Report of Independent Registered Public
Accounting Firm



Regulation AB Item 1122 Special Servicing
Platform





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Board of Directors and Shareholders

Situs Holdings, LLC



We have examined management’s assertion,
included in the accompanying Certification Regarding Compliance with Applicable Servicing Criteria (“Management’s Report”),
that Situs Holdings, LLC, (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the U.S.
Securities and Exchange Commission’s Regulation AB for the Special Servicing Platform (the “Platform”) as of
December 31, 2014 and for the period January 1, 2014 through December 31, 2014, excluding criteria 1122(d)(1)(iii), 1122(d)(3)(i
– iv), 1122(d)(4)(iv-v), 1122(d)(4)(ix – xiii), and 1122(d)(4)(xv), which management has determined are not applicable
to the activities performed by the Company with respect to the Platform. The Platform consists of the asset-backed transactions
and securities for which the Company acted as servicer as defined by management in Management’s Report. Management is responsible
for the Company’s compliance with the applicable servicing criteria. Our responsibility is to express an opinion on the Company’s
compliance with the applicable servicing criteria for the Platform based on our examination.



Our examination was conducted in accordance
with the standards of 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 for the Platform and performing
such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions
and securities constituting the Platform and evaluating whether the Company performed servicing activities related to those transactions
and securities in compliance with the applicable servicing criteria for the period covered by this report. Accordingly, our testing
may not have included servicing activities related to each asset-backed transaction or security constituting the Platform. Further,
our examination was not designed to detect material noncompliance that may have occurred prior to the period covered by this report
and that may have affected the Company’s servicing activities during the period covered by this report. We believe that our
examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s
compliance with the applicable servicing criteria.





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As described in Management’s
Report, the Company engaged various vendors to perform servicing activities with respect to criteria 1122(d)(2)(vii). The Company
determined that each vendor is not considered a “servicer,” as that term is defined in Item 1101(j) of Regulation AB,
and therefore, the Company is assuming responsibility for compliance with such servicing criteria applicable to each vendor’s
servicing activities. In accordance with Regulation AB and its related interpretations, the requirement for management to assess
compliance with the servicing criteria applicable to a vendor’s activities is satisfied if the Company has instituted policies
and procedures to monitor whether such vendor’s activities comply in all material respects with such criteria. Compliance
with the applicable servicing criteria is achieved if those policies and procedures are designed to provide reasonable assurance
that such vendor’s activities comply with such criteria and those policies and procedures are operating effectively for the
period covered by Management’s Report. Our examination does not provide a legal determination of whether a vendor is or is
not considered a servicer, and therefore, on whether the Company, in its Management Report, is eligible to elect to take responsibility
for assessing compliance with the servicing criteria applicable to each vendor’s servicing activities.

In our opinion, management’s assertion
that Situs Holdings, LLC complied with the aforementioned applicable servicing criteria as of December 31, 2014 and for the period
January 1, 2014 through December 31, 2014 for the Special Servicing Platform is fairly stated, in all material respects.









Dallas, Texas

February 27, 2015









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        U.S. member firm of Grant Thornton International Ltd
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