**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

**x****  ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

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

**o**** ****TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-260277-04**

**Central Index Key Number of the issuing entity:0001966002**

**Benchmark 2023-B38 Mortgage Trust**

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

** **

**Central Index Key Number of the depositor: 0001013454**

**Deutsche Mortgage & AssetReceiving Corporation**

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

** **

**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: 0001541502**

**Goldman Sachs Mortgage Company**

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

** **

**Central Index Key Number of the sponsor: 0000835271**

**JPMorgan Chase Bank, NationalAssociation**

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

** **

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

**Citi Real Estate Funding Inc.**

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

** **

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

**the issuing entity)** | **38-4258144**

**38-4258145**

**38-4258146**

**38-7292481**

**(I.R.S. Employer**

**Identification Numbers)** |
|------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|

**c/o Computershare Trust Company, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

**(Address of principalexecutive offices of the issuing entity)**

**21045**

**(Zip Code)**

**Registrant’s telephone number,including area code:**

**(212) 250-2500**

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 theAct:  None.

Indicate by check mark if the registrant is a well-knownseasoned issuer, as defined in Rule 405 of the Securities Act.  o Yes ⌧No

Indicate by check mark if the registrant is not required tofile reports pursuant to Section 13 or Section 15(d) of the Act.  o Yes ⌧No

Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.  ⌧ Yes oNo

Indicate by check mark whether the registrant has submittedelectronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (Section 232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant wasrequired to submit such 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 acceleratedfiler        o                                                                                                       Accelerated filer                                     o

Non-acceleratedfiler          ⌧                                                                                                       Smallerreporting company                    o

                                                                                                                                                       Emerging growthcompany                    o

If an emerging growth company, indicate by check mark if theregistrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.  o

Indicate by check mark whether the registrant has filed areport on and attestation to its management’s assessment of the effectivenessof its internal 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. o

If securities are registered pursuant to Section 12(b) of theAct, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issuedfinancial statements. o

Indicate by check mark whether any of those error correctionsare restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b). o

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Act).  o Yes ⌧ No

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.  oYes oNo

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 pursuantto Rule 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**

The Pacific Design Center Mortgage Loan, theGreat Lakes Crossing Outlets Mortgage Loan and the Riverport Tower MortgageLoan, which constituted approximately 9.99%, 7.6% and 2.3%, respectively, ofthe asset pool of the issuing entity as of its cut-off date, are each an assetof the issuing entity and are each part of a loan combination that includes (a)with respect to the Pacific Design Center Mortgage Loan, eight other *paripassu* loans, which are not assets of the issuing entity, (b) with respectto the Great Lakes Crossing Outlets Mortgage Loan, eight other *pari passu*loans, which are not assets of the issuing entity and (c) with respect to theRiverport Tower Mortgage Loan, one other *pari passu* loan, which is notan asset of the issuing entity. These loan combinations, including the PacificDesign Center Mortgage Loan, the Great Lakes Crossing Outlets Mortgage Loan andthe Riverport Tower Mortgage Loan, are being serviced and administered pursuantto the Pooling and Servicing Agreement, which is incorporated by reference asExhibit 4.1 to this Annual Report on Form 10-K. 

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on the ExhibitIndex) with respect to the One Campus Martius Mortgage Loan, which constitutedapproximately 4.2% of the asset pool of the issuing entity as of its cut-offdate.  The One Campus Martius Mortgage Loan is an asset of the issuingentity and is part of a loan combination that includes the One Campus MartiusMortgage Loan and seven other *pari passu* loans, which are not assets ofthe issuing entity. A *pari passu* portion of the loan combination wassecuritized in the Benchmark 2022-B36 Mortgage Trust transaction, CommissionFile Number 333-258342-02 (the “Benchmark 2022-B36 Transaction”). Thisloan combination, including the One Campus Martius Mortgage Loan, is beingserviced and administered pursuant to the pooling and servicing agreement forthe Benchmark 2022-B36 Transaction, which is incorporated by reference asExhibit 4.2 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Sentinel Square II Mortgage Loan and theCenters of High Point Mortgage Loan, which constituted approximately 1.5% and1.5%, respectively, of the asset pool of the issuing entity as of its cut-offdate.  The Sentinel Square II Mortgage Loan and the Centers of High PointMortgage Loan are each an asset of the issuing entity and are each part of aloan combination that includes (a) with respect to the Sentinel Square IIMortgage Loan, four other *pari passu* loans, which are not assets of theissuing entity and (b) with respect to the Centers of High Point Mortgage Loan,one other *pari passu* loan, which is not an asset of the issuing entity.A *pari passu* portion of each loan combination was securitized in theFIVE 2023-V1 Mortgage Trust transaction, Commission File Number 333-260277-02(the “FIVE 2023-V1 Transaction”). These loan combinations, including theSentinel Square II Mortgage Loan and the Centers of High Point Mortgage Loan,are being serviced and administered pursuant to the pooling and servicingagreement for the FIVE 2023-V1 Transaction, which is incorporated by referenceas Exhibit 4.3 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Scottsdale Fashion Square Mortgage Loan,which constituted approximately 7.5% of the asset pool of the issuing entity asof its cut-off date.  The Scottsdale Fashion Square Mortgage Loan is anasset of the issuing entity and is part of a loan combination that includes theScottsdale Fashion Square Mortgage Loan and eight other *pari passu*loans, which are not assets of the issuing entity. A *pari passu* portionof the loan combination was securitized in the Scott Trust 2023-SFS transaction(the “SCOTT 2023-SFS Transaction”). This loan combination, including theScottsdale Fashion Square Mortgage Loan, is being serviced and administeredpursuant to the trust and servicing agreement for the SCOTT 2023-SFSTransaction, which is incorporated by reference as Exhibit 4.4 to this AnnualReport on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the National Warehouse & DistributionPortfolio Mortgage Loan, which constituted approximately 5.3% of the asset poolof the issuing entity as of its cut-off date.  The National Warehouse& Distribution Portfolio Mortgage Loan is an asset of the issuing entityand is part of a loan combination that includes the National Warehouse &Distribution Portfolio Mortgage Loan and four other *pari passu* loans,which are not assets of the issuing entity. A *pari passu* portion of theloan combination was securitized in the BANK5 2023-5YR1 transaction, CommissionFile Number 333-257991-06 (the “BANK5 2023-5YR1 Transaction”). This loancombination, including the National Warehouse & Distribution PortfolioMortgage Loan, is being serviced and administered pursuant to the pooling andservicing agreement for the BANK5 2023-5YR1 Transaction, which is incorporatedby reference as Exhibit 4.5 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Green Acres Mortgage Loan, which constitutedapproximately 7.6% of the asset pool of the issuing entity as of its cut-offdate.  The Green Acres Mortgage Loan is an asset of the issuing entity andis part of a loan combination that includes the Green Acres Mortgage Loan andsixteen other *pari passu* loans, which are not assets of the issuingentity. This loan combination, including the Green Acres Mortgage Loan, wasserviced under the pooling and servicing agreement for the BMO 2023-C4transaction prior to the closing of the securitization of a *pari passu* portionof the Green Acres loan combination in the Benchmark 2023-V2 Mortgage Trusttransaction, Commission File Number 333-262701-03 (the “Benchmark 2023-V2Transaction”).  After the closing of the Benchmark 2023-V2 Transactionon May 25, 2023, this loan combination, including the Green Acres Mortgage Loanwas, and will continue to be, serviced and administered pursuant to the poolingand servicing agreement with respect to the Benchmark 2023-V2 Transaction,which is incorporated by reference as Exhibit 4.6 to this Annual Report on Form10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on the ExhibitIndex) with respect to the 100 Jefferson Road Mortgage Loan, which constitutedapproximately 4.6% of the asset pool of the issuing entity as of its cut-offdate.  The 100 Jefferson Road Mortgage Loan is an asset of the issuingentity and is part of a loan combination that includes the 100 Jefferson RoadMortgage Loan and three other *pari passu* loans, which are not assets ofthe issuing entity. This loan combination, including the 100 Jefferson RoadMortgage Loan, was serviced under the Pooling and Servicing Agreement for theissuing entity prior to the closing of the securitization of a *pari passu*portion of the 100 Jefferson Road loan combination in the MSWF CommercialMortgage Trust 2023-1 transaction, Commission File Number 333-259741-05 (the “MSWF2023-1 Transaction”).  After the closing of the MSWF 2023-1Transaction on May 25, 2023, this loan combination, including the 100 JeffersonRoad Mortgage Loan was, and will continue to be, serviced and administeredpursuant to the pooling and servicing agreement with respect to the MSWF 2023-1Transaction, which is incorporated by reference as Exhibit 4.7 to this AnnualReport on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 1201 Third Avenue Mortgage Loan, whichconstituted approximately 9.1% of the asset pool of the issuing entity as ofits cut-off date.  The 1201 Third Avenue Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the 1201 ThirdAvenue Mortgage Loan and five other *pari passu* loans, which are notassets of the issuing entity. This loan combination, including the 1201 ThirdAvenue Mortgage Loan, was serviced under the pooling and servicing agreementfor the BANK5 2023-5YR1 Transaction prior to the closing of the securitizationof a *pari passu* portion of the 1201 Third Avenue loan combination in theBANK 2023-BNK46 transaction, Commission File Number 333-257991-07 (the “BANK2023-BNK46 Transaction”).  After the closing of the BANK 2023-BNK46Transaction on August 10, 2023, this loan combination, including the 1201 ThirdAvenue Mortgage Loan was, and will continue to be, serviced and administeredpursuant to the pooling and servicing agreement with respect to the BANK2023-BNK46 Transaction, which is incorporated by reference as Exhibit 4.8 tothis Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the CX - 250 Water Street Mortgage Loan, whichconstituted approximately 8.1% of the asset pool of the issuing entity as ofits cut-off date.  The CX - 250 Water Street Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the CX - 250Water Street Mortgage Loan and eighteen other *pari passu* loans, whichare not assets of the issuing entity. This loan combination, including the CX -250 Water Street Mortgage Loan, was serviced under the pooling and servicingagreement for the BANK 2023-BNK45 transaction prior to the closing of thesecuritization of a *pari passu* portion of the CX - 250 Water Street loancombination in the MSWF Commercial Mortgage Trust 2023-2  transaction,Commission File Number 333-257991-09 (the “MSWF 2023-2 Transaction”). After the closing of the MSWF 2023-2 Transaction on December 21, 2023, thisloan combination, including the CX - 250 Water Street Mortgage Loan was, andwill continue to be, serviced and administered pursuant to the pooling andservicing agreement with respect to the MSWF 2023-2 Transaction, which isincorporated by reference as Exhibit 4.9 to this Annual Report on Form 10-K.

