**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

**x****ANNUAL REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal year ended December 31, 2023or**

**o********TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934**

**For the transition period from _____ to_____**

 

 

**Commission file number of issuing entity: 333-262701-05**

 

**Central Index Key Number of the issuing entity:0001992084**

 

**Benchmark 2023-V4 Mortgage Trust**

**(exact name of issuing entity as specified in itscharter)**

 

**Central Index Key Number of the depositor: 0001258361**

 

**Citigroup Commercial Mortgage Securities Inc.**

**(exact name of the depositor as specified in itscharter)**

 

**Central Index Key Number of the sponsor: 0001701238**

 

**Citi Real Estate Funding Inc.**

**(exact name of the sponsor as specified in its charter)**

 

**Central Index Key Number of the sponsor: 0001541294**

** **

**German American Capital Corporation**

**(exact name of the sponsor as specified in its charter)**

 

**Central Index Key Number of the sponsor: 000154502**

 

**Goldman Sachs Mortgage Company**

**(exact name of the sponsor as specified in its charter)**

 

**Central Index Key Number of the sponsor: 0000927971**

 

**Bank of Montreal**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001549574**

 

**Barclays Capital Real Estate Inc.**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 000835271**

 

**JPMorgan Chase Bank, National Association**

**(exact name of the sponsor as specified in its charter)**

** **

| **New York  (State or other jurisdiction of incorporation or organization)** |  

**38-4279492**

**38-4279493**

**(I.R.S. Employer Identification Numbers)** |
|------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|

 

 ** **

**c/o Computershare Trust Company, N.A.**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(667) 786‐1992**

 

Securities registered pursuant to Section 12(b) of the Act:

 

|   Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|----------------------------|-------------------|-------------------------------------------|
| None                       |              |                                      |

 

 

 

Securities registered pursuant to Section 12(g) of the Act:

 

  NONE.

 

Indicate by check mark if the registrant is a well-known seasonedissuer, as defined in Rule 405 of the Securities Act.

 

  Yes ___ No X

 

Indicate by check mark if the registrant is not required to filereports pursuant to Section 13 or Section 15(d) of the Act.

 

  Yes ___ No X

 

Indicate by check mark whether the registrant (1) has filed allreports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.

 

  Yes X No ___

 

Indicate by check mark whether the registrant has submittedelectronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submitsuch files). 

 

  Not applicable.

 

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ___Accelerated filer ___Non-accelerated filer XSmaller reporting company ___

 

Emerging growthcompany ___

 

If an emerginggrowth company, indicate by check mark if the registrant has elected not to usethe extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the ExchangeAct.  ___

 

Indicate by check mark whether the registrant has filed a reporton and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report. ___

 

Ifsecurities are registered pursuant to Section 12(b) of the Act, indicate bycheck mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financialstatements. ___

 

Indicateby check mark whether any of those error corrections are restatements thatrequired a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b). ___

 

Indicate by check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the Act).

 

  Yes ___ No X

 

State the aggregate market value of the voting and non-votingcommon equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price ofsuch common equity, as of the last business day of the registrant's mostrecently completed second fiscal quarter.

 

  Not applicable.

 

Indicate by check mark whether the registrant has filed alldocuments and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securitiesunder a plan confirmed by a court.

 

  Not applicable.

 

Indicate the number of shares outstanding of each of theregistrant's classes of common stock, as of the latest practicable date.

 

  Not applicable.

 

**DOCUMENTS INCORPORATED BY REFERENCE**

 

List hereunder the following documents if incorporated byreference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) intowhich the document is incorporated: (1)Any annual report to security holders; (2)Any proxy or information statement; and (3)Any prospectus filed pursuant toRule 424(b) or (c) under the Securities Act of 1933. The listed documentsshould be clearly described for identification purposes (e.g., annual report tosecurity holders for fiscal year ended December 24, 1980).

 

  Not applicable.

 

EXPLANATORY NOTES

 

 1. The Prime Storage Portfolio #3 mortgage loan, whichrepresented approximately 8.8% of the initial pool balance of the issuingentity, is part of a whole loan comprised of the subject mortgage loan includedin the issuing entity and one or more companion loan(s) that are held outsidethe issuing entity. The Prime Storage Portfolio #3 mortgage loan and each ofthe related companion loan(s) are serviced pursuant to the CGCMT 2023-PRM3 TSA(as defined in Item 15 below).

 

2. The Philadelphia Marriott Downtownmortgage loan, which represented approximately 8.0% of the initial pool balanceof the issuing entity, is part of a whole loan comprised of the subjectmortgage loan included in the issuing entity and one or more companion loan(s)that are held outside the issuing entity. Philadelphia Marriott Downtownmortgage loan and each of the related companion loan(s) were serviced pursuantto the Benchmark 2023-V3 PSA (as defined in Item 15 below) prior to December 7, 2023.  The Philadelphia MarriottDowntown mortgage loan and each of the related companion loan(s) are servicedpursuant to BBCMS 2023-5C23 PSA (as defined in Item 15 below) on and afterDecember 7, 2023.

