|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Wachovia Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates Series 2004-C12 as reflected in the security position listing as of December 31, 2004 provided by DTC.  Class
Name and Address of Holder


Amount Held
% Class
A1
Northern Trust



16,175,000
32%

801 S. Canal C-IN

Chicago, IL 60607

SSB&T Co.




32,650,000
65%

1776 Heritage Drive

Global Corporate Action Unit JAB5NW

No. Quincy, MA 02171
A2
The Bank of New York



50,000,000
25%

One Wall Street

New York, NY 10286

JP Morgan Chase Bank



13,100,000
6%

14201 Dallas Parkway

Dallas, TX 75254

WCM LLC




80,550,000
40%

301 South College Street

Charlotte, NC 28288

The Bank of New York/INV


25,000,000
12%

111 Sanders Street

Barclays

East Syracuse, NY 13057

SG America




30,000,000
15%

1221 Avenue of the Americas

New York, NY 10020
A3
JP Morgan Chase Bank



46,450,000
56%

14201 Dallas Parkway

Dallas, TX 75254

Wells Fargo Bank NA



13,000,000
15%

733 Marquette Avenue

Minneapolis, MN 55479

Citibank




10,000,000
12%

3800 Citibank Center B3-15

Tampa, FL 33610

Mellon Trust of New England NA

5,000,000
6%

525 William Penn Place, Suite 3418

Pittsburgh, PA 15259
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|UST CO. NY




6,825,000
8%

Proxy Department


499 Washington Blvd., Seventh Floor


Jersey City, NJ 07310
A4
JP Morgan Chase Bank



24,830,000
5%

14201 Dallas Parkway

Dallas, TX 75254

ML SFKPG




101,125,000
21%

4 Corporate Place

Piscataway, NJ 08854

WCM LLC




106,906,000
22%

301 South College Street

Charlotte, NC 28288

SSB&T Co.




44,525,000
9%

1776 Heritage Drive

Global Corporate Action Unit JAB5NW

No. Quincy, MA 02171

The Bank of New York/Wachovia

123,000,000
25%

1 Wall Street, Fifth Floor   New York, NY 10286

Mellon Trust of New England NA

23,800,000
5%

525 William Penn Place, Suite 3418

Pittsburgh, PA 15259

UBSSEC/CMO



25,000,000
5%

299 Park Avenue

New York, NY 10171
B
The Bank of New York



2,124,000
8%

One Wall Street

New York, NY 10286

Citibank




12,124,000
48%

3800 Citibank Center B3-15

Tampa, FL 33610

JP Morgan Chase Bank



10,000,000
39%

14201 Dallas Parkway

Dallas, TX 75254
C
The Bank of New York



4,302,000
46%

One Wall Street

New York, NY 10286

JP Morgan Chase Bank



5,000,000
54%

14201 Dallas Parkway

Dallas, TX 75254                                                                                                                                                                              
|
|D
The Bank of New York



3,000,000
13%

One Wall Street

New York, NY 10286

Citibank




14,590,000
64%

3800 Citibank Center B3-15

Tampa, FL 33610

JP Morgan Chase Bank



5,000,000
22%

14201 Dallas Parkway

Dallas, TX 75254
E
Citibank




6,630,000
62%

3800 Citibank Center B3-15

Tampa, FL 33610

JP Morgan Chase Bank



4,000,000
38%

14201 Dallas Parkway

Dallas, TX 75254                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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