MANAGEMENT'S ASSERTION ON COMPLIANCE WITH
SEC REGULATION AB SERVICING CRITERIA



| | 1. | Situs Holdings, LLC (the “Company” or “Situs”),
a wholly-owned subsidiary of SitusAMC Holdings Corporation, is responsible for assessing compliance with the servicing criteria
applicable to it in Item 1117, 1119, 1122(d)(3)(i) and 1122(d)(4)(vii) of Regulation AB of the Securities and Exchange Commission
(“SEC”), as of and for the year ended December 31, 2019 (the “Reporting Period”), as set forth in Appendix
A hereto. The transactions covered by this report (collectively referred to as “Operating or Trust Advisor Services Platform”
or the “Platform”) include asset-backed securities transactions. This includes the asset-backed securities for which
Situs acted in the capacity of Operating or Trust Advisor, as defined in Appendix B.
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| | 2. | Situs used the criteria set forth in Item 1122(d)(3)(i)
and Item 1122(d)(4)(vii) of Regulation AB (defined in Appendix A) to assess the compliance with the applicable servicing criteria;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3. | Pursuant to Item 1117 of Regulation AB (defined in Appendix
A), the Company has determined that there are no pending legal proceedings or proceedings by governmental authorities against the
Company that are material to security owners of the deals as listed in Appendix B;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | During the reporting period, there were no loss mitigation
or recovery actions initiated, conducted, or concluded on any of the active assets for which Situs is named as the Operating/Trust
Advisor of record that would require action as the Operating or Trust Advisor. Therefore, Situs did not perform any Operating or
Trust Advisor activities related to Item 1122(d)(4)(vii) of Regulation AB;
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| | 5. | During the reporting period, no control termination events
occurred on any of the active assets for which Situs is named as the Operating/Trust Advisor of record. Therefore, no investor
reporting actions, either preparation, review, or otherwise, were required to be performed by Situs with regards to the Company’s
role as Operating/Trust and Situs did not perform any Operating or Trust Advisor activities related to Item 1122(d)(3)(i) of Regulation
AB;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6. | Situs has complied in all material aspects, with the
applicable servicing criteria as of December 31, 2019 and for the Reporting Period with respect to the deals listed in Appendix
B taken as a whole;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7. | Grant Thornton LLP, an independent registered public
accounting firm, has issued an attestation report on the Company’s assertion on compliance with the applicable servicing
criteria for the Reporting Period.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Situs Holdings, LLC

February 20, 2020





/s/ George Wisniewski

George Wisniewski

Executive Managing Director



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APPENDIX A – Applicable Servicing Criteria

|SERVICING CRITERIA  
|--------------------
|Reference           
|Item 1117           
|Item 1119           
|Item 1122(d)(3)(i)  
|Item 1122(d)(4)(vii)



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APPENDIX B – The Platform

|Portfolio        | Servicing Agreement Date
|---------------- | ------------------------
|CGCMT 2012-GC8   | September 1, 2012       
|CGCMT 2013-GC15  | September 1, 2013       
|CGCMT 2014-GC19  | March 1, 2014           
|CGCMT 2015-GC29  | April 1, 2015           
|CGCMT 2015-GC33  | September 1, 2015       
|COMM 2012-CCRE3  | October 1, 2012         
|COMM 2013-CCRE13 | December 1, 2013        
|COMM 2014-CCRE18 | June 1, 2014            
|COMM 2014-LC15   | March 1, 2014           
|COMM 2014-UBS5   | September 1, 2014       
|FORT CRE 2018-1  | December 6, 2018        
|GSMS 2012-GCJ7   | June 1, 2012            
|GSMS 2013-GCJ12  | May 1, 2013             
|GSMS 2013-GCJ16  | November 1, 2013        
|GSMS 2014-GC24   | September 1, 2014       
|GSMS 2015-GS1    | November 1, 2015        
|MSBAM 2012-C5    | July 1, 2012            
|MSBAM 2012-C6    | October 1, 2012         
|MSBAM 2013-C11   | August 1, 2013          
|MSBAM 2013-C13   | December 1, 2013        
|MSBAM 2013-C7    | January 1, 2013         
|MSBAM 2013-C8    | February 1, 2013        
|MSBAM 2014-C15   | April 1, 2014           
|MSBAM 2014-C16   | June 1, 2014            
|MSBAM 2015-C21   | February 1, 2015        
|MSBAM 2015-C27   | November 1, 2015        
|MSCI 2015-UBS8   | December 1, 2015        
|UBSBB 2013-C5    | February 1, 2013        
|WFCM 2014-LC16   | June 1, 2014