The master servicer of a poolingand servicing agreement or trust and servicing agreement also functions as theprimary servicer of the related mortgage loans serviced and administeredpursuant to such agreement unless a separate primary servicer is identifiedherein.  If this report does not identify a separate primary servicer, theservicer compliance statement provided by the master servicer under any suchagreement also encompasses its responsibilities as primary servicer of therelated mortgage loan or mortgage loans.

Midland Loan Services, a Divisionof PNC Bank, National Association is the master servicer of the mortgage loansserviced under the Pooling and Servicing Agreement and the primary servicer ofthe Green Acres Mortgage Loan, the Sentinel Square II Mortgage Loan, theCenters of High Point Mortgage Loan and the One Campus Martius Mortgage Loan andthe special servicer of the One Campus Martius Mortgage Loan prior to May 2,2023. As a result, Midland Loan Services, a Division of PNC Bank, NationalAssociation is a “servicer” as defined in Item 1108(a)(2)(iii) of RegulationAB, in the capacities described above, because it is servicing mortgage loansthat constituted 10% or more of the assets of the issuing entity as of itscut-off date. The assessments of compliance with applicable servicing criteria,accountants’ attestation reports and servicer compliance statements deliveredby Midland Loan Services, a Division of PNC Bank, National Association in thecapacities described above are listed in the Exhibit Index.

LNR Partners, LLC is the specialservicer of the mortgage loans serviced under the Pooling and ServicingAgreement and the 1201 Third Avenue Mortgage Loan. As a result, LNR Partners,LLC is a “servicer” as defined in Item 1108(a)(2)(iii) of Regulation AB, in thecapacities described above, because it is servicing mortgage loans that constituted10% or more of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements delivered by LNRPartners, LLC in the capacities described above are listed in the ExhibitIndex.

Computershare Trust Company,National Association is the custodian of the mortgage loans serviced under thePooling and Servicing Agreement, the 1201 Third Avenue Mortgage Loan, the CX -250 Water Street Mortgage Loan, the Green Acres Mortgage Loan, the ScottsdaleFashion Square Mortgage Loan, the National Warehouse & DistributionPortfolio Mortgage Loan, the 100 Jefferson Road Mortgage Loan, the One CampusMartius Mortgage Loan, the Centers of High Point Mortgage Loan and the SentinelSquare II Mortgage Loan.  As a result, Computershare Trust Company,National Association is a servicing function participant in the capacitiesdescribed above, because it is servicing mortgage loans that constituted 5% ormore of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria and accountants’attestation reports delivered by Computershare Trust Company, NationalAssociation in the capacities described above are listed in the Exhibit Index.

Park Bridge Lender Services LLC isthe operating advisor of the mortgage loans serviced under the Pooling andServicing Agreement, the 1201 Third Avenue Mortgage Loan, the ScottsdaleFashion Square Mortgage Loan, the One Campus Martius Mortgage Loan, theSentinel Square II Mortgage Loan and the Centers of High Point MortgageLoan.  As a result, Park Bridge Lender Services LLC is a servicingfunction participant in the capacities described above, because it is servicingmortgage loans that constituted 5% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria and accountants’ attestation reports delivered by Park Bridge LenderServices LLC in the capacities described above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the primary servicer of the 1201 Third Avenue Mortgage Loan, theCX - 250 Water Street Mortgage Loan, the National Warehouse & DistributionPortfolio Mortgage Loan and the 100 Jefferson Road Mortgage Loan. As a result,Wells Fargo Bank, National Association is a “servicer” as defined in Item1108(a)(2)(iii) of Regulation AB, in the capacities described above, because itis servicing mortgage loans that constituted 10% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements delivered by Wells Fargo Bank, National Association inthe capacities described above are listed in the Exhibit Index.

Pentalpha Surveillance LLC is theoperating advisor of the National Warehouse & Distribution PortfolioMortgage Loan and the 100 Jefferson Road Mortgage Loan.  As a result, PentalphaSurveillance LLC is a servicing function participant in the capacitiesdescribed above, because it is servicing mortgage loans that constituted 5% ormore of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria and accountants’attestation reports delivered by Pentalpha Surveillance LLC in the capacitiesdescribed above are listed in the Exhibit Index.

Argentic Services Company LP isthe special servicer of the Pacific Design Center Mortgage Loan, the CX - 250Water Street Mortgage Loan and the 100 Jefferson Road Mortgage Loan. As aresult, Argentic Services Company LP is a “servicer” as defined in Item1108(a)(2)(iii) of Regulation AB, in the capacities described above, because itis servicing mortgage loans that constituted 10% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements delivered by Argentic Services Company LP in thecapacities described above are listed in the Exhibit Index.

