EXHIBIT 21.1 SUBSIDIARIES OF IRVINE APARTMENT COMMUNITIES, INC.

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                                                                    EXHIBIT 21.1

SUBSIDIARIES OF IRVINE APARTMENT COMMUNITIES, INC.



                                             State of Incorporation
               Subsidiary                       or Organization
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Irvine Apartment Communities, L.P.                Delaware
San Xxxxxx Apartment Limited Partnership          California
IAC Management, Inc.                              California