other material
confidence high
sentiment neutral
materiality 0.50
Greystone sells special servicing unit to C-IV AM; C-IV AM becomes special servicer for BBCMS 2019-C4 loan
BBCMS Mortgage Trust 2019-C4
- Effective Sept 1, 2026, C-IV Asset Management LLC acquired Greystone's special servicing division and assumed special servicer duties for ExchangeRight Net Leased Portfolio #27 loan.
- C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners; key Greystone special servicing employees transferred to C-IV AM.
- C-IV AM rated MOR CS2 by Morningstar DBRS, CSS2 by Fitch, and on S&P Select Servicer list (Average; Ranking Watch Positive).
- As of June 30, 2026, Greystone's named special servicing portfolio: 60 transactions, 1,928 loans, $20.7B UPB; active special servicing $2.1B across 108 assets.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer event of default or termination in its history.