |
| Morgan Stanley NLE, LLC |
Delaware | |
| Morgan Stanley Services Holdings LLC |
Delaware | |
| Morgan Stanley Services Group Inc. |
Delaware | |
| MS Financing LLC |
Delaware | |
| Morgan Stanley 1585 Broadway LLC |
Delaware | |
| Morgan Stanley 750 Building Corp. |
Delaware | |
| Broadway 522 Fifth JV LLC |
Delaware | |
| GHY Capital B.V. |
The Netherlands | |
| MS Harrison LLC |
Delaware | |
| Morgan Stanley Smith Barney Holdings LLC |
Delaware | |
| Alternative Investments Mgr, Ltd. |
Cayman Islands | |
| Ceres Managed Futures LLC |
Delaware | |
| Consulting Group Advisory Services LLC |
Delaware | |
| LM Falcon Investment Strategies LLC |
Delaware | |
| Peregrine Investments, LLC |
Maryland | |
| Morgan Stanley AI GP LLC |
Delaware | |
| Morgan Stanley Cayman Financing Services |
Cayman Islands | |
| Morgan Stanley Smith Barney FA Notes Holdings LLC |
Delaware | |
| Morgan Stanley Smith Barney Financing LLC |
Delaware | |
| Morgan Stanley Smith Barney Holdings (UK) Limited |
United Kingdom | |
| Morgan Stanley Private Wealth Management Limited |
United Kingdom | |
| Morgan Stanley Smith Barney LLC |
Delaware | |
| Morgan Stanley Insurance Services Inc. |
Delaware | |
| SBHU Life Agency, Inc. |
Delaware | |
| Morgan Stanley Smith Barney Private Management II LLC |
Delaware | |
| Morgan Stanley Smith Barney Private Management LLC |
Delaware | |
| Morgan Stanley Smith Barney Venture Services LLC |
Delaware | |
| Morgan Stanley Strategies II LLC |
Delaware | |
| Morgan Stanley Strategies LLC |
Delaware | |
| Morgan Stanley Swiss Holdings GmbH |
Switzerland | |
| Morgan Stanley (Switzerland) AG |
Switzerland | |
| Morgan Stanley Wealth Management Australia Pty Ltd |
Australia | |
| Bow Lane Nominees Pty. Ltd. |
Australia | |
| Pettingell LLC |
Delaware | |
| Morgan Stanley Capital Partners III, Inc. |
Delaware | |
| MSCP III, LLC |
Delaware | |
| Morgan Stanley Capital REIT Inc. |
Delaware | |
| Saxon Advance Receivables Company, Inc. |
Delaware | |
| Morgan Stanley Capital REIT IV Inc. |
Delaware | |
| Morgan Stanley Capital Trust III |
Delaware | |
| Morgan Stanley Capital Trust IV |
Delaware | |
| Morgan Stanley Capital Trust V |
Delaware | |
| Morgan Stanley Capital Trust VIII |
Delaware | |
| Morgan Stanley Community Investments LLC |
Delaware | |
| Morgan Stanley Impact Mezzanine GP LLC |
Delaware | |
| Morgan Stanley Impact SBIC LP |
Delaware | |
| Morgan Stanley Credit Products Ltd. |
Cayman Islands | |
| Morgan Stanley Darica Funding, LLC |
Delaware | |
| Ascension Loan Vehicle, LLC |
Delaware | |
| Morgan Stanley Dean Witter Equity Funding, Inc. |
Delaware | |
| Morgan Stanley Dean Witter International Incorporated |
Delaware | |
| Morgan Stanley (DWRRBS) Limited |
United Kingdom |
| Morgan Stanley Derivative Products Inc. |
Delaware | |
| Morgan Stanley Durango LLC |
Delaware | |
| Morgan Stanley Amba Alagi LLC |
Delaware | |
| Morgan Stanley Emerging Markets Inc. |
Delaware | |
| Inter Capital Alliance Asset Management Co., Ltd. |
Thailand | |
| Inter Capital Alliance Holding Limited |
Thailand | |
| MS China 3 Limited |
Cayman Islands | |
| MS China 5 Limited |
Cayman Islands | |
| MSPI Hong Kong 1 Limited |
Hong Kong | |
| Philippine Asset Investment (SPV-AMC), Inc. |
The Philippines | |
| Morgan Stanley Equity Services Inc. |
Delaware | |
| Morgan Stanley Europa LLC |
Delaware | |
| Morgan Stanley Himalia Cayman Limited |
Cayman Islands | |
| Morgan Stanley Sinope Cayman Limited |
Cayman Islands | |
| Morgan Stanley Adrastea Netherlands B.V. |
The Netherlands | |
| Morgan Stanley IO Cayman Limited |
Cayman Islands | |
| Morgan Stanley Iocaste Cayman Limited |
Cayman Islands | |
| Morgan Stanley Pasiphae Netherlands B.V. |
The Netherlands | |
| Morgan Stanley Luxembourg Holdings S.a r.l. |
Luxembourg | |
| Morgan Stanley Europe Holdings S.a r.l. |
Luxembourg | |
| Morgan Stanley Global Holdings S.a r.l. |
Luxembourg | |
| Morgan Stanley Luxembourg Holdings II S.a r.l. |
Luxembourg | |
| Morgan Stanley Luxembourg International Holdings S.a r.l. |
Luxembourg | |
| Morgan Stanley Metis (Gibraltar) Limited |
Gibraltar | |
| MS GT Investments Limited |
United Kingdom | |
| MS SK Investments Limited |
United Kingdom | |
| Morgan Stanley Fixed Income Ventures Inc. |
Delaware | |
| Morgan Stanley Principal Investments, Inc. |
Delaware | |
| MHC Co-Invest Genpar |
Cayman Islands | |
| MHC Co-Invest, LP |
Cayman Islands | |
| Morgan Stanley Principal Investments Europe LLC |
Delaware | |
| Morgan Stanley Principal Investments Netherlands BV |
The Netherlands | |
| MS China 11 Limited |
Cayman Islands | |
| MS China 8 Limited |
Cayman Islands | |
| MS China 4 Limited |
Cayman Islands | |
