Reportof Independent Registered Public Accounting Firm

 

TheBoard of Directors and Shareholder 

KeyBankNational Association

 

Wehave examined management’s assertion, included in the Management’s Assertion on Compliance with Regulation AB ServicingCriteria, that KeyBank National Association, as successor by merger to KeyCorp Real Estate Capital Markets, Inc., (the Company)complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s Regulation ABfor the commercial real estate mortgage loans platform, as of and for the year ended December 31, 2016, except for 1122 (d)(3)(i)(B),1122 (d)(3)(i)(C), 1122 (d)(3)(i)(D), 1122 (d)(3)(ii), 1122 (d)(3)(iii) and 1122 (d)(3)(iv), which the Company has determinedare not applicable to the activities performed by them with respect to the servicing platform covered by this report as notedin Appendix B. See Appendix A for the asset backed transactions covered by this platform. Management is responsible for the Company’scompliance with those servicing criteria. Our responsibility is to express an opinion on management’s assertion about theCompany’s compliance with the servicing criteria based on our examination.

 

Ourexamination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants,as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis,evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as weconsidered necessary in the circumstances. Our examination included testing of less than all of the individual asset backed transactionsand securities that comprise the Platform, testing of less than all of the servicing activities related to the Platform and determiningwhether the Company processed those selected transactions and performed those selected activities in compliance with the servicingcriteria and as permitted by Regulation AB Compliance and Disclosure Interpretations of the Division of Corporation Finance, Section200.06, “Vendors Engaged by Servicers” (C&DI 200.06). Furthermore, our procedures were limited to the selectedtransactions and servicing activities performed by the Company during the period covered by this report. Our procedures were notdesigned to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balancesor amounts calculated or reported by the Company during the period covered by this report for the selected transactions or anyother transactions. Although the Company is responsible for assessing compliance with Item 1122(d)(1)(iii) of Regulation AB, therewere no servicing activates performed by the Company during the year ended December 31, 2016 that required this servicingcriteria. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legaldetermination on the Company’s compliance with the servicing criteria.

 

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Asdescribed in management’s assertion, for servicing criteria 1122 (d)(4)(xi), the Company has engaged a vendor to performthe activities required by this servicing criteria. The Company has determined that this vendor is not considered a “servicer”as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance withthe applicable servicing criteria applicable to the vendor as permitted by C&DI 200.06. As permitted by C&DI 200.06, theCompany has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors’activities comply in all material respects with the servicing criteria applicable to the vendor. The Company is solely responsiblefor determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria as describedin its assertion, and we performed no procedures with respect to the Company’s eligibility to apply C&DI 200.06.

 

Inour opinion, management’s assertion that the Company complied with the aforementioned servicing criteria, including servicingcriteria 1122 (d)(4)(xi) for which compliance is determined based on C&DI 200.06 as described above, as of and for the endedDecember 31, 2016 for the commercial real estate mortgage loans platform is fairly stated, in all material respects.

 

/s/ Ernst & Young LLP

 

Cleveland,Ohio 

February24, 2017

 

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