CMBS special servicer
K-Star Asset Management
The latest distribution reports of 45 public CMBS trusts name K-Star Asset Management as their general special servicer. Those trusts hold $31.8B of loans, 8.2% of it with a special servicer.
These are trust-level parties. A loan split across several trusts is serviced under one of their agreements, and some loans have a servicer of their own, so the firm a trust names is not always the servicer of a given loan. cmbs.news names a loan's special servicer only where one note in one trust holds the loan whole and that trust's report names exactly one: 50 loans in these trusts meet that rule, and for each cmbs.news names K-Star Asset Management.
Special servicing in these trusts
89 loans with a piece in these trusts are with a special servicer in the October 2026 filings. 35 of them moved to special servicing in the 12 months to October 2026, and 12 loans in these trusts went back to the master servicer in that time.
| Workout strategy reported | Loans | Balance in these trusts |
|---|---|---|
| Foreclosure | 36 | $925.6M |
| Other | 25 | $835.5M |
| REO | 11 | $284.3M |
| DPO | 2 | $155.0M |
| Full Payoff | 4 | $131.6M |
| TBD | 3 | $125.5M |
| Modification | 2 | $39.6M |
| Bankruptcy | 3 | $31.1M |
| Note sale | 1 | $30.0M |
| Deed-in-lieu of Foreclosure | 1 | $25.0M |
| Pending return to master servicer | 1 | $16.6M |
The loans with a special servicer
The 25 largest of 89. Open this list in the screener to sort and narrow it. The free screener shows the first 25 rows of a report; Pro shows every row, with a CSV.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Starwood Hotel Portfolio | 22 properties | Hotel | $265.0M | 5.15% | Sep 2028 | 0.93x | 63% | With the special servicer |
| Parkmerced | San Francisco, CA | Multifamily | $260.0M | 2.725% | Dec 2024 | 0.84x | 80% | Past maturity and not performing |
| Lafayette Centre | Washington, DC | Office | $243.0M | 4.246% | Mar 2027 | 1.92x | 73% | With the special servicer |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| Saint Louis Galleria | Saint Louis, MO | Retail | $228.7M | 4.997% | Nov 2028 | 1.00x | 86% | With the special servicer |
| 1100 First Street NE and 1 other property | Washington, DC | Office | $211.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| First Stamford Place | Stamford, CT | Office | $164.0M | 4.088% | Jul 2027 | 1.96x | 80% | With the special servicer |
| GSK R&D Centre | Rockville, MD | Office | $138.0M | 3.945% | Jan 2027 | 7.84x | 100% | With the special servicer |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| 90 Hudson | Jersey City, NJ | Office | $130.0M | 4.14% | Nov 2027 | 0.20x | 38% | With the special servicer and 90+ days delinquent |
| 20 Times Square | New York, NY | Mixed use | $129.5M | 3.108% | May 2026 | 4.15x | 100% | Past maturity and not performing |
| Riverfront Plaza | Richmond, VA | Office | $129.0M | 5.066% | May 2028 | 1.57x | 78% | With the special servicer and 90+ days delinquent |
| 250 Livingston Street | Brooklyn, NY | Office | $125.0M | 3.63% | Jun 2029 | 2.55x | n/a | With the special servicer and 90+ days delinquent |
| 85 Tenth Avenue | New York, NY | Office | $125.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 111 Livingston Street | Brooklyn, NY | Office | $120.0M | 4.73% | Jan 2027 | 0.53x | 100% | With the special servicer |
| 6625 78th Street West | Bloomington, MN | Office | $120.0M | 5.372% | Jul 2025 | 1.39x | 72% | Past maturity and not performing |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | 1.50x | 100% | With the special servicer |
| 1350 West Middlefield Road and 9 other properties | Mountain View, CA | Mixed use | $109.2M | 4.30% | Jun 2024 | n/a | n/a | With the special servicer |
| The Colonnade Office Complex | Addison, TX | Office | $105.0M | 4.568% | Feb 2024 | 2.51x | 70% | Past maturity and not performing |
| 90 Fifth Avenue | New York, NY | Mixed use | $104.5M | 4.307% | Jul 2027 | 0.17x | 3% | With the special servicer and 90+ days delinquent |
| Larkspur Landing Sunnyvale and 64 other properties | Sunnyvale, CA | Hotel | $100.4M | 4.486% | Jun 2027 | n/a | n/a | With the special servicer |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 1384 Broadway | New York, NY | Office | $88.0M | 4.84% | Jan 2027 | 0.97x | 78% | With the special servicer |
| North Point Tower | Cleveland Hts, OH | Office | $86.4M | 3.30% | Sep 2024 | 3.09x | 80% | With the special servicer |
| 315-325 W 36th Street | New York, NY | Office | $77.0M | 4.505% | Mar 2028 | -0.74x | 2% | With the special servicer and 90+ days delinquent |
Balances in this list are whole loans; the totals above count only these trusts' pieces.
The 45 trusts that name K-Star Asset Management special servicer
Master servicer: Midland Loan Services (26)
- Benchmark 2024-V7 Mortgage Trust
- Benchmark 2023-V4 Mortgage Trust
- Benchmark 2023-B39 Mortgage Trust
- Benchmark 2022-B36 Mortgage Trust
- Benchmark 2022-B33 Mortgage Trust
- BMO 2022-C3 Mortgage Trust
- BBCMS Mortgage Trust 2022-C14
- BBCMS Mortgage Trust 2021-C9
- GS Mortgage Securities Trust 2020-GC45
- Benchmark 2020-B17 Mortgage Trust
- BBCMS Mortgage Trust 2020-C6
- Morgan Stanley Capital I Trust 2019-H6
- GS Mortgage Securities Trust 2019-GC42
- CF 2019-CF3 Mortgage Trust
- Benchmark 2019-B14 Mortgage Trust
- BENCHMARK 2019-B12 MORTGAGE TRUST
- BBCMS Mortgage Trust 2019-C3
- UBS CMT 2018-C15
- UBS CMT 2018-C12
- Morgan Stanley Capital I Trust 2018-L1
- BENCHMARK 2018-B3 CMT
- UBS CMT 2017-C5
- JPMDB CMST 2017-C7
- GS Mortgage Securities Trust 2017-GS6
- DBJPM 2017-C6 Mortgage Trust
- CD 2017-CD3 Mortgage Trust
Master servicer: Trimont (15)
- BBCMS Mortgage Trust 2025-5C36
- BANK5 2025-5YR18
- BANK5 2025-5YR13
- Benchmark 2024-V12 Mortgage Trust
- BANK5 2024-5YR5
- Wells Fargo CMT 2021-C60
- Wells Fargo CMT 2020-C57
- Wells Fargo CMT 2020-C56
- Morgan Stanley Capital I Trust 2020-HR8
- Wells Fargo CMT 2019-C53
- Wells Fargo CMT 2019-C49
- GS Mortgage Securities Trust 2019-GC38
- Wells Fargo CMT 2018-C47
- Wells Fargo CMT 2018-C43
- GS Mortgage Securities Trust 2017-GS8
Master servicer: KeyBank (2)
Master servicer not read yet (2)
Servicer names are as each trust's latest Form 10-D distribution report prints them, filed October 22, 2026 to November 2, 2026, with a firm's spellings grouped; each trust's page links its report. Loan figures are from the trusts' ABS-EE filings for October 2026. Trusts whose servicers cmbs.news does not read yet are not counted here; the servicers page lists them with every firm the trusts name.
Following these trusts?
Pro shows every row of every list, with a CSV. Save the specially serviced loans in these trusts as a screen and get an email, usually the morning after a filing lands, when one of them changes.