Computershare Trust Company,National Association acts as trustee of the Pacific Design Center MortgageLoan, the Great Lakes Crossing Outlets Mortgage Loan, the Riverport TowerMortgage Loan, the Sentinel Square II Mortgage Loan, the Centers of High PointMortgage Loan, the National Warehouse & Distribution Portfolio MortgageLoan, the Green Acres Mortgage Loan, the 100 Jefferson Road Mortgage Loan andthe CX - 250 Water Street Mortgage Loan.  Pursuant to the Pooling andServicing Agreement, the pooling and servicing agreement for the FIVE 2023-V1Transaction, the pooling and servicing agreement for the BANK5 2023-5YR1Transaction, the pooling and servicing agreement for the Benchmark 2023-V2Transaction, the pooling and servicing agreement for the MSWF 2023-1Transaction and the pooling and servicing agreement for the MSWF 2023-2Transaction, the trustee is required to provide an assessment of compliance withapplicable servicing criteria solely with respect to Item 1122(d)(2)(iii) ofRegulation AB (regarding advances of funds or guarantees regarding collections,cash flows or distributions, and any interest or other fees charged for suchadvances, are made, reviewed and approved as specified in the transactionagreements). However, during the reporting period, the trustee did not performany servicing function with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the Pacific Design Center MortgageLoan, the Great Lakes Crossing Outlets Mortgage Loan, the Riverport TowerMortgage Loan, the Sentinel Square II Mortgage Loan, the Centers of High PointMortgage Loan, the National Warehouse & Distribution Portfolio MortgageLoan, the Green Acres Mortgage Loan, the 100 Jefferson Road Mortgage Loan andthe CX - 250 Water Street Mortgage Loan have delivered one or more assessmentsof compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of the One Campus Martius Mortgage Loan, theScottsdale Fashion Square Mortgage Loan and the 1201 Third Avenue MortgageLoan.  Pursuant to the pooling and servicing agreement for the Benchmark2022-B36 Transaction, the trust and servicing agreement for the SCOTT 2023-SFSTransaction and the pooling and servicing agreement for the BANK 2023-BNK46Transaction, the trustee is required to provide an assessment of compliancewith applicable servicing criteria solely with respect to Item 1122(d)(2)(iii)of Regulation AB (regarding advances of funds or guarantees regardingcollections, cash flows or distributions, and any interest or other feescharged for such advances, are made, reviewed and approved as specified in thetransaction agreements). However, during the reporting period, the trustee didnot perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in theassessment of compliance with applicable servicing criteria and accountant’sattestation report for the subject transaction.  As a result, this AnnualReport on Form 10-K does not include an assessment of compliance withapplicable servicing criteria of the trustee. One or more other servicers ofthe One Campus Martius Mortgage Loan, the Scottsdale Fashion Square MortgageLoan and the 1201 Third Avenue Mortgage Loan have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

This Annual Report on Form 10-Kincludes assessments of compliance with applicable servicing criteria andaccountants’ attestation reports from CoreLogic Solutions, LLC.  Thisentity was engaged by the primary servicer of the National Warehouse &Distribution Portfolio Mortgage Loan, the 100 Jefferson Road Mortgage Loan, the1201 Third Avenue Mortgage Loan and the CX - 250 Water Street Mortgage Loan toremit tax payments received from the escrow accounts of borrowers to localtaxing authorities, to report tax amounts due, to verify tax parcel information,and to verify non-escrow tax payments. These servicing functions are includedwithin the servicing criteria set forth in Items 1122(d)(4)(xi) and1122(d)(4)(xii) of Regulation AB.  Therefore, under the principles-baseddefinition of “servicer” set forth in Item 1101(j) of Regulation AB that looksto the functions that an entity performs, this vendor is a “servicer” for thepurposes of Item 1122 of Regulation AB.  *See* Compliance andDisclosure Interpretations, Section 301.01 (Item 1101(j)).

The assessmentsof compliance with applicable servicing criteria, accountants’ attestationreports and servicer compliance statements of the certificate administrator ofthe One Campus Martius Mortgage Loan, the Sentinel Square II Mortgage Loan, theCenters of High Point Mortgage Loan, the Scottsdale Fashion Square MortgageLoan, the National Warehouse & Distribution Portfolio Mortgage Loan, theGreen Acres Mortgage Loan, the 100 Jefferson Road Mortgage Loan, the 1201 ThirdAvenue Mortgage Loan and the CX - 250 Water Street Mortgage Loan are omittedfrom this Annual Report on Form 10-K as the certificate administrator pursuantto the related pooling and servicing agreement or trust and servicing agreementdoes not perform any activities that address servicing criteria with respect tothe issuing entity and because they are each not a “servicer” that meets thecriteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combinations that include the One Campus Martius Mortgage Loan, theSentinel Square II Mortgage Loan, the Centers of High Point Mortgage Loan, theScottsdale Fashion Square Mortgage Loan, the National Warehouse &Distribution Portfolio Mortgage Loan and the Green Acres Mortgage Loan, (i) thereports on assessment of compliance with servicing criteria and attestationreports on assessment of compliance with servicing criteria of K-Star AssetManagement LLC as special servicer of the One Campus Martius Mortgage Loan onand after May 2, 2023 and Greystone Servicing Company LLC as special servicerof the Sentinel Square II Mortgage Loan and the Centers of High Point MortgageLoan, listed on the Exhibit Index are omitted from this Annual Report on Form10-K as they are not required to be included on this Annual Report on Form 10-Kper Instruction 3 to Item 1122 of Regulation AB because they are partiesperforming activities that address servicing criteria relating to 5% or less ofthe assets of the issuing entity; and (ii) the servicer compliance statementsof K-Star Asset Management LLC as special servicer of the One Campus MartiusMortgage Loan on and after May 2, 2023, Greystone Servicing Company LLC asspecial servicer of the Sentinel Square II Mortgage Loan and the Centers ofHigh Point Mortgage Loan, Berkadia Commercial Mortgage LLC as primary servicerof the Scottsdale Fashion Square Mortgage Loan, KeyBank National Association asspecial servicer of the Scottsdale Fashion Square Mortgage Loan, CWCapitalAsset Management LLC as special servicer of the National Warehouse &Distribution Portfolio Mortgage Loan and 3650 REIT Loan Servicing LLC asspecial servicer of the Green Acres Mortgage Loan, listed on the Exhibit Indexare omitted from this Annual Report on Form 10-K as they are not required byItem 1123 of Regulation AB to be included on this Annual Report on Form 10-Kbecause they are each an unaffiliated party that is not a “servicer” that meetsthe criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

**Item 1B.  Unresolved Staff Comments.**

None.

**Item 1C.  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.  [Reserved]**

**Item 7.  Management’s Discussion and Analysis ofFinancial Condition and Results of Operations.**

Omitted.

**Item 7A.  Quantitative and Qualitative DisclosuresAbout Market Risk.**

Omitted.

**Item 8.  Financial Statements and Supplementary Data.**

Omitted.

**Item 9.  Changes in and Disagreements WithAccountants on Accounting and Financial Disclosure.**

Omitted.

**Item 9A.  Controls and Procedures.**

Omitted.

**Item 9B.  Other Information.**

None.

**Item 9C.  Disclosure Regarding Foreign Jurisdictionsthat Prevent Inspections.**

None.

**PART III**

**Item 10.  Directors, Executive Officers and CorporateGovernance.**

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

**Item 12.  Security Ownership of Certain BeneficialOwners and Management and Related Stockholder Matters.**

Omitted.

**Item 13.  Certain Relationships and RelatedTransactions, and Director Independence.**

Omitted.

**Item 14.  Principal Accountant Fees and Services.**

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

**Item 1112(b) of Regulation AB, Significant ObligorFinancial Information.**

No single obligor represents 10% or more of the pool assetsheld by the issuing entity. 

 

**Item 1114(b)(2) of Regulation AB, Significant EnhancementProvider Financial Information.**

No entity or group of affiliated entities provides any external creditenhancement or other support for the certificates within this transaction asdescribed under Item 1114(a) of Regulation AB.

