EXHIBIT 21

Subsidiaries of Registrant

Name (2)	Place of Incorporation or Formation		Percentage of Voting Securities of Subsidiaries Owned by Registrant as of December 31, 2006
B-R Holdings, Inc.		Virginia		100.0%
Investment Company of B&R, Inc.		Delaware		100.0%
B&R Sudley Corporation		Virginia		100.0%
WMC Management Co., Inc.		District of Columbia		100.0%
B&R Waterfront Properties, LLC		District of Columbia		54.0%
Ft. Hill Office Associates, LLC		Virginia		80.0%
Springfield Realty Investors, LLC		Virginia		100.0%
Waterside Associates, LLC		District of Columbia		49.0%
EGAP Corporation		Maryland		100.0%
Redwood Commercial Management, LLC (1)		Virginia		50.0%
900 Northbrook Owner, LP		Pennsylvania		90.6%
Northbrook Development Parcel Owner, LP		Pennsylvania		100.0%
Fountains Owner, LLC		Delaware		100.0%
Victoria Place Apartments, LLC		Florida		85.0%
B&R Investments (PA) L.P.		Pennsylvania		97.6%
B.R. Properties Owner, LP		Pennsylvania		97.6%
One Northbrook Owner, LLP		Pennsylvania		100.0%
220 West Germantown Pike Owner, LP		Pennsylvania		98.2%
Seaside Investor, LLC		Maryland		51.0%
400 South Philadelphia Developers, LLC		Maryland		51.0%
14th Street Developers, LLC		Maryland		51.0%
B&R Investment Properties FL, Inc.		Florida		50.0%
Fourteenth Street Borrower, Inc.		Maryland		100.0%
B&R 1105, LLC		Delaware		100.0%
B&R 5160 Parkstone Owner, LLC		Virginia		100.0%
B&R 919, LLC		Delaware		100.0%
Crisfield Borrower, LLC		Maryland		51.0%
Jersey Island Owner, LLC		Maryland		51.0%
4259 West Swamp Road Owner, LP		Pennsylvania		100.0%
B&R Devon Owner, LP		Pennsylvania		5.5%
955 Mearns Road Owner, LP		Pennsylvania		97%
Mearns Unit 2 Owner, LP		Pennsylvania		97%
B&R Six Valley Square Owner, LP		Pennsylvania		100%
510 E. Township Line Road Owner, LP		Pennsylvania		100%
Blue Bell Valley Square Owner, LP		Pennsylvania		97%
4259 West Swamp Road Owner, LP		Pennsylvania		100%
510 East Township Line Owner, Inc.		Pennsylvania		100%
B&R 10333 Harwin Drive Owner, LP		Delaware		100%
B&R 1100 NASA Parkway Owner, LP		Delaware		100%
B&R 1110 NASA Parkway Owner, LP		Delaware		100%
B&R 1120 NASA Parkway Owner, LP		Delaware		100%
B&R 17043-49 El Camino Owner, LP		Delaware		100%
B&R 1717 Portway Plaza Owner, LP		Delaware		100%
B&R 8700 Commerce Drive Owner, LP		Delaware		100%
B&R 9950 Westpark Owner, LP		Delaware		100%
Huntington at Sundance Owner, LP (FL)		Florida		100%
950 Threadneedle Owner, LLC		Delaware		100%
B&R CPN Owner, LP		Delaware		100%
Holliday Master, LLC (1)		Maryland		51%
Guilford Properties Master (1)		Maryland		51%

(1) Not included in the consolidated financial statements as a subsidiary.

(2) The names of certain subsidiaries have been omitted because, considered in the aggregate as a single entity, they do not constitute a significant subsidiary.

BRESLER & REINER INC 10-K/A