 

3. The Lake Merritt Plaza mortgage loan, which representedapproximately 5.6% of the initial pool balance of the issuing entity, is partof a whole loan comprised of the subject mortgage loan included in the issuingentity and one or more companion loan(s) that are held outside the issuingentity. The Lake Merritt Plaza mortgage loan and each of the related companionloan(s) are serviced pursuant to the BMO 2023-5C2 PSA (as defined in Item 15below).

 

4. The One & Two Commerce mortgageloan, which represented approximately 3.3% of the initial pool balance of theissuing entity, is part of a whole loan comprised of the subject mortgage loanincluded in the issuing entity and one or more companion loan(s) that are heldoutside the issuing entity. The One & Two Commerce mortgage loan and eachof the related companion loan(s) are serviced pursuant to the BANK 2023-BNK46PSA (as defined in Item 15 below).

 

5. The Harborside 2-3 mortgage loan, which representedapproximately 2.8% of the initial pool balance of the issuing entity, is partof a whole loan comprised of the subject mortgage loan included in the issuingentity and one or more companion loan(s) that are held outside the issuingentity. The Harborside 2-3 mortgage loan and each of the related companionloan(s) are serviced pursuant to the Benchmark 2023-V2 PSA (as defined in Item15 below).

 

6. The Gilardian NYC Portfolio II mortgage loan, which representedapproximately 2.1% of the initial pool balance of the issuing entity, is partof a whole loan comprised of the subject mortgage loan included in the issuingentity and one or more companion loan(s) that are held outside the issuingentity. The Gilardian NYC Portfolio II mortgage loan and each of the relatedcompanion loan(s) are serviced pursuant to the Benchmark 2023-5C1 PSA (asdefined in Item 15 below).

 

7. The 12800 Culver Boulevard mortgage loan, which representedapproximately 1.6% of the initial pool balance of the issuing entity, is partof a whole loan comprised of the subject mortgage loan included in the issuingentity and one or more companion loan(s) that are held outside the issuingentity. The 12800 Culver Boulevard mortgage loan and each of the relatedcompanion loan(s) are serviced pursuant to the Benchmark2023-V3 PSA (as defined in Item 15 below).

 

8.  Pursuant to Instruction 3 to Item 1122 of Regulation AB,the report on assessment of compliance with servicing criteria and attestationreport on assessment of compliance with servicing criteria of (i) Wells FargoBank, National Association, as general master servicer under the BANK 2023-BNK46PSA, pursuant to which the One & Two Commerce mortgage loan is serviced,(ii) 3650 REIT Loan Servicing LLC, as special servicer for the Harborside 2-3mortgage loan under the Benchmark 2023-V2 PSA and (iii) 3650 REIT LoanServicing LLC, as special servicer for the Gilardian NYC Portfolio mortgageloan under the BMO 2023-5C1 PSA, are not included in this report on Form 10-Kbecause each of Wells Fargo Bank, National Association and 3650 REIT LoanServicing LLC performed activities that address the servicing criteriaspecified in Item 1122(d) of Regulation AB with respect to 5% or less of thepool assets of the issuing entity.  This annual report on Form 10-K doesnot include the reports on assessment of compliance with servicing criteria andattestation reports on assessment of compliance with servicing criteria ofComputershare Trust Company, National Association as certificate administratorunder the CGCMT 2023-PRM3 TSA, the BBCMS 2023-5C23 PSA, the BMO 2023-5C2 PSA,the BANK 2023-BNK46 PSA, the Benchmark 2023-V2 PSA, the BMO 2023-5C1 PSA andthe Benchmark 2023-V3 PSA, because the certificate administrator under eachsuch pooling and servicing agreement or trust and servicing agreement does notperform any activities that address the servicing criteria specified in Item1122(d) of Regulation AB with respect to the issuing entity. This annual reporton Form 10-K does not include the report on assessment of compliance withservicing criteria and attestation report on assessment of compliance withservicing criteria of Wilmington Trust, National Association, as trustee underthe CGCMT 2023-PRM3 TSA, because Wilmington Trust, National Association did notmake, and was not required to make, an advance under the CGCMT 2023-PRM3 TSAduring the year ended December 31, 2023 and, pursuant to the terms of the CGCMT2023-PRM3 TSA, the trustee is not required to provide assessment of compliancewith applicable servicing criteria and attestation report on assessment ofcompliance with servicing criteria with respect to any period during which thetrustee has not made, and is not required to make, an advance.