**Item 1115(b) of Regulation AB, Certain DerivativesInstruments (Financial Information).**

No entity or group of affiliated entities provides anyderivative instruments or other support for the certificates within thistransaction as described under Item 1115 of Regulation AB.

**Item 1117 of Regulation AB, Legal Proceedings.**

The registrant knows of no material pending legal proceedinginvolving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties. 

**Item 1119 of Regulation AB, Affiliations and CertainRelationships and Related Transactions.**

The information regarding this Item has been previouslyprovided in the prospectus of the Registrant relating to the issuing entityfiled on April 21, 2023 pursuant to Rule 424(b)(2).

**Item 1122 of Regulation AB, Compliance with ApplicableServicing Criteria.**

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the mortgage loans are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as ScheduleII to the Pooling and Servicing Agreement incorporated by reference as Exhibit4.1 to this Annual Report on Form 10-K is a chart identifying the entitiesparticipating in a servicing function for the transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the One Campus Martius Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the Benchmark 2022-B36 Transaction, are attached hereto underItem 15 to this Annual Report on Form 10-K. Attached as Exhibit AA to thepooling and servicing agreement for the Benchmark 2022-B36 Transactionincorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theBenchmark 2022-B36 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Sentinel Square II Mortgage Loanand the Centers of High Point Mortgage Loan, which are being serviced andadministered pursuant to the pooling and servicing agreement for the FIVE2023-V1 Transaction, are attached hereto under Item 15 to this Annual Report onForm 10-K. Attached as Schedule II to the pooling and servicing agreement forthe FIVE 2023-V1 Transaction incorporated by reference as Exhibit 4.3 to thisAnnual Report on Form 10-K is a chart identifying the entities participating ina servicing function for the FIVE 2023-V1 Transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Scottsdale Fashion SquareMortgage Loan, which is being serviced and administered pursuant to the trustand servicing agreement for the SCOTT 2023-SFS Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L to thetrust and servicing agreement for the SCOTT 2023-SFS Transaction incorporatedby reference as Exhibit 4.4 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the SCOTT2023-SFS Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the National Warehouse &Distribution Portfolio Mortgage Loan, which is being serviced and administeredpursuant to the pooling and servicing agreement for the BANK5 2023-5YR1Transaction, are attached hereto under Item 15 to this Annual Report on Form10-K. Attached as Exhibit AA to the pooling and servicing agreement for theBANK5 2023-5YR1 Transaction incorporated by reference as Exhibit 4.5 to thisAnnual Report on Form 10-K is a chart identifying the entities participating ina servicing function for the BANK5 2023-5YR1 Transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Green Acres Mortgage Loan, whichis being serviced and administered pursuant to the pooling and servicingagreement for the Benchmark 2023-V2 Transaction, are attached hereto under Item15 to this Annual Report on Form 10-K. Attached as Exhibit O to the pooling andservicing agreement for the Benchmark 2023-V2 Transaction incorporated byreference as Exhibit 4.6 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for theBenchmark 2023-V2 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 100 Jefferson Road Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the MSWF 2023-1 Transaction, are attached hereto under Item 15 tothis Annual Report on Form 10-K. Attached as Exhibit Z to the pooling andservicing agreement for the MSWF 2023-1 Transaction incorporated by referenceas Exhibit 4.7 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the MSWF 2023-1 Transactionresponsible for each applicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 1201 Third Avenue Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the BANK 2023-BNK46 Transaction, are attached hereto under Item15 to this Annual Report on Form 10-K. Attached as Exhibit AA to the poolingand servicing agreement for the BANK 2023-BNK46 Transaction incorporated byreference as Exhibit 4.8 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the BANK2023-BNK46 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the CX - 250 Water Street MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the MSWF 2023-2 Transaction, are attached hereto underItem 15 to this Annual Report on Form 10-K. Attached as Exhibit Z to thepooling and servicing agreement for the MSWF 2023-2 Transaction incorporated byreference as Exhibit 4.9 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the MSWF2023-2 Transaction responsible for each applicable servicing criteria set forthin Item 1122(d).

**Item 1123 of Regulation AB, Servicer Compliance Statement.**

The servicer compliance statements are attached as Exhibitsto this Annual Report on Form 10-K.

**PART IV**

**Item 15. Exhibit, and Financial Statement Schedules**

(a) The following is a list of documents filed as part ofthis Annual Report on Form 10-K:

(1) Not applicable

(2) Not applicable

(3) See below

 

4.1          Poolingand Servicing Agreement, dated as of April 1, 2023, between DeutscheMortgage & Asset Receiving Corporation, as Depositor, Midland LoanServices, a Division of PNC Bank, National Association, as Master Servicer, LNRPartners, LLC, as General Special Servicer, Argentic Services Company LP, asPacific Design Center Special Servicer, Computershare Trust Company, N.A., asTrustee, Certificate Administrator, Paying Agent and Custodian, and Park BridgeLender Services LLC, as Operating Advisor and Asset Representations Reviewer(filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed onSeptember 8, 2023 under Commission File No. 333-260277-04 and incorporated byreference herein).

4.2          Poolingand Servicing Agreement, dated as of August 1, 2022, between J.P. Morgan ChaseCommercial Mortgage Securities Corp., as Depositor, Midland Loan Services, aDivision of PNC Bank, National Association, as Master Servicer, Midland LoanServices, a Division of PNC Bank, National Association, as Special Servicer,Computershare Trust Company, National Association, as CertificateAdministrator, Wilmington Trust, National Association, as Trustee, and ParkBridge Lender LLC, as Operating Advisor and as Asset Representations Reviewer(filed as Exhibit 99.9 to the registrant’s Current Report on Form 8-K filed onApril 21, 2023 under Commission File No. 333-260277-04 and incorporated byreference herein).

4.3          Poolingand Servicing Agreement, dated as of February 1, 2023, between DeutscheMortgage & Asset Receiving Corporation, as Depositor, Midland LoanServices, a Division of PNC Bank, National Association, as Master Servicer,Greystone Servicing Company LLC, as Special Servicer, Computershare TrustCompany, N.A, as Trustee, Computershare Trust Company, N.A, as CertificateAdministrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC,as Operating Advisor and Asset Representations Reviewer (filed as Exhibit 99.10to the registrant’s Current Report on Form 8-K filed on April 21, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein).

4.4          Trustand Servicing Agreement, dated as of March 17, 2023, between GS MortgageSecurities Corporation II, as Depositor, Berkadia Commercial Mortgage LLC, asServicer, KeyBank National Association, as Special Servicer, ComputershareTrust Company, N.A., as Certificate Administrator and Custodian, WilmingtonTrust, National Association, as Trustee, and Park Bridge Lender Services LLC,as Operating Advisor (filed as Exhibit 99.8 to the registrant’s Current Reporton Form 8-K filed on April 21, 2023 under Commission File No. 333-260277-04 andincorporated by reference herein).

4.5          Poolingand Servicing Agreement, dated as of April 1, 2023, among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, CWCapital Asset Management LLC, as SpecialServicer, Computershare Trust Company, N.A., as Certificate Administrator andas Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as AssetRepresentations Reviewer (filed as Exhibit 99.5 to the registrant’s CurrentReport on Form 8-K filed on April 21, 2023 under Commission File No.333-260277-04 and incorporated by reference herein).

4.6          Poolingand Servicing Agreement, dated as of May 1, 2023, among Citigroup CommercialMortgage Securities Inc., as Depositor, Midland Loan Services, a Division ofPNC Bank, National Association, as Master Servicer, 3650 REIT Loan ServicingLLC, as a Special Servicer, BellOak, LLC, as Operating Advisor and AssetRepresentations Reviewer, and Computershare Trust Company, NationalAssociation, as Certificate Administrator and Trustee (filed as Exhibit 99.1 tothe registrant’s Current Report on Form 8-K filed on May 31, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein). 

