# EDGAR Filing Document

**Accession Number:** 0001560456
**File Stem:** 0001853620-23-000085
**Filing Date:** 2023-3
**Character Count:** 36045
**Document Hash:** 46fdf7ace2b2019a1602eb65f5a12b3f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000085.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001853620-23-000085

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230310

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GS Mortgage Securities Trust 2012-GCJ9
- **CENTRAL INDEX KEY:** 0001560456
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-171508-04
- **FILM NUMBER:** 23752714

**BUSINESS ADDRESS:**
- **STREET 1:** 85 BROAD ST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** 85 BROAD ST
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

---

| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

**FORM 10-D**

---

| |
|:---|
| **ASSET-BACKED ISSUER** |
| **DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |
| **THE SECURITIES EXCHANGE ACT OF 1934** |

---

For the monthly distribution period from <br> February 11, 2023 to March 10, 2023

Commission File Number of Issuing entity: <u>333-171508-04</u>

Central Index Key Number of issuing entity: <u>0001560456</u>

<u>GS Mortgage Securities Trust 2012-GCJ9</u> <br> (Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: <u>333-171508</u>

Central Index Key Number of depositor: <u>0001004158</u>

<u>GS Mortgage Securities Corporation II</u> <br> (Exact name of depositor as specified in its charter)

---

| | |
|:---|:---|
| Central Index Key Number of sponsor: | <u>0001555524</u> |
|  | <u>0001541502</u> |
|  | <u>0001541001</u> |
|  | <u>0001682511</u> |

---

---

| |
|:---|
| LoanCore Capital Markets LLC |
| (formerly known as Jefferies LoanCore LLC) |
| Goldman Sachs Mortgage Company |
| Citigroup Global Markets Realty Corp. |
| Starwood Mortgage Funding I LLC |
| (formerly known as Archetype Mortgage Funding I LLC) |
| (Exact name of sponsor(s) as specified in its charters) |

---

<u>Scott Epperson (212) 934-2882</u> <br> (Name and telephone number, including area code, of the person to contact in connection with this filing)

<u>New York</u> <br> (State or other jurisdiction of incorporation or organization of the issuing entity)

<u>46-1483808</u> <br> <u>46-1493598</u> <br> (I.R.S. Employer Identification No.)

---

| |
|:---|
| c/o U.S. Bank Trust Company, National Association |
| 190 S. LaSalle Street |
| <u>Chicago, IL</u> |
| (Address of principal executive offices of issuing entity) |

---

<u>60603</u> <br> (Zip Code)

<u>(312) 332-7530</u> <br> (Telephone number, including area code)

Not Applicable <br> (Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | | Name of exchange |
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) |
| A-1 | ☐ | ☐ | ☒ | _______ |
| A-2 | ☐ | ☐ | ☒ | _______ |
| A-3 | ☐ | ☐ | ☒ | _______ |
| A-AB | ☐ | ☐ | ☒ | _______ |
| X-A | ☐ | ☐ | ☒ | _______ |
| A-S | ☐ | ☐ | ☒ | _______ |

---

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days? Yes ☒ No ☐

---

| |
|:---|
| **PART I - DISTRIBUTION INFORMATION** |
| **Item 1. Distribution and Pool Performance Information.** |
| On March 10, 2023 a distribution was made to holders of the certificates issued by GS Mortgage Securities Trust 2012-GCJ9. The distribution report is attached as an Exhibit to this Form 10-D, please see item 9(b), Exhibit 99.1 for the related information. |

---

No assets securitized by GS Mortgage Securities Corporation II (The "Depositor") and held by GS Mortgage Securities Trust 2012-GCJ9 were the subject of a demand to repurchase for breach of the representations and warranties contained in the underlying transaction documents during the distribution period from February 11, 2023 to March 10, 2023.

The Depositor has filed a Form ABS-15G on February 13, 2023. The CIK number of the Depositor is 0001004158. There is no new activity to report at this time.

Goldman Sachs Mortgage Company ("GSMC"), one of the sponsors, has filed a Form ABS-15G on February 13, 2023. The CIK number of GSMC is 0001541502. There is no new activity to report at this time.

Citigroup Global Markets Realty Corp. ("CGMRC"), one of the sponsors, has filed a Form ABS-15G on February 10, 2023. The CIK number of CGMRC is 0001541001. There is no new activity to report at this time.

Starwood Mortgage Funding I LLC (f/k/a Archetype Mortgage Funding I LLC), one of the sponsors, has filed a Form ABS-15G on January 27, 2023. The CIK number of Starwood Mortgage Funding I LLC is 0001682511. There is no new activity to report at this time.