 

9.  This annual report on Form 10-K does not include theservicer compliance statements of (i) Berkadia Commercial Mortgage LLC, asmaster servicer under the CGCMT 2023-PRM3 TSA, pursuant to which the PrimeStorage Portfolio #3 mortgage loan is serviced, (ii) Mount Street US (Georgia)LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan underthe CGCMT 2023-PRM3 TSA, (iii) KeyBank National Association, as master servicerunder the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgageloan is serviced, (iv) Greystone Servicing Company LLC, as special servicer forthe Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA, (v) Wells FargoBank, National Association, as master servicer under the BANK 2023-BNK46 PSA,pursuant to which the One & Two Commerce mortgage loan is serviced, (vi)3650 REIT Loan Servicing LLC, asspecial servicer for the Harborside 2-3 mortgage loan under the Benchmark2023-V2 PSA, (vii) KeyBank National Association, as master servicer under theBMO 2023-5C1 PSA, pursuant to which the Gilardian NYC Portfolio II mortgageloan is serviced, (viii) 3650 REIT Loan Servicing LLC, as special servicer forthe Gilardian NYC Portfolio II mortgage loan under the BMO 2023-5C1 PSA and(ix) Greystone Servicing Company LLC, as special servicer for the 12800 CulverBlvd mortgage loan under the Benchmark 2023-V3 PSA, because each of BerkadiaCommercial Mortgage LLC, Mount Street US (Georgia) LLP, KeyBank NationalAssociation, Greystone Servicing Company LLC, Wells Fargo Bank, NationalAssociation, 3650 REIT Loan Servicing LLC and Greystone Servicing Company LLCis an unaffiliated party that services less than 10% of the pool assets of theissuing entity, and therefore is not a “servicer” that meets the criteria inItem 1108(a)(2)(i) through (iii) of Regulation AB.  This annual report onForm 10-K does not include the servicer compliance statements of ComputershareTrust Company, National Association as certificate administrator under theCGCMT 2023-PRM3 TSA, the BBCMS 2023-5C23 PSA, the BMO 2023-5C2 PSA, the BANK2023-BNK46 PSA, the Benchmark 2023-V2 PSA, the BMO 2023-5C1 PSA and theBenchmark 2023-V3 PSA, because the certificate administrator under each suchpooling and servicing agreement or trust and servicing agreement is not a“servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) ofRegulation AB with respect to the issuing entity.

 

| **PART I**

  |
|--------------------|
| **Item 1.**        | **Business.** |
|               | Omitted. |
| **Item 1A.**       | **Risk Factors.** |
|               | Omitted. |
| **Item 1B.**       | **Unresolved Staff  Comments.** |
| **Item 1C.**       | None.

**Cybersecurity.**

Omitted. |
| **Item 2.**        | **Properties.** |
|               | Omitted. |
| **Item 3.**        | **Legal Proceedings.** |
|               | Omitted. |
| **Item 4.**        | **Mine Safety Disclosures.** |
|               | Not applicable. |
|               |   |   |

 

| **PART II**

  |
|---------------------|
| **Item 5.**         | **Market for Registrant's  Common Equity, Related Stockholder Matters and Issuer Purchases of Equity  Securities.** |
|                | Omitted. |
| **Item 6.**         | **Selected Financial Data.** |
|                | Omitted. |
| **Item 7.**         | **Management's Discussion  and Analysis of Financial Condition and Results of Operations.** |
|                | Omitted. |
| **Item 7A.**        | **Quantitative and  Qualitative Disclosures About Market Risk.** |
|                | Omitted. |
| **Item 8.**         | **Financial Statements and  Supplementary Data.** |
|                | Omitted. |
| **Item 9.**         | **Changes in and  Disagreements With Accountants on Accounting and Financial Disclosure.** |
|                | Omitted. |
| **Item 9A.**        | **Controls and Procedures.** |
|                | Omitted. |
| **Item 9B.**        | **Other Information.** |
|                | None. |
| **Item 9C.**        | **Disclosure regarding  Foreign Jurisdictions that Prevent Inspections.** |
|                | Not applicable. |
|                |   |   |

 

| **PART III**

  |
|----------------------|
| **Item 10.**         | **Directors, Executive  Officers and Corporate Governance.** |
|                 | Omitted. |
| **Item 11.**         | **Executive Compensation.** |
|                 | Omitted. |
| **Item 12.**         | **Security Ownership of  Certain Beneficial Owners and Management and Related Stockholder Matters.** |
|                 | Omitted. |
| **Item 13.**         | **Certain Relationships and  Related Transactions, and Director Independence.** |
|                 | Omitted. |
| **Item 14.**         | **Principal Accounting Fees  and Services.** |
|                 | Omitted. |
|                 |   |   |

 

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATIONAB**

 

**Item1112(b) of Regulation AB, Significant Obligor Financial Information.**

 

Withrespect to the pool assets for Benchmark 2023-V4 Mortgage Trust, there are nosignificant obligors within the meaning of Item 1101(k) of Regulation AB.

 

**Item1114(b)(2) of Regulation AB, Significant Enhancement Provider FinancialInformation.**

 

Noentity or group of affiliated entities provides any external creditenhancement, uses any derivative instruments or other support for thecertificates within this transaction.

