other material
confidence high
sentiment neutral
materiality 0.25
LNR Partners appointed special servicer for four mortgage loans in CGCMT 2016-GC36 trust
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-GC36
- Greystone Servicing Company LLC terminated as special servicer; LNR Partners, LLC appointed successor effective Dec 26, 2024.
- Affects four loans: Glenbrook Square, Westin Boston Waterfront, South Plains Mall, GSA Portfolio.
- LNR Partners is a subsidiary of Starwood Property Trust (STWD).
- LNR has 26+ years of CMBS special servicing experience; currently services 194 domestic pools with $109.9B face value.
- No material changes to servicing policies; no servicing defaults or terminations in past three years.