UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2021~~2022 or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission file number of the issuing entity: 333-172143-08

Central Index Key Number of the issuing entity: 0001561727

COMM 2012-CCRE5 Mortgage Trust

(exact name of the issuing entity as specified in its charter)

Central Index Key Number of the depositor: 0001013454

Deutsche Mortgage & Asset Receiving Corporation

(exact name of the depositor as specified in its charter)

Central Index Key Number of the sponsor: 0001541294

German American Capital Corporation

(exact name of the sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001558761

Cantor Commercial Real Estate Lending, L.P.

(exact name of the sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001089877

KeyBank National Association

(exact name of the sponsor as specified in its charter)

New York
(State or other jurisdiction of
incorporation or organization of

the issuing entity)

38-3891394

38-3891395

38-7064536

(I.R.S. Employer

Identification Numbers)

c/o ~~Wells~~Computershare ~~Fargo~~Trust ~~Bank~~Company, National Association, as agent for

Wells Fargo Bank, National Association

as Certificate Administrator

9062 Old Annapolis Road

Columbia, MD

(Address of principal executive offices of the issuing entity)

21045

(Zip Code)

Registrant’s telephone number, including area code:

(212) 250-2500

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None

Securities registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. o Yes ⌧ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes ⌧ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ⌧ Yes o No

Indicate by check mark whether the registrant has submitted electronically ~~and posted on its corporate Web site, if any,~~ every Interactive Data File required to be submitted ~~and posted~~ pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit ~~and post~~ such files).

Not applicable.

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Not applicable.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o

Non-accelerated filer ⌧ (Do not check if a smaller reporting company) Smaller reporting company o

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. o

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). o Yes ⌧ No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. o Yes o No

Not applicable.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

Not applicable.

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).

Not applicable.

EXPLANATORY NOTES

The Exhibit Index describes exhibits provided by certain parties (in their capacities indicated on the Exhibit Index) with respect to the Eastview Mall and Commons Mortgage Loan, which constituted approximately 7.9% of the asset pool of the issuing entity as of its cut-off date. The Eastview Mall and Commons Mortgage Loan is an asset of the issuing entity and is part of a loan combination that includes the Eastview Mall and Commons Mortgage Loan and one other pari passu loan, which is not an asset of the issuing entity. The other pari passu portion of the loan combination was securitized in the COMM 2012-CCRE4 Mortgage Trust transaction, Commission File Number 333-172143-07 (the “COMM 2012-CCRE4 Transaction”). This loan combination, including the Eastview Mall and Commons Mortgage Loan, is being serviced and administered pursuant to the pooling and servicing agreement for the COMM 2012-CCRE4 Transaction, which is incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K.

The master servicer of a pooling and servicing agreement or trust and servicing agreement also functions as the primary servicer of the related mortgage loans serviced and administered pursuant to such agreement unless a separate primary servicer is identified herein. If this report does not identify a separate primary servicer, the servicer compliance statement provided by the master servicer under any such agreement also encompasses its responsibilities as primary servicer of the related mortgage loan or mortgage loans.

Wells Fargo Bank, National Association is the certificate administrator of the mortgage loans serviced under the Pooling and Servicing Agreement and the primary servicer of the Eastview Mall and Commons Mortgage Loan. As a result, Wells Fargo Bank, National Association is a “servicer” as defined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities described above, because it is servicing mortgage loans that constituted 10% or more of the assets of the issuing entity as of its cut-off date. The assessments of compliance with applicable servicing criteria, accountants’ attestation reports and servicer compliance statements delivered by Wells Fargo Bank, National Association in the capacities described above are listed in the Exhibit Index.

U.S. Bank National Association acts as trustee of the Eastview Mall and Commons Mortgage Loan prior to October 17, 2022, and U.S. Bank Trust Company, National Association acts as trustee of the Eastview Mall and Commons Mortgage Loan prior to on and after October 17, 2022. Pursuant to the pooling and servicing agreement for the COMM 2012-CCRE4 Transaction, the trustee is required to provide an assessment of compliance with applicable servicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements). However, during the reporting period, the trustee did not perform any servicing function with respect to the servicing criteria specified in Item 1122(d)(2)(iii) of Regulation AB. The master servicer or the special servicer, to the extent required, performed the servicing function identified with respect to Item 1122(d)(2)(iii) of Regulation AB, and each such party included Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliance with applicable servicing criteria and accountant’s attestation report for the subject transaction. As a result, this Annual Report on Form 10-K does not include an assessment of compliance with applicable servicing criteria of the trustee. One or more other servicers of the Eastview Mall and Commons Mortgage Loan have delivered one or more assessments of compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