 

**Item1115(b) of Regulation AB, Certain Derivatives Instruments (FinancialInformation).**

 

Noentity or group of affiliated entities provides any external creditenhancement, uses any derivative instruments or other support for thecertificates within this transaction.

 

**Item1117 of Regulation AB, Legal Proceedings.**

The registrant knows of no legal proceedingpending against the sponsors, depositor, trustee, issuing entity, servicercontemplated by Item 1108(a)(3) of Regulation AB, originator contemplated byItem 1110(b) of Regulation AB, or other party contemplated by Item 1100(d)(1)of Regulation AB, or of which any property of the foregoing is the subject,that is material to security holders.

**Item1119 of Regulation AB, Affiliations and Certain Relationships and RelatedTransactions.**

 

Providedpreviously in the prospectus of the Registrant relating to the issuing entityand filed on November 14, 2023 pursuant to Rule 424(b)(2) of the Securities Actof 1933, as amended.

 

**Item1122 of Regulation AB, Compliance with Applicable Servicing Criteria.**

 

The reports on assessment of compliance with theservicing criteria for asset-backed securities and the related attestationreports on such assessments of compliance are attached hereto under Item 15.

 

**Item1123 of Regulation AB, Servicer Compliance Statement.**

 

Theservicer compliance statements are attached hereto under Item 15.

 

**PART IV**

 

**Item15. Exhibits, Financial Statement Schedules.**

 

(a)List the following documents filed as part of the report:

 

(1) Not Applicable

 

(2) Not Applicable

 

(3)Exhibits listed below are either included or incorporated by reference asindicated below:

 

(4.1)Poolingand Servicing Agreement, dated as of November 1, 2023 (“Benchmark 2023-V4PSA”), among Citigroup Commercial Mortgage Securities Inc., as depositor,Midland Loan Services, A Division of PNC Bank, National Association, as masterservicer, K-Star Asset Management LLC, as special servicer, Park Bridge LenderServices LLC, as operating advisor and as asset representations reviewer, andComputershare Trust Company, National Association, as certificate administratorand as trustee (filed as Exhibit 4.1 to the registrant's Current Report on Form8-K/A dated November 21, 2023, and filed on November 21, 2023 under CommissionFile No. 333-262701-05, and is incorporated by reference herein).

 

(4.2) Trustand Servicing Agreement, dated as of June 29, 2023 (“CGCMT 2023-PRM3 TSA”),among Citigroup Commercial Mortgage Securities Inc., as depositor, BerkadiaCommercial Mortgage LLC, as servicer, Mount Street US (Georgia) LLP, as specialservicer, Wilmington Trust, National Association, as trustee, ComputershareTrust Company, National Association, as certificate administrator, andPentalpha Surveillance LLC, as operating advisor (filed as Exhibit 4.2 to theregistrant's Current Report on Form 8-K dated November 9, 2023, and filed onNovember 14, 2023 under Commission File No. 333-262701-05, and is incorporatedby reference herein). (See Explanatory Note 1)

 

(4.3) Poolingand Servicing Agreement, dated as of November 1, 2023 (“BMO 2023-5C2 PSA”),among BMO Commercial Mortgage Securities LLC, as depositor, KeyBank NationalAssociation, as master servicer, Greystone Servicing Company LLC, as specialservicer, BellOak, LLC, as operating advisor and as asset representationsreviewer, Computershare Trust Company, National Association, as certificateadministrator, and Wilmington Trust, National Association, as trustee (filed asExhibit 4.3 to the registrant's Current Report on Form 8-K dated November 9,2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,and is incorporated by reference herein). (See Explanatory Note 2)

 

(4.4) Poolingand Servicing Agreement, dated as of August 1, 2023 (“BANK 2023-BNK46 PSA”),among Wells Fargo Bank Commercial Mortgage Securities, Inc., as depositor,Wells Fargo Bank, National Association, as general master servicer, LNRPartners, LLC, as general special servicer, National Cooperative Bank, N.A., asco-op master servicer and as co-op special servicer, Computershare TrustCompany, National Association, as certificate administrator, Wilmington Trust,National Association, as trustee, and Park Bridge Lender Services LLC, asoperating advisor and as asset representations reviewer (filed as Exhibit 4.4to the registrant's Current Report on Form 8-K dated November 9, 2023, andfiled on November 14, 2023 under Commission File No. 333-262701-05, and isincorporated by reference herein). (See Explanatory Note 3)

 

(4.5) Poolingand Servicing Agreement, dated as of May 1, 2023 (“Benchmark 2023-V2 PSA”),among Citigroup Commercial Mortgage Securities Inc., as depositor, Midland LoanServices, A Division of PNC Bank, National Association, as master servicer,3650 REIT Loan Servicing LLC, as special servicer, BellOak, LLC, as operatingadvisor and as asset representations reviewer, and Computershare Trust Company,National Association, as certificate administrator and as trustee (filed asExhibit 4.5 to the registrant's Current Report on Form 8-K dated November 9,2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,and is incorporated by reference herein). (See Explanatory Note 4)

