10-D 1 d39896d10d.htm FORM 10-D Form 10-D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-D

 

 

ASSET-BACKED ISSUER DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

October 14, 2015 to November 13, 2015

Commission File Number of issuing entity: 333-189017-08

 

 

Citigroup Commercial Mortgage Trust 2015-GC29

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-189017

Citigroup Commercial Mortgage Securities Inc.

(Exact name of depositor as specified in its charter)

Citigroup Global Markets Realty Corp.

Goldman Sachs Mortgage Company

Rialto Mortgage Finance, LLC

FCRE REL, LLC

(Exact name of sponsor as specified in its charter)

 

 

New York

(State or other jurisdiction of incorporation

or organization of the issuing entity)

47-3737451

47-3720890

47-6961976

(I.R.S. Employer

Identification No.)

 

c/o Citibank, N.A.

388 Greenwich Street, 14th Floor

New York, New York

  10013
(Address of principal executive offices of the issuing entity)   (Zip Code)

(212) 816-5693

(Telephone number, including area code)

 

 

 

     Registered/reporting pursuant to
(check one)
   Name of
exchange
(If Section 12(b))

Title of class

   Section 12(b)    Section 12(g)    Section 15(d)   

A-1

   ¨    ¨    x    Not Applicable

A-2

   ¨    ¨    x    Not Applicable

A-3

   ¨    ¨    x    Not Applicable

A-4

   ¨    ¨    x    Not Applicable

A-AB

   ¨    ¨    x    Not Applicable

X-A

   ¨    ¨    x    Not Applicable

X-B

   ¨    ¨    x    Not Applicable

A-S

   ¨    ¨    x    Not Applicable

B

   ¨    ¨    x    Not Applicable

PEZ

   ¨    ¨    x    Not Applicable

C

   ¨    ¨    x    Not Applicable

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

 

 

 


PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On November 13, 2015, a distribution was made to holders of the certificates issued by Citigroup Commercial Mortgage Trust
2015-GC29.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Citigroup Commercial Mortgage Securities Inc. (the “Depositor”) and held by Citigroup Commercial Mortgage Trust 2015-GC29 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D.

The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 (“Rule 15Ga-1”) on February 17, 2015. The CIK number of the Depositor is 0001258361.

Citigroup Global Markets Realty Corp. (“CGMRC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 17, 2015. The CIK number of CGMRC is 0001541001.

Goldman Sachs Mortgage Company (“GSMC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on November 16, 2015. The CIK number of GSMC is 0001541502.

Rialto Mortgage Finance, LLC (“Rialto”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 6, 2015. The CIK Number of Rialto is 0001592182.

FCRE REL, LLC (“FCRE”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on August 6, 2015. The CIK number of FCRE is 0001636352.

PART II – OTHER INFORMATION

 

Item 2. Legal Proceedings.

No information to report for the monthly distribution period covered by this distribution report on Form 10-D.

 

Item 3. Sales of Securities and Use of Proceeds.

None

 

Item 4. Defaults Upon Senior Securities.

None


Item 5. Submission of Matters to a Vote of Security Holders.

None

 

Item 6. Significant Obligors of Pool Assets.

The portfolio of properties securing the Selig Office Portfolio mortgage loan constitutes a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the Prospectus Supplement for Citigroup Commercial Mortgage Trust 2015-GC29 filed on April 15, 2015. With respect to the portfolio of properties securing the Selig Office Portfolio mortgage loan, the most recent unaudited net operating income was $23,986,188 from January 1, 2015 through September 30, 2015.

 

Item 7. Significant Enhancement Provider Information.

None

 

Item 8. Other Information.

The mortgage loan secured by the mortgaged property identified on Annex A to the Prospectus Supplement for Citigroup Commercial Mortgage Trust 2015-GC29, filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2015, as Eastmont Town Center (the “Eastmont Town Center Mortgage Loan”) is part of a loan combination (the “Eastmont Town Center Loan Combination”) comprised of the subject mortgage loan included in the issuing entity and one pari passu companion loan (the “Eastmont Town Center Companion Loan”) that is held outside the issuing entity, all of which are secured by the same mortgage or deed of trust encumbering the same mortgaged property. During the period from April 15, 2015 (the “Closing Date”) to October 29, 2015, the Eastmont Town Center Loan Combination was serviced pursuant to the pooling and servicing agreement governing the issuance of the Citigroup Commercial Mortgage Trust 2015-GC29, Commercial Mortgage Pass-Through Certificates, Series 2015-GC29, which was filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed with the SEC on July 17, 2015.

On October 29, 2015, the Eastmont Town Center Companion Loan was included in the mortgage pool backing the JPMBB Commercial Mortgage Securities Trust 2015-C32, Commercial Mortgage Pass-Through Certificates, Series 2015-C32 (the “JPMBB 2015-C32 certificates”), and from and after October 29, 2015, the Eastmont Town Center Loan Combination has been (and is expected to continue to be) serviced pursuant to the pooling and servicing agreement governing the issuance of the JPMBB 2015-C32 certificates, dated as of October 1, 2015 (the “JPMBB 2015-C32 PSA”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor (the “JPMBB 2015-C32 Depositor”), Wells Fargo Bank, National Association, as master servicer (the “JPMBB 2015-C32 Master Servicer”), LNR Partners, LLC, as special servicer (the “JPMBB 2015-C32 Special Servicer”), Wilmington Trust, National Association, as trustee (the “JPMBB 2015-C32 Trustee”), Wells Fargo Bank, National Association, as certificate administrator, and Pentalpha Surveillance LLC, as senior trust advisor. The JPMBB 2015-C32 Master Servicer and the JPMBB 2015-C32 Special Servicer are responsible for servicing the Eastmont Town Center Mortgage Loan and administering the related mortgaged property, and the JPMBB 2015-C32 Trustee is the mortgagee of record with respect to the Eastmont Town Center Mortgage Loan.

The JPMBB 2015-C32 PSA, in the form most recently filed with the SEC by the JPMBB 2015-C32 Depositor, was filed as Exhibit 4 to the registrant’s Current Report on Form 8-K dated October 29, 2015, and filed by the registrant on October 30, 2015, and is incorporated by reference herein.

 

Item 9. Exhibits.

(a) The following is a list of documents filed as part of this Form 10-D:

(99.1): Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2015-GC29, relating to the November 13, 2015 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.

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 thereunto duly authorized.

 

Citigroup Commercial Mortgage Securities Inc.
(Depositor)

/s/ Paul Vanderslice

Paul Vanderslice, President
Date: November 20, 2015

EXHIBIT INDEX

 

Exhibit
Number
   Description
Exhibit 99.1    Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2015-GC29, relating to the November 13, 2015 distribution.