| MSPI Mauritius 1 Limited |
Mauritius | |
| Project Stone Holdings, LLC |
Delaware | |
| Viatel Investor HoldCo LLC |
Delaware | |
| Morgan Stanley Strategic Investments, Inc. |
Delaware | |
| Eaux Vives Water Inc. |
Canada | |
| Morgan Stanley Fund Services Inc. |
Delaware | |
| Morgan Stanley Fund Services (Bermuda) Ltd. |
Bermuda | |
| Morgan Stanley Fund Services (Cayman) Ltd. |
Cayman Islands | |
| Morgan Stanley Fund Services (Hong Kong) Limited |
Hong Kong | |
| Morgan Stanley Fund Services (Ireland) Limited |
Ireland | |
| Morgan Stanley Fund Services (UK) Limited |
United Kingdom | |
| Morgan Stanley Fund Services USA LLC |
Delaware | |
| Morgan Stanley Global Emerging Markets, Inc. |
Delaware | |
| MSGEM, LLC |
Delaware | |
| Morgan Stanley Global Funding Trust |
Delaware | |
| Morgan Stanley Hedging Co. Ltd. |
Cayman Islands | |
| Psylon Holding Limited |
Cyprus | |
| Morgan Stanley International Holdings Inc. |
Delaware | |
| Archimedes Investments Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley B.V. |
The Netherlands | |
| European Principal Assets Limited |
United Kingdom | |
| Limited Liability Company Morgan Stanley Ukraine |
Ukraine | |
| Morgan Stanley (Israel) Limited |
Israel | |
| Morgan Stanley (Thailand) Limited |
Thailand | |
| Morgan Stanley AB |
Sweden | |
| Morgan Stanley Advantage Services Pvt. Ltd. |
India | |
| Morgan Stanley Asia Holdings I Limited |
Cayman Islands | |
| Morgan Stanley Asia Holdings Limited |
Cayman Islands | |
| Morgan Stanley (Hong Kong) Holdings Limited |
Hong Kong | |
| Morgan Stanley Asia Regional (Holdings) IV Limited |
Cayman Islands | |
| Morgan Stanley Hong Kong 1238 Limited |
Hong Kong | |
| Limited Liability Company Rinocenter |
Russian Federation | |
| Morgan Stanley Hong Kong Limited |
Hong Kong | |
| Morgan Stanley Asia International Limited |
Hong Kong | |
| Morgan Stanley Asia Securities Products LLC |
Cayman Islands | |
| Morgan Stanley Asia (Taiwan) Ltd. |
Republic of China | |
| Morgan Stanley Asia Limited |
Hong Kong | |
| Morgan Stanley Asia Products Limited |
Cayman Islands | |
| Morgan Stanley Hong Kong Securities Limited |
Hong Kong |
| Morgan Stanley Swallow Limited |
United Kingdom | |
| Hampshire Trading B.V. |
The Netherlands | |
| Lancashire Trading B.V. |
The Netherlands | |
| Wiltshire Trading B.V. |
The Netherlands | |
| Morgan Stanley Funding Limited |
Jersey, Channel Is. | |
| Yorkshire Trading B.V. |
The Netherlands | |
| Volmar Holdings Limited |
Cyprus | |
| Morgan Stanley Hong Kong 1239 Limited |
Hong Kong | |
| Morgan Stanley Information Technology (Shanghai) Limited |
People’s Rep. of China | |
| Morgan Stanley Services Pty Limited |
Australia | |
| Morgan Stanley Asia Regional (Holdings) III LLC |
Cayman Islands | |
| Morgan Stanley (Singapore) Holdings Pte. Ltd. |
Singapore | |
| Morgan Stanley Asia (Singapore) Pte. |
Singapore | |
| Morgan Stanley Asia (Singapore) Securities Pte Ltd |
Singapore | |
| Morgan Stanley Capital Group (Singapore) Pte. |
Singapore | |
| Morgan Stanley Gateway Securities JSC |
Vietnam | |
| Morgan Stanley Investment Management Company |
Singapore | |
| Morgan Stanley Labuan Investment Bank Limited |
Malaysia | |
| Morgan Stanley Singapore Pte. Ltd. |
Singapore | |
| Morgan Stanley Dean Witter Japan Group, Ltd. |
Cayman Islands | |
| Morgan Stanley Investment Holdings Jersey Limited |
Jersey, Channel Is. | |
| Norfolk Trading B.V. |
The Netherlands | |
| MSDW-JL Holdings II Limited |
Cayman Islands | |
| MS Remora Ltd. |
Cayman Islands | |
| MSJL Holdings 4682 Limited |
Cayman Islands | |
| MSJL Holdings Limited |
Cayman Islands | |
| Morgan Stanley Japan Holdings Co., Ltd. |
Japan | |
| Jipang Mortgage Finance Co., Ltd. |
Japan | |
| Morgan Stanley Capital Group Japan Co., Ltd. |
Japan | |
| Morgan Stanley Capital K.K. |
Japan | |
| Morgan Stanley Credit Products Japan Co., Ltd. |
Japan | |
| TM, Limited |
Japan | |
| Morgan Stanley Investment Management (Japan) Co., Ltd. |
Japan | |
| Morgan Stanley Japan Business Group Co., Ltd. |
Japan | |
| Morgan Stanley Japan Group Co., Ltd. |
Japan | |
| Morgan Stanley MUFG Securities Co., Ltd. |
Japan | |
| MS Japan REIT Holding KK |
Japan | |
| MS CYM Preferred Ltd. |
Cayman Islands | |
| MSJS Preferred YK |
Japan | |
| MSDW Birkdale Limited |
Cayman Islands | |
| MSDW Muirfield Limited |
Cayman Islands | |
| Morgan Stanley Asia Pacific Services Limited |
United Kingdom | |
| Morgan Stanley Asset Management S.A. |
Luxembourg | |
| Morgan Stanley Australia Finance Pty Limited |
Australia | |
| Morgan Stanley Bank AG |
Germany | |
| Morgan Stanley Business Consulting (Shanghai) Limited |
People’s Rep. of China | |
