# EDGAR Filing Document

**Accession Number:** 0002098029
**File Stem:** 0001193125-26-271198
**Filing Date:** 2026-6
**Character Count:** 32869
**Document Hash:** 962d038b48c83e1ca4df3f39d0b29867
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-271198.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0001193125-26-271198

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260615

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LMDV Sponsor LLC
- **CENTRAL INDEX KEY:** 0002098029

**ORGANIZATION NAME:**
- **EIN:** 883976436
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08121
- **FILM NUMBER:** 261091421

**BUSINESS ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
- **BUSINESS PHONE:** 866-526-3675

**MAIL ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LMDV Sponsor LLC
- **CENTRAL INDEX KEY:** 0002098029

**ORGANIZATION NAME:**
- **EIN:** 883976436
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
- **BUSINESS PHONE:** 866-526-3675

**MAIL ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LMDV Sponsor LLC
- **CENTRAL INDEX KEY:** 0002098029

**ORGANIZATION NAME:**
- **EIN:** 883976436
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08121

**BUSINESS ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245
- **BUSINESS PHONE:** 866-526-3675

**MAIL ADDRESS:**
- **STREET 1:** 400 CONTINENTAL BLVD, SUITE 500
- **CITY:** EL SEGUNDO
- **STATE:** CA
- **ZIP:** 90245

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period** 

**Date of Report (Date of earliest event reported) N/A** 

**Commission File Number of securitizer:<u> </u>** 

**Central Index Key Number of securitizer:** 

**Name and telephone number, including area code, of the person** 

**To contact in connection with this filing.** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

SEC2860 (6-15) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of depositor: Not Applicable** 

## LMDV Issuer Co. LLC
**(Exact name of issuing entity as specified in its charter)** 

Central Index Key Number of issuing entity (if applicable):

Central Index Key Number of underwriter (if applicable): Not Applicable

**George P. Doyle** 

**(310) 361-5790** 

**Name and telephone number, including area code, of the person** 

**To contact in connection with this filing.** 

------

**INFORMATION TO BE INCLUDED IN THE REPORT** 

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

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| | |
|:---|:---|
| **Item 2.01** | **Findings and conclusions of a Third Party Due Diligence Report Obtained by the Issuer**  |

---

The disclosures required by Rule 15Ga-2 (17 C.F.R. 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

------

**SIGNATURES** 

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

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| | |
|:---|:---|
| LMDV Sponsor LLC | (Securitizer) |
| Dated: June 15, 2026 |  |
| /s/ George P. Doyle | (Signature) |
| George P. Doyle |  |
| CFO & Treasurer |  |

---

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit**<br>**No.** | **Description** |
| Exhibit 99.1 | Report of Independent Accountants on Applying Agreed-Upon Procedures, dated June 15, 2026 of Ernst & Young LLP. |

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## Exhibit 99.1

**Exhibit 99.1** 

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| | | |
|:---|:---|:---|
| ![LOGO](g139983dsp03.jpg) | <br> Ernst & Young LLP<br> One Manhattan West<br> New York, NY 10001 | <br> Tel: +1 212 773 3000<br> ey.com<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |

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Report of Independent Accountants on Applying Agreed-Upon Procedures

LMDV Sponsor LLC (the "Sponsor") LMDV Issuer Co. LLC (the "Issuer") 400 Continental Blvd., Suite 500 El Segundo, California 90245 15 June 2026

Re: LMDV Issuer Co. LLC

Secured Tenant Site Contract Revenue Notes, Series 2026-1 (the "Notes")

Sample Asset Agreed-Upon Procedures

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Sponsor, Issuer, TD Securities (USA) LLC (the "Sole Structuring Advisor"), RBC Capital Markets, LLC, Truist Securities, Inc. and Citizens JMP Securities, LLC (collectively, the "Specified Parties"), for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to a pool of assets consisting of fee estates, leasehold estates or easements with respect to certain wireless communication sites and assignments of tenant leases, licenses or similar agreements with respect to certain wireless communication sites (the "Tenant Site Assets") relating to the Issuer's securitization transaction. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Sponsor, on behalf of the Issuer, provided us with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file labeled "2026-1_Data Tape_v05.20.2026_AUP.xlsx" and the corresponding record layout and decode information, as applicable (the "Initial Preliminary Data File"), that the Sponsor, on behalf of the Issuer, indicated contains information as of
31 March 2026 (the "Cut-Off Date") relating to certain fee estates, leasehold estates or easements with respect to certain wireless communication sites and assignments of tenant leases,
licenses or similar agreements with respect to certain wireless communication sites (the "Initial Tenant Site Assets") that are expected to be representative of the Tenant Site Assets,

