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**Report of IndependentRegistered Public Accounting Firm**

 

To the Board of Directors 

Principal Global Investors

 

We have examined management'sassertion, included in the accompanying Management's Assessment on ComplianceWith Regulation AB Criteria, that Principal Global Investors, LLC (the Company)complied with the servicing criteria set forth in Item 1122 (d) of theSecurities and Exchange Commission’s Regulation AB for the commercialmortgage backed securities platform as of and for the year end December 31,2016, except for 1122 (d)(1)(ii)-(iii), 1122 (d)(3)(i)-(iv), 1122(d)(4)(ix),and 1122(d)(4)(xv), which the Company has determined are not applicable to theactivities performed by them with respect to the servicing platform covered bythis report. See Attachment A of Management's Assessment on Compliance WithRegulation AB Criteria for the asset backed transactions covered by thisplatform. Management is responsible for the Company’s compliance withthose servicing criteria. Our responsibility is to express an opinion onmanagement’s assertion about the Company’s compliance with theservicing criteria based on our examination.

 

Our examination was conductedin accordance with attestation standards established by the American Instituteof Certified Public Accountants, as adopted by the Public Company AccountingOversight Board (United States) and, accordingly, included examining, on a testbasis, evidence about the Company’s compliance with the applicableservicing criteria and performing such other procedures as we considerednecessary in the circumstances. Our examination included testing of less thanall of the individual asset backed transactions and securities that comprisethe platform, testing of less than all of the servicing activities related tothe Platform and determining whether the Company processed those selectedtransactions and performed those selected activities in compliance with theservicing criteria and as permitted by Regulation AB Compliance and DisclosureInterpretations of the Division of Corporation Finance, Section 200.06,“Vendors Engaged by Servicers” (C&DI 200.06). Furthermore, our procedureswere limited to the selected transactions and servicing activities performed bythe Company during the period covered by this report. Our procedures were notdesigned to determine whether errors may have occurred either prior to orsubsequent to our tests that may have affected the balances or amountscalculated or reported by the Company during the period covered by this reportfor the selected transactions or any other transactions. We believe that ourexamination provides a reasonable basis for our opinion. Our examination doesnot provide a legal determination on the Company’s compliance with theservicing criteria.

 

As described inmanagement’s assertion, for servicing criteria 1122 (d)(1)(i) and 1122(d)(4)(i), the Company has engaged various vendors to perform the activitiesrequired by these servicing criteria. The Company has determined that thesevendors are not considered a “servicer” as defined in Item 1101(j)of Regulation AB, and the Company has elected to take responsibility for assessingcompliance with the applicable servicing criteria applicable to each vendor aspermitted by C&DI 200.06. As permitted by C&DI 200.06, the Company hasasserted that it has policies and procedures in place designed to providereasonable assurance that the vendors’ activities comply in all materialrespects with servicing criteria applicable to each vendor. The Company issolely responsible for determining that it meets the SEC requirements to applyC&DI 200.06 for the vendors and related criteria as described in itsassertion, and we performed no procedures with respect to the Company’seligibility to apply C&DI 200.06.

 

In our opinion,management’s assertion that the Company complied with the aforementionedservicing criteria, including servicing criteria 1122 (d)(1)(i) and 1122(d)(4)(i) for which compliance is determined based on C&DI 200.06 asdescribed above, as of and for the year ended December 31, 2016, for thecommercial mortgage backed securities platform is fairly stated, in all materialrespects.

 

 

/s/ Ernst & Young LLP

February 17, 2017

 

 

A member firm of Ernst &Young Global Limited