| Morgan Stanley Canada Limited |
Canada | |
| Morgan Stanley Capital (Luxembourg) S.A. |
Luxembourg | |
| Morgan Stanley Capital, S.A. de C.V. |
Mexico | |
| Morgan Stanley Commodities Trading Hong Kong Holdings Limited |
Hong Kong | |
| Morgan Stanley Commodities Trading (China) Limited |
People’s Rep. of China | |
| Morgan Stanley Hungary Analytics Limited |
Hungary | |
| Morgan Stanley International Limited |
United Kingdom | |
| Morgan Stanley Group (Europe) |
United Kingdom | |
| Morgan Stanley Angel Limited |
Cayman Islands | |
| Morgan Stanley Bramley Investments Limited |
United Kingdom | |
| Morgan Stanley Finance (C.I.) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Strategic Funding Limited |
United Kingdom | |
| OOO Morgan Stanley Bank |
Russian Federation | |
| V2 Music (Holdings) Limited (In Members’ Voluntary liquidation) |
United Kingdom | |
| Morgan Stanley UK Group |
United Kingdom | |
| Morgan Stanley Amalthea UK Limited |
United Kingdom | |
| Morgan Stanley Investments (UK) |
United Kingdom | |
| Morgan Stanley & Co. International plc |
United Kingdom | |
| Cabot 38 Limited |
United Kingdom | |
| Morgan Stanley (France) SAS |
France | |
| Morgan Stanley Client Securities Nominees Limited |
United Kingdom | |
| Morgan Stanley Equity Finance (Denmark) ApS |
Denmark | |
| Morgan Stanley Equity Financing Services (Sweden) AB |
Sweden | |
| Morgan Stanley Havel GmbH |
Germany | |
| Morgan Stanley Mosel GmbH |
Germany | |
| Morgan Stanley Humboldt Investments Limited |
United Kingdom | |
| Clearcreek, S.L.U. |
Spain | |
| Morgan Stanley Kochi Limited |
Cayman Islands |
| Morgan Stanley Waterloo Limited |
Cayman Islands | |
| Morgan Stanley Langton Limited |
United Kingdom | |
| Morgan Stanley Equity Investments (Luxembourg) |
Ireland | |
| Morgan Stanley Corporate Holdings (Luxembourg) |
Ireland | |
| Morgan Stanley Derivative Products Spain S.L. |
Spain | |
| Morgan Stanley Equity Finance (Malta) Limited |
Malta | |
| Morgan Stanley Grund S.a.r.L |
Luxembourg | |
| Morgan Stanley Derivative Products (Portugal), Unipessoal LDA |
Portugal | |
| Morgan Stanley Equity Investments (UK) Limited |
Cayman Islands | |
| Morgan Stanley Equity Trading (DIFC) Limited |
United Arab Emirates | |
| Morgan Stanley Heythorp Investments |
Ireland | |
| Morgan Stanley Equity Holding (Netherlands) B.V. |
The Netherlands | |
| Global Equity High Yield Fund B.V. |
The Netherlands | |
| Morgan Stanley Longcross Limited |
United Kingdom | |
| Morgan Stanley Cooper Investments Limited |
United Kingdom | |
| Morgan Stanley Derivative Products (Netherlands) B.V. |
The Netherlands | |
| Drake II Investments Limited |
Cayman Islands | |
| Morgan Stanley Equity Financing Limited |
United Kingdom | |
| Morgan Stanley Maple Investments Limited (In Members’ Voluntary liquidation) |
United Kingdom | |
| Morgan Stanley Montrose Investments Limited |
United Kingdom | |
| Morgan Stanley Rivelino Investments Limited |
United Kingdom | |
| Morgan Stanley Dolor Limited |
Cayman Islands | |
| Morgan Stanley Tostao Limited |
Cayman Islands | |
| Morgan Stanley Silvermere Limited |
United Kingdom | |
| Morgan Stanley Bowline Limited (In Members’ Voluntary liquidation) |
United Kingdom | |
| Morgan Stanley Northcote Investments Limited |
United Kingdom | |
| Shavano Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Strategic Investments Limited |
United Kingdom | |
| Morgan Stanley Taiwan Limited |
Republic of China | |
| Morgan Stanley Turnberry Limited |
United Kingdom | |
| Morgan Stanley Montgomerie Investments Limited |
United Kingdom | |
| Morgan Stanley Equity Derivative Services (Luxembourg) S.a r.l |
Luxembourg | |
| Morgan Stanley Langtree Investments B.V. |
The Netherlands | |
| Morgan Stanley Mallard Investments Limited |
United Kingdom | |
| Morgan Stanley Millbrae Investments B.V. |
The Netherlands | |
| Morstan Nominees Limited |
United Kingdom | |
| Morgan Stanley & Co. Limited |
United Kingdom | |
| East Sussex Financing Limited |
Jersey, Channel Is. | |
| Cottenden Financing Unlimited |
Jersey, Channel Is. | |
| Morgan Stanley Bank International Limited |
United Kingdom | |
| Morgan Stanley Bank International (China) Limited |
People’s Rep. of China | |
| Morgan Stanley Investment Management Limited |
United Kingdom | |
| Morgan Stanley Investment Management (ACD) Limited |
United Kingdom | |
| Morgan Stanley Securities Limited |
United Kingdom | |
| Morgan Stanley Services (UK) Limited |
United Kingdom | |
| Morgan Stanley UK Limited |
United Kingdom | |
| Morgan Stanley Pension Trustee Limited |
United Kingdom | |
| Morgan Stanley Trustee Limited |
United Kingdom | |
| Morgan Stanley Wertpapiere GmbH |