 

(4.6) Poolingand Servicing Agreement, dated as of August 1, 2023 (“2023-5C1 PSA”), among BMOCommercial Mortgage Securities LLC, as depositor, KeyBank National Association,as master servicer, 3650 REIT Loan Servicing LLC, as special servicer,Pentalpha Surveillance LLC, as operating advisor and as asset representationsreviewer, and Computershare Trust Company, National Association, as certificateadministrator and as trustee (filed as Exhibit 4.6 to the registrant's CurrentReport on Form 8-K dated November 9, 2023, and filed on November 14, 2023 underCommission File No. 333-262701-05, and is incorporated by reference herein).(See Explanatory Note 5)

 

(4.7) Poolingand Servicing Agreement, dated as of July 1, 2023 (“Benchmark 2023-V3 PSA”),among GS Mortgage Securities Corporation II, as depositor, Midland LoanServices, A Division of PNC Bank, National Association, as master servicer, GreystoneServicing Company LLC, as special servicer, Computershare Trust Company,National Association, as certificate administrator and as trustee, and ParkBridge Lender Services LLC, as operating advisor and as asset representationsreviewer (filed as Exhibit 4.7 to the registrant's Current Report on Form 8-Kdated November 9, 2023, and filed on November 14, 2023 under Commission FileNo. 333-262701-05, and is incorporated by reference herein). (See ExplanatoryNote 6)

 

(4.8) Poolingand servicing agreement, dated as of December 1, 2023 (“BBCMS 2023-5C23 PSA”),among Barclays Commercial Mortgage Securities LLC, as depositor, Midland LoanServices, a Division of PNC Bank, National Association, as master servicer, LNRPartners, LLC, as special servicer, Computershare Trust Company, NationalAssociation, as certificate administrator and as trustee, and Park BridgeLender Services LLC, as operating advisor and as asset representations reviewer(filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K datedDecember 7, 2023, and filed on December 13, 2023 under Commission File No.333-262701-05, and is incorporated by reference herein). (See Explanatory Note2)

 

31 Rule 13a-14(d)/15d-14(d) Certification.

 

33 Reports on assessment of compliance with servicing criteria for asset-backedsecurities. (see Explanatory Note 8)

 

33.1  Midland Loan Services, aDivision of PNC Bank, National Association, as master servicer

 

33.2  K-Star Asset ManagementLLC, as special servicer

 

33.3  Park Bridge Lender ServicesLLC, as operating advisor

 

33.4  Computershare TrustCompany, National Association, as certificate administrator and trustee

 

33.5  Computershare TrustCompany, National Association, as custodian

 

33.6  Berkadia CommercialMortgage LLC, as servicer under the CGCMT 2023-PRM3 TSA, pursuant to which thePrime Storage Portfolio #3 mortgage loan is serviced.

 

33.7  Mount Street US (Georgia)LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan underthe CGCMT 2023-PRM3 TSA.

 

33.8  Computershare Trust Company, National Association, ascustodian for the Prime Storage Portfolio #3 mortgage loan under the CGCMT2023-PRM3 TSA. (see Exhibit 33.5)

 

33.9 WilmingtonTrust, National Association, as trustee under the CGCMT 2023-PRM3 TSA, pursuantto which the Prime Storage Portfolio #3 mortgage loan is serviced. (omitted; see Explanatory Note 8)

 

33.10  Pentalpha Surveillance LLC, as operating advisor forthe Prime Storage Portfolio #3 mortgage loan under the CGCMT 2023-PRM3 TSA.

 

33.11  Midland Loan Services, a Division of PNC Bank, NationalAssociation, as master servicer under the BBCMS 2023-5C23 PSA, pursuant towhich the Philadelphia Marriott Downtown mortgage loan is serviced. (seeExhibit 33.1)

 

33.12  LNR Partners, LLC, as special servicer for thePhiladelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23 PSA.

 

33.13  Computershare Trust Company, National Association, astrustee under the BBCMS 2023-5C23 PSA, pursuant to which the PhiladelphiaMarriott Downtown mortgage loan is serviced. (see Exhibit 33.4)

 

33.14  Computershare Trust Company, National Association, ascustodian for the Philadelphia Marriott Downtown mortgage loan under the BBCMS2023-5C23 PSA. (see Exhibit 33.5)

 

33.15  Park Bridge Lender Services LLC, as operating advisorfor the Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23PSA. (see Exhibit 33.3)

 

33.16  KeyBank National Association, as master servicerunder the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgageloan is serviced.

 

33.17  Greystone Servicing Company LLC, as special servicerfor the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 

33.18  Computershare Trust Company, National Association, ascustodian for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.(see Exhibit 33.5)

 

33.19 Wilmington Trust, National Association, as trusteeunder the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgageloan is serviced.