This Annual Report on Form 10-K includes assessments of compliance with applicable servicing criteria and accountants’ attestation reports from CoreLogic Solutions, LLC. This entity was engaged by the primary servicer of the Eastview Mall and Commons Mortgage Loan to remit tax payments received from the escrow accounts of borrowers to local taxing authorities, to report tax amounts due, to verify tax parcel information, and to verify non-escrow tax payments. These servicing functions are included within the servicing criteria set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB. Therefore, under the principles-based definition of “servicer” set forth in Item 1101(j) of Regulation AB that looks to the functions that an entity performs, this vendor is a “servicer” for the purposes of Item 1122 of Regulation AB. See Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

This Annual Report on Form 10-K includes an assessment of compliance with applicable servicing criteria, accountants’ attestation report and servicer compliance statement from Computershare Trust Company, National Association (“CTCNA”). CTCNA was engaged by Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as certificate administrator and custodian, to perform certain specified servicing functions identified in the assessment of compliance with applicable servicing criteria and accountants’ attestation reports. Wells Fargo engaged CTCNA in connection with the sale of Wells Fargo’s corporate trust services business to CTCNA and its affiliates. Further, under the principles-based definition of “servicer” set forth in Item 1101(j) of Regulation AB that looks to the functions that an entity performs, this party is a “servicer” for the purposes of Item 1123 of Regulation AB. See Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

The assessment of compliance with applicable servicing criteria, accountants’ attestation report and servicer compliance statement of the certificate administrator of the Eastview Mall and Commons Mortgage Loan is omitted from this Annual Report on Form 10-K as the certificate administrator pursuant to the related pooling and servicing agreement or trust and servicing agreement does not perform any activities that address servicing criteria with respect to the issuing entity and because it is not a “servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the pari passu loan combination that includes the Eastview Mall and Commons Mortgage Loan, the servicer compliance statement of Rialto Capital Advisors, LLC as special servicer of the Eastview Mall and Commons Mortgage Loan, listed on the Exhibit Index is omitted from this Annual Report on Form 10-K as it is not required by Item 1123 of Regulation AB to be included on this Annual Report on Form 10-K because it is an unaffiliated party that is not a “servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

PART I

Item 1. Business.

Omitted.

Item 1A. Risk Factors.

Omitted.

Item 1B. Unresolved Staff Comments.

None.

Item 2. Properties.

Omitted.

Item 3. Legal Proceedings.

Omitted.

Item 4. Mine Safety Disclosures.

Not applicable.

PART II

Omitted.

Item 6. ~~Selected Financial Data.~~

~~Omitted.~~[Reserved]

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Omitted.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Omitted.

Item 8. Financial Statements and Supplementary Data.

Omitted.

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

Omitted.

Item 9A. Controls and Procedures.

Omitted.

Item 9B. Other Information.

None.

~~PART~~Item ~~III~~9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

Omitted.

Item 11. Executive Compensation.

Omitted.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Omitted.

Item 14. Principal ~~Accounting~~Accountant Fees and Services.

Omitted.

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.

No single obligor represents 10% or more of the pool assets held by the issuing entity.

Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.

No entity or group of affiliated entities provides any external credit enhancement or other support for the certificates within this transaction as described under Item 1114(a) of Regulation AB.

Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).

No entity or group of affiliated entities provides any derivative instruments or other support for the certificates within this transaction as described under Item 1115 of Regulation AB.

Item 1117 of Regulation AB, Legal Proceedings.

The registrant knows of no material pending legal proceeding involving the trust or any party related to the trust, other than routine litigation incidental to the duties of those respective parties, and the following, with respect to U.S. Bank National Association, as ~~Trustee~~trustee, and Wells Fargo Bank, National Association, as ~~Trustee~~certificate administrator, ~~Certificate Administrator~~as trustee and ~~Custodian~~as custodian.

In the last several years, U.S. Bank National Association (“U.S. Bank”) and other large financial institutions have been sued in their capacity as trustee or successor trustee for certain residential mortgage backed securities (“"RMBS”") trusts. The complaints, primarily filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees’ purported failures to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard of care following alleged events of default.

