Report of IndependentRegistered Public Accounting Firm

 

The Board of Directors andShareholder

KeyBank National Association

 

We have examinedmanagement’s assertion, included in the Management’s Assertion onCompliance with Regulation AB Servicing Criteria, that KeyBank NationalAssociation, as successor by merger to KeyCorp Real Estate Capital Markets,Inc., (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for thecommercial real estate mortgage loans platform, as of and for the year endedDecember 31, 2016, except for 1122 (d)(3)(i)(B), 1122 (d)(3)(i)(C), 1122(d)(3)(i)(D), 1122 (d)(3)(ii), 1122 (d)(3)(iii) and 1122 (d)(3)(iv), which theCompany has determined are not applicable to the activities performed by themwith respect to the servicing platform covered by this report as noted inAppendix B. See Appendix A for the asset backed transactions covered by thisplatform. Management is responsible for the Company’s compliance withthose servicing criteria. Our responsibility is to express an opinion onmanagement’s assertion about the Company’s compliance with theservicing criteria based on our examination.

 

Our examination was conductedin accordance with attestation standards established by the American Instituteof Certified Public Accountants, as adopted by the Public Company AccountingOversight Board (United States) and, accordingly, included examining, on a testbasis, evidence about the Company’s compliance with the applicableservicing criteria and performing such other procedures as we considerednecessary in the circumstances. Our examination included testing of less thanall of the individual asset backed transactions and securities that comprisethe Platform, testing of less than all of the servicing activities related tothe Platform and determining whether the Company processed those selectedtransactions and performed those selected activities in compliance with theservicing criteria and as permitted by Regulation AB Compliance and DisclosureInterpretations of the Division of Corporation Finance, Section 200.06,“Vendors Engaged by Servicers” (C&DI 200.06). Furthermore, ourprocedures were limited to the selected transactions and servicing activitiesperformed by the Company during the period covered by this report. Ourprocedures were not designed to determine whether errors may have occurredeither prior to or subsequent to our tests that may have affected the balancesor amounts calculated or reported by the Company during the period covered bythis report for the selected transactions or any other transactions. Althoughthe Company is responsible for assessing compliance with Item 1122(d)(1)(iii)of Regulation AB, there were no servicing activates performed by the Companyduring the year ended December 31, 2016 that required this servicingcriteria. We believe that our examination provides a reasonable basis for ouropinion. Our examination does not provide a legal determination on theCompany’s compliance with the servicing criteria.

 

As described inmanagement’s assertion, for servicing criteria 1122 (d)(4)(xi), theCompany has engaged a vendor to perform the activities required by thisservicing criteria. The Company has determined that this vendor is notconsidered a “servicer” as defined in Item 1101(j) of RegulationAB, and the Company has elected to take responsibility for assessing compliancewith the applicable servicing criteria applicable to the vendor as permitted byC&DI 200.06. As permitted by C&DI 200.06, the Company has asserted thatit has policies and procedures in place designed to provide reasonableassurance that the vendors’ activities comply in all material respectswith the servicing criteria applicable to the vendor. The Company is solelyresponsible for determining that it meets the SEC requirements to applyC&DI 200.06 for the vendors and related criteria as described in its assertion,and we performed no procedures with respect to the Company’s eligibilityto apply C&DI 200.06.

 

In our opinion,management’s assertion that the Company complied with the aforementionedservicing criteria, including servicing criteria 1122 (d)(4)(xi) for whichcompliance is determined based on C&DI 200.06 as described above, as of andfor the ended December 31, 2016 for the commercial real estate mortgageloans platform is fairly stated, in all material respects.

 

 

/s/ Ernst & Young LLP

 

Cleveland, Ohio

February 24, 2017