EXHIBIT 21 ---------- SUBSIDIARIES OF THE PARTNERSHIP Name State of Formation ---- ------------------ Realmark - Beaver, LLC New York Realmark - Countrybrook, LLC New York Realmark - Columbia, LLC New York Realmark - Stonegate, LLC New York

                                   EXHIBIT 21
                                   ----------

                         SUBSIDIARIES OF THE PARTNERSHIP




Name                                                        State of Formation
----                                                        ------------------

Realmark - Beaver, LLC                                      New York
Realmark - Countrybrook, LLC                                New York
Realmark - Columbia, LLC                                    New York
Realmark - Stonegate, LLC                                   New York