Reportof Independent Registered Public Accounting Firm

 

TheBoard of Directors and Shareholder

KeyBankNational Association

 

Wehave examined management’s assertion, included in the Management’s Assertionon Compliance with Regulation AB Servicing Criteria, that KeyBank NationalAssociation, 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 AB for thecommercial real estate mortgage loans platform, as of and for the year endedDecember 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 theCompany has determined are not applicable to the activities performed by themwith respect to the servicing platform covered by this report as noted inAppendix B. See Appendix A 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.

 

Ourexamination was conducted in accordance with attestation standards establishedby the American Institute of Certified Public Accountants, as adopted by thePublic Company Accounting Oversight Board (United States) and, accordingly,included examining, on a test basis, evidence about the Company’scompliance with the applicable servicing criteria and performing such otherprocedures as we considered necessary in the circumstances. Our examinationincluded testing of less than all of the individual asset backed transactionsand securities that comprise the Platform, testing of less than all of theservicing activities related to the Platform and determining whether theCompany processed those selected transactions and performed those selectedactivities in compliance with the servicing criteria and as permitted byRegulation AB Compliance and Disclosure Interpretations of the Division ofCorporation Finance, Section 200.06, “Vendors Engaged by Servicers”(C&DI 200.06). Furthermore, our procedures were limited to the selectedtransactions and servicing activities performed by the Company during theperiod covered by this report. Our procedures were not designed to determinewhether errors may have occurred either prior to or subsequent to our teststhat may have affected the balances or amounts calculated or reported by theCompany during the period covered by this report for the selected transactionsor any other transactions. Although the Company is responsible for assessingcompliance with Item 1122(d)(1)(iii) of Regulation AB, there were no servicingactivates performed by the Company during the year ended December 31, 2016that required this servicing criteria. We believe that our examination providesa reasonable basis for our opinion. Our examination does not provide a legaldetermination on the Company’s compliance with the servicing criteria.

 

Asdescribed in management’s assertion, for servicing criteria 1122(d)(4)(xi), the Company has engaged a vendor to perform the activities requiredby this servicing criteria. The Company has determined that this vendor is notconsidered a “servicer” as defined in Item 1101(j) of RegulationAB, and the Company has elected to take responsibility for assessing compliancewith the applicable servicing criteria applicable to the vendor as permitted byC&DI 200.06. As permitted by C&DI 200.06, the Company has asserted thatit has policies and procedures in place designed to provide reasonableassurance that the vendors’ activities comply in all material respectswith the servicing criteria applicable to the vendor. The Company is solelyresponsible 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.

 

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

 

 

/s/Ernst & Young LLP

 

Cleveland,Ohio

February24, 2017