LoanCore Capital Markets LLC (f/k/a Jefferies LoanCore LLC), one of the sponsors, has filed a Form ABS-15G on February 10, 2023. The CIK number of LoanCore Capital Markets LLC is 0001555524. There is no new activity to report at this time.

---

| |
|:---|
| **Item 1A. Asset-Level Information.** |
| Not applicable. |

---

---

| |
|:---|
| **Item 1B. Asset Representations Reviewer and Investor Communication.** |
| Not applicable. |

---

---

| |
|:---|
| **PART II - OTHER INFORMATION** |
| **Item 6. Significant Obligors of Pool Assets.** |
| The Bristol Plaza Mortgage Loan, which represented 10% or more of the pool assets held by the issing entity as of its cut-off date, is no longer a pool asset. |

---

---

| |
|:---|
| **Item 7. Change in Sponsor Interest in the Securities.** |
| None. |

---

---

| |
|:---|
| **Item 10. Exhibits.** |
| (a) The following is a list of documents filed as part of this Report on Form 10-D: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(99.1) [Monthly report distributed to holders of GS Mortgage Securities Trust 2012-GCJ9, relating to the March 10, 2023 distribution.](gsmsc2012gcj9.htm) |

---

(b) The exhibits required to be filed by the Registrant pursuant to this form are listed in the Exhibit Index that immediately follows on the signature page hereof.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 GS Mortgage Securities Corporation II <br> (Depositor)

---

| | |
|:---|:---|
| Date: March 22, 2023 | <u>/s/ Scott Epperson</u> |
|  | Name: Scott Epperson |
|  | Title: CEO |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **<u>Exhibit</u>** | **<u>Description</u>** |
| Exhibit 99.1 | [Monthly report distributed to holders of GS Mortgage Securities Trust 2012-GCJ9, relating to the March 10, 2023 distribution.](gsmsc2012gcj9.htm) |

---

## Exhibit 99.1

# **GS Mortgage Securities Corporation Trust,**
**Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **DATES**

| Payment Date: | Mar 10, 2023 | First Payment Date: | Dec 12, 2012 |
| --- | --- | --- | --- |
| Prior Payment: | Feb 10, 2023 | Closing Date: | Nov 29, 2012 |
| Next Payment: | Apr 13, 2023 | Cut-off Date: | Nov 6, 2012 |
| Record Date: | Feb 28, 2023 | Final Distribution Date: | Nov 10, 2045 |
| Determination Date: | Mar 6, 2023 |  |  |

# **TABLE OF CONTENTS**

| Statements to Certificateholders | Page 1 |
| --- | --- |
| Historical Delinquency & Liquidation (Stated) | Page 11 |
| REO Status Report | Page 12 |
| REO Additional Detail | Page 13 |
| Historical Liquidation Loss Loan Detail | Page 14 |
| Bond/Collateral Realized Loss Reconciliation | Page 15 |
| Interest Adjustment Reconciliation | Page 17 |
| Appraisal Reduction Report | Page 18 |
| Loan Level Detail | Page 19 |
| Historical Loan Modification Report | Page 21 |
| Material Breaches and Document Defects | Page 22 |
| Mortgage Loan Characteristics | Page 23 |
| Delinquency Summary Report | Page 27 |
| Deceased Loan Detail | Page 28 |

# **ADMINISTRATOR**

Name: Edward Przybycien
Title: Account Administrator
Address: 190 S. LaSalle St. 7th Fl.
Chicago, IL 60603

Phone: 312-332-7535
Email: Edward.Prybycien@usbank.com
Website: https://pivot.usbank.com/

# **PARTIES TO THE TRANSACTION**

Mortgage Loan Seller: Archetype Mortgage Funding I LLC
Mortgage Loan Seller: Citigroup Global Markets Realty Corp.
Mortgage Loan Seller: Goldman Sachs Mortgage Company
Mortgage Loan Seller: Jeffries LoanCore LLC

Depositor: GS Mortgage Securities Corporation II

Trustee: U.S. Bank

Certificate Administrator: U.S. Bank

Master Services: Wells Fargo Bank, National Association

Special Services: Radio Capital Advisors, LLC

Operating Advisor: Pentalpha Surveillance LLC

Rating Agency: Fitch, Inc.

Rating Agency: Knoll Bond Rating Agency, Inc.

Rating Agency: Moody's Investors Service, Inc.

* This report contains, or is based on, information furnished to U.S. Bank Global Corporate Trust ("U.S. Bank") by one or more third parties (e.g. Servicers, Master Services, etc.), and U.S. Bank has not independently verified information received from any such third party.

