8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report:  March 11, 2021
(Date of earliest event reported)

Central Index Key Number of the issuing entity: 0001690255

Citigroup Commercial Mortgage Trust 2016-P6

(exact name of the issuing entity as specified in its charter)

Central Index Key Number of the depositor: 0001258361

Citigroup Commercial Mortgage Securities Inc.

(exact name of the depositor as specified in its charter)

Citigroup Global Markets Realty Corp.

(Central Index Key Number: 0001541001)

Barclays Bank PLC

(Central Index Key Number: 0000312070)

Starwood Mortgage Funding V LLC

(Central Index Key Number: 0001682509)

Macquarie US Trading LLC d/b/a Principal Commercial Capital

(Central Index Key Number: 0001634437)

Société Générale

(Central Index Key Number: 0001238163)

(Exact names of sponsors as specified in their respective charters)

New York
(State or other jurisdiction of
incorporation or organization of the issuing entity) 333-207132-09 (Commission File Number of the issuing entity) 81-4698681 81-4709937 81-6985023 (I.R.S. Employer Identification Numbers)

c/o Citibank, N.A.

as Certificate Administrator

388 Greenwich Street, 14th Floor

New York, NY

(Address of principal executive offices of the issuing entity)

10013

(Zip Code)

Registrant’s telephone number, including area code:

(212) 816-5614

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 8.01 Other Events.

The Easton Town Center Mortgage Loan, an asset of Citigroup Commercial Mortgage Trust 2016-P6 (the “Issuing Entity”), is being serviced pursuant to the trust and servicing agreement (the “BBCMS 2016-ETC TSA”), dated as of August 1, 2016, by and among Barclays Commercial Mortgage Securities LLC, as depositor, Wells Fargo Bank, National Association, as servicer, AEGON USA Realty Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator and custodian, and Wilmington Trust, National Association, as trustee, which governs the issuance of the BBCMS 2016-ETC Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2016-ETC. The BBCMS 2016-ETC TSA was filed as Exhibit 4.8 to the Current Report on Form 8-K with respect to the Issuing Entity, dated December 15, 2016 and filed with the Securities and Exchange Commission on December 15, 2016 under Commission File No. 333-207132-09.

Effective as of March 11, 2021, AEGON USA Realty Advisors, LLC has been removed as the special servicer with respect to the Easton Town Center Mortgage Loan under the BBCMS 2016-ETC TSA, and Situs Holdings, LLC has been appointed to act as successor special servicer with respect to the Easton Town Center Mortgage Loan under the BBCMS 2016-ETC TSA.  A copy of the related Acknowledgement and Acceptance of Special Servicer, dated March 11, 2021, is attached hereto as Exhibit 20.1.

Capitalized terms used but not defined herein shall have the meanings assigned to them in the pooling and servicing agreement, dated as of December 1, 2016 relating to the Issuing Entity, filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity, dated December 15, 2016 and filed with the Securities and Exchange Commission on December 15, 2016 under Commission File No. 333-207132-09.

Item 9.01.		Financial Statements and Exhibits.
(d)	Exhibits
Exhibit No.		Description
Exhibit 20.1		Acknowledgement and Acceptance of Special Servicer, dated March 11, 2021

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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 hereunto duly authorized.

Citigroup Commercial Mortgage Securities Inc.
(Depositor)