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|:---|:---|
| ![LOGO](g139983dsp03.jpg) | Page 2 of 4 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Imaged copies of the following items (collectively, the "Source Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The easement and assignment of lease agreement or other related documents (collectively and as applicable, the
"Easement Agreement"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The lease agreement, lease abstract or other related documents (collectively and as applicable, the "Lease
Agreement"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. The purchase and sale agreement or other related documents (collectively and as applicable, the "Purchase and Sale
Agreement"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The estoppel certificate (the "Estoppel Certificate"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Certain printed screen shots of a certain credit rating (the "Parent Rating Screenshots"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. The closing statement or other related documents (collectively and as applicable, the "Closing Statement"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. The property transaction report or other related documents (collectively and as applicable, the "Property
Transaction Report"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. The investment committee memo or other related documents (collectively and as applicable, the "Investment Committee
Memo"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. The quit claim deed, warranty deed or other related documents (collectively and as applicable, the "Deed"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. The proof of payment (the "Proof of Payment") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. The underwriting summary (the "Underwriting Summary"),

as applicable, that the Sponsor, on behalf of the Issuer, indicated relate to the Sample Assets (as defined in Attachment A),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. A schedule and the corresponding record layout and decode information, as applicable (the "Data Tape
Glossary"), that the Sponsor, on behalf of the Issuer, indicated contains structure type and RPI type information relating to the Sample Assets, as applicable,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Certain schedules and the corresponding record layout and decode information, as applicable (the "Revenue
Schedules"), that the Sponsor, on behalf of the Issuer, indicated contain rent and expense information relating to the Sample Assets, as applicable,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. A schedule and the corresponding record layout and decode information, as applicable (the "BTA Rank
Schedule," together with the Source Documents, Data Tape Glossary and Revenue Schedules, the "Sources"), that the Sponsor, on behalf of the Issuer, indicated contains basic trading area ("BTA") mapping information
relating to certain geographical locations,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. The list of relevant characteristics (the "Sample Characteristics") on the Preliminary Data File and Data
File (both as defined herein), which is shown on Exhibit 1 to Attachment A, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Instructions, assumptions and methodologies, which are described in Attachment A.

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|:---|:---|
| ![LOGO](g139983dsp03.jpg) | Page 3 of 4 |

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For the purpose of the procedures described in this report, the Sole Structuring Advisor, on behalf of the Issuer, provided us with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Electronic data files:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Labeled "2026-1_Data Tape_v05.21.2026 (Updated Parent Names).xlsx"
and the corresponding record layout and decode information, as applicable (the "Preliminary Data File"), that the Sole Structuring Advisor, on behalf of the Issuer, indicated contains information as of the Cut-Off Date relating to the Initial Tenant Site Assets and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Labeled "2026-1_Data Tape_v06.04.2026.xlsx" and the corresponding
record layout and decode information, as applicable (the "Data File," together, with the Initial Preliminary Data File and Preliminary Data File, the "Provided Data Files"), that the Sole Structuring Advisor, on behalf of the
Issuer, indicated contains information as of the Cut-Off Date relating to the Initial Tenant Site Assets, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Instructions, assumptions and methodologies, which are described in Attachment A.

For the purpose of the procedures described in this report, certain information contained on the Provided Data Files is the "Subject Matter" as of the date of this report.

The procedures included in Attachment A were limited to comparing, recalculating or observing, as applicable, certain information that is further described in Attachment A. The Issuer is responsible for the Subject Matter, Provided Data Files, Sources, Sample Characteristics and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A. We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Sources or any other information provided to us, or that we were instructed to obtain, as applicable, by the Sponsor, on behalf of the Issuer, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to (a) the existence of the Initial Tenant Site Assets or Tenant Site Assets, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions or methodologies provided to us by the Sponsor, on behalf of the Issuer, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

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|:---|:---|
| ![LOGO](g139983dsp03.jpg) | Page 4 of 4 |

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The agreed-upon procedures described in this report were not performed for the purpose of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a
"rating agency") or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether the origination of the Tenant Site Assets conformed to, or deviated from, stated underwriting or credit extension
guidelines, standards, criteria or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The value of the collateral securing the Tenant Site Assets,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether the originator(s) of the Tenant Site Assets complied with federal, state or local laws or regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any other factor or characteristic of the Tenant Site Assets that would be material to the likelihood that the issuer of
the Notes will pay interest and principal in accordance with applicable terms and conditions.