 

33.20  BellOak, LLC, as operating advisor for the LakeMerritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 

33.21  WellsFargo Bank, National Association, as general master servicer under the BANK2023-BNK46 PSA, pursuant to which the One & Two Commerce mortgage loan isserviced. (omitted; see Explanatory Note 8)

 

33.22  LNR Partners, LLC, as special servicer for the One& Two Commerce mortgage loan under the BANK 2023-BNK46 PSA. (see Exhibit33.12)

 

33.23  Computershare Trust Company, National Association, ascustodian for the One & Two Commerce mortgage loan under the BANK2023-BNK46 PSA. (see Exhibit 33.5)

 

33.24  Wilmington Trust, NationalAssociation, as trustee under the BANK 2023-BNK46 PSA, pursuant to which theOne & Two Commerce mortgage loan is serviced. (see Exhibit 33.19)

 

33.25  Park Bridge LenderServices LLC, as operating advisor for the One & Two Commerce mortgage loanunder the BANK 2023-BNK46 PSA. (see Exhibit 33.3)

 

33.26  Midland Loan Services, a Division of PNC Bank,National Association, as master servicer under the Benchmark 2023-V2 PSA,pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit33.1)

 

33.27 3650 REIT Loan Servicing LLC, as special servicer for theHarborside 2-3 mortgage loan under the Benchmark 2023-V2 PSA. (omitted; seeExplanatory Note 8)

 

33.28  BellOak, LLC, asoperating advisor for the Harborside 2-3 mortgage loan under the Benchmark2023-V2 PSA. (see Exhibit 33.20)

 

33.29  Computershare TrustCompany, National Association, as trustee under the Benchmark 2023-V2 PSA,pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit33.4)

 

33.30  Computershare TrustCompany, National Association, as custodian for the Harborside 2-3 mortgage loanunder the Benchmark 2023-V2 PSA. (see Exhibit 33.5)

 

33.31  KeyBank NationalAssociation, as master servicer under the BMO 2023-5C1 PSA, pursuant to whichthe Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit 33.16)

 

33.32  3650 REIT Loan Servicing LLC, as special servicer forthe Gilardian NYC Portfolio mortgage loan under the BMO 2023-5C1 PSA. (omitted; see Explanatory Note 8)

 

33.33  Pentalpha SurveillanceLLC, as operating advisor for the Gilardian NYC Portfolio mortgage loan underthe BMO 2023-5C1 PSA. (see Exhibit 33.10)

 

33.34  Computershare TrustCompany, National Association, as trustee under the BMO 2023-5C1 PSA, pursuantto which the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit33.4)

 

33.35  Computershare TrustCompany, National Association, as custodian for the Gilardian NYC Portfoliomortgage loan under the BMO 2023-5C1 PSA. (see Exhibit 33.5)

 

33.36  Midland Loan Services, aDivision of PNC Bank, National Association, as master servicer under theBenchmark 2023-V3 PSA, pursuant to which the 12800 Culver Blvd mortgage loan isserviced. (see Exhibit 33.1)

 

33.37  Greystone ServicingCompany LLC, as special servicer for the 12800 Culver Blvd mortgage loan underthe Benchmark 2023-V3 PSA. (see Exhibit 33.17)

 

33.38  Computershare TrustCompany, National Association, as trustee under the Benchmark 2023-V3 PSA,pursuant to which the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit33.4)

 

33.39  Computershare TrustCompany, National Association, as custodian for the 12800 Culver Blvd mortgageloan under the Benchmark 2023-V3 PSA. (see Exhibit 33.5)

 

33.40  Park Bridge LenderServices LLC, as operating advisor for the 12800 Culver Blvd mortgage loanunder the Benchmark 2023-V3 PSA. (see Exhibit 33.3)

 

34 Attestation reports on assessment of compliance with servicingcriteria for asset-backed securities. (see Explanatory Note 8)

 

34.1  Midland Loan Services, aDivision of PNC Bank, National Association, as master servicer

 

34.2  K-Star Asset ManagementLLC, as special servicer

 

34.3  Park Bridge Lender ServicesLLC, as operating advisor

 

34.4  Computershare TrustCompany, National Association, as certificate administrator and trustee

 

34.5  Computershare Trust Company,National Association, as custodian

 

34.6  Berkadia CommercialMortgage LLC, as servicer under the CGCMT 2023-PRM3 TSA, pursuant to which thePrime Storage Portfolio #3 mortgage loan is serviced.

 

34.7  Mount Street US (Georgia)LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan underthe CGCMT 2023-PRM3 TSA.

 

34.8  Computershare Trust Company, National Association, ascustodian for the Prime Storage Portfolio #3 mortgage loan under the CGCMT2023-PRM3 TSA. (see Exhibit 34.5)

 

34.9 Wilmington Trust,National Association, as trustee under the CGCMT 2023-PRM3 TSA, pursuant towhich the Prime Storage Portfolio #3 mortgage loan is serviced. (omitted; seeExplanatory Note 8)

 

34.10  Pentalpha Surveillance LLC, as operating advisor forthe Prime Storage Portfolio #3 mortgage loan under the CGCMT 2023-PRM3 TSA.

