Report of Independent Registered PublicAccounting Firm

 

The Board of Directors

The Corporate Trust Services division of Wells Fargo Bank, National Association:

 

We have examined management’s assertion, included in the accompanyingAssessment of Compliance with the Applicable Servicing Criteria, that the Corporate Trust Services division of Wells Fargo Bank,National Association (the Company) complied with the Servicing Criteria set forth in Item 1122(d) of the Securities and ExchangeCommission’s Regulation AB (the Servicing Criteria) for commercial mortgage-backed securities (CMBS) transactions backedby pools of commercial mortgage loans and/or backed by CMBS for which the Company provides trustee, securities administrationand/or paying agent services and for which either (a) some or all of the issued securities for such CMBS transactions werepublicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (b) theissued securities for such CMBS transactions were privately offered pursuant to an exemption from registration and the Companyhas an obligation under the transaction agreements to deliver an assessment of compliance with the applicable Servicing Criteriaunder Item 1122(d) of Regulation AB; provided however that, the platform excludes any transactions (i) for which the offeredsecurities were issued, sponsored and/or guaranteed by any agency or instrumentality of the U.S. government or any government-sponsoredentity, and (ii) for which the offered securities were issued pursuant to a transaction that closed prior to January 1,2006 and for which the Company outsources all material servicing activities (as defined by Regulation AB) (the CMBSPlatform) as of and for the twelve months ended December 31, 2017. Management has determined that all the Servicing Criteriaset forth in Item 1122(d) are applicable to the Company’s obligations in the related transaction agreements with respectto the CMBS Platform as of and for the twelve months ended December 31, 2017, except for the following Servicing Criteria:1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x),1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which management has determined are not applicableto the Company’s obligations in the related transaction agreements with respect to the CMBS Platform as of and for the twelvemonths ended December 31, 2017; provided however that, with respect to the CMBS Platform (a) Servicing Criterion 1122(d)(1)(v) isapplicable only to the Company’s obligations related to the aggregation of information received and the conveyance of suchinformation, in each case, as required by the transaction agreements and (b) Servicing Criterion 1122(d)(4)(iii) isapplicable only to the Company’s obligations related to the process of making or effecting an addition, removal or substitutionto the asset pool in accordance with the transaction agreements (the Applicable Servicing Criteria). With respect to applicableServicing Criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), management has determined that there were no activities performedduring the twelve months ended December 31, 2017 with respect to the CMBS Platform, because there were no occurrences ofevents that would require the Company to perform such activities. Appendix A to the Assessment of Compliance with the ApplicableServicing Criteria identifies the individual asset-backed transactions and securities defined by management as constituting theCMBS Platform. Management is responsible for the Company’s compliance with the Servicing Criteria. Our responsibility isto express an opinion on management’s assertion about the Company’s compliance with the Servicing Criteria based onour examination.

 

 

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

 

As described in the accompanying Assessment of Compliance with theApplicable Servicing Criteria, for Servicing Criterion 1122(d)(4)(i), the Company has engaged two vendors to perform the activitiesrequired by this Servicing Criterion. The Company has determined that neither vendor is considered a “servicer” asdefined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance withthe Servicing Criterion applicable to these vendors as permitted by the SEC’s Compliance and Disclosure Interpretation (C&DI)200.06, Vendors Engaged by Servicers (C&DI 200.06). As permitted by C&DI 200.06, the Company has asserted that it has policiesand procedures in place designed to provide reasonable assurance that these vendors’ activities comply in all material respectswith the Servicing Criterion applicable to the vendors. The Company is solely responsible for determining that it meets the SECrequirements to apply C&DI 200.06 for the vendors and related Servicing Criterion as described in its assertion, and we performedno procedures with respect to the Company’s eligibility to apply C&DI 200.06.

 

In our opinion, management’s assertion that the Company compliedwith the aforementioned Servicing Criteria, including Servicing Criterion 1122(d)(4)(i) for which compliance is determined basedon C&DI 200.06 as described above, as of and for the twelve months ended December 31, 2017 is fairly stated, in all materialrespects.

 

/s/KPMG LLP

 

Chicago, Illinois

February 21, 2018