/s/ Richard Simpson

Richard Simpson, President

Date: March 11, 2021

3

EX-20.1

Acknowledgement and Acceptance of Special Servicer

March 11, 2021

BY EMAIL

Barclays Commercial Mortgage Securities LLC, as Depositor 745 7th Avenue, 4th Floor New York, New York 10019 Attention: Daniel Vinson E-mail: daniel.vinson@barcap.com	Wells Fargo Bank, National Association, as Servicer Commercial Mortgage Servicing Three Wells Fargo MAC D1050-084, 401 South Tryon Street, 8th Floor Charlotte, North Carolina 28202 Attention: BBCMS 2016-ETC Asset Manager E-mail: commercial.servicing@wellsfargo.com
AEGON USA Realty Advisors, LLC, as Special Servicer 4333 Edgewood Road NE Cedar Rapids, Iowa 52499 Attention: Gregory A. Dryden Email: gdryden@aegonusa.com and specialservicing@aegonusa.com	Wells Fargo Bank, National Association, as Certificate Administrator and Custodian 9062 Old Annapolis Road Columbia, Maryland 21045-1951 Attention: Corporate Trust Services – BBCMS 2016-ETC Email: cts.cmbs.bond.admin@wellsfargo.com Email: trustadministrationgroup@wellsfargo.com
Wilmington Trust, National Association 1100 North Market Street Wilmington, Delaware 19890 Attention: CMBS Trustee – BBCMS 2016-ETC Email: CMBSTrustee@wilmingtontrust.com

RE:   Acknowledgement and Acceptance of Special Servicer;

BBCMS 2016-ETC Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2016-ETC

Ladies and Gentlemen:

Reference is made to that certain Trust and Servicing Agreement (the “TSA”), dated as of August 1, 2016, between Barclays Commercial Mortgage Securities LLC, as Depositor, Wells Fargo Bank, National Association, as Servicer, AEGON USA Realty Advisors, LLC (“AEGON”), as Special Servicer, Wells Fargo Bank, National Association, Certificate Administrator and Custodian, and Wilmington Trust, National Association, as Trustee, relating to the BBCMS 2016-ETC Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2016-ETC.Reference is further made to that certain Amended and Restated Co-Lender Agreement (the “Co-Lender Agreement”), dated as of September 6, 2016, by and among Wilmington Trust, National Association, solely in its capacity as Trustee in Trust for Holders of BBCMS 2016-ETC Mortgage Trust, Commercial Mortgage Pass-Through

 

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Acknowledgement and Acceptance of Special Servicer

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Certificates, Series 2016-ETC, the Note A-1-A Holder, Note A-2A Holder, Note B-1 Holder, and Note B-2 Holder, Barclays Bank PLC, the Note A-1B Holder, Note A-1-B-2 Holder, and Note A-1-B-3 Holder, and Morgan Stanley Bank, N.A., as Note A-2-B Holder. Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the TSA and the Co-Lender Agreement, respectfully.

Pursuant to Section 7.01(e) of the TSA and Section 7 of the Co-Lender Agreement, the undersigned hereby agrees with all the other parties to the TSA that the undersigned shall serve as Special Servicer under, and as defined in, the TSA. The effective date (the “Effective Date”) of the appointment of the undersigned as Special Servicer shall be the date hereof. The undersigned hereby assumes, as of the Effective Date, all of the responsibilities, duties and liabilities of the Special Servicer under the TSA that arise on and after the Effective Date. The undersigned hereby makes, as of the date hereof, the representations and warranties set forth in Section 2.5(b) of the TSA mutatis mutandis with all references to “Agreement” in Section 2.5(b) of the TSA to include this Acknowledgement and Acceptance of Special Servicer in addition to the Agreement, with the following corrections with respect to type of entity and jurisdiction of organization: Situs Holdings, LLC is a duly formed limited liability company, validly existing in active status under the laws of the State of Delaware.  The undersigned further represents and warrants that it satisfies all of the eligibility requirements applicable to special servicers set forth in the TSA, including that it is a Qualified Replacement Special Servicer, and that all requirements and preconditions for the appointment of the undersigned as Special Servicer have been satisfied.

Situs Holdings, LLC’s address for notices pursuant to Section 11.4 of the TSA is as follows:

Situs Holdings, LLC

101 Montgomery Street, Suite 2250

San Francisco, California 94104

Attention: Curt Spaugh

E-mail: curtspaugh@situsamc.com

with a copy to:

Situs Group, LLC

5065 Westheimer, Suite 700E

Houston, Texas 77056

Attention: Legal Department

E-mail: legal@situsamc.com

and

samnotice@situsamc.com.

Sincerely,

SITUS HOLDINGS, LLC

By: /s/ Adriana Boudreaux

Name: Adriana Boudreaux

Title: Deputy General Counsel

 

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