Germany | |
| Morgan Stanley Investment Consultancy (Shanghai) Limited |
People’s Rep. of China | |
| Morgan Stanley Investment Management (Australia) Pty Limited |
Australia | |
| Morgan Stanley Investment Management Consultancy (Shanghai) Limited |
People’s Rep. of China | |
| Morgan Stanley Investments (Mauritius) Limited |
Mauritius | |
| Morgan Stanley Jubilee Investments Limited |
United Kingdom | |
| Morgan Stanley UK Financing II LP |
United Kingdom | |
| Morgan Stanley Cadzand III Limited |
Cayman Islands | |
| Morgan Stanley Management Service (Shanghai) Limited |
People’s Rep. of China | |
| Morgan Stanley Mauritius Company Limited |
Mauritius | |
| Elderslie Limited |
Cayman Islands | |
| Morgan Stanley Global Services Mauritius |
Mauritius | |
| Morgan Stanley India Capital Private Limited |
India | |
| Morgan Stanley India Primary Dealer Private Limited |
India | |
| Morgan Stanley India Securities Private Limited |
India | |
| Morgan Stanley India Company Private Limited |
India | |
| Morgan Stanley India Financial Services Private Limited |
India | |
| Morgan Stanley India Services Private Limited |
India | |
| Morgan Stanley Investment Management Private Limited |
India | |
| Morgan Stanley Properties India Real Estate Management Private Limited |
India | |
| Morgan Stanley Solutions India Private Limited |
India | |
| Morgan Stanley Menkul Degerler A.S. |
Turkey | |
| Morgan Stanley México, Casa de Bolsa, S.A. de C.V. |
Mexico | |
| Morgan Stanley Middle East Inc. |
Delaware | |
| Morgan Stanley Saudi Arabia |
Saudi Arabia | |
| Morgan Stanley Pacific Limited |
Hong Kong |
| Morgan Stanley (China) Private Equity Investment Management Co., Ltd. |
People’s Rep. of China | |
| Hangzhou Haergai Investment Consultancy Partnership Entity (Limited Partnership) |
People’s Rep. of China | |
| Hangzhou Morgan Stanley Investment Consulting Partnership Enterprise, L.P. |
People’s Rep. of China | |
| Morgan Stanley Investment Consultancy (Beijing) Company Limited |
People’s Rep. of China | |
| Morgan Stanley Pacific Services Limited |
United Kingdom | |
| Morgan Stanley Poggio Secco Limited |
Cayman Islands | |
| Alpino Investments Limited |
Cayman Islands | |
| Morgan Stanley Clare S.a r.l. |
Luxembourg | |
| Morgan Stanley San Donato S.a r.l. |
Luxembourg | |
| Morgan Stanley Syrah Two Limited |
Cayman Islands | |
| Morgan Stanley Donegan Limited |
Cayman Islands | |
| Morgan Stanley Private Equity Asia Limited |
Hong Kong | |
| Morgan Stanley Private Equity Management Korea, Ltd. |
Republic of Korea | |
| Morgan Stanley Real Estate Investment GmbH |
Germany | |
| Morgan Stanley South Africa (Proprietary) Limited |
South Africa | |
| Morgan Stanley Spanish Holdings S.L.U |
Spain | |
| Morgan Stanley S.V., S.A.U. |
Spain | |
| Morgan Stanley Trading Beteiligungs-GmbH |
Germany | |
| MS China 16 Limited |
Cayman Islands | |
| MS Equity Financing Services (Luxembourg) S.A. |
Luxembourg | |
| MS Gamma Holdings LLC |
Delaware | |
| MSAM/Kokusai (Cayman Islands), Inc. |
Cayman Islands | |
| MSAM/Kokusai II (Cayman Islands), Inc. |
Cayman Islands | |
| MSL Incorporated |
Delaware | |
| PT. Morgan Stanley Asia Indonesia |
Indonesia | |
| PT. Morgan Stanley Indonesia |
Indonesia | |
| Morgan Stanley International Incorporated |
Delaware | |
| Morgan Stanley (Australia) Securities Holdings Pty Limited |
Australia | |
| Morgan Stanley Australia Securities Limited |
Australia | |
| Morgan Stanley Australia Securities (Nominee) Pty Limited |
Australia | |
| Morgan Stanley Australia Limited |
Australia | |
| Morgan Stanley International Finance S. A. |
Luxembourg | |
| Morgan Stanley Capital Holdings |
United Kingdom | |
| Morgan Stanley UK Financing I LP |
United Kingdom | |
| Morgan Stanley Luxembourg Financing I S.a r.l |
Luxembourg | |
| Morgan Stanley International Insurance Ltd. |
Bermuda | |
| Peconic Indemnity Company |
Arizona | |
| Morgan Stanley Latin America Incorporated |
Delaware | |
| Banco Morgan Stanley S.A. |
Brazil | |
| Morgan Stanley Administradora de Carteiras S.A. |
Brazil | |
| Morgan Stanley Corretora de Titulos e Valores Mobiliarios S.A. |
Brazil | |
| Morgan Stanley Uruguay Ltda. |
Brazil | |
| Morgan Stanley Uruguay Ltda. |
Uruguay | |
| Morgan Stanley Luxembourg Financing II S.a r.l |
Luxembourg | |
| Morgan Stanley Reinsurance Ltd. |
Bermuda | |
| MSDW Investment Holdings (US) LLC |
Delaware | |
| Morgan Stanley UK Trader |
United Kingdom | |
| Morgan Stanley Corporate Trader |
United Kingdom | |
| Morgan Stanley Weser GmbH |
Germany | |
| MSDW Investment Holdings (UK) Limited |
United Kingdom | |
| MSDW Investments (Cayman) Limited |
Cayman Islands | |
| MSDWIH Limited |