U.S. Bank denies liability and believes that it has ~~performed~~ performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting the plaintiffs’ claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of of the litigation, or the possible impact of these litigations on the trustee or or the RMBS trusts.

On March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the “DSTs”) that issued securities backed by ~~student~~ student loans (the “Student Loans”) filed a lawsuit in the Delaware Court of Chancery against U.S. Bank National Association (“U.S. Bank”) in its capacities as indenture trustee and successor special servicer, and three other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National ~~Ass’n~~Association, et al., C.A. No. 2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”). The complaint, as ~~amended~~ amended on June 15, 2018, alleged that the DSTs have been harmed as a result of purported misconduct or omissions by the defendants concerning administration of of the trusts and special servicing of the Student Loans. Since the filing of of the NCMSLT Action, certain Student Loan borrowers have made assertions ~~against~~ against U.S. Bank concerning special servicing that appear to be based on ~~certain~~ certain allegations made on behalf of the DSTs in the NCMSLT Action.

U.S. Bank ~~has~~believes ~~filed~~that ait ~~motion~~has ~~seeking~~performed ~~dismissal~~its ofobligations ~~the~~as ~~operative~~indenture ~~complaint~~trustee inand ~~its~~special ~~entirety~~servicer ~~with~~in ~~prejudice~~good ~~pursuant~~faith ~~to Chancery Court Rules 12(b)(1)~~ and ~~12(b)(6)~~in ~~or,~~compliance in ~~the~~all material ~~alternative,~~respects awith ~~stay~~the terms of the ~~case~~agreements ~~while other~~governing ~~prior filed disputes involving~~ the DSTs ~~and~~ (the ~~Student Loans are~~ ~~litigated.~~“Governing ~~On November 7~~Agreements”), ~~2018,~~and ~~the~~accordingly ~~Court ruled~~ that the ~~case~~claims ~~should~~against beit ~~stayed~~ in ~~its entirety pending resolution of~~ the ~~first-filed cases. On January 21,~~ ~~2020, the Court entered an order consolidating for pretrial purposes the~~ NCMSLT Action ~~and~~are ~~three~~without ~~other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending~~merit.

U.S. Bank ~~denies~~has ~~liability~~filed ina ~~the~~motion ~~NCMSLT~~seeking ~~Action~~dismissal ~~and~~of ~~believes~~the itoperative ~~has~~complaint ~~performed~~in its ~~obligations~~entirety aswith ~~indenture~~prejudice ~~trustee~~pursuant to Chancery Court Rules 12(b)(1) and ~~special~~12(b)(6) ~~servicer~~or, in the alternative, a stay of the case while ~~good~~other ~~faith~~prior filed disputes involving the DSTs and inthe ~~compliance~~Student inLoans ~~all~~are litigated. On ~~material~~November ~~respects~~7, ~~with~~2018, the ~~terms~~Court ruled that the case should be stayed in its entirety pending resolution of the first-filed cases. On ~~agreements~~January ~~governing~~21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and ~~that~~the itStudent ~~has~~Loans ~~meritorious~~(the ~~defenses~~“Consolidated Action”). U.S. ItBank ~~has~~and other parties to the Consolidated Action have ~~contested~~briefed and ~~intends~~argued motions for judgment on the pleadings pursuant to ~~continue~~Chancery Court ~~contesting~~Rule 12(c) regarding disputed issues of contractual interpretation at issue in one or more of the ~~plaintiffs~~cases comprising the Consolidated Action, including the NCMSLT Action. The Court has not yet ruled on these motions or on U.S. Bank’s ~~claims~~dismissal ~~vigorously~~motion in the NCMSLT Action.

