Exhibit 21.2

Subsidiaries of the Registrant

Entity Name						Jurisdiction
NH Net REIT Operating Partnership, LP						Delaware
NHNR Hold Co 1, LLC						Delaware
NHNR Hold Co 2, LLC						Delaware
NHNR Hold Co 3, LLC						Delaware
NHNR Hold Co 4, LLC						Delaware
NHNR Hold Co 5, LLC						Delaware
NHNR Hold Co 6, LLC						Delaware
NHNR Hold Co 7, LLC						Delaware
NHNR Hold Co 8, LLC						Delaware
NHNR Hold Co 9, LLC						Delaware
NHNR Hold Co 10, LLC						Delaware
NHNR Hold Co 11, LLC						Delaware
NHNR Hold Co 12, LLC						Delaware
NHNR Hold Co 13, LLC						Delaware
NHNR Hold Co 14, LLC						Delaware
NHNR Hold Co 15, LLC						Delaware
NHNR Hold Co 16, LLC						Delaware
NHNR Hold Co 17, LLC						Delaware
NHNR Hold Co 18, LLC						Delaware
NHNR Hold Co 19, LLC						Delaware
NHNR Hold Co 20, LLC						Delaware
NHNR Hold Co 21, LLC						Delaware
NHNR Hold Co 22, LLC						Delaware
NHNR Hold Co 23, LLC						Delaware
NHNR Hold Co 24, LLC						Delaware
NHNR Hold Co 25, LLC						Delaware
NHNR Hold Co 26, LLC						Delaware
NHNR Hold Co 27, LLC						Delaware
NHNR Pledge Co 1, LLC						Delaware
NHNR Pledge Co 1A, LLC						Delaware
NHNR Pledge Co 2, LLC						Delaware
NHNR Op Co 1, LLC						Delaware
NHNR Prop Co 1, LLC						Delaware
NHNR MW Master, LLC						Delaware
NHNR MW Hold Co 1, LLC						Delaware
NHNR MW Pledge Co, LLC						Delaware
NHNR MW Fin Co 1, LLC						Delaware

---

Exhibit 21.2

NHNR BR 1, LLC						Delaware
NHNR Stream Program, LLC						Delaware
NHNR-Stream Op Co 1, LLC						Delaware
NHNR-Stream Prop Co 1, LLC						Delaware
NHNR PA Co 1, LLC						Delaware
NHNR PA Co 2, LLC						Delaware
NHNR PA Co 3, LLC						Delaware