Cayman Islands | |
| Morgan Stanley Investment Management Inc. |
Delaware | |
| Morgan Stanley AIP Funding Inc. |
Delaware | |
| Morgan Stanley Alternative Investments LLC |
Delaware | |
| AIP Asia-SMA GP LP |
Delaware | |
| AIP Brickyard GP LP |
Delaware | |
| AIP Gateway II GP LP |
Delaware | |
| AIP Global Diversified VI GP LP |
Delaware | |
| AIP Global Impact I GP LP |
Delaware | |
| AIP Global Income I GP LP |
Delaware | |
| AIP Mbar SLP LP |
Delaware | |
| AIP MPI Partners GP LP |
Delaware | |
| AIP Phoenix II GP LP |
Delaware | |
| Flint Capital Partners GP LP |
Delaware | |
| Flint Capital Partners SLP Ltd. |
Cayman Islands | |
| GPF Private Equity GP LP |
Delaware | |
| GTB Capital Partners GP LP |
Delaware | |
| Morgan Stanley AIP (Cayman) GP Ltd. |
Cayman Islands | |
| Morgan Stanley (International) GP Limited |
Cayman Islands | |
| Morgan Stanley AIP Falconer 2010 GP LP |
Delaware | |
| Morgan Stanley AIP GP LP |
Delaware | |
| AIP OPPORTUNISTIC SECONDARIES I SLP LP |
Delaware | |
| Morgan Stanley Alternative Investment Partners LP |
Delaware |
| Liquid Markets Fund II SPV LP |
Delaware | |
| Morgan Stanley Premium Partners Fund SPV LP |
Delaware | |
| Morgan Stanley Private Equity Opportunities Fund 2006 LP |
Delaware | |
| Tactical II SLP LP |
Delaware | |
| Morgan Stanley AIP Phoenix 2009 GP LP |
Delaware | |
| Morgan Stanley EPMF I GP LP |
Delaware | |
| Morgan Stanley GDOF GP LP |
Delaware | |
| Morgan Stanley GSOF GP LP |
Delaware | |
| Morgan Stanley GSOF SLP Ltd. |
Cayman Islands | |
| Morgan Stanley GSOF II GP LP |
Delaware | |
| Morgan Stanley PMF III GP LP |
Delaware | |
| Morgan Stanley Private Markets Fund Employee Investors III LP |
Delaware | |
| Morgan Stanley PMF IV GP LP |
Delaware | |
| Morgan Stanley PMF IV SLP Ltd. |
Cayman Islands | |
| Morgan Stanley PMF V GP LP |
Delaware | |
| Morgan Stanley PMF V SLP Ltd. |
Cayman Islands | |
| Morgan Stanley SCRSIC Strategic Partnership Fund GP Inc. |
Delaware | |
| Morgan Stanley Distribution, Inc |
Pennsylvania | |
| Morgan Stanley Fixed Income GP Inc. |
Delaware | |
| Morgan Stanley Seed Holdings, Ltd. |
Cayman Islands | |
| Morgan Stanley Services Company Inc. |
Delaware | |
| Morgan Stanley Leveraged Equity Fund II, Inc. |
Delaware | |
| Morgan Stanley Leveraged Equity Holdings Inc. |
Delaware | |
| Morgan Stanley Life Holding Incorporated |
Delaware | |
| Morgan Stanley Mayak Limited |
Cayman Islands | |
| Morgan Stanley Mortgage Capital Holdings LLC |
New York | |
| Morgan Stanley Asset Capital Inc. |
Delaware | |
| Saxon Capital, Inc. |
Maryland | |
| Saxon Asset Securities Company |
Virginia | |
| Saxon Capital Holdings, Inc. |
Delaware | |
| SCI Services, Inc. |
Virginia | |
| Saxon Funding Management LLC |
Delaware | |
| Saxon Securitized Assets LLC |
Delaware | |
| Saxon Mortgage Services, Inc. |
Texas | |
| Saxon Mortgage, Inc. |
Virginia | |
| Morgan Stanley Municipal Funding Inc. |
Delaware | |
| Morgan Stanley Overseas Services (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Portfolio Management LLC |
Delaware | |
| Morgan Stanley Principal Funding, Inc. |
Delaware | |
| SPV Columbus Srl ( in liquidazione) |
Italy | |
| Morgan Stanley Private Equity Asia, Inc. |
Delaware | |
| Morgan Stanley Private Equity Asia, LLC |
Delaware | |
| Morgan Stanley Real Estate Advisor, Inc. |
Delaware | |
| MSREA Holdings, Inc. |
Delaware | |
| MSREA Holdings, LLC |
Delaware | |
| MSREA LL Holdings, LLC |
Delaware | |
| Morgan Stanley Real Estate F Funding, Inc. |
Delaware | |
| Morgan Stanley Real Estate F Funding Partner, Inc. |
Delaware | |
| Morgan Stanley Real Estate F International Funding, L.P. |
Delaware | |
| Morgan Stanley Real Estate Funding II, Inc. |
Delaware | |
| Morgan Stanley Real Estate Funding II, L.P. |
Delaware | |
| MS Moon Holdings LLC |
Delaware | |
| Crescent Real Estate Capital GP, LLC |
Delaware | |
| Crescent Real Estate Capital, L.P. |
Delaware | |
| One Village Place LLC |
Delaware | |
| DBFLA Services LLC |
Delaware | |
| Morgan Stanley Real Estate Investment Management II, Inc. |
Delaware | |
| MSREF II-CO, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Investment Management Inc. |
Delaware | |
| Morgan Stanley Real Estate Fund, Inc. |
Delaware | |
| Morgan Stanley Realty Incorporated |
Delaware | |
| Brooks Harvey & Co., Inc. |
Delaware | |
| Morgan Stanley Properties, Inc. |
Delaware | |
| Morgan Stanley Properties France SAS |
France | |
| Morgan Stanley Properties Germany GmbH |
Germany | |
| MSP China Holdings Limited |
Cayman Islands | |
| Morgan Stanley Properties (China) Co., Ltd |
People’s Rep. of China | |
| Morgan Stanley Properties Advisory Corp. Limited |
Cayman Islands | |
