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: June 24, 2022
(Date of earliest event reported)
Central Index Key Number of the issuing entity: 0001791183
Citigroup Commercial Mortgage Trust 2019-GC43
(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)
Citi Real Estate Funding Inc.
(Central Index Key Number: 0001701238)
Goldman Sachs Mortgage Company
(Central Index Key Number: 0001541502)
(Exact names of sponsors as specified in their respective charters)
New York the issuing entity) |
333-228597-03 (Commission File Number of the issuing entity) |
35-7258020 35-7258021 (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 |
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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 Rivertowne Commons mortgage loan, an asset of Citigroup Commercial Mortgage Trust 2019-GC43 (the “Issuing Entity”), is being serviced pursuant to the pooling and servicing agreement, dated as of October 1, 2019 (the “Benchmark 2019-B13 PSA”), by and among Deutsche Mortgage & Asset Receiving Corporation, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer, and Wells Fargo Bank, National Association, as trustee, certificate administrator, paying agent and custodian, which governs the issuance of the Benchmark 2019-B13 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B13. The Benchmark 2019-B13 PSA was filed as Exhibit 4.6 to the Current Report on Form 8-K with respect to the Issuing Entity, dated November 13, 2019 under Commission File No. 333-228597-03.
Effective as of June 24, 2022, CWCapital Asset Management LLC has been terminated as special servicer under the Benchmark 2019-B13 PSA, and LNR Partners, LLC has been appointed to act as successor special servicer under the Benchmark 2019-B13 PSA. A copy of the related Acknowledgement and Acceptance of Special Servicer dated June 24, 2022 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 November 1, 2019 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 November 13, 2019 under Commission File No. 333-228597-03.
Item 9.01. |
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Financial Statements and Exhibits. |
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(d) |
Exhibits |
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Exhibit No. |
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Description |
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Exhibit 20.1 |
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Acknowledgement and Acceptance of Special Servicer dated June 24, 2022 |
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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: June 24, 2022
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Acknowledgement and Acceptance of Special Servicer
June 24, 2022
BY EMAIL
Wells Fargo Bank, National Association, as Trustee 9062 Old Annapolis Road Columbia, Maryland 21045 Attention: Corporate Trust Services (CMBS) - BMARK 2019-B13 Email: cts.cmbs.bond.admin@wellsfargo.com trustadministrationgroup@wellsfargo.com |
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RE: |
Acknowledgment and Acceptance of Special Servicer; |
Benchmark 2019-B13 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B13
Ladies and Gentlemen:
Reference is made to that certain Pooling and Servicing Agreement (the “PSA”) dated as of October 1, 2019 by and among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National Association, as Trustee, Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services, LLC, as Operating Advisor and Asset Representations Reviewer, relating to the Benchmark 2019-B13 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2019-B1, the Sunset North Co-Lender Agreement dated September 10, 2019 by and among JPMorgan Chase Bank, National Association in its capacity as initial owner of the Note A-1, as the initial agent, as initial owner of the Note A-2, and as initial owner of the Note A-3, the City Hyde Park Co-Lender Agreement dated as of September 17, 2019 by and among JPMorgan Chase Bank, National Association in its capacity as initial owner of the Note A-1, as the initial agent, as initial owner of the Note A-2, and as initial owner of the Note A-3, the 900 & 990 Stewart Avenue Co-Lender Agreement dated as of September 12, 2019 by and between JPMorgan Chase Bank, National Association in its capacity as initial owner of the Note A-1, as the initial agent, and as initial owner of the Note A-2, Rivertowne Commons Mortgage Loan Co-Lender Agreement dated October 17, 2019, by and between Citi Real Estate Funding Inc. in its capacity as owner of Note A-1, as the initial agent, and as owner of Note A-2, the Wind Creek Casino and Resort Bethlehem Co-Lender Agreement dated as of August 20, 2019, between Cantor Commercial Real Estate Lending, L.P., as holder of Note A-1 and DBR Investments Co. Limited as the holder of Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6 and the Beverly Hills BMW Co-Lender Agreement dated as of September 17, 2019 between Deutsche Bank AG, New York Branch as the holder of Note A-1, Note A-2, and Note A-3 (together, the “Co-Lender Agreements”). Capitalized terms used and not defined herein shall have the respective meanings ascribed to such terms in the PSA and Co-Lender Agreements, as applicable.
Pursuant to Sections 3.22(b) and 7.02 of the PSA, the undersigned hereby agrees with all the other parties to the PSA that the undersigned shall serve as Special Servicer under, and as defined in, the PSA. The effective date (the “Effective Date”) of the appointment of the undersigned as Special Servicer
2340 Collins Avenue • Miami Beach, Florida 33139
Telephone: (305) 695-5600 • Fax: (305) 695-5601
shall be the date hereof. The undersigned hereby assumes and agrees to perform punctually, as of the Effective Date, all of the responsibilities, duties and liabilities of the Special Servicer under the PSA that arise on and after the Effective Date. The undersigned hereby makes, as of the date hereof, the representations and warranties applicable to the Special Servicer set forth in Section 2.04(b) of the PSA mutatis mutandis with all references to “Agreement” in Section 2.04(b) of the PSA 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: LNR Partners, LLC is a duly formed limited liability company, validly existing in active status under the laws of the State of Florida. The undersigned further represents and warrants that it is a Qualified Replacement Special Servicer under the PSA and an Approved Servicer under the PSA and Co-Lender Agreements.
LNR Partners, LLC’s address for notices pursuant to Section 12.05 of the PSA is as follows:
LNR Partners, LLC
2340 Collins Avenue, Suite 700
Miami Beach, Florida 33139
Attention: Heather Bennet and Job Warshaw – BMARK 2019-B13
Facsimile number (305) 695-5601
E-mail: LNR.CMBS.Notices@lnrproperty.com,
hbennet@starwood.com and jwarshaw@lnrpartners.com
Sincerely,
LNR PARTNERS, LLC
By: /s/ Job Warshaw
Name: Job Warshaw
Title: President
2340 Collins Avenue • Miami Beach, Florida 33139
Telephone: (305) 695-5600 • Fax: (305) 695-5601