4.7          Poolingand Servicing Agreement, dated as of May 1, 2023, between Morgan StanleyCapital I Inc., as Depositor, Wells Fargo Bank, National Association, as MasterServicer, Argentic Services Company LP, as Special Servicer, ComputershareTrust Company, National Association, as Certificate Administrator and asTrustee, and Pentalpha Surveillance LLC, as Operating Advisor and as AssetRepresentations Reviewer (filed as Exhibit 99.1 to the registrant’s CurrentReport on Form 8-K filed on May 31, 2023 under Commission File No.333-260277-04 and incorporated by reference herein). 

4.8          Poolingand Servicing Agreement, dated as of August 1, 2023, among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as General Master Servicer, LNR Partners, LLC, as General SpecialServicer, National Cooperative Bank, N.A., as Co-op Master Servicer and asCo-op Special Servicer, Computershare Trust Company, N.A., as CertificateAdministrator, Wilmington Trust, National Association, as Trustee, and ParkBridge Lender Services LLC, as Operating Advisor and as Asset RepresentationsReviewer (filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-Kfiled on August 14, 2023 under Commission File No. 333-260277-04 andincorporated by reference herein). 

4.9          Poolingand Servicing Agreement, dated as of December 1, 2023, among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Argentic Services Company LP, as SpecialServicer, Computershare Trust Company, National Association, as CertificateAdministrator and as Trustee, and BellOak, LLC, as Operating Advisor and as AssetRepresentations Reviewer (filed as Exhibit 99.1 to the registrant’s CurrentReport on Form 8-K filed on December 27, 2023 under Commission File No.333-260277-04 and incorporated by reference herein).

4.10        AgreementBetween Noteholders, dated as of February 1, 2023, by and among Goldman SachsBank USA, as Initial Note A-1 Holder, Goldman Sachs Bank USA, as Initial NoteA-2 Holder, Goldman Sachs Bank USA, as Initial Note A-3 Holder, Goldman SachsBank USA, as Initial Note A-4 Holder, Goldman Sachs Bank USA, as Initial NoteA-5 Holder, Goldman Sachs Bank USA, as Initial Note A-6 Holder, Goldman Sachs BankUSA, as Initial Note A-7 Holder, Bank of Montreal, as Initial Note A-8 Holder,Bank of Montreal, as Initial Note A-9 Holder, and Goldman Sachs Bank USA, asInitial Note B Holder (filed as Exhibit 99.11 to the registrant’s CurrentReport on Form 8-K filed on April 21, 2023 under Commission File No.333-260277-04 and incorporated by reference herein).

4.11        AgreementBetween Note Holders, dated as of April 19, 2023 by and between Morgan StanleyBank, N.A., as Initial Note A-1-1 Holder, Morgan Stanley Bank, N.A., as InitialNote A-1-2 Holder, Morgan Stanley Bank, N.A., as Initial Note A-1-3 Holder,Morgan Stanley Bank, N.A., as Initial Note A-2 Holder, JPMorgan Chase Bank,National Association, as Initial Note A-3 Holder, and JPMorgan Chase Bank,National Association, as Initial Note A-4 Holder (filed as Exhibit 99.12 to theregistrant’s Current Report on Form 8-K filed on April 21, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein).

4.12        AgreementBetween Note Holders, dated as of January 27, 2023, by and between  Bank ofAmerica, National Association, as Initial Note A-1 Holder, Bank of America,National Association, as Initial Note A-2 Holder, Bank of America, NationalAssociation, as Initial Note A-3 Holder, Bank of America, National Association,as Initial Note A-4 Holder, Bank of America, National Association, as InitialNote A-5 Holder, Bank of America, National Association, as Initial Note A-6Holder, Bank of America, National Association, as Initial Note A-7 Holder, Bankof America, National Association, as Initial Note A-8 Holder, Wells Fargo Bank,National Association, as Initial Note A-9 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-10 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-11 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-12 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-13 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-14 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-15 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-16 Holder, Goldman Sachs Bank USA, as InitialNote A-17 Holder, Goldman Sachs Bank USA, as Initial Note A-18 Holder, 3650Real Estate Investment Trust 2 LLC, as Initial Note A-19 Holder, and 3650 RealEstate Investment Trust 2 LLC, as Initial Note A-20 Holder (filed as Exhibit99.13 to the registrant’s Current Report on Form 8-K filed on April 21, 2023under Commission File No. 333-260277-04 and incorporated by reference herein).

4.13        Co-LenderAgreement, dated as of February 13, 2023, by and among Goldman Sachs Bank USA,as Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Note A-3Holder, Bank of Montreal, as Initial Note A-4 Holder, Initial Note A-5 Holder,Initial Note A-6 Holder, Initial Note A-7 Holder and Initial Note A-8 Holder,Morgan Stanley Bank, N.A., as Initial Note A-9 Holder, Initial Note A-10Holder, Initial Note A-11 Holder and Initial Note A-12 Holder, and DBRInvestments Co. Limited, as Initial Note A-13 Holder, Initial Note A-14 Holder,Initial Note A-15 Holder and Initial Note A-16 Holder (filed as Exhibit 99.14to the registrant’s Current Report on Form 8-K filed on April 21, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein).

4.14        Co-LenderAgreement, dated as of January 5, 2023, by and among Goldman Sachs Bank USA, asInitial Note A-1 Holder, DBR Investments Co. Limited, as Initial Note A-2Holder, and Bank of Montreal, as Initial Note A-3 Holder (filed as Exhibit99.15 to the registrant’s Current Report on Form 8-K filed on April 21, 2023under Commission File No. 333-260277-04 and incorporated by reference herein).

4.15        Co-LenderAgreement, dated as of March 3, 2023, by and among Goldman Sachs Bank USA, asInitial Note A-1-S1 Holder, Goldman Sachs Bank USA, as Initial Note A-1-C1Holder, Goldman Sachs Bank USA, as Initial Note A-1-C2 Holder, Goldman SachsBank USA, as Initial Note A-1-C3 Holder, Goldman Sachs Bank USA, as InitialNote A-1-C4 Holder, Deutsche Bank AG, New York Branch, as Initial Note A-2-S1Holder, Deutsche Bank AG, New York Branch, as Initial Note A-2-C1 Holder,Deutsche Bank AG, New York Branch, as Initial Note A-2-C2 Holder, and DeutscheBank AG, New York Branch, as Initial Note A-2-C3 Holder (filed as Exhibit 99.16to the registrant’s Current Report on Form 8-K filed on April 21, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein).

4.16        Co-LenderAgreement, dated as of March 13, 2023, by and between Citi Real Estate FundingInc., as Initial Note A-1 Holder, Citi Real Estate Funding Inc., as InitialNote A-2 Holder, Citi Real Estate Funding Inc., as Initial Note A-3 Holder,Citi Real Estate Funding Inc., as Initial Note A-4-1 Holder, Citi Real EstateFunding Inc., as Initial Note A-4-2 Holder, and Citi Real Estate Funding Inc.,as Initial Note A-5 Holder (filed as Exhibit 99.17 to the registrant’s CurrentReport on Form 8-K filed on April 21, 2023 under Commission File No.333-260277-04 and incorporated by reference herein).

4.17        Co-LenderAgreement, dated as of March 10, 2023, by and between JPMorgan Chase Bank,National Association, as Initial Note A-1 Holder, Argentic Real Estate Finance2 LLC, as Initial Note A-2 Holder,  Argentic Real Estate Finance 2 LLC, asInitial Note A-3 Holder, and Argentic Real Estate Finance 2 LLC, as InitialNote A-4 Holder (filed as Exhibit 99.18 to the registrant’s Current Report onForm 8-K filed on April 21, 2023 under Commission File No. 333-260277-04 andincorporated by reference herein).