| Beijing Kaili Assets Servicing Co., Ltd |
People’s Rep. of China | |
| Tokyo Realty Investment Company II |
Cayman Islands | |
| Morgan Stanley Renewables Inc. |
Delaware | |
| Carson Solar I LLC |
Delaware | |
| MF Mesa Lane LLC |
Delaware | |
| Morgan Stanley Renewable Development Fund LLC |
Delaware |
| NaturEner USA, LLC |
Delaware | |
| NaturEner Energy Canada Inc. |
Canada | |
| NaturEner Alberta Wind Holdings 1 Inc. |
Canada | |
| NaturEner Alberta Wind Holdings 2 Inc. |
Canada | |
| NaturEner Wild Rose 1 Energy Inc. |
Canada | |
| NaturEner Wild Rose 2 Energy Inc. |
Canada | |
| NaturEner Prairie Home 1 Energy Inc. |
Canada | |
| NaturEner Prairie Home 2 Energy Inc. |
Canada | |
| NaturEner Wild Rose 3 Energy Inc. |
Canada | |
| NaturEner Golden Prairie Wind Energy, LLC |
Delaware | |
| NaturEner Meadow Lark Wind Energy, LLC |
Delaware | |
| NaturEner Montana Wind Energy 2 LLC |
Delaware | |
| NaturEner Glacier Wind Energy 2, LLC |
Delaware | |
| NaturEner Montana Wind Holding, LLC |
Delaware | |
| NaturEner Glacier Financing, LLC |
Delaware | |
| NaturEner Montana Wind Energy, LLC |
Delaware | |
| NATURENER GLACIER WIND ENERGY 1, LLC |
Delaware | |
| NaturEner Power Watch, LLC |
Delaware | |
| NaturEner Rim Rock Financing, LLC |
Delaware | |
| NaturEner Montana Wind Rim Rock, LLC |
Delaware | |
| NaturEner Rim Rock Wind Energy, LLC |
Delaware | |
| NaturEner Tie Line, LLC |
Delaware | |
| NaturEner Wind Watch, LLC |
Delaware | |
| NaturEner Operations, LLC |
Delaware | |
| NaturEner Red Creek Wind Energy, LLC |
Delaware | |
| Third Planet Windpower, LLC |
Delaware | |
| Loraine Windpark Project, LLC |
Delaware | |
| Third Planet Renewables, LLC |
Delaware | |
| TPW Madison, LLC |
Delaware | |
| Morgan Stanley Wind LLC |
Delaware | |
| MS Greenrock Holdings Inc. |
Delaware | |
| MS Wind II LLC |
Delaware | |
| Wind Joint Venture LLC |
Delaware | |
| A4 Wind 1 LLC |
Delaware | |
| A4 Wind 2 LLC |
Delaware | |
| Gear Wind LLC |
Delaware | |
| Solar Star California III, LLC |
Delaware | |
| Solar Star California IX, LLC |
Delaware | |
| Solar Star California V, LLC |
Delaware | |
| Solar Star California VI, LLC |
Delaware | |
| Solar Star WMT I, LLC |
Delaware | |
| Morgan Stanley Risk Services LLC |
Delaware | |
| Morgan Stanley SECAP Funding, LLC |
Delaware | |
| Morgan Stanley Secured Financing LLC |
Delaware | |
| Morgan Stanley Senior Funding, Inc. |
Delaware | |
| Inversiones Sudamerica Uno Ltda |
Chile | |
| Morgan Stanley MSSF LLC |
Delaware | |
| Morgan Stanley Senior Funding (Nova Scotia) Co. |
Canada | |
| MSSFG (SPV-AMC), Inc. |
The Philippines | |
| Tenedora Dalia, S.A. de C.V. |
Mexico | |
| Ventura Holdings, Inc. |
Delaware | |
| Ventura Holdings NJ, Inc. |
Delaware | |
| Ventura AC LLC |
New Jersey | |
| Ventura Property Management, LLC |
Delaware | |
| Ventura Ohio, LLC |
Delaware | |
| Ventura Utah, LLC |
Delaware | |
| Ventura Opportunities, LLC |
Delaware | |
| Morgan Stanley Services Canada Holding Corp. |
Delaware | |
| Morgan Stanley Services Canada Corp. |
Canada | |
| Morgan Stanley Special Situations Group Inc. |
Delaware | |
| Morgan Stanley Syrah One Limited |
Cayman Islands | |
| Morgan Stanley Tindur LLC |
Delaware | |
| Morgan Stanley Snowdon Inc. |
Delaware | |
| Morgan Stanley Finance LLC (f/k/a Morgan Stanley Tower, LLC) |
Delaware | |
| Morgan Stanley Venture Capital III, Inc. |
Delaware | |
| Morgan Stanley Venture Partners III, L.L.C. |
Delaware | |
| Morgan Stanley Venture Investors III, L.P. |
Delaware | |
| Morgan Stanley Venture Partners III, L.P. |
Delaware | |
| The Morgan Stanley Venture Partners Entrepreneur Fund, L.P. |
Delaware | |
| Morstan Development Company, Inc. |
Delaware | |
| MS 10020, Inc. |
Delaware | |
| MS Debt Opportunities Corp. |
Delaware | |
| MS Equity Products (Luxembourg) S.a.r.l. |
Luxembourg | |
| Morgan Stanley Foreign Complex Trust |
Delaware |
| Morgan Stanley Moselle S.a.r.l |
Luxembourg | |
| Morgan Stanley Norton Investments Limited |
United Kingdom | |
| Morgan Stanley Luxembourg Equity Holdings S.a.r.l. |
Luxembourg | |
| Morgan Stanley Kadarka Limited |
Cayman Islands | |
| MS Hawk I LLC |
Delaware | |
| MS Holdings Incorporated |
Delaware | |
| Morgan Stanley ARS Funding Inc. |
Delaware | |
| Morgan Stanley Capital Partners VI GP Inc. |
Delaware | |
| MS Capital Partners VI GP LP |
Cayman Islands | |
| Morgan Stanley Hedge Fund Partners Cayman Ltd. |
Cayman Islands | |
| Morgan Stanley HFP Investment Inc. |
Delaware | |
| Morgan Stanley IMDCP Funding, LLC |
Delaware | |
| Morgan Stanley Infrastructure Holdings Inc. |
Delaware | |
| Morgan Stanley Infrastructure II Inc. |
Delaware | |