In December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related entities ~~and the National Credit Union Administration (“NCUA”)~~ filed ~~complaints~~a complaint in the United States District Court for the Southern District of New York ~~against Wells Fargo Bank,~~ alleging claims against Wells Fargo ~~Bank~~ Bank, N.A., in its capacity as trustee for a number of residential mortgage-backed securities (RMBS) trusts. Complaints raising similar allegations have been filed by Commerzbank AG in the Southern District of New York and by IKB International and IKB Deutsche Industriebank in New York state court. In each case, the plaintiffs allege that Wells Fargo Bank, N.A., as trustee, caused losses to investors, and plaintiffs assert causes of action based upon, among other things, the trustee’s alleged failure to notify and enforce ~~repurchase~~ repurchase obligations of mortgage loan sellers for purported breaches of ~~representations~~ representations and warranties, notify investors of alleged events of default, and abide by appropriate standards of care following alleged events of default. In ~~Wells~~July ~~Fargo~~2022, the district court dismissed Phoenix Light’s claims and certain ~~Bank~~of ~~previously~~the ~~settled~~claims ~~two~~asserted ~~class~~by ~~action~~Commerzbank ~~lawsuits~~AG, ~~with~~and ~~similar~~subsequently ~~allegations~~entered ~~that~~judgment in ~~were~~each ~~filed~~case in ~~November~~favor ~~2014~~of Wells Fargo Bank, N.A. In August 2022, Phoenix Light and Commerzbank ~~December~~AG ~~2016~~appealed bythe ~~institutional~~district ~~investors~~court’s indecision to the ~~Southern~~ ~~District~~United States Court of ~~New~~Appeals ~~York~~for the Second Circuit. The Company previously settled two class actions filed by institutional investors and ~~New~~an ~~York~~action ~~state~~filed ~~court,~~by ~~respectively~~the National Credit Union Administration with similar allegations. In addition, Park Royal I LLC and Park Royal II LLC have filed ~~complaints~~substantially similar lawsuits in New York state court alleging Wells Fargo Bank, N.A., as trustee, failed to take appropriate actions upon learning of defective mortgage loan documentation. ~~In March 2021, the Company entered into an agreement to resolve the case filed by the NCUA.~~

InItem ~~addition~~1119 ~~to the foregoing cases, in August 2014 and August 2015 Nomura Credit & Capital Inc. (“Nomura”) and Natixis Real Estate Holdings, LLC (“Natixis”) filed a total~~ of ~~seven third-party~~Regulation ~~complaints against Wells Fargo Bank in New York state court. In the underlying first-party actions~~AB, ~~Nomura~~Affiliations and ~~Natixis have been sued for alleged~~Certain ~~breaches~~Relationships ~~of representations~~ and ~~warranties~~Related ~~made in connection with residential mortgage-backed securities sponsored by them~~Transactions. In the third-party actions, Nomura and Natixis allege that Wells Fargo Bank, as master servicer, primary servicer or securities administrator, failed to notify Nomura and Natixis of their own breaches, failed to properly oversee the primary servicers, and failed to adhere to accepted servicing practices. Natixis additionally alleges that Wells Fargo Bank failed to perform default oversight duties. Wells Fargo Bank has asserted counterclaims alleging that Nomura and Natixis failed to provide Wells Fargo Bank notice of their representation and warranty breaches.

~~With~~The ~~respect~~information toregarding ~~each~~this ofItem ~~the~~has ~~foregoing~~been ~~litigations, Wells~~previously ~~Fargo~~provided ~~Bank~~in ~~believes~~a ~~plaintiffs’~~prospectus ~~claims~~supplement ~~are~~of ~~without merit and intends to contest~~ the ~~claims~~Registrant ~~vigorously,~~relating ~~but there can be no assurances as~~ to the ~~outcome of the~~issuing ~~litigations~~entity orfiled ~~the possible impact of the litigations~~ on ~~Wells~~December ~~Fargo~~12, ~~Bank~~2012 ~~or the~~pursuant ~~related~~to ~~RMBS~~Rule ~~trusts~~424(b)(5).

Item ~~1119~~1122 of Regulation AB, ~~Affiliations~~Compliance ~~and~~with ~~Certain~~Applicable ~~Relationships~~Servicing ~~and Related Transactions~~Criteria.

The ~~information~~reports ~~regarding~~on ~~this~~assessments ~~Item~~of ~~has~~compliance ~~been~~with ~~previously~~the servicing ~~provided~~criteria infor aasset-backed ~~prospectus~~securities ~~supplement~~and related attestation reports on such assessments of ~~the~~compliance ~~Registrant~~with ~~relating~~respect to the ~~issuing~~mortgage loans are attached ~~entity~~hereto ~~filed~~under Item 15 to this Annual Report on ~~December~~Form ~~12,~~10-K. ~~2012~~Attached ~~pursuant~~as Schedule II to ~~Rule~~the ~~424~~Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1 to this Annual Report on Form 10-K is a chart identifying the entities participating in a servicing function for the transaction responsible for each applicable servicing criteria set forth in Item 1122(bd)~~(5)~~.

