**MANAGEMENT’S ASSERTION OFCOMPLIANCE**

 

 

Management of the Agency and Trust division ofCitibank, N.A. (or “Company”) is responsible for assessing compliance with theservicing criteria set forth in Item 1122(d) of Regulation AB promulgated bythe Securities and Exchange Commission.

 

Management has determined that the servicing criteriaset forth in Item 1122(d) of Regulation AB are applicable in regard to theservicing platform as of and for the period as follows:

 

Platform:Publicly-issued (*i.e.*, transaction-level reporting initially requiredunder the Securities Exchange Act of 1934, as amended) and certainprivately-issued (*i.e.*, for which transaction-level reporting isrequired pursuant to contractual obligation) commercial mortgage-backed securitiesissued on or after January 1, 2011,as listed in Appendix A, for which theCompany provides the following servicing functions (the “Platform”):

 

·         paying agent, certificate administration and trustee;or

·         certificate administration and paying agent

 

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), tothe extent required by Item 1122(d) servicing criteria in regards to theactivities performed by the Company with respect to the Platform as to any transaction,except for the following servicing criteria: 1122(d)(1)(iii),1122(d)(4)(i)-1122(d)(4)(ii) and 1122(d)(4)(iv)-1122(d)(4)(xv), whichmanagement has determined are not applicable to the activities the Companyperforms with respect to the Platform (the “Applicable Servicing Criteria”).Servicing criterion 1122(d)(1)(v) is applicable only to the activities theCompany performs related to the mathematically accurate aggregation ofinformation received from servicers and the accurate conveyance of such informationwithin reports to investors. Servicing criterion 1122(d)(4)(iii) is applicableto the activities the Company performs with respect to the Platform only as itrelates to the Company’s obligation to report additions, removals orsubstitutions on reports to investors in accordance with the transactionagreements. With respect to servicing criteria 1122(d)(2)(iii) and1122(d)(4)(iii), there were no activities performed during the twelve monthsended December 31, 2017 with respect to the Platform, because there were nooccurrences of events that would require the Company to perform suchactivities.

 

Period: Twelvemonths ended December 31, 2017 (the “Period”).

 

With respect to the Platformas of and for the Period, the Company’s management provides the followingassertion of compliance with respect to the Applicable Servicing Criteria: 

 

·         The Company’s management is responsible for assessingthe Company’s compliance with the Applicable Servicing Criteria.

 

·         The Company’s management has assessed compliance withthe Applicable Servicing Criteria. In making this assessment, management usedthe criteria set forth by the Securities and Exchange Commission in paragraph(d) of Item 1122 of Regulation AB.

 

·         Based on such assessment, the Company has complied, inall material respects, with the Applicable Servicing Criteria.

 

KPMG LLP, an independentregistered public accounting firm, has issued an attestation report with respectto management’s assertion of compliance with the Applicable Servicing Criteriaas of and for the Period. 

 

 

**CITIBANK, N.A.**

 

 

**CITIBANK, N.A.**

By: /s/ Karen Montbach

Its: Managing Director

 

Dated: February 28, 2018

 

 

AppendixA

 

Mortgage-backedTransactions and Securities Constituting the Platform

 

**DEAL NAME**

225LIBERTY STREET TRUST 2016-225L

CGCMT 2015-GC29

CGBAM 2015-SMRT

CCMT 2013-375P

CCMT 2012-GC8

CCMT 2013-GCJ11

CCMT 2013-GC15

CCMT 2013-GC17

CCMT 2014-GC23

CCMT 2014-GC25

CCMT 2015-GC27

CCMT 2015-GC31

CCMT 2015-GC33

CCMT 2015-GC35

CCMT 2016-GC37

CCMT 2015-P1

CCMT 2016-P3

CCMT 2016-P4

CCMT 2016-P5

CCMT 2016-P6

CCMT 2016-C1

CCMT 2016-C2

CCMT 2016-C3

CFCRE 2011-C2

GSMC 2011-GC3

GSMST 2011-GC5

MSBAM 2014-C17

CGCMT 2017-P7

CGCMT 2017-B1

CGCMT 2017-P8

CD 2017-CD5 Mortgage Trust

CGCMT 2017-C4