Morgan Stanley Capital I Trust 2016-UBS9 Announces Special Servicer Change to C‑IV AM

What Happened
Morgan Stanley Capital I Trust 2016-UBS9 filed an 8‑K (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 related pari passu/subordinate notes under the MSBAM 2016‑C28 pooling and servicing agreement, effective September 1, 2026. The change follows Greystone Servicing Company LLC’s sale and conveyance of substantially all assets of its special servicing division to C‑IV AM; C‑IV AM assumed the special servicing duties, responsibilities and related liabilities following the closing. Greystone’s named special‑servicer portfolio (excluding two CLOs) is being transferred to C‑IV AM as of that date.

Key Details

• Effective date: September 1, 2026; change reported in an 8‑K filed Sept 1, 2026.
• Affected loan: Princeton Pike Corporate Center mortgage loan and related promissory notes under the MSBAM 2016‑C28 PSA.
• Transaction: Greystone sold substantially all special servicing assets to C‑IV AM; substantially all key special‑servicing employees moved to C‑IV AM.
• C‑IV AM credentials: special servicer ratings MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P’s Select Servicer list (ranked “Average; Ranking Watch Positive”).
• Portfolio & experience: As of 6/30/2026 Greystone was named special servicer on ~60 transactions (~1,928 first‑lien loans; ~$20.7B aggregate principal). C‑IV (including predecessors) has resolved ~6,017 assets with ~$60.7B aggregate principal since 2002. Actively specially serviced portfolio reported ~$2.1B as of 6/30/2026.
• Operations: Servicing remains governed by the applicable PSA; C‑IV AM states it has policies, continuity plans, no servicer default/termination history, and currently no plans to engage sub‑servicers.

Why It Matters
A change in special servicer affects who manages troubled loans, enforcement actions and workout or liquidation strategies—key tasks for protecting certificateholders’ interests. For this trust the servicing remains subject to the same PSA, and C‑IV AM took on Greystone’s special‑servicing staff and processes, which the filing presents as continuity of operations. C‑IV AM’s industry ratings and the disclosed portfolio experience are provided to show capability; investors should note the transfer of responsibilities, the effective date (Sept 1, 2026), and that any material changes to servicing practices would be governed by the PSA and reported if required.