# **GS Mortgage Securities Trust 2012-GCJ9**
**Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **PAYMENT DETAIL**

| Class | Pass-Through Rate | Original Balance | Beginning Balance | Principal Distribution | Interest Distribution | Total Distribution | Realized Loss | Ending Balance |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A-1 | 0.66200% | 72,318,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-2 | 1.76200% | 202,504,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-3 | 2.77300% | 607,410,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-AB | 2.36800% | 90,017,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| X-A | 1.52132% | 1,083,364,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| X-B | 0.00000% | 305,564,224.00 | 129,116,033.73 | 0.00 | 0.00 | 0.00 | 0.00 | 128,911,672.39 |
| A-S | 3.12400% | 111,115,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B | 3.74700% | 90,280,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| C | 4.44800% | 57,293,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| D | 4.64532% | 57,293,000.00 | 50,533,453.99 | 204,361.34 | 195,620.22 | 399,981.56 | 0.00 | 50,329,092.65 |
| E | 4.64532% | 27,779,000.00 | 27,779,000.00 | 0.00 | 107,535.38 | 107,535.38 | 0.00 | 27,779,000.00 |
| F | 4.64532% | 22,570,000.00 | 22,570,000.00 | 0.00 | 87,370.80 | 87,370.80 | 0.00 | 22,570,000.00 |
| G | 4.64532% | 50,349,224.00 | 28,233,579.74 | 0.00 | 85,502.59 | 85,502.59 | 0.00 | 28,233,579.74 |
| R | 0.00000% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |

Totals:

1,388,928,224.00

129,116,033.73

204,361.34

476,029.00

680,390.34

0.00

128,911,672.39

Page 1 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**
**Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **FACTOR DETAIL**

| Class | CUSIP | Beginning Balance | Principal Distribution | Interest Distribution | Total Distribution | Realized Loss | Ending Balance |
| --- | --- | --- | --- | --- | --- | --- | --- |
| A-1 | 36192PAC0 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| A-2 | 36192PAF3 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| A-3 | 36192PAJ5 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| A-AB | 36192PAM8 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| X-A | 36192PAQ9 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| X-B | 36192PAA4 | 0.42254958 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.42188078 |
| A-S | 36192PAT3 | 0.00000000 | 0.00000000 | (0.00000000) | 0.00000000 | (0.00000000) | 0.00000000 |
| B | 36192PAD8 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| C | 36192PAG1 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
| D | 36192PAK2 | 0.88201794 | 3.56695129 | 3.41438259 | 6.98133387 | 0.00000000 | 0.87845099 |
| E | 36192PAN6 | 1.00000000 | 0.00000000 | 3.87110332 | 3.87110332 | 0.00000000 | 1.00000000 |
| F | 36192PAR7 | 1.00000000 | 0.00000000 | 3.87110332 | 3.87110332 | 0.00000000 | 1.00000000 |
| G | 36192PAU0 | 0.56075501 | 0.00000000 | 1.69819091 | 1.69819091 | 0.00000000 | 0.56075501 |
| R | 36192PAW6 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |

Page 2 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**
**Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **PRINCIPAL DETAIL**

| Class | Beginning Balance | Scheduled Principal | Unscheduled Principal | Realized Loss | Ending Balance | Cumulative Loss |
| --- | --- | --- | --- | --- | --- | --- |
| A-1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-AB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| C | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| D | 50,533,453.99 | 204,361.34 | 0.00 | 0.00 | 50,329,092.65 | 0.00 |
| E | 27,779,000.00 | 0.00 | 0.00 | 0.00 | 27,779,000.00 | 0.00 |
| F | 22,570,000.00 | 0.00 | 0.00 | 0.00 | 22,570,000.00 | 0.00 |
| G | 28,233,579.74 | 0.00 | 0.00 | 0.00 | 28,233,579.74 | 25,125,798.55 |

Totals: 129,116,033.73 204,361.34 0.00 0.00 128,911,672.39 25,125,798.55

Page 3 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**  
 **Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **INTEREST DETAIL**

| Class | Accrued Certificate Interest | Net Prepay Interest Shortfall | Interest Adjustment | Current Interest Shortfall | Yield Maintenance Charges | Total Interest Distribution Amount | Cumulative Interest Shortfall |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | A-1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| A-3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| A-AB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| X-A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| X-B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| A-S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| C | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |
| D | 195,620.22 | 0.00 | 0.00 | 0.00 | 0.00 | 195,620.22 | 0.00 |  |
| E | 107,535.38 | 0.00 | 0.00 | 0.00 | 0.00 | 107,535.38 | 0.00 |  |
| F | 87,370.80 | 0.00 | 0.00 | 0.00 | 0.00 | 87,370.80 | 0.00 |  |
| G | 109,295.10 | 0.00 | 0.00 | 23,792.51 | 0.00 | 85,502.59 | 3,549,253.69 |  |
| R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |  |

