C-IV Asset Management replaces Greystone as special servicer for BBCMS 2023-5C23

BBCMS Mortgage Trust 2023-5C23

Greystone sold special servicing division to C-IV AM on Sept 1, 2026; C-IV AM assumes all duties for 11 West 42nd Street loan.
C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch); on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
As of June 30, 2026, Greystone's portfolio: 60 transactions, $20.7B UPB, 1,928 loans; 33 CMBS deals, $14.2B.
Active special servicing: 108 assets, $2.1B UPB; C-IV AM has resolved 6,017 assets since 2002 totaling $60.7B.

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