# EDGAR Filing Document

**Accession Number:** 0001966002
**File Stem:** 0001888524-25-010987
**Filing Date:** 2025-6
**Character Count:** 9900
**Document Hash:** f33dfc928a31f4606d4ac25ecc3d379a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001888524-25-010987.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001888524-25-010987

**CONFORMED SUBMISSION TYPE**: ABS-EE

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250617

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250513

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Benchmark 2023-B38 Mortgage Trust
- **CENTRAL INDEX KEY:** 0001966002
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-EE
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-260277-04
- **FILM NUMBER:** 251082938

**BUSINESS ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** (212) 250-2500

**MAIL ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

# **UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION <br> Washington D.C. 20549** 

# **FORM FOR SUBMISSION OF ELECTRONIC EXHIBITS FOR <br>ASSET-BACKED SECURITIES** 
Commission File Number of issuing entity: 333-260277-04\*

Central Index Key Number of Issuing entity: 0001966002

Benchmark 2023-B38 Mortgage Trust<br> (Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-260277

Central Index Key Number of depositor: 0001013454

Deutsche Mortgage & Asset Receiving Corporation<br> (Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001541294

German American Capital Corporation<br> (Exact name of Sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001541502

Goldman Sachs Mortgage Company<br> (Exact name of Sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0000835271

JPMorgan Chase Bank, National Association<br> (Exact name of Sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001701238

Citi Real Estate Funding Inc.<br> (Exact name of Sponsor as specified in its charter)

Lainie Kaye (212) 250-2500 <br> (Name and telephone number, including area code, of the person to contact in connection with this filing)

\*Certain Exchange Act filings of the Issuing Entity are also available under SEC File No. 333-260277-03. The Issuing Entity intends to file all future reports required to be made pursuant to the Exchange Act under SEC File No. 333-260277-04.

INFORMATION TO BE INCLUDED IN THIS FORM

Item 1. File an Asset Data File in accordance with Exhibit 601(b)(102) (17 CFR 229.601(b)(102)).

Item 2. File an Asset Related Document in accordance with Exhibit 601(b)(103) (17 CFR 229.601(b)(103)).

SIGNATURES

The depositor has duly caused this Form to be signed on its behalf by the undersigned hereunto duly authorized.

Deutsche Mortgage & Asset Receiving Corporation<br> (Depositor)

/s/ Matt Smith<br> Matt Smith, Director

Dated : June 27, 2025

/s/ R. Chris Jones<br> R. Chris Jones, Managing Director

Dated : June 27, 2025

EXHIBIT INDEX

Exhibit Number Description <br> EX 102 Asset Data File <br> EX 103 Asset Related Document