We are required to be independent of the Issuer and to meet our other ethical responsibilities, as applicable, for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than the Specified Parties. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

15 June 2026

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|:---|:---|
| ![LOGO](g139983dsp03.jpg) <br>| Attachment A<br> Page 1 of 2 |

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<u>Procedures performed and our associated findings</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. As instructed by the Sponsor, on behalf of the Issuer, we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Identified the 20 Initial Tenant Site Assets with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The largest NTM NOI values and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. A Group value of "2026-1 TC ABS,"

both as shown on the Initial Preliminary Data File, (the "Top 20 Tenant Site Assets") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Randomly selected a sample of 10 Initial Tenant Site Assets from the Initial Preliminary Data File that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Were not Top 20 Tenant Site Assets and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Have a Group value of "2026-1 TC ABS," as shown on the Initial
Preliminary Data File,

(the "Random Sample Assets," together with the Top 20 Tenant Site Assets, the "Sample Assets").

For the purpose of this procedure, the Sponsor, on behalf of the Issuer, did not inform us as to the basis for how they determined the number of Sample Assets or the methodology they instructed us to use to select the Sample Assets from the Initial Preliminary Data File.

For the purpose of the procedures described in this report, the 30 Sample Assets are referred to as Sample Asset Numbers 1 through 30.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For each tenant site asset on the Initial Preliminary Data File and Preliminary Data File, we compared the LD Asset ID,
as shown on the Initial Preliminary Data File, to the corresponding LD Asset ID, as shown on the Preliminary Data File, and noted that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All of the Initial Tenant Site Assets were included on both the Initial Preliminary Data File and Preliminary Data File
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No tenant site assets other than the Initial Tenant Site Assets were included on the Initial Preliminary Data File or
Preliminary Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For each Sample Asset, we compared the Sample Characteristics listed on Exhibit 1 to Attachment A, as shown on the
Preliminary Data File, to the corresponding information located in, or to the corresponding information we recalculated using information located in, the Sources, subject to the instructions, assumptions and methodologies provided to us by the
Sponsor, on behalf of the Issuer, described in the notes to Exhibit 1 to Attachment A and the succeeding paragraph(s) of this Item. Except for the information shown on Exhibit 2 to Attachment A, all such compared information was found to be in
agreement.

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|:---|:---|
| ![LOGO](g139983dsp03.jpg) <br>| Attachment A<br> Page 2 of 2 |

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The Source(s) that we were instructed by the Sponsor, on behalf of the Issuer, to use for each Sample Characteristic are indicated on Exhibit 1 to Attachment A. Unless otherwise indicated in the notes to Exhibit 1 to Attachment A, where more than one Source is listed for a Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us to note agreement if the value on the Preliminary Data File for such Sample Characteristic agreed with the corresponding information in at least one of the Sources listed for such Sample Characteristic on Exhibit 1 to Attachment A. We performed no procedures to reconcile any differences that may exist between various Sources for any of the Sample Characteristics listed on Exhibit 1 to Attachment A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For each tenant site asset on the Preliminary Data File and Data File, we compared the LD Asset ID, as shown on the
Preliminary Data File, to the corresponding LD Asset ID, as shown on the Data File, and noted that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All of the Initial Tenant Site Assets were included on both the Preliminary Data File and Data File and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No tenant site assets other than the Initial Tenant Site Assets were included on the Preliminary Data File or Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For each Sample Asset, we compared the Sample Characteristics, as shown on the Preliminary Data File, to the
corresponding information, as shown on the Data File, subject to the instruction(s) provided by the Sponsor, on behalf of the Issuer, described in the succeeding paragraph(s) of this Item. Except for the information shown on Exhibit 3 to Attachment
A, all such compared information was found to be in agreement.

For the purpose of comparing the address and tenant name Sample Characteristics, the Sponsor, on behalf of the Issuer, instructed us to ignore differences that appear to be due to abbreviations, truncations or spelling errors.