Totals: 499,821.51 0.00 0.00 23,792.51 0.00 476,029.00 3,549,253.69

Page 4 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**  
 **Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **RECONCILIATION OF FUNDS**

# **Funds Collection**

# **Funds Distribution**

| Interest | Funds Collection | Fees | Funds Distribution |
| --- | --- | --- | --- |
| Scheduled Interest | 465,870.46 | Master Servicing Fee | 2,457.01 |
| Interest Adjustments | 3,555.16 | Special Servicing Fee | 0.00 |
| Deferred Interest | 0.00 | Trustee/Certificate Administrator Fee | 120.52 |
| Net Prepayment Shortfall | 0.00 | Operating Advisor Fee | 124.52 |
| Net Prepayment Interest Excess | 0.00 | Other/Miscellaneous Fee | 0.00 |
| Interest Reserve Deposit/Withdrawal | (36,653.11) | Fee Distributions | 2,702.05 |
| Interest Collections | 506,078.73 |  |  |

| Principal |  |  |  |
| --- | --- | --- | --- |
| Scheduled Principal | 204,361.34 |  |  |
| Unscheduled Principal | 0.00 | Other Expenses of the Trust |  |
| Principal Adjustments | 0.00 | Reimbursed for Interest on Advances | 0.00 |
| Principal Collections | 204,361.34 | Net ASER Amount | 12,812.90 |
|  |  | Non-Recoverable Advances | 0.00 |
|  |  | Other Expenses or Shortfalls | 14,534.77 |
|  |  | Other Expenses of the Trust | 27,347.67 |
| Other |  |  |  |
| Prepayment Premium | 0.00 | Payments to Certificateholders |  |
| Other Collections | 0.00 | Interest Distribution | 476,029.00 |
|  |  | Principal Distribution | 204,361.34 |
|  |  | Prepayment Premium | 0.00 |
|  |  | Available Distribution Amount | 680,390.34 |
| Total Collections | 710,440.07 | Total Distributions | 710,440.06 |

Page 5 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**
**Commercial Mortgage Pass Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **MISCELLANEOUS DETAIL**

| P&I Advances |  |  | Controlling Class: |  |
| --- | --- | --- | --- | --- |
|  | Current | Outstanding | G |  |
|  | Advance | Advance | Controlling Class Representative: |  |
| Principal | 0.00 | 1,316,168.73 | RREF CMBS AIV, LP |  |
| Interest | 0.00 | 7,002,422.78 |  |  |
| Total | 0.00 | 8,318,591.51 |  |  |
| Principal Distribution Amount | 204,361.34 |  | Mortgage Loan Stated Principal Balance |  |
| Aggregate Realized Losses during Related Collection Period | 0.00 |  | Beginning | 129,116,033.73 |
| Additional Trust Fund Expenses during Related Collection Period | 0.00 |  | Ending | 128,911,672.39 |
| Excess Liquidation Proceeds Reserve Account | 0.00 |  | % of Cut-Off Date Principal Balance | 9.28% |
| Disclosable Special Servicer Fees |  |  |  |  |
|  | Special Servicer/Affiliates |  |  |  |
| Commission | 0.00 |  |  |  |
| Brokerage Fee | 0.00 |  |  |  |
| Rebate | 0.00 |  |  |  |
| Other | 0.00 |  |  |  |
| Total | 0.00 |  |  |  |

Each Certificateholder and Beneficial Owner may access notices on the Certificate Administrator's Website and each Certificateholder and Beneficial Owner may register to receive email notifications which such notices are posted, provided that the Certificate Administrator shall be entitled to reimbursement from the requesting Certificateholders for the reasonable expenses of posting such notices.

Page 6 of 28

# **GS Mortgage Securities Trust 2012-GCJ9**
**Commercial Mortgage Pass Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **ADDITIONAL LOAN DETAIL**

Rule 15Ga-1

| Loan ID | Asset Name | Asset Originator | Ending Balance | Most Recent Appraisal | Repurchase/Replacement Status |
| --- | --- | --- | --- | --- | --- |

Form ABS-15G - Reference

Mortgage Loan Seller

Goldman Sachs Mortgage Company
Citigroup Global Markets Realty Corp.
Starwood Mortgage Funding I LLC
Jefferies LoanCore LLC

ABS-15G file Reference

2/13/2023
2/10/2023
1/27/2023
2/10/2023

SEC Central Index Key (if applicable)

1541502
1541001
1682511
1555524

Page 7 of 28

GS Mortgage Securities Trust 2012-GCJ9

Commercial Mortgage Pass Through Certificates, Series 2012-GCJ9

March 2023

Revision Date: Mar 21, 2023

ADDITIONAL LOAN DETAIL

P&I Advances With Respect To Each Serviced Whole Loan

Serviced Whole Outstanding
Loan P&I Advances

Stated Principal Balance With Respect To Each Whole Loan And
Percentage Of Cut-Off Principal Balance Outstanding

