Office · Reading, Pennsylvania
Green Hills Corporate Center
Public CMBS trusts hold $61.5M of the loan on Green Hills Corporate Center at 4.35% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $61,500,000
- Original balance (same notes)
- $61,500,000
- Interest rate
- 4.35% fixed
- Originated
- April 30, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2675 Morgantown Road, Reading, PA 19607
- Rentable area
- 584,386 sq ft
- Built
- 1970
- Largest tenants
- Penske; USAS Office & Shop; Compass Group
- Value at securitization
- $97.0M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.50x | 2.24x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $6.8M | $12.2M |
| Debt yield | 19.9% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the GS Mortgage Securities Trust 2019-GC40 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage down 0.25x or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 80% above the underwritten figure ($12.2M a year against $6.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.50x at securitization to 2.24x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $11.5M | Current | No | 2.24x | 100% |
| September 2026 | $61.5M | Current | No | 1.97x | 100% |
| August 2026 | $61.5M | Current | No | 1.97x | n/a |
| July 2026 | $61.5M | Current | No | 1.97x | n/a |
| June 2026 | $61.5M | Current | No | n/a | n/a |
| May 2026 | $61.5M | Current | No | n/a | n/a |
| April 2026 | $61.5M | Current | No | 2.36x | 100% |
| March 2026 | $61.5M | Current | No | 2.36x | 100% |
| February 2026 | $61.5M | Current | No | 2.36x | 100% |
| January 2026 | $61.5M | Current | No | 2.36x | 100% |
| December 2025 | $61.5M | Current | No | 2.35x | 100% |
| November 2025 | $61.5M | Current | No | 2.35x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2019-B11 Mortgage Trust | 7 | $50,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| GS Mortgage Securities Trust 2019-GC40 | 24 | $11,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Pennsylvania loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Broadcasting Square | Wyomissing, PA | Retail | $62.0M | 3.16% | Nov 2029 | 4.48x | 97% | Current |
| Kenhorst Plaza | Reading, PA | Retail | $16.5M | 7.04% | Nov 2029 | 1.46x | 98% | Current |
| Shelbourne Square | Reading, PA | Retail | $11.2M | 3.963% | Dec 2029 | 2.35x | 95% | Current |
| Shillington Shopping Center | Reading, PA | Retail | $7.1M | 5.20% | Feb 2029 | 2.04x | 100% | Current |
| Maxatawny Marketplace | Kutztown, PA | Retail | $6.8M | 5.20% | Mar 2029 | 2.18x | 100% | Current |
| Weis Plaza | Kutztown, PA | Retail | $4.8M | 5.44% | Feb 2029 | 1.58x | 98% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.