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Exhibit 1 to Attachment A Page 1 of 4

<u>Sample Characteristics and Sources</u> 

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| | | |
|:---|:---|:---|
| Sample Characteristic | Preliminary<br> Data File Field Name | Source(s) |
| LD asset ID | LD Asset ID | Underwriting Summary |
| Address | Address | Lease Agreement, Easement Agreement, Purchase and Sale Agreement, Underwriting Summary, Property Transaction Report or Closing Statement |
| State | State | Lease Agreement, Easement Agreement, Purchase and Sale Agreement, Underwriting Summary, Property Transaction Report or Closing Statement |
| Zip code | Zip | Lease Agreement, Easement Agreement, Purchase and Sale Agreement, Underwriting Summary, Property Transaction Report or Closing Statement |
| Tenant name | Tenant Name | Lease Agreement, Easement Agreement, Purchase and Sale Agreement, Underwriting Summary or Proof of Payment |
| Entity | Legal Entity | Easement Agreement, Lease Agreement, Deed or Purchase and Sale Agreement |
| Structure type | Structure Type | a. Underwriting Summary, Easement Agreement, Lease Agreement or Investment Committee Memo and<br> b. Data Tape Glossary |
| RPI type | Real Property Interest Type | a. Easement Agreement, Lease Agreement, Purchase and Sale Agreement, Underwriting Summary or Deed and<br> b. Data Tape Glossary |
| RPI term | RPI Purchase Term (Mos) | Easement Agreement, Lease Agreement, Purchase and Sale Agreement, Deed or Underwriting Summary |
| Lease commencement date | Lease Commencement Date | Lease Agreement, Easement Agreement, Purchase and Sale Agreement, Underwriting Summary, Estoppel Certificate or Closing Statement |
| LD acquisition date | LD Acquisition Date | Closing Statement, Lease Agreement or Purchase and Sale Agreement |

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Exhibit 1 to Attachment A Page 2 of 4

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| | | |
|:---|:---|:---|
| Sample Characteristic | Preliminary<br> Data File Field Name | Source(s) |
| BTA rank | BTA Rank | a. Underwriting Summary or Easement Agreement and<br> b. BTA Rank Schedule |
| Parent bond rating | PC/PP Bond Rating | Parent Rating Screenshots |
| Next expiration date | Next Expiration Date | a. Lease Agreement, Underwriting Summary, Estoppel Certificate or Proof of Payment or<br> b. (1.) Lease Agreement, Underwriting Summary, Estoppel Certificate or Proof of Payment and (2.) recalculation |
| Lease expiration date | Final Lease Expiration | a. Lease Agreement, Underwriting Summary, Estoppel Certificate or Proof of Payment or<br> b. (1.) Lease Agreement, Underwriting Summary, Estoppel Certificate or Proof of Payment and (2.) recalculation |
| Next twelve months NOI | NTM NOI | a. Lease Agreement, Underwriting Summary, Proof of Payment or Revenue Schedules or<br> b. (1.) Lease Agreement or Underwriting Summary and (2.) Proof of Payment, Revenue Schedules and recalculation |

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<u>Notes</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The LD asset ID Sample Characteristic is for identification purposes only.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. For the purpose of comparing the address, state, tenant name, entity, structure type and RPI type Sample Characteristics,
the Sponsor, on behalf of the Issuer, instructed us to ignore differences that appear to be due to abbreviations, truncations or spelling errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. For the purpose of comparing the zip code Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us to
only compare the first five digits of the zip code, as shown on the Preliminary Data File, to the corresponding first five digits of the zip code, as shown in the applicable Source.

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Exhibit 1 to Attachment A Page 3 of 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. For the purpose of comparing the tenant name Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us
to note agreement if the tenant name, as shown on the Preliminary Data File, agreed with the corresponding tenant name, as shown in the applicable Source, in accordance with the following decode table:

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| | |
|:---|:---|
| Preliminary Data File Value | Source Value |
|  Frontier Communications | Frontier Florida LLC |
|  Crown Castle | Crown Atlantic Company LLC, CCTMO LLC or CCAT LLC |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. For the purpose of comparing the structure type Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed
us to note agreement if the structure type, as shown on the Preliminary Data File, agreed with the corresponding structure type, as shown in the applicable Source, in accordance with the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Information described in the Data Tape Glossary, as applicable, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Decode table shown below:

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| | |
|:---|:---|
| Preliminary Data File Value | Source Value |
|  Fiber hub | Switch center, switch facility, office condo, data room or data center |
|  Tower | Monopole |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. For the purpose of comparing the RPI type Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us to
use the information, as shown in the applicable Source, in accordance with the information described in the Data Tape Glossary, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. For the purpose of comparing the RPI term Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us to
note agreement with "1188," as shown on the Preliminary Data File, if the applicable Source indicated that the RPI term was perpetual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. For the purpose of comparing the lease commencement date Sample Characteristic, the Sponsor, on behalf of the Issuer,
instructed us to ignore differences of +/- six (6) months or less.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. For the purpose of comparing the LD acquisition date, next expiration date and lease expiration date Sample
Characteristics, the Sponsor, on behalf of the Issuer, instructed us to ignore differences of +/- two (2) months or less.

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Exhibit 1 to Attachment A Page 4 of 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. For the purpose of comparing the BTA rank Sample Characteristic, the Sponsor, on behalf of the Issuer, instructed us to
use the geographical location information, as shown in the applicable Source, in accordance with the BTA Rank Schedule, as applicable.

The Sponsor, on behalf of the Issuer, instructed us not to compare the BTA rank Sample Characteristic for any Sample Asset with a BTA rank of "N/A," as shown on the Preliminary Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. The Sponsor, on behalf of the Issuer, instructed us to not to compare the parent bond rating Sample Characteristic for
any Sample Asset with a parent bond rating of "NR," as shown on the Preliminary Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. For the purpose of comparing the next expiration date and lease expiration date Sample Characteristics, the Sponsor, on
behalf of the Issuer, instructed us to use the next expiration date or lease expiration date, as applicable, as shown in the applicable Source, or if the applicable Source did not contain the next expiration date or lease expiration date, as
applicable, to recalculate the next expiration date or lease expiration date, as applicable, using the information, assumptions and methodologies described in the applicable Source.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii. For the purpose of comparing the next twelve months NOI Sample Characteristic, the Sponsor, on behalf of the Issuer,
instructed us to use the next twelve months NOI, as shown in the applicable Source, or if the applicable Source did not contain the next twelve months NOI, to recalculate the next twelve months NOI using the information, assumptions and
methodologies described in the applicable Source.

For the purpose of this procedure, the Sponsor, on behalf of the Issuer, instructed us to ignore differences of +/- $1.00 or less.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Sponsor, on behalf of the Issuer, described in the notes above.

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Exhibit 2 to Attachment A

<u>Sample Characteristic Differences</u> 

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| | | | |
|:---|:---|:---|:---|
| Sample<br> Asset Number | Sample Characteristic | Preliminary<br>Data File Value | Source Value |
| 23 | Next twelve months NOI | $24644.60 | $22457.68 |
| 24 | Next twelve months NOI | $17963.93 | $17980.14 |
| 25 | Next expiration date | 8/1/2026 | 8/31/2027 |
|  | Lease expiration date | 8/1/2043 | 8/31/2042 |
|  | Next twelve months NOI | $13968.04 | $14223.93 |
| 28 | Lease commencement date | 6/1/2012 | 6/1/2013 |
|  | Next expiration date | 5/31/2029 | 5/31/2028 |
| 30 | Next twelve months NOI | $531.32 | $539.15 |

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Exhibit 3 to Attachment A

Sample Characteristic Differences

<u>Between the Preliminary Data File and Data File</u> 

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| | | | |
|:---|:---|:---|:---|
| Sample<br> Asset Number | Sample Characteristic | Preliminary<br>Data File Value | Data File Value |
| 23 | Next twelve months NOI | $24644.60 | $22457.71 |
| 24 | Next twelve months NOI | $17963.93 | $17980.12 |
| 25 | Next expiration date | 8/1/2026 | 8/31/2027 |
|  | Lease expiration date | 8/1/2043 | 8/31/2042 |
|  | Next twelve months NOI | $13968.04 | $14223.94 |
| 28 | Lease commencement date | 6/1/2012 | 6/1/2013 |
|  | Next expiration date | 5/31/2029 | 5/31/2028 |
| 30 | Next twelve months NOI | $531.32 | $539.15 |

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