Whole Loan Beginning Stated Ending Stated % of Cut-Off Prin
Principal Balance Principal Balance Bal Remaining

Totals:

Totals:

Page 8 of 28

GS Mortgage Securities Trust 2012-GCJ9

Commercial Mortgage Pass Through Certificates, Series 2012-GCJ9

March 2023

Revision Date: Mar 21, 2023

# ADDITIONAL LOAN DETAIL

Specially Serviced Loans That Are Not Delinquent

Current But Not Specially Serviced Loans
(Foreclosure Proceedings Commenced)

Count

Balance

Count

Balance

Totals:

Totals:

Page 9 of 28

# GS Mortgage Securities Trust 2012-GCJ9

# Commercial Mortgage Pass Through Certificates, Series 2012-GCJ9

March 2023

Revision Date: Mar 21, 2023

# ADDITIONAL LOAN DETAIL

Mortgage Loans As To Which Related Mortgagor
Is Subject Or Is Expected To Be Subject To Bankruptcy Proceeding

Stated Principal

Count

Balance

Mortgage Loan Repurchased, Substituted For Or Otherwise
Liquidated Or Disposed During Related Collection Period

Loan ID

Amount of Any Portion Included
Liq Proceeds in Avail Funds

Totals:

Totals:

Page 10 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **HISTORICAL DELINQUENCY & LIQUIDATION SUMMARY (STATED BALANCE)**

| Month | 30 Days Delinq (1) |  |  | 60 Days Delinq (1) |  |  | 90+ Days Delinq (1) |  |  | Bankruptcy |  |  | Foreclosure |  |  | REO |  |  | Prepayments/Liquidation |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) | Count | Balance | % (2) |
| Mar 2023 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 64,279,206.83 | 49.9% | 1 | 6,962,540.53 | 5.4% | 0 | 0.00 | 0.0% |
| Feb 2023 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 64,464,533.23 | 49.9% | 1 | 6,981,575.47 | 5.4% | 0 | 0.00 | 0.0% |
| Jan 2023 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 64,626,326.10 | 50.0% | 1 | 6,997,691.60 | 5.4% | 1 | 21,114,425.89 | 16.3% |
| Dec 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 64,787,526.25 | 43.0% | 1 | 7,013,740.01 | 4.7% | 0 | 0.00 | 0.0% |
| Nov 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 64,955,812.10 | 43.1% | 1 | 7,030,673.92 | 4.7% | 6 | 159,558,819.56 | 105.8% |
| Oct 2022 | 2 | 61,221,256.71 | 19.7% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 65,115,805.18 | 21.0% | 1 | 7,046,583.75 | 2.3% | 6 | 97,215,241.25 | 31.3% |
| Sep 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,063,384.10 | 1.7% | 1 | 6,415,784.12 | 1.6% | 1 | 65,282,927.04 | 16.0% | 0 | 0.00 | 0.0% | 6 | 157,988,458.22 | 38.7% |
| Aug 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,079,156.49 | 1.2% | 1 | 6,430,066.27 | 1.1% | 1 | 65,441,721.74 | 11.5% | 0 | 0.00 | 0.0% | 12 | 172,369,178.39 | 30.4% |
| Jul 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,094,862.61 | 1.0% | 1 | 6,444,288.67 | 0.9% | 1 | 65,599,934.70 | 8.9% | 0 | 0.00 | 0.0% | 12 | 97,526,585.23 | 13.2% |
| Jun 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,111,466.62 | 0.8% | 0 | 0.00 | 0.0% | 1 | 65,765,339.98 | 7.8% | 0 | 0.00 | 0.0% | 11 | 71,290,662.15 | 8.5% |
| May 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,127,036.98 | 0.8% | 1 | 6,473,423.31 | 0.7% | 1 | 65,922,367.38 | 7.2% | 0 | 0.00 | 0.0% | 4 | 37,831,896.91 | 4.2% |
| Apr 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,143,510.15 | 0.8% | 1 | 6,488,339.98 | 0.7% | 1 | 66,086,629.40 | 7.0% | 0 | 0.00 | 0.0% | 1 | 47,985,165.89 | 5.0% |
| Mar 2022 | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 7,158,945.88 | 0.7% | 1 | 6,502,318.57 | 0.7% | 1 | 66,242,479.76 | 6.6% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% |
| Feb 2022 | 0 | 0.00 | 0.0% | 1 | 7,177,235.14 | 0.7% | 0 | 0.00 | 0.0% | 1 | 6,518,878.06 | 0.7% | 1 | 66,421,307.50 | 6.6% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% |
| Jan 2022 | 1 | 7,192,529.16 | 0.7% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% | 1 | 6,532,728.89 | 0.7% | 1 | 66,575,931.78 | 6.6% | 0 | 0.00 | 0.0% | 0 | 0.00 | 0.0% |