4.18        Co-LenderAgreement, dated as of June 28, 2022, by and between JPMorgan Chase Bank,National Association, as Initial Note A-1 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-2 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-3 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-4 Holder, JPMorgan Chase Bank, National Association,as Initial Note A-5 Holder, Morgan Stanley Bank, N.A., as Initial Note A-6Holder, Morgan Stanley Bank, N.A., as Initial Note A-7 Holder, and MorganStanley Bank, N.A., as Initial Note A-8 Holder (filed as Exhibit 99.19 to theregistrant’s Current Report on Form 8-K filed on April 21, 2023 underCommission File No. 333-260277-04 and incorporated by reference herein).

4.19        AgreementBetween Noteholders, dated as of November 3, 2022 by and among Goldman SachsBank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as InitialNote A-2 Holder (filed as Exhibit 99.20 to the registrant’s Current Report onForm 8-K filed on April 21, 2023 under Commission File No. 333-260277-04 andincorporated by reference herein).

4.20        Amendedand Restated Co-Lender Agreement, dated as of April 5, 2023, between GermanAmerican Capital Corporation, as Note A-1-1 Holder, German American CapitalCorporation, as Note A-1-2 Holder, Computershare Trust Company, N.A., asTrustee for the benefit of the Registered Holders of FIVE 2023-V1 MortgageTrust Commercial Mortgage Pass-Through Certificates Series 2023-V1, as Note A-2Holder, Computershare Trust Company, N.A., as Trustee for the benefit of theRegistered Holders of FIVE 2023-V1 Mortgage Trust Commercial MortgagePass-Through Certificates Series 2023-V1, as Note A-3 Holder, and ComputershareTrust Company, N.A., as Trustee for the benefit of the Registered Holders ofFIVE 2023-V1 Mortgage Trust Commercial Mortgage Pass-Through CertificatesSeries 2023-V1, as Note A-4 Holder (filed as Exhibit 99.21 to the registrant’sCurrent Report on Form 8-K filed on April 21, 2023 under Commission File No.333-260277-04 and incorporated by reference herein).

4.21        Co-LenderAgreement, dated as of February 28, 2023, between DBR Investments Co. Limited,as Note A-1 Holder, and DBR Investments Co. Limited, as Note A-2 Holder (filedas Exhibit 99.22 to the registrant’s Current Report on Form 8-K filed on April21, 2023 under Commission File No. 333-260277-04 and incorporated by referenceherein).

 

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

33           Reports on assessment of compliance with servicing criteria for asset-backedsecurities.

33.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

33.2        LNR Partners, LLC, as Special Servicer

33.3        Computershare Trust Company, National Association,as Trustee and Certificate Administrator

33.4        Computershare Trust Company, National Association,as Custodian

33.5        Park Bridge Lender Services LLC, as OperatingAdvisor

33.6        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Pacific Design Center MortgageLoan (see Exhibit 33.1)

33.7        Argentic Services Company LP, as Special Servicerof the Pacific Design Center Mortgage Loan

33.8        Computershare Trust Company, National Association, as Trustee of the PacificDesign Center Mortgage Loan (Omitted. See ExplanatoryNotes.)

33.9        Computershare Trust Company, National Association,as Custodian of the Pacific Design Center Mortgage Loan (see Exhibit 33.4)

33.10      Park Bridge Lender Services LLC, as Operating Advisorof the Pacific Design Center Mortgage Loan (see Exhibit 33.5)

33.11      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan (see Exhibit 33.1)

33.12      LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 33.2)

33.13      Computershare Trust Company, National Association, as Trustee of the GreatLakes Crossing Outlets Mortgage Loan (Omitted. SeeExplanatory Notes.)

33.14      Computershare Trust Company, National Association,as Custodian of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit33.4)

33.15      Park Bridge Lender Services LLC, as OperatingAdvisor of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit 33.5)

33.16      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Riverport Tower Mortgage Loan(see Exhibit 33.1)

33.17      LNR Partners, LLC, as Special Servicer of theRiverport Tower Mortgage Loan (see Exhibit 33.2)

33.18       ComputershareTrust Company, National Association, as Trustee of the Riverport Tower MortgageLoan (Omitted. See Explanatory Notes.) 

33.19      Computershare Trust Company, National Association,as Custodian of the Riverport Tower Mortgage Loan (see Exhibit 33.4)

33.20      Park Bridge Lender Services LLC, as OperatingAdvisor of the Riverport Tower Mortgage Loan (see Exhibit 33.5)

33.21      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the One Campus Martius MortgageLoan (see Exhibit 33.1)

33.22      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the One Campus Martius MortgageLoan prior to May 2, 2023 (see Exhibit 33.1)

33.23      K-Star Asset Management LLC, as Special Servicer of the One Campus MartiusMortgage Loan on and after May 2, 2023 (Omitted. See Explanatory Notes.)

33.24      Wilmington Trust, National Association, as Trustee of the One Campus MartiusMortgage Loan (Omitted. See Explanatory Notes.)

33.25      Computershare Trust Company, National Association,as Custodian of the One Campus Martius Mortgage Loan (see Exhibit 33.4)

33.26      Park Bridge Lender Services LLC, as OperatingAdvisor of the One Campus Martius Mortgage Loan (see Exhibit 33.5)

33.27      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Sentinel Square II MortgageLoan (see Exhibit 33.1)

33.28      Greystone Servicing Company LLC, as Special Servicer of the Sentinel Square IIMortgage Loan (Omitted. See Explanatory Notes.)

33.29       ComputershareTrust Company, National Association, as Trustee of the Sentinel Square IIMortgage Loan (Omitted. See Explanatory Notes.)

33.30      Computershare Trust Company, National Association,as Custodian of the Sentinel Square II Mortgage Loan (see Exhibit 33.4)

33.31      Park Bridge Lender Services LLC, as OperatingAdvisor of the Sentinel Square II Mortgage Loan (see Exhibit 33.5)

33.32      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Centers of High Point MortgageLoan (see Exhibit 33.1)

33.33      Greystone Servicing Company LLC, as Special Servicer of the Centers of HighPoint Mortgage Loan (Omitted. See Explanatory Notes.)

33.34      Computershare Trust Company, National Association, as Trustee of the Centers ofHigh Point Mortgage Loan (Omitted. See Explanatory Notes.) 

33.35      Computershare Trust Company, National Association,as Custodian of the Centers of High Point Mortgage Loan (see Exhibit 33.4)

33.36      Park Bridge Lender Services LLC, as OperatingAdvisor of the Centers of High Point Mortgage Loan (see Exhibit 33.5)

33.37      Berkadia Commercial Mortgage LLC, as PrimaryServicer of the Scottsdale Fashion Square Mortgage Loan

33.38      KeyBank National Association, as Special Servicerof the Scottsdale Fashion Square Mortgage Loan

33.39      Wilmington Trust, National Association, as Trustee of the Scottsdale FashionSquare Mortgage Loan (Omitted. See Explanatory Notes.)

33.40      Computershare Trust Company, National Association,as Custodian of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 33.4)

33.41      Park Bridge Lender Services LLC, as OperatingAdvisor of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 33.5)

33.42      Wells Fargo Bank, National Association, as PrimaryServicer of the National Warehouse & Distribution Portfolio Mortgage Loan

33.43      CWCapital Asset Management LLC, as SpecialServicer of the National Warehouse & Distribution Portfolio Mortgage Loan

33.44      Computershare Trust Company, National Association, as Trustee of the NationalWarehouse & Distribution Portfolio Mortgage Loan (Omitted. See ExplanatoryNotes.) 

