**MANAGEMENT’SASSERTION OF COMPLIANCE**

 

Management of the Agency andTrust division of Citibank, N.A. (or “Company”) is responsible forassessing compliance with the servicing criteria set forth in Item 1122(d) ofRegulation AB promulgated by the Securities and Exchange Commission.

 

Management has determined thatthe servicing criteria set forth in Item 1122(d) of Regulation AB areapplicable in regard to the servicing platform as of and for the period asfollows:

 

Platform: Publicly-issued (*i.e.*, transaction-levelreporting initially required under the Securities Exchange Act of 1934, asamended) and certain privately-issued (*i.e.*, for which transaction-levelreporting is required pursuant to contractual obligation) commercialmortgage-backed securities issued on or after January 1, 2011,as listed inAppendix A, for which the Company provides the following servicing functions(the “Platform”):

 

• paying agent,certificate administration and trustee; or

• certificateadministration and paying agent

 

Applicable ServicingCriteria: All servicing criteria setforth in Item 1122(d), to the extent required by Item 1122(d) servicingcriteria in regards to the activities performed by the Company with respect tothe Platform as to any transaction, except for the following servicingcriteria: 1122(d)(1)(iii), 1122(d)(4)(i)-1122(d)(4)(ii) and1122(d)(4)(iv)-1122(d)(4)(xv), which management has determined are notapplicable to the activities the Company performs with respect to the Platform(the “Applicable Servicing Criteria”).  Servicing criterion1122(d)(1)(v) is applicable only to the activities the Company performs relatedto the mathematically accurate aggregation of information received fromservicers and the accurate conveyance of such information within reports toinvestors.  Servicing criterion 1122(d)(4)(iii) is applicable to theactivities the Company performs with respect to the Platform only as it relatesto the Company’s obligation to report additions, removals orsubstitutions on reports to investors in accordance with the transaction agreements. With respect to servicing criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), therewere no activities performed during the twelve months ended December 31, 2016with respect to the Platform, because there were no occurrences of events thatwould require the Company to perform such activities.

 

Period: Twelve months ended December 31, 2016 (the“Period”).

 

With respect to the Platformas of and for the Period, the Company’s management provides the followingassertion of compliance with respect to the Applicable Servicing Criteria: 

 

• The Company’smanagement is responsible for assessing the Company’s compliance with theApplicable Servicing Criteria.

 

• The Company’smanagement has assessed compliance with the Applicable ServicingCriteria.  In making this assessment, management used the criteria setforth by the Securities and Exchange Commission in paragraph (d) of Item 1122of Regulation AB.

 

• Based on suchassessment, the Company has complied, in all material respects, with theApplicable Servicing Criteria.

 

KPMG LLP, an independentregistered public accounting firm, has issued an attestation report withrespect to management’s assertion of compliance with the ApplicableServicing Criteria as of and for the Period.

 

 

**CITIBANK, N.A.**

 

By: /s/ Karen Montbach

Its: Managing Director

 

Dated: February 24, 2017

 

 

Appendix A

 

Mortgage-backedTransactions and Securities Constituting the Platform

 

**DEAL NAME**

225 LIBERTY STREET TRUST2016-225L

CGCMT 2015-GC29

CGBAM 2015-SMRT

CCMT 2013-375P

CCMT 2012-GC8

CCMT 2013-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