(1) Exclusive of loans in Bankruptcy, Foreclosure and REO

(2) Percentage in relation to Ending Scheduled Balance

Page 11 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

**March 2023**

Revision Date: Mar 21, 2023

# **REO STATUS REPORT**

| Loan ID | State | City | Property Type | Book Value | Ending Scheduled Loan | REO Date | Total Exposure | Appraisal Value | Appraisal Date | Date Asset Expected to be Resolved or Foreclosed | REO Revenue and Other Amounts | Type * |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 550100034 | IL | Schaumburg | Office | 8,600,000.00 | 6,962,540.53 | 08/31/2022 | 7,965,080.85 | 4,500,000.00 | 06/20/2022 | 05/31/2023 | 637,190.00 |  |
| 550100043 | NY | Latham | Lodging | 7,600,000.00 | 0.00 | 06/04/2019 | 0.00 | 0.00 |  |  | 0.00 | 3 |
| 550100068 | FL | Wildwood | Retail | 3,100,000.00 | 0.00 | 04/14/2016 | 0.00 | 0.00 |  |  | 0.00 | 3 |
| 695100074 | CT | New Britain | Office | 8,250,000.00 | 0.00 | 02/23/2016 | 0.00 | 0.00 |  |  | 0.00 | 3 |
| Count: | 4 | Totals: |  | 27,550,000.00 | 6,962,540.53 |  | 7,965,080.85 | 4,500,000.00 |  |  | 637,190.00 |  |

(*) Legend: (1) Partial Liabilities (1) Disposition / Liquidation, (4) Repurchase / Substitution, (5) Full Payoff / At Maturity, (6) DPO, (7) Liquidated, (8) Payoff w/ penalty, (9)

Payoff w/ yield Maintenance, (10) Curtailment w/ Penalty, (11) Curtailment w/ Yield Maintenance

Page 12 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **ADDITIONAL RECONCILIATION DETAIL**

# **REO Property with Final Recovery Determination**

| Loan ID | Liq Proceeds and other Amts Rec'd | Liq Proceeds and other Amt Allocated to Certs | Loss on Mortgage Loans |
| --- | --- | --- | --- |

Page 13 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **HISTORICAL LIQUIDATION LOSS LOAN DETAIL**

| Loan ID | Liquidation Month | Liquidation / Prepayment Code * | Current Beginning Scheduled Balance | Most Recent Value ** | Net Proceeds Received on Liquidation | Liquidation Expense | Net Proceeds Available for Distribution | Realized Loss to Trust |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 406100048 | Nov 2022 | 3 | 13,121,121.58 | 22,500,000.00 | 13,507,904.89 | 386,783.31 | 13,121,121.58 | 0.00 |
| 406100053 | Jan 2023 | 3 | 21,114,425.89 | 38,000,000.00 | 21,646,026.42 | 531,600.53 | 21,114,425.89 | 0.00 |
| 406100057 | Apr 2019 | 9 | 4,893,695.38 | 7,300,000.00 | 5,059,380.85 | 225,029.30 | 4,834,351.55 | 59,343.83 |
| 550100043 | Dec 2019 | 3 | 5,800,788.57 | 4,000,000.00 | 3,777,740.15 | 1,018,703.40 | 2,759,036.75 | 3,041,751.82 |
| 550100044 | Feb 2021 | 3 | 5,290,373.56 | 11,400,000.00 | 5,860,260.54 | 569,886.98 | 5,290,373.56 | 0.00 |
| 550100061 | Nov 2022 | 3 | 3,551,331.68 | 6,700,000.00 | 3,653,973.24 | 102,641.56 | 3,551,331.68 | 0.00 |
| 550100068 | Aug 2017 | 3 | 2,608,559.35 | 1,300,000.00 | 1,889,989.84 | 507,157.86 | 1,382,831.98 | 1,116,782.27 |
| 695100074 | Oct 2018 | 3 | 7,641,859.88 | 1,000,000.00 | 277,772.76 | 231,932.71 | 45,840.05 | 8,280,527.00 |
| Count: 8 | Totals: |  | 64,022,155.89 | 90,200,000.00 | 55,673,048.69 | 3,573,735.65 | 52,099,313.04 | 12,498,404.92 |

\* Liquidation / Prepayment Code: 1 - Partial Liq'n (Curtalment); 2 - Payoff Prior To Maturity; 3 - Disposition / Liquidation; 4 - Repurchase/ Substitution; 5 - Full Payoff At Maturity; 6 - DPO; 7 - Liquidated; 8 - Payoff w/ penalty; 9 - Payoff w/ yield Maintenance; 10 - Curtalment w/ Penalty; 11 - Curtalment w/ Yield Maintenance

\*\* Reported as of liquidation period. If not provided by the services, Most Recent Value is as of cutoff.

