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: August 27, 2024
(Date of earliest event reported)
Central Index Key Number of the issuing entity: 0001840644
Benchmark 2021-B23 Mortgage Trust
(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)
JPMorgan Chase Bank, National Association
(Central Index Key Number: 0000835271)
Goldman Sachs Mortgage Company
(Central Index Key Number: 0001541502)
German American Capital Corporation
(Central Index Key Number: 0001541294)
(Exact name of sponsors as specified in its charter)
New York the issuing entity) | 333-228597-08 (Commission File Number of the issuing entity) | 86-2245366 86-2230607 (I.R.S. Employer Identification Numbers) |
c/o Citibank, N.A.
as Certificate Administrator
388 Greenwich Street Trading, 4th Floor
New York, New York
(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 |
|
|
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 Grace Building mortgage loan, an asset of Benchmark 2021-B23 Mortgage Trust (the “Issuing Entity”), is being serviced pursuant to the trust and servicing agreement, dated as of November 18, 2020 (the “GRACE 2020-GRCE TSA”), by and among Banc of America Merrill Lynch Large Loan, Inc., as depositor, Wells Fargo Bank, National Association, as servicer, Situs Holdings, LLC, as special servicer, Wilmington Trust, National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor, which governs the issuance of the GRACE Trust 2020-GRCE, Commercial Mortgage Pass-Through Certificates, Series 2020-GRCE. The GRACE 2020-GRCE TSA was filed as Exhibit 4.3 to the Current Report on Form 8-K with respect to the Issuing Entity, filed on February 18, 2021 under Commission File No. 333-228597-08.
Effective as of August 27, 2024, Situs Holdings, LLC has been terminated as special servicer under the GRACE 2020-GRCE TSA, and LNR Partners, LLC has been appointed to act as successor special servicer under the GRACE 2020-GRCE TSA. A copy of the related Acknowledgement and Acceptance of Special Servicer, dated August 27, 2024 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 February 1, 2021 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 February 18, 2021 under Commission File No. 333-228597-08.
Item 9.01. | Financial Statements and Exhibits. | |
(d) | Exhibits | |
Exhibit No. | Description | |
Exhibit 20.1 | Acknowledgement and Acceptance of Special Servicer, dated August 27, 2024 |
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: August 27, 2024