| Morgan Stanley Infrastructure II GP LP |
Cayman Islands | |
| Morgan Stanley Infrastructure Partners II Investors C GP |
Luxembourg | |
| Morgan Stanley Infrastructure Inc. |
Delaware | |
| Morgan Stanley Infrastructure GP LP |
Delaware | |
| Morgan Stanley Infrastructure SLP, LLC |
Delaware | |
| CP Infrastructure SLP, L.P. |
Cayman Islands | |
| MSIP Agatha Co-Investment Alternate GP, L.P. |
Delaware | |
| MSIP Agatha Co-Investment GP Limited |
Cayman Islands | |
| Morgan Stanley Merchant Banking Insurance Holdings, LLC |
Delaware | |
| Morgan Stanley Merchant Banking Insurance Company |
Vermont | |
| Morgan Stanley Private Equity Asia III, Inc. |
Delaware | |
| Morgan Stanley Private Equity Asia III, L.L.C. |
Delaware | |
| Morgan Stanley Private Equity Asia IV, Inc. |
Delaware | |
| Morgan Stanley Private Equity Asia IV, L.L.C. |
Delaware | |
| MSPEA SLP IV, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Securities Global Best Ideas GP Inc. |
Delaware | |
| MS Alternatives Funding, Inc. |
Delaware | |
| Morgan Stanley Capital Partners V Funding LP |
Delaware | |
| MS Alternatives Funding Partner, Inc. |
Delaware | |
| MS Alternatives Holding C Inc. |
Delaware | |
| MS Alternatives Holding C (Cayman) Ltd. |
Cayman Islands | |
| MS Alternatives Holding D Inc. |
Delaware | |
| MS ARS Holding A Inc. |
Delaware | |
| MS ARS Holding B Inc. |
Delaware | |
| MS Capital Partners Adviser Inc. |
Delaware | |
| MS Credit Partners GP Inc. |
Delaware | |
| MS Credit Partners GP L.P. |
Delaware | |
| MS Credit Partners Holdings Inc. |
Delaware | |
| MS Credit Partners II GP Inc. |
Delaware | |
| MS Credit Partners II GP L.P. |
Delaware | |
| MS Energy Partners GP Inc. |
Delaware | |
| MS Energy Partners GP LP |
Cayman Islands | |
| MS Expansion Capital GP Inc. |
Delaware | |
| MS Expansion Capital GP LP |
Delaware | |
| MS Expansion Credit GP Inc. |
Delaware | |
| MS Expansion Credit GP, L.P. |
Delaware | |
| MSCP V GP Inc. |
Delaware | |
| MS Capital Partners V GP L.P. |
Cayman Islands | |
| MSCP V Offshore Investors GP Ltd. |
Cayman Islands | |
| MS Capital Partners V LP |
Delaware | |
| MSGFI Management Inc. |
Delaware | |
| MSIM GP Inc. |
Delaware | |
| Private Investment Partners Inc. |
Delaware | |
| Private Investment Partners GP Inc. |
Delaware | |
| TAM Investment Holdings Inc. |
Delaware | |
| MS Lion LLC |
Delaware | |
| Morgan Stanley Beta Investments Limited |
United Kingdom | |
| Morgan Stanley Gamma Investments |
United Kingdom | |
| Morgan Stanley Portland Investments Limited |
United Kingdom | |
| MS Low Income Housing Corporation |
Delaware | |
| BMC NAB Trust Investment Fund LLC |
Delaware | |
| Morgan Stanley New Markets, Inc. |
Delaware | |
| MS New Markets I LLC |
Delaware | |
| MS New Markets II LLC |
Delaware | |
| MS New Markets IV LLC |
Delaware | |
| MS New Markets IX LLC |
Delaware | |
| MS New Markets VIII LLC |
Delaware | |
| MS New Markets X LLC |
Delaware | |
| MS Georgia Tax Credit Fund III LLC |
Delaware | |
| Pinol II LLC |
Delaware |
| Wiwili IV LLC |
Delaware | |
| Viento LLC |
Delaware | |
| MS Low Income Housing II Corporation |
Delaware | |
| CTH LIHTC Fund 97-3A, L.L.C. |
Delaware | |
| Multistate LIHTC Holdings II, L.P. |
Delaware | |
| MS Affordable Housing LLC |
Delaware | |
| MS GSP Legacy LLC |
Delaware | |
| MS Taishan Inc. |
Delaware | |
| MS Pegau LLC |
Delaware | |
| Millport I LLC |
Delaware | |
| Elderslie Holdings Limited |
Cayman Islands | |
| Ras Dashen Cayman Limited |
Cayman Islands | |
| Esporta Holdings Limited |
Cayman Islands | |
| Bayview Holding Ltd. |
Cayman Islands | |
| Esporta Limited |
Cayman Islands | |
| Esporta Financing Limited |
Cayman Islands | |
| Morgan Stanley Eden Investments Limited |
United Kingdom | |
| Morgan Stanley UK Financing III LP |
United Kingdom | |
| MS Rosebank LLC |
Delaware | |
| Bondi Limited |
Cayman Islands | |
| Morgan Stanley Strand Limited |
Cayman Islands | |
| Cornelia Limited |
Cayman Islands | |
| MS Melville LLC |
Delaware | |
| MS Structured Asset Corp. |
Delaware | |
| MS Venture Capital Holding Inc. |
Delaware | |
| MSAM Holdings II, Inc. |
Delaware | |
| MSCP III Holdings, Inc. |
Delaware | |
| MSDW Capital Partners IV, Inc. |
Delaware | |
| MSDW Capital Partners IV LLC |
Delaware | |
| MSDW CPIV Holdings, Inc. |
Delaware | |
| MSDW International Employee Services LLC |
Delaware | |
| MSDW Nederland BV |
The Netherlands | |
| MSDW Offshore Equity Services Inc. |
Delaware | |
| FUNDLOGIC SAS |
France | |
| FundLogic Global Solutions (Ireland) Limited |
Ireland | |
| Morgan Stanley Alzette S.a.r.l. |
Luxembourg | |
| Morgan Stanley Euro Financing (Luxembourg) |
Ireland | |
| Morgan Stanley Eder S.a r.l. |