Page 14 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **BOND/COLLATERAL REALIZED LOSS RECONCILIATION**

| Loan ID | Period | Beginning Balance of the Loan at Liquidation | Aggregate Realized Loss on Loans | Prior Realized Loss Applied to Certificates A | Amounts Covered by Overcollateralization and other Credit Support B | Interest (Shortages) / Excesses applied to Realized Loss C | Modification Adjustments / Appraisal Reduction Adjustment D | Additional (Recoveries) / Expenses applied to Realized Loss E | Current Realized Loss Applied to Certificates* | Recoveries of Realized Losses paid as Cash | (Recoveries) / Loss to Certificate Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 406100048 | Nov 2022 | 13,121,121.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 406100053 | Jan 2023 | 21,114,425.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 406100057 | Apr 2019 | 4,893,695.38 | 59,344.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 59,344.47 | 0.00 | 0.00 |
| 406100057 | Aug 2019 |  | 59,343.83 | 59,344.47 | 0.00 | 0.00 | 0.00 | (0.64) | 59,343.83 | 0.00 | 0.00 |
| 406100066 | Nov 2022 |  | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10,010,296.11 | 10,010,296.11 | 0.00 | 0.00 |
| 406100066 | Dec 2022 |  | 0.00 | 10,010,296.11 | 0.00 | 0.00 | 0.00 | (393,056.62) | 9,617,239.49 | 0.00 | 0.00 |
| 550100043 | Dec 2019 | 5,800,788.57 | 3,300,812.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,300,812.78 | 0.00 | 0.00 |
| 550100043 | May 2020 |  | 3,039,974.47 | 3,300,812.78 | 0.00 | 0.00 | 0.00 | (260,838.31) | 3,039,974.47 | 0.00 | 0.00 |
| 550100043 | Nov 2020 |  | 3,040,530.47 | 3,039,974.47 | 0.00 | 0.00 | 0.00 | 556.00 | 3,040,530.47 | 0.00 | 0.00 |
| 550100043 | May 2021 |  | 3,040,696.66 | 3,040,530.47 | 0.00 | 0.00 | 0.00 | 166.19 | 3,040,696.66 | 0.00 | 0.00 |
| 550100043 | Jul 2021 |  | 3,040,910.66 | 3,040,696.66 | 0.00 | 0.00 | 0.00 | 214.00 | 3,040,910.66 | 0.00 | 0.00 |
| 550100043 | Nov 2021 |  | 3,041,175.26 | 3,040,910.66 | 0.00 | 0.00 | 0.00 | 264.60 | 3,041,175.26 | 0.00 | 0.00 |
| 550100043 | Jan 2022 |  | 3,041,344.45 | 3,041,175.26 | 0.00 | 0.00 | 0.00 | 169.19 | 3,041,344.45 | 0.00 | 0.00 |
| 550100043 | May 2022 |  | 3,041,353.45 | 3,041,344.45 | 0.00 | 0.00 | 0.00 | 9.00 | 3,041,353.45 | 0.00 | 0.00 |
| 550100043 | Oct 2022 |  | 3,041,751.82 | 3,041,353.45 | 0.00 | 0.00 | 0.00 | 398.37 | 3,041,751.82 | 0.00 | 0.00 |
| 550100044 | Feb 2021 | 5,290,373.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 550100061 | Nov 2022 | 3,551,331.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 550100068 | Aug 2017 | 2,608,559.35 | 1,307,541.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,307,541.52 | 0.00 | 0.00 |
| 550100068 | Nov 2017 |  | 1,229,223.30 | 1,307,541.52 | 0.00 | 0.00 | 0.00 | (78,318.22) | 1,229,223.30 | 0.00 | 0.00 |
| 550100068 | Feb 2018 |  | 1,225,831.87 | 1,229,223.30 | 0.00 | 0.00 | 0.00 | (3,391.43) | 1,225,831.87 | 0.00 | 0.00 |
| 550100068 | Apr 2018 |  | 1,116,886.77 | 1,225,831.87 | 0.00 | 0.00 | 0.00 | (108,945.10) | 1,116,886.77 | 0.00 | 0.00 |
| 550100068 | Dec 2019 |  | 1,116,782.27 | 1,116,886.77 | 0.00 | 0.00 | 0.00 | (104.50) | 1,116,782.27 | 0.00 | 0.00 |
| 695100074 | Dec 2017 |  | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 540,482.25 | 540,482.25 | 0.00 | 0.00 |
| 695100074 | May 2018 |  | 0.00 | 540,482.25 | 0.00 | 0.00 | 0.00 | 86,749.22 | 627,231.47 | 0.00 | 0.00 |
| 695100074 | Jun 2018 |  | 0.00 | 627,231.47 | 0.00 | 0.00 | 0.00 | 9,262.60 | 636,494.07 | 0.00 | 0.00 |
| 695100074 | Jul 2018 |  | 0.00 | 636,494.07 | 0.00 | 0.00 | 0.00 | 47,206.90 | 683,700.97 | 0.00 | 0.00 |
| 695100074 | Aug 2018 |  | 0.00 | 683,700.97 | 0.00 | 0.00 | 0.00 | 150.00 | 683,800.97 | 0.00 | 0.00 |
| 695100074 | Sep 2018 |  | 0.00 | 683,800.97 | 0.00 | 0.00 | 0.00 | 656.20 | 684,507.17 | 0.00 | 0.00 |
| 695100074 | Oct 2018 | 7,641,859.88 | 8,326,367.05 | 684,507.17 | 0.00 | 0.00 | 0.00 | 6,957,352.71 | 7,641,859.88 | 0.00 | 684,507.17 |
| 695100074 | Apr 2019 |  | 8,298,210.08 | 7,641,859.88 | 0.00 | 0.00 | 0.00 | (28,156.97) | 7,613,702.91 | 0.00 | 0.00 |

