Morgan Stanley Capital I Trust 2016-UBS11 Changes Special Servicer to C‑IV AM

What Happened
Morgan Stanley Capital I Trust 2016-UBS11 filed an 8-K (Item 6.02) on September 1, 2026, announcing that C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for the MSC 2016-UBS11 securitization effective September 1, 2026. Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C‑IV AM in a sale transaction, and C‑IV AM assumed the special servicer duties, responsibilities and liabilities arising after closing.

Key Details

• Effective date: September 1, 2026; C‑IV AM assumed special servicing duties following Greystone’s sale of its special servicing division.
• Portfolio scope (Greystone as of 6/30/2026): ~60 transactions (excl. 2 CLOs), ~1,928 first‑lien loans, aggregate stated principal ≈ $20.7 billion; CMBS portion: 33 transactions, ~774 loans, ≈ $14.2 billion.
• Actively specially serviced portfolio (C‑IV predecessor figures): approx. $2.1 billion unpaid principal balance as of 6/30/2026.
• C‑IV AM profile: wholly owned by C‑IV Capital Partners LLC; key servicing staff from Greystone transferred to C‑IV AM; ratings include Morningstar DBRS “MOR CS2”, Fitch “CSS2”, and listed on S&P’s Select Servicer list (“Average; Ranking Watch Positive”).
• Other facts: C‑IV AM does not expect its financial condition to materially affect pool performance; it has not been subject to servicer defaults in prior CMBS/multifamily special servicing roles and has no material litigation pending related to servicing.

Why It Matters
The filing documents a change in the party responsible for handling troubled loans in this securitization. Special servicers make enforcement and workout decisions (foreclosure, sales, workouts) that can affect recoveries and timing of cash flows to certificateholders. The transfer includes many of the same employees and established policies, and C‑IV AM’s published ratings and historical servicing record are provided in the filing to show operational continuity and experience. The filing states there are no known material legal proceedings and no expectation that C‑IV AM’s financial condition will materially impact pool or certificate performance.