KPMG(logo)





| | KPMG LLP

Aon
Center

Suite
5500

200
East Randolph Drive

Chicago,
IL 60601-6436
| | ---------------------------------------------------------------------------------



Report
of Independent Registered Public Accounting Firm



The
Board of Directors

Citibank,
N.A.:



We
have examined management’s assertion, included in the accompanying Management’s Assertion of Compliance, that the
Agency and Trust division of Citibank, N.A. (the “Company”) complied with the servicing criteria set forth in Item
1122(d) of the Securities and Exchange Commission’s Regulation AB for publicly-issued (i.e., transaction-level reporting
initially required under the Securities Exchange Act of 1934, as amended) and certain privately-issued (i.e., for which
transaction-level reporting is required pursuant to contractual obligation) commercial mortgage-backed securities issued on or
after January 1, 2011, as listed in Appendix A of the accompanying Management’s Assertion of Compliance, for which
the Company provides the following servicing functions: paying agent, certificate administration and trustee; or certificate administration
and paying agent (the “Platform”), except for servicing criteria 1122(d)(1)(iii), 1122(d)(4)(i)-1122(d)(4)(ii) and
1122(d)(4)(iv)-1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect
to the Platform, as of and for the twelve months ended December 31, 2016. The Company has determined that servicing criterion
1122(d)(1)(v) is applicable only to the activities the Company performs related to the mathematically accurate aggregation of
information received from servicers and the accurate conveyance of such information within reports to investors. Servicing criterion
1122(d)(4)(iii) is applicable to the activities the Company performs with respect to the Platform only as it relates to the Company’s
obligation to report additions, removals or substitutions on reports to investors in accordance with the transaction agreements.
With respect to servicing criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), there were no activities performed during the twelve months
ended December 31, 2016 with respect to the Platform, because there were no occurrences of events that would require the
Company to perform such activities. Management is responsible for the Company’s compliance with the servicing criteria.
Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our
examination.



Our examination
was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance
with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining,
on a test basis, evidence about the Company’s compliance with the servicing criteria specified above and performing such
other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions
and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether
the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria.
Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during
the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior
to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the
period covered by this report for the selected transactions or any other transactions. We believe that our examination provides
a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with
the servicing criteria.



In
our opinion, management’s assertion that the Company complied with the aforementioned servicing criteria as of and for the
twelve months ended December 31, 2016 is fairly stated, in all material respects.



/s/
KPMG LLP



Chicago,
Illinois

February 24,
2017



| | KPMG
                                         LLP is a Delaware limited liability partnership and the U.S. member

firm
of the KPMG network of independent member firms affiliated with

KPMG
International Cooperative (“KPMG International”), a Swiss entity.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











Appendix
A



Mortgage-backed
Transactions and Securities Constituting the Platform



DEAL NAME



225 LIBERTY
STREET TRUST 2016-225L

CGCMT 2015-GC29

CGBAM 2015-SMRT

CCMT 2013-375P

CCMT 2012-GC8

CCMT2013-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