Page 15 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **BOND/COLLATERAL REALIZED LOSS RECONCILIATION**

| Loan ID | Period | Beginning Balance of the Loan at Liquidation | Aggregate Realized Loss on Loans | Prior Realized Loss Applied to Certificates A | Amounts Covered by Overcollateralization and other Credit Support B | Interest (Shortages) / Excesses applied to Realized Loss C | Modification Adjustments / Appraisal Reduction Adjustment D | Additional (Recoveries) / Expenses applied to Realized Loss E | Current Realized Loss Applied to Certificates* | Recoveries of Realized Losses paid as Cash | (Recoveries) / Loss to Certificate Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 695100074 | Aug 2019 |  | 8,280,188.17 | 7,613,702.91 | 0.00 | 0.00 | 0.00 | (18,021.91) | 7,595,681.00 | 0.00 | 0.00 |
| 695100074 | Aug 2021 |  | 8,280,527.00 | 7,595,681.00 | 0.00 | 0.00 | 0.00 | 338.83 | 7,596,019.83 | 0.00 | 0.00 |
| Loan Count: | 9 | Totals: | 12,498,404.92 |  | 0.00 | 0.00 | 0.00 | 16,763,438.47 | 21,431,137.24 | 0.00 | 684,507.17 |

Description of Fields

*In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - C - D + E

- A: Prior Realized Loss Applied to Certificates
- B: Reduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc)
- C: Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss
- D: Adjustments that are based on principal loans or future interest foregone due to modification
- E: Realized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan

Page 16 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **INTEREST ADJUSTMENT RECONCILIATION**

| Loan ID | Current Ending Scheduled Balance | Special Servicing Fee Amount plus Adjustments | Liquidation Fee Amount | Workout Fee Amount | Most Recent Net ASER Amount | Prepayment Interest (Excess)/ Shortfall * | Non- Recoverable (Scheduled Interest Not Advanced)** | Reimbursed Interest on Advances | Modified Interest Rate Reduction/ (Excess) | Reimbursement of Advances to Servicer |  | Other Shortfalls/ (Refunds) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  | Current Month | Outstanding |  |
| 406100066 | 64,279,206.83 | 12,534.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 550100034 | 6,962,540.53 | 2,000.00 | 0.00 | 0.00 | 12,812.90 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 624100060 | 57,669,925.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,555.16 |
| Count: | 3 |  |  |  |  |  |  |  |  |  |  |  |
| Totals: | 128,911,672.39 | 14,534.77 | 0.00 | 0.00 | 12,812.90 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3,555.16 |

**Total Interest Shortfall hitting the Trust: 23,792.51**

*Total shortfall may not match impact to bonds due to, but not limited to, the net effect of PPIE and Master Servicing fees received as per the governing documents.

**In some cases, the Servicer does not withhold their Servicing Fees on Non-Recoverable loans.

Page 17 of 28

# **GS Mortgage Securities Corporation Trust,  
Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9**

March 2023

Revision Date: Mar 21, 2023

# **APPRAISAL REDUCTION REPORT**