33.45      Computershare Trust Company, National Association,as Custodian of the National Warehouse & Distribution Portfolio MortgageLoan (see Exhibit 33.4)

33.46      Pentalpha Surveillance LLC, as Operating Advisorof the National Warehouse & Distribution Portfolio Mortgage Loan

33.47      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the National Warehouse & Distribution Portfolio MortgageLoan

33.48      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Green Acres Mortgage Loan (seeExhibit 33.1)

33.49      3650 REIT Loan Servicing LLC, as Special Servicerof the Green Acres Mortgage Loan

33.50      Computershare Trust Company, National Association, as Trustee of the GreenAcres Mortgage Loan (Omitted. See Explanatory Notes.) 

33.51      Computershare Trust Company, National Association,as Custodian of the Green Acres Mortgage Loan (see Exhibit 33.4)

33.52      BellOak, LLC, as Operating Advisor of the GreenAcres Mortgage Loan

33.53      Wells Fargo Bank, National Association, as PrimaryServicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.42)

33.54      Argentic Services Company LP, as Special Servicerof the 100 Jefferson Road Mortgage Loan (see Exhibit 33.7)

33.55      Computershare Trust Company, National Association, as Trustee of the 100Jefferson Road Mortgage Loan (Omitted. See Explanatory Notes.)

33.56      Computershare Trust Company, National Association,as Custodian of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.4)

33.57      Pentalpha Surveillance LLC, as Operating Advisorof the 100 Jefferson Road Mortgage Loan (see Exhibit 33.46)

33.58      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.47)

33.59      Wells Fargo Bank, National Association, as PrimaryServicer of the 1201 Third Avenue Mortgage Loan (see Exhibit 33.42)

33.60      LNR Partners, LLC, as Special Servicer of the 1201Third Avenue Mortgage Loan (see Exhibit 33.2)

33.61      Wilmington Trust, National Association, as Trustee of the 1201 Third AvenueMortgage Loan (Omitted. See Explanatory Notes.)

33.62      Computershare Trust Company, National Association,as Custodian of the 1201 Third Avenue Mortgage Loan (see Exhibit 33.4)

33.63      Park Bridge Lender Services LLC, as OperatingAdvisor of the 1201 Third Avenue Mortgage Loan (see Exhibit 33.5)

33.64      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 1201 Third Avenue Mortgage Loan (see Exhibit 33.47)

33.65      Wells Fargo Bank, National Association, as PrimaryServicer of the CX - 250 Water Street Mortgage Loan (see Exhibit 33.42)

33.66      Argentic Services Company LP, as Special Servicerof the CX - 250 Water Street Mortgage Loan (see Exhibit 33.7)

33.67      Computershare Trust Company, National Association, as Trustee of the CX - 250Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

33.68      Computershare Trust Company, National Association,as Custodian of the CX - 250 Water Street Mortgage Loan (see Exhibit 33.4)

33.69      BellOak, LLC, as Operating Advisor of the CX - 250Water Street Mortgage Loan (see Exhibit 33.52)

33.70      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the CX - 250 Water Street Mortgage Loan (see Exhibit 33.47)

34           Attestationreports on assessment of compliance with servicing criteria for asset-backedsecurities.

34.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

34.2        LNR Partners, LLC, as Special Servicer

34.3        Computershare Trust Company, National Association,as Trustee and Certificate Administrator

34.4        Computershare Trust Company, National Association,as Custodian

34.5        Park Bridge Lender Services LLC, as OperatingAdvisor

34.6        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Pacific Design Center MortgageLoan (see Exhibit 34.1)

34.7        Argentic Services Company LP, as Special Servicerof the Pacific Design Center Mortgage Loan

34.8        Computershare Trust Company, National Association, as Trustee of the PacificDesign Center Mortgage Loan (Omitted. See Explanatory Notes.)

34.9        Computershare Trust Company, National Association, asCustodian of the Pacific Design Center Mortgage Loan (see Exhibit 34.4)

34.10      Park Bridge Lender Services LLC, as OperatingAdvisor of the Pacific Design Center Mortgage Loan (see Exhibit 34.5)

34.11      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan (see Exhibit 34.1)

34.12      LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 34.2)

34.13      Computershare Trust Company, National Association, as Trustee of the GreatLakes Crossing Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

34.14      Computershare Trust Company, National Association,as Custodian of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit34.4)

34.15      Park Bridge Lender Services LLC, as OperatingAdvisor of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit 34.5)

34.16      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Riverport Tower Mortgage Loan(see Exhibit 34.1)

34.17      LNR Partners, LLC, as Special Servicer of theRiverport Tower Mortgage Loan (see Exhibit 34.2)

34.18      Computershare Trust Company, National Association, as Trustee of the RiverportTower Mortgage Loan (Omitted. See Explanatory Notes.) 

34.19      Computershare Trust Company, National Association,as Custodian of the Riverport Tower Mortgage Loan (see Exhibit 34.4)

34.20      Park Bridge Lender Services LLC, as OperatingAdvisor of the Riverport Tower Mortgage Loan (see Exhibit 34.5)

34.21      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the One Campus Martius MortgageLoan (see Exhibit 34.1)

34.22      Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Special Servicer of the One Campus Martius Mortgage Loan priorto May 2, 2023 (see Exhibit 34.1)

34.23      K-Star Asset Management LLC, as Special Servicer of the One Campus MartiusMortgage Loan on and after May 2, 2023 (Omitted. See Explanatory Notes.)

34.24      Wilmington Trust, National Association, as Trustee of the One Campus MartiusMortgage Loan (Omitted. See Explanatory Notes.)

34.25      Computershare Trust Company, National Association,as Custodian of the One Campus Martius Mortgage Loan (see Exhibit 34.4)

34.26      Park Bridge Lender Services LLC, as OperatingAdvisor of the One Campus Martius Mortgage Loan (see Exhibit 34.5)

34.27      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Sentinel Square II MortgageLoan (see Exhibit 34.1)

34.28      Greystone Servicing Company LLC, as Special Servicer of the Sentinel Square IIMortgage Loan (Omitted. See Explanatory Notes.)

34.29      Computershare Trust Company, National Association, as Trustee of the SentinelSquare II Mortgage Loan (Omitted. See Explanatory Notes.)

34.30      Computershare Trust Company, National Association,as Custodian of the Sentinel Square II Mortgage Loan (see Exhibit 34.4)

34.31      Park Bridge Lender Services LLC, as OperatingAdvisor of the Sentinel Square II Mortgage Loan (see Exhibit 34.5)

34.32      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Centers of High Point MortgageLoan (see Exhibit 34.1)

34.33      Greystone Servicing Company LLC, as Special Servicer of the Centers of HighPoint Mortgage Loan (Omitted. See Explanatory Notes.)

34.34      Computershare Trust Company, National Association, as Trustee of the Centers ofHigh Point Mortgage Loan (Omitted. See Explanatory Notes.) 

34.35      Computershare Trust Company, National Association,as Custodian of the Centers of High Point Mortgage Loan (see Exhibit 34.4)

34.36      Park Bridge Lender Services LLC, as OperatingAdvisor of the Centers of High Point Mortgage Loan (see Exhibit 34.5)

34.37      Berkadia Commercial Mortgage LLC, as PrimaryServicer of the Scottsdale Fashion Square Mortgage Loan

34.38      KeyBank National Association, as Special Servicerof the Scottsdale Fashion Square Mortgage Loan

34.39      Wilmington Trust, National Association, as Trustee of the Scottsdale FashionSquare Mortgage Loan (Omitted. See Explanatory Notes.)

34.40      Computershare Trust Company, National Association,as Custodian of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 34.4)

34.41      Park Bridge Lender Services LLC, as OperatingAdvisor of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 34.5)

34.42      Wells Fargo Bank, National Association, as PrimaryServicer of the National Warehouse & Distribution Portfolio Mortgage Loan

34.43      CWCapital Asset Management LLC, as SpecialServicer of the National Warehouse & Distribution Portfolio Mortgage Loan

34.44      Computershare Trust Company, National Association, as Trustee of the NationalWarehouse & Distribution Portfolio Mortgage Loan (Omitted. See ExplanatoryNotes.) 