 

34.11  Midland Loan Services, a Division of PNC Bank,National Association, as master servicer under the BBCMS 2023-5C23 PSA,pursuant to which the Philadelphia Marriott Downtown mortgage loan is serviced.(see Exhibit 34.1)

 

34.12  LNR Partners, LLC, as special servicer for thePhiladelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23 PSA.

 

34.13  Computershare Trust Company, National Association, astrustee under the BBCMS 2023-5C23 PSA, pursuant to which the PhiladelphiaMarriott Downtown mortgage loan is serviced. (see Exhibit 34.4)

 

34.14  Computershare Trust Company, National Association, ascustodian for the Philadelphia Marriott Downtown mortgage loan under the BBCMS2023-5C23 PSA. (see Exhibit 34.5)

 

34.15  Park Bridge Lender Services LLC, as operating advisorfor the Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23PSA. (see Exhibit 34.3)

 

34.16  KeyBank National Association, as master servicerunder the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgageloan is serviced.

 

34.17  Greystone Servicing Company LLC, as special servicerfor the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 

34.18  Computershare Trust Company, National Association, ascustodian for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.(see Exhibit 34.5)

 

34.19 Wilmington Trust, National Association, as trusteeunder the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgageloan is serviced.

 

34.20  BellOak, LLC, as operating advisor for the LakeMerritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 

34.21  WellsFargo Bank, National Association, as general master servicer under the BANK2023-BNK46 PSA, pursuant to which the One & Two Commerce mortgage loan isserviced. (omitted; see Explanatory Note 8)

 

34.22  LNR Partners, LLC, as special servicer for the One& Two Commerce mortgage loan under the BANK 2023-BNK46 PSA. (see Exhibit34.12)

 

34.23  Computershare Trust Company, National Association, as custodianfor the One & Two Commerce mortgage loan under the BANK 2023-BNK46 PSA.(see Exhibit 34.5)

 

34.24  Wilmington Trust,National Association, as trustee under the BANK 2023-BNK46 PSA, pursuant towhich the One & Two Commerce mortgage loan is serviced. (see Exhibit 34.19)

 

34.25  Park Bridge LenderServices LLC, as operating advisor for the One & Two Commerce mortgage loanunder the BANK 2023-BNK46 PSA. (see Exhibit 34.3)

 

34.26  Midland Loan Services, a Division of PNC Bank,National Association, as master servicer under the Benchmark 2023-V2 PSA,pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit34.1)

 

34.27 3650 REIT Loan Servicing LLC, as special servicer for theHarborside 2-3 mortgage loan under the Benchmark 2023-V2 PSA. (omitted; seeExplanatory Note 8)

 

34.28  BellOak, LLC, asoperating advisor for the Harborside 2-3 mortgage loan under the Benchmark2023-V2 PSA. (see Exhibit 34.20)

 

34.29  Computershare TrustCompany, National Association, as trustee under the Benchmark 2023-V2 PSA,pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit34.4)

 

34.30  Computershare TrustCompany, National Association, as custodian for the Harborside 2-3 mortgageloan under the Benchmark 2023-V2 PSA. (see Exhibit 34.5)

 

34.31  KeyBank NationalAssociation, as master servicer under the BMO 2023-5C1 PSA, pursuant to whichthe Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit 34.16)

 

34.32  3650 REIT Loan Servicing LLC, as special servicer forthe Gilardian NYC Portfolio mortgage loan under the BMO 2023-5C1 PSA. (omitted;see Explanatory Note 8)

 

34.33  Pentalpha SurveillanceLLC, as operating advisor for the Gilardian NYC Portfolio mortgage loan underthe BMO 2023-5C1 PSA. (see Exhibit 34.10)

 

34.34  Computershare TrustCompany, National Association, as trustee under the BMO 2023-5C1 PSA, pursuantto which the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit34.4)

 

34.35  Computershare TrustCompany, National Association, as custodian for the Gilardian NYC Portfoliomortgage loan under the BMO 2023-5C1 PSA. (see Exhibit 34.5)

 

34.36  Midland Loan Services, aDivision of PNC Bank, National Association, as master servicer under theBenchmark 2023-V3 PSA, pursuant to which the 12800 Culver Blvd mortgage loan isserviced. (see Exhibit 34.1)

 

34.37  Greystone ServicingCompany LLC, as special servicer for the 12800 Culver Blvd mortgage loan underthe Benchmark 2023-V3 PSA. (see Exhibit 34.17)

 

34.38  Computershare TrustCompany, National Association, as trustee under the Benchmark 2023-V3 PSA,pursuant to which the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit34.4)

