Greystone special servicing division sold to C-IV AM; assumes servicer role for BBCMS 2023-C21

BBCMS Mortgage Trust 2023-C21

Greystone sold its special servicing division to C-IV Asset Management LLC effective Sept 1, 2026; C-IV AM assumed all special servicer duties for the 11 West 42nd Street Mortgage Loan.
C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners LLC; key Greystone special servicing employees transferred to C-IV AM.
As of June 30, 2026, transferred portfolio: ~60 transactions, ~1,928 first-lien loans, ~$20.7B aggregate principal; ~$2.1B in active special servicing.
C-IV AM holds ratings MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list ranked 'Average; Ranking Watch Positive'.
C-IV AM has no servicer event of default or termination event; no material legal proceedings pending.

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