Morgan Stanley BofA Merrill Lynch Trust 2016-C29: Special Servicer Change

What Happened
Morgan Stanley BofA Merrill Lynch Trust 2016-C29 filed an 8‑K on Sept. 1, 2026 announcing that C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for the Princeton Pike Corporate Center mortgage loan and the related pari passu and/or subordinate promissory notes (the “Applicable Non‑Serviced Loan Combination”). On Sept. 1, 2026 Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C‑IV AM (the “Sale Transaction”), and C‑IV AM assumed the special servicer duties, responsibilities and liabilities under the related servicing agreement following closing. The servicing of the Applicable Non‑Serviced Loan Combination remains governed by the applicable pooling and servicing agreement (the “Applicable PSA”) for the MSBAM 2016‑C28 securitization.

Key Details

• Effective date: September 1, 2026 — C‑IV Asset Management LLC becomes special servicer for the Princeton Pike Corporate Center loan and related notes.
• Sale Transaction: Greystone sold substantially all assets of its special servicing division to C‑IV AM on Sept. 1, 2026; C‑IV AM assumed post‑closing special servicer obligations.
• Organization and staffing: C‑IV AM is a Delaware LLC and a wholly‑owned subsidiary of C‑IV Capital Partners LLC; substantially all key employees who handled Greystone’s special servicing moved to C‑IV AM or an affiliate and continue performing the same duties.
• Servicing framework: Servicing and administration continue to be governed by the Applicable PSA (MSBAM 2016‑C28); C‑IV AM will handle special servicing, related REO matters, and certain material reviews when the loan is not specially serviced.

Why It Matters
This filing notifies investors of an operational change in who handles special servicing for a specific loan within the related securitization structure. Because the servicing rights and procedures remain governed by the existing PSA and many of the same employees moved to C‑IV AM, the filing indicates continuity of servicing operations rather than a change in contractual terms. The 8‑K does not disclose any immediate financial impact or changes to cash flows; it documents a change in the party responsible for special servicing and related administration.