 

34.39  Computershare TrustCompany, National Association, as custodian for the 12800 Culver Blvd mortgageloan under the Benchmark 2023-V3 PSA. (see Exhibit 34.5)

 

34.40  Park Bridge LenderServices LLC, as operating advisor for the 12800 Culver Blvd mortgage loanunder the Benchmark 2023-V3 PSA. (see Exhibit 34.3)

 

35 Servicer compliance statement. (see Explanatory Note 9) 

 

35.1  Midland Loan Services, aDivision of PNC Bank, National Association, as master servicer

 

35.2  K-Star Asset ManagementLLC, as special servicer

 

35.3  Computershare TrustCompany, National Association, as certificate administrator

 

35.4  Midland Loan Services, a Division of PNC Bank,National Association, as master servicer under the BBCMS 2023-5C23 PSA,pursuant to which the Philadelphia Marriott Downtown mortgage loan is serviced.(see Exhibit 35.1)

 

35.5 LNR Partners, LLC, asspecial servicer for the Philadelphia Marriott Downtown mortgage loan under theBBCMS 2023-5C23 PSA.

 

35.6 LNR Partners, LLC,as special servicer for the One & Two Commerce mortgage loan under the BANK2023-BNK46 PSA. (see Exhibit 35.5)

 

35.7 Midland Loan Services, a Division of PNC Bank,National Association, as servicer under the Benchmark 2023-V2 PSA, pursuant towhich the Harborside 2-3 mortgage loan is serviced. (see Exhibit 35.1)

 

35.8 Midland Loan Services, a Division of PNC Bank,National Association, as servicer under the Benchmark 2023-V3 PSA, pursuant towhich the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit 35.1) 

 

(99.1)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between Citi RealEstate Funding Inc. and Citigroup Commercial Mortgage Securities Inc., pursuantto which Citi Real Estate Funding Inc. sold certain mortgage loans to CitigroupCommercial Mortgage Securities Inc. (filed as Exhibit 99.1 to the registrant'sCurrent Report on Form 8-K dated November 9, 2023, and filed on November 14,2023 under Commission File No. 333-262701-05, and is incorporated by referenceherein).

 

(99.2)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between Goldman SachsMortgage Company and Citigroup Commercial Mortgage Securities Inc., pursuant towhich Goldman Sachs Mortgage Company sold certain mortgage loans to CitigroupCommercial Mortgage Securities Inc. (filed as Exhibit 99.2 to the registrant'sCurrent Report on Form 8-K dated November 9, 2023, and filed on November 14,2023 under Commission File No. 333-262701-05, and is incorporated by referenceherein).

 

(99.3)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between German AmericanCapital Corporation and Citigroup Commercial Mortgage Securities Inc., pursuantto which German American Capital Corporation sold certain mortgage loans toCitigroup Commercial Mortgage Securities Inc. (filed as Exhibit 99.3 to theregistrant's Current Report on Form 8-K dated November 9, 2023, and filed onNovember 14, 2023 under Commission File No. 333-262701-05, and is incorporated byreference herein). 

 

(99.4)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between BarclaysCapital Real Estate Inc. and Citigroup Commercial Mortgage Securities Inc.,pursuant to which Barclays Capital Real Estate Inc. sold certain mortgage loansto Citigroup Commercial Mortgage Securities Inc. (filed as Exhibit 99.4 to theregistrant's Current Report on Form 8-K dated November 9, 2023, and filed onNovember 14, 2023 under Commission File No. 333-262701-05, and is incorporatedby reference herein).

 

(99.5)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between JPMorgan ChaseBank, National Association and Citigroup Commercial Mortgage Securities Inc.,pursuant to which JPMorgan Chase Bank, National Association sold certainmortgage loans to Citigroup Commercial Mortgage Securities Inc. (filed asExhibit 99.5 to the registrant's Current Report on Form 8-K dated November 9,2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,and is incorporated by reference herein).

 

(99.6)  MortgageLoan Purchase Agreement, dated as of November 21, 2023, between Bank ofMontreal and Citigroup Commercial Mortgage Securities Inc., pursuant to whichBank of Montreal sold certain mortgage loans to Citigroup Commercial MortgageSecurities Inc. (filed as Exhibit 99.6 to the registrant's Current Report on Form8-K dated November 9, 2023, and filed on November 14, 2023 under CommissionFile No. 333-262701-05, and is incorporated by reference herein).

 

 

(b)The exhibits required to be filed by Registrant pursuant to Item 601ofRegulation S-K are listed above.

 

(c)Not Applicable

 

 

**SIGNATURES**

 

Pursuantto the requirements of Section 13 or 15(d) of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

 

CitigroupCommercial Mortgage Securities Inc.

(Depositor)

 

/s/Richard Simpson

RichardSimpson, President 

(seniorofficer in charge of securitization of the depositor)

 

Date:March 28, 2024