Luxembourg | |
| Morgan Stanley Derivative Products Global S.a r.l |
Luxembourg | |
| Morgan Stanley Equity Trading GP Limited |
Jersey, Channel Is. | |
| Morgan Stanley Global Equity Trading (Jersey) L.P. |
Jersey, Channel Is. | |
| Morgan Stanley GFD Hedge Holdings II Limited |
Cayman Islands | |
| Morgan Stanley GFD Proprietary Holdings Limited |
Cayman Islands | |
| Morgan Stanley Global Fund Derivatives Hedge Holdings Luxembourg S.A. |
Luxembourg | |
| Morgan Stanley Spad Investments S.a.r.l. |
Luxembourg | |
| Morgan Stanley Morane Investments S.a r.l. |
Luxembourg | |
| Morgan Stanley Curtiss Investments S.a r.l. |
Luxembourg | |
| MS Equity Finance Services I (Cayman) Ltd. |
Cayman Islands | |
| MSDW PE/VC Holdings, Inc. |
Delaware | |
| MSDW Real Estate Special Situations II, Inc. |
Delaware | |
| MSDW Real Estate Special Situations II Holdings, L.L.C. |
Delaware | |
| MSDW Real Estate Special Situations II Manager, L.L.C. |
Delaware | |
| MSRESS II GP Co-Investment Ltd. |
Cayman Islands | |
| MSDW Strategic Ventures Inc. |
Delaware | |
| MSDW Venture Partners IV, Inc. |
Delaware | |
| MSDW Venture Partners IV, LLC |
Delaware | |
| MSDW VP IV Holdings, Inc. |
Delaware | |
| MSEOF, Inc. |
Delaware | |
| MSEOF Management, LLC |
Delaware | |
| MSEOF Manager S.a.r.l. |
Luxembourg | |
| MSIT Holdings, Inc. |
Delaware | |
| MSPEA Holdings, Inc. |
Delaware | |
| MSREF II, Inc. |
Delaware | |
| MSREF II, L.L.C. |
Delaware | |
| MSREF III, Inc. |
Delaware | |
| MSREF III, L.L.C. |
Delaware | |
| MSREF IV, Inc. |
Delaware | |
| MSREF IV, L.L.C. |
Delaware | |
| MSREF IV Domestic-GP, L.L.C. |
Delaware | |
| MSREF IV Domestic-LP, L.L.C. |
Delaware | |
| MSREF IV International-GP, L.L.C. |
Delaware | |
| MSREF IV International-LP, L.L.C. |
Delaware | |
| MSREF Real Estate Advisor, Inc. |
Delaware | |
| Bolt REI B.V. |
The Netherlands |
| Morgan Stanley SGR S.p.A. |
Italy | |
| MSREF VI, Inc. |
Delaware | |
| MSREF VI International-LP, L.L.C. |
Delaware | |
| MSREF VI, L.L.C. |
Delaware | |
| MSREF VI International-GP, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Fund VI International-TE, L.P. |
Delaware | |
| MSREI Post Co-Investment GP, L.L.C. |
Delaware | |
| MSREF VII, Inc. |
Delaware | |
| MSREF VII Global (Cayman) II, Ltd. |
Cayman Islands | |
| MSREF VII Global-L.P., L.L.C. |
Delaware | |
| MSREF VII GP L.L.C. |
Delaware | |
| CP Real Estate Fund VII SLP-A L.P. |
Canada | |
| CP Real Estate Fund VII SLP-B L.P. |
Delaware | |
| MSREF VII L.P. |
Canada | |
| MSREF VII Global-GP (Cayman), L.P. |
Cayman Islands | |
| MSREF VII Global-GP (U.S.), L.L.C. |
Delaware | |
| MSREF VII Global-GP Greenwich, L.P. |
Canada | |
| MSREF VII Global-GP, L.P. |
Canada | |
| MSREF VIII, Inc. |
Delaware | |
| MSREF VIII GP, L.L.C. |
Delaware | |
| MSREF VIII Global-GP, L.P. |
Delaware | |
| MSREF VIII Global Co-Investment GP, L.P. |
Delaware | |
| North Haven Real Estate Fund VIII Global Co-Investment, L.L.C. |
Delaware | |
| MSREF VIII Global Co-Investment No. 1 GP, L.P. |
Delaware | |
| MSREI SMA GP LLC |
Delaware | |
| MSREF V Funding, Inc. |
Delaware | |
| MSREF V Funding Partner, Inc. |
Delaware | |
| MSREF V International Funding, L.P. |
Delaware | |
| MSREF V, Inc. |
Delaware | |
| MSREF V, L.L.C. |
Delaware | |
| MSREF V International-GP, L.L.C. |
Delaware | |
| MSREF V International-LP, L.L.C. |
Delaware | |
| MSREF V U.S.-GP, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Fund V Special U.S., L.P. |
Delaware | |
| Morgan Stanley Real Estate Fund V U.S., L.P. |
Delaware | |
| Morgan Stanley Real Estate Investors V U.S., L.P. |
Delaware | |
| MSP Co-Investment Partnership V, L.P. |
Delaware | |
| MSP Co-Investment Partnership V-A, L.P. |
Delaware | |
| MSP Real Estate Fund V, L.P. |
Delaware | |
| MSREF V U.S.-LP, L.L.C. |
Delaware | |
| MSREI Holding, Inc. |
Delaware | |
| MSRESS III, Inc. |
Delaware | |
| Morgan Stanley Real Estate Special Situations III-LP, L.L.C. |
Delaware | |
| MSRESS III Manager, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Special Situations III-GP, L.L.C. |
Delaware | |
| MSRESS III Monroe GP, L.L.C. |
Delaware | |
| MSRESS III Opportunities Fund - GP, L.L.C. |
Delaware | |
| MSUH Holdings I, Inc. |
Delaware | |
| MSUH Holdings II, Inc. |
Delaware | |
| MS SP Urban Horizons, Inc. |
Delaware | |
| MS Urban Horizons, Inc. |
Delaware | |
| MSVP 2002 Holdings, Inc. |
Delaware | |
| MSVP 2002, Inc. |
Delaware | |
| MSVP 2002 Fund, LLC |
Delaware | |
| Providence DE Holdings Co. |
Delaware | |
| Strategic Investments I, Inc. |
Delaware | |
| MS Strategic (Mauritius) Limited |
Mauritius | |
| Strategic Investments II, Inc. |
Delaware | |
| Sycamore II, Inc. |
Delaware |