## Exhibit 102: Asset Data File

|   Asset Number | Originator                                          | Origination Date   | Original Loan Amount   | Maturity Date   |   Interest Rate (%) | Property Name                         | Property Type   | City              | State   |
|---:|:---|:---|:---|:---|---:|:---|:---|:---|:---|
|              1 | Goldman Sachs Bank USA                              | 01-11-2023         | $65600000.00           | 02-06-2033      |           0.0594107 | Pacific Design Center                 | MU              | West Hollywood    | CA      |
|              2 | JPMorgan Chase Bank, National Association           | 02-10-2023         | $60000000.00           | 03-09-2028      |           0.05585   | 1201 Third Avenue                     | OF              | Seattle           | WA      |
|              3 | Goldman Sachs Bank USA                              | 01-27-2023         | $53150000.00           | 02-10-2038      |           0.055095  | CX - 250 Water Street                 | MU              | Cambridge         | MA      |
|              4 | Goldman Sachs Bank USA, DBR Investments Co. Limited | 01-03-2023         | $50000000.00           | 01-06-2028      |           0.05899   | Green Acres                           | RT              | Valley Stream     | NY      |
|              5 | Goldman Sachs Bank USA, DBR Investments Co. Limited | 01-05-2023         | $50000000.00           | 02-01-2033      |           0.06521   | Great Lakes Crossing Outlets          | RT              | Auburn Hill       | MI      |
|              6 | Goldman Sachs Bank USA                              | 03-03-2023         | $49000000.00           | 03-06-2028      |           0.0621425 | Scottsdale Fashion Square             | RT              | Scottsdale        | AZ      |
|              7 | Citi Real Estate Funding Inc.                       | 03-10-2023         | $35000000.00           | 04-06-2028      |           0.0681    | 1700 Schuster Road                    | WH              | Delano            | CA      |
|              8 | JPMorgan Chase Bank, National Association           | 03-10-2023         | $30000000.00           | 04-06-2033      |           0.0726    | 100 Jefferson                         | WH              | Parsippany        | NJ      |
|              9 | Citi Real Estate Funding Inc.                       | 11-03-2022         | $29500000.00           | 11-06-2029      |           0.0728    | 9200 Calumet Industrial               | OF              | Munster           | IN      |
|             10 | UBS AG                                              | 03-16-2020         | $29000000.00           | 04-06-2030      |           0.0515    | Naugatuck Valley Shopping Center      | RT              | Waterbury         | CT      |
|             11 | JPMorgan Chase Bank, National Association           | 06-28-2022         | $27500000.00           | 07-01-2032      |           0.0602    | One Campus Martius                    | OF              | Detroit           | MI      |
|             12 | JPMorgan Chase Bank, National Association           | 12-21-2022         | $27472500.00           | 01-05-2033      |           0.06605   | Shoppes at Mid Rivers                 | RT              | Saint Peters      | MO      |
|             13 | DBR Investments Co. Limited                         | 03-01-2023         | $24000000.00           | 03-06-2033      |           0.07152   | Crowne Plaza Indianapolis             | LO              | Indianapolis      | IN      |
|             14 | Citi Real Estate Funding Inc.                       | 03-20-2023         | $16000000.00           | 04-06-2033      |           0.0672    | Hyatt Place Crocker Park              | LO              | Westlake          | OH      |
|             15 | Citi Real Estate Funding Inc.                       | 03-20-2023         | $15500000.00           | 04-01-2033      |           0.0712    | 1027 Filbert Street (Gallery Garage)  | MU              | Philadelphia      | PA      |
|             16 | Goldman Sachs Bank USA                              | 06-28-2022         | $15000000.00           | 07-06-2032      |           0.05825   | Riverport Tower                       | OF              | Maryland Heights  | MO      |
|             17 | BSPRT CMBS Finance, LLC                             | 11-17-2022         | $12000000.00           | 12-06-2032      |           0.0705    | The Grove                             | RT              | Hoover            | AL      |
|             18 | Citi Real Estate Funding Inc.                       | 03-09-2023         | $11700000.00           | 04-06-2033      |           0.0626    | Chatsworth Retail Portfolio           | RT              | Los Angeles       | CA      |
|             19 | Citi Real Estate Funding Inc.                       | 11-18-2022         | $10125000.00           | 12-06-2032      |           0.0668    | CVS 5 Portfolio                       | RT              | Carlsbad          | CA      |
|             20 | German American Capital Corporation                 | 11-18-2022         | $10000000.00           | 12-06-2027      |           0.0605    | Sentinel Square II                    | OF              | Washington        | DC      |
|             21 | DBR Investments Co. Limited                         | 01-09-2023         | $9642857.00            | 02-06-2028      |           0.065     | Center Point on Hamilton              | MU              | High Point        | NC      |
|             22 | Citi Real Estate Funding Inc.                       | 01-30-2023         | $8076250.00            | 02-06-2033      |           0.0636    | Dollar Walgreens Portfolio (Oak Park) | RT              | Oak Park          | MI      |
|             23 | Goldman Sachs Bank USA                              | 03-10-2023         | $8000000.00            | 04-06-2033      |           0.0684    | Town Place Suites - BWI Airport       | LO              | Linthicum Heights | MD      |
|             24 | Goldman Sachs Bank USA                              | 03-10-2023         | $8000000.00            | 04-06-2033      |           0.06629   | Equinox Summit                        | RT              | Summit            | NJ      |
|             25 | Citi Real Estate Funding Inc.                       | 11-14-2022         | $3900000.00            | 12-06-2032      |           0.0723    | Sylvan Heights                        | RT              | Arlington         | TX      |

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