34.45      Computershare Trust Company, National Association,as Custodian of the National Warehouse & Distribution Portfolio MortgageLoan (see Exhibit 34.4)

34.46      Pentalpha Surveillance LLC, as Operating Advisorof the National Warehouse & Distribution Portfolio Mortgage Loan

34.47      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the National Warehouse & Distribution Portfolio MortgageLoan

34.48      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Green Acres Mortgage Loan (seeExhibit 34.1)

34.49      3650 REIT Loan Servicing LLC, as Special Servicerof the Green Acres Mortgage Loan

34.50      Computershare Trust Company, National Association, as Trustee of the GreenAcres Mortgage Loan (Omitted. See Explanatory Notes.) 

34.51      Computershare Trust Company, National Association,as Custodian of the Green Acres Mortgage Loan (see Exhibit 34.4)

34.52      BellOak, LLC, as Operating Advisor of the GreenAcres Mortgage Loan

34.53      Wells Fargo Bank, National Association, as PrimaryServicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.42)

34.54      Argentic Services Company LP, as Special Servicerof the 100 Jefferson Road Mortgage Loan (see Exhibit 34.7)

34.55      Computershare Trust Company, National Association, as Trustee of the 100Jefferson Road Mortgage Loan (Omitted. See Explanatory Notes.)

34.56      Computershare Trust Company, National Association,as Custodian of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.4)

34.57      Pentalpha Surveillance LLC, as Operating Advisorof the 100 Jefferson Road Mortgage Loan (see Exhibit 34.46)

34.58      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.47)

34.59      Wells Fargo Bank, National Association, as PrimaryServicer of the 1201 Third Avenue Mortgage Loan (see Exhibit 34.42)

34.60      LNR Partners, LLC, as Special Servicer of the 1201Third Avenue Mortgage Loan (see Exhibit 34.2)

34.61      Wilmington Trust, National Association, as Trustee of the 1201 Third AvenueMortgage Loan (Omitted. See Explanatory Notes.)

34.62      Computershare Trust Company, National Association,as Custodian of the 1201 Third Avenue Mortgage Loan (see Exhibit 34.4)

34.63      Park Bridge Lender Services LLC, as OperatingAdvisor of the 1201 Third Avenue Mortgage Loan (see Exhibit 34.5)

34.64      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 1201 Third Avenue Mortgage Loan (see Exhibit 34.47)

34.65      Wells Fargo Bank, National Association, as PrimaryServicer of the CX - 250 Water Street Mortgage Loan (see Exhibit 34.42)

34.66      Argentic Services Company LP, as Special Servicerof the CX - 250 Water Street Mortgage Loan (see Exhibit 34.7)

34.67      Computershare Trust Company, National Association, as Trustee of the CX - 250Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

34.68      Computershare Trust Company, National Association,as Custodian of the CX - 250 Water Street Mortgage Loan (see Exhibit 34.4)

34.69      BellOak, LLC, as Operating Advisor of the CX - 250Water Street Mortgage Loan (see Exhibit 34.52)

34.70      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the CX - 250 Water Street Mortgage Loan (see Exhibit 34.47)

35           Servicer compliance statements.

35.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

35.2        LNR Partners, LLC, as Special Servicer

35.3        Computershare Trust Company, National Association,as Certificate Administrator

35.4        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Pacific Design Center MortgageLoan (see Exhibit 35.1)

35.5        Argentic Services Company LP, as Special Servicerof the Pacific Design Center Mortgage Loan

35.6        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan (see Exhibit 35.1)

35.7        LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 35.2)

35.8        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Riverport Tower Mortgage Loan(see Exhibit 35.1)

35.9        LNR Partners, LLC, as Special Servicer of theRiverport Tower Mortgage Loan (see Exhibit 35.2)

35.10      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the One Campus Martius MortgageLoan (see Exhibit 35.1)

35.11      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the One Campus Martius MortgageLoan prior to May 2, 2023 (see Exhibit 35.1)

35.12      K-Star Asset Management LLC, as Special Servicer of the One Campus Martius MortgageLoan on and after May 2, 2023 (Omitted. See Explanatory Notes.)

35.13      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Sentinel Square II MortgageLoan (see Exhibit 35.1)

35.14      Greystone Servicing Company LLC, as Special Servicer of the Sentinel Square IIMortgage Loan (Omitted. See Explanatory Notes.)

35.15      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Centers of High Point MortgageLoan (see Exhibit 35.1)

35.16      Greystone Servicing Company LLC, as Special Servicer of the Centers of HighPoint Mortgage Loan (Omitted. See Explanatory Notes.)

35.17      Berkadia Commercial Mortgage LLC, as Primary Servicer of the Scottsdale FashionSquare Mortgage Loan (Omitted. See Explanatory Notes.)  

35.18      KeyBank National Association, as Special Servicer of the Scottsdale FashionSquare Mortgage Loan (Omitted. See Explanatory Notes.)

35.19      Wells Fargo Bank, National Association, as PrimaryServicer of the National Warehouse & Distribution Portfolio Mortgage Loan

35.20      CWCapital Asset Management LLC, as Special Servicer of the National Warehouse& Distribution Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

35.21      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Green Acres Mortgage Loan (seeExhibit 35.1)

35.22      3650 REIT Loan Servicing LLC, as Special Servicer of the Green Acres MortgageLoan (Omitted. See Explanatory Notes.)

35.23      Wells Fargo Bank, National Association, as PrimaryServicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 35.19)

35.24      Argentic Services Company LP, as Special Servicerof the 100 Jefferson Road Mortgage Loan (see Exhibit 35.5)

35.25      Wells Fargo Bank, National Association, as PrimaryServicer of the 1201 Third Avenue Mortgage Loan (see Exhibit 35.19)

35.26      LNR Partners, LLC, as Special Servicer of the 1201Third Avenue Mortgage Loan (see Exhibit 35.2)

35.27      Wells Fargo Bank, National Association, as PrimaryServicer of the CX - 250 Water Street Mortgage Loan (see Exhibit 35.19)

35.28       Argentic Services Company LP, as Special Servicer ofthe CX - 250 Water Street Mortgage Loan (see Exhibit 35.5)

99.1        MortgageLoan Purchase Agreement, dated April 5, 2023, between German American CapitalCorporation and Deutsche Mortgage & Asset Receiving Corporation (filed asExhibit 99.1 to the registrant’s Current Report on Form 8-K filed on April 21,2023 under Commission File No. 333-260277-04 and incorporated by referenceherein).

99.2        MortgageLoan Purchase Agreement, dated April 5, 2023, between Goldman Sachs MortgageCompany and Deutsche Mortgage & Asset Receiving Corporation (filed asExhibit 99.2 to the registrant’s Current Report on Form 8-K filed on April 21,2023 under Commission File No. 333-260277-04 and incorporated by referenceherein).

99.3        MortgageLoan Purchase Agreement, dated April 5, 2023, between JPMorgan Chase Bank,National Association, and Deutsche Mortgage & Asset Receiving Corporation(filed as Exhibit 99.3 to the registrant’s Current Report on Form 8-K filed onApril 21, 2023 under Commission File No. 333-260277-04 and incorporated by referenceherein).

99.4        MortgageLoan Purchase Agreement, dated April 5, 2023, between Citi Real Estate FundingInc. and Deutsche Mortgage & Asset Receiving Corporation (filed as Exhibit99.4 to the registrant’s Current Report on Form 8-K filed on April 21, 2023under Commission File No. 333-260277-04 and incorporated by reference herein).

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

(c)    Not Applicable.

 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized.

Deutsche Mortgage & AssetReceiving Corporation(Depositor)

/s/ HelaineM. Kaplan

Helaine M.Kaplan, President

(senior officer in charge of securitizationof the depositor)

Date: March 14, 2024

/s/ MattSmith

Matt Smith, Director

Date: March 14, 2024