~~Item~~The ~~1122~~reports on assessments of ~~Regulation~~compliance ~~AB,~~with ~~Compliance~~the servicing criteria for asset-backed securities and related attestation reports on such assessments of compliance with ~~Applicable~~respect to the Eastview Mall and Commons ~~Servicing~~Mortgage ~~Criteria~~Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the COMM 2012-CCRE4 Transaction, are attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the pooling and servicing agreement for the COMM 2012-CCRE4 Transaction incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart identifying the entities participating in a servicing function for the COMM 2012-CCRE4 Transaction responsible for each applicable servicing criteria set forth in Item 1122(d).

The ~~reports~~report on ~~assessments~~assessment of compliance ~~with the servicing criteria~~ for ~~asset-backed securities and related attestation reports on such assessments of compliance with respect to~~ the ~~mortgage~~twelve ~~loans are attached~~months ~~hereto~~ended ~~under~~December ~~Item~~31, 152022, tofurnished ~~this~~pursuant ~~Annual Report on Form 10-K. Attached as Schedule II~~ to ~~the~~Item ~~Pooling~~1122 ~~and~~of ~~Servicing~~Regulation ~~Agreement~~AB ~~incorporated~~ by ~~reference as Exhibit~~ ~~4.1~~KeyBank toNational ~~this~~Association ~~Annual~~(“KeyBank”), ~~Report~~as onservicer, ~~Form~~discloses ~~10-K~~that ~~is a chart identifying~~ the ~~entities~~ ~~participating~~following inmaterial ainstance ~~servicing~~of ~~function~~noncompliance ~~for~~occurred ~~the~~with ~~transaction~~respect ~~responsible~~to ~~for each~~its ~~applicable servicing criteria set forth in Item 1122(d).~~platform:

The ~~reports~~examination onperformed ~~assessments~~by ofErnst ~~compliance~~& ~~with~~Young ~~the~~LLP ~~servicing~~identified ~~criteria~~an ~~for~~instance ~~asset-backed~~of ~~securities~~material ~~and~~noncompliance ~~related~~with ~~attestation~~the ~~reports~~servicing oncriteria ~~such~~set forth in ~~assessments~~Item 1122(d)(4)(ix) of ~~compliance~~Regulation ~~with~~AB ~~respect~~applicable to ~~the~~KeyBank ~~Eastview~~during ~~Mall~~the ~~and Commons~~year ~~Mortgage~~ended ~~Loan~~December 31, ~~which~~2022. isDuring ~~being~~compliance ~~serviced~~testing, ~~and~~it ~~administered~~was ~~pursuant~~discovered, tothat ~~the pooling~~not ~~and~~all ~~servicing~~FlexARM ~~agreement~~loan ~~for~~mortgagors ~~the~~were ~~COMM~~offered ~~2012-CCRE4~~loan ~~Transaction,~~rates ~~are~~within ~~attached~~45-60 days before ~~hereto~~the ~~under~~rate ~~Item~~change 15date, toas ~~this~~required ~~Annual~~per ~~Report~~the onrelated ~~Form~~pool ~~10-K~~asset documents. ~~Attached~~Per ~~as Schedule~~the IIrelated tonote, if the ~~pooling~~holder ~~and~~fails ~~servicing~~to ~~agreement~~offer ~~for~~a ~~the~~loan ~~COMM~~rate ~~2012~~within 45-~~CCRE4~~60 ~~Transaction~~days of any ~~incorporated~~change bydate ~~reference~~a asmargin ~~Exhibit~~of 4.2.25% is to ~~this~~be ~~Annual~~used. ~~Report~~Given onthe ~~Form~~notification ~~10-K~~was isnot made to the borrowers, a ~~chart~~3% ~~identifying~~margin ~~the~~was ~~entities~~incorrectly ~~participating~~applied. The noncompliance in Item 1122 (d)(4)(ix) is related to a servicing ~~function~~portfolio ~~for~~which ~~the~~is wholly ~~COMM~~owned ~~2012-CCRE4~~by ~~Transaction~~the ~~responsible~~investor ~~for~~and ~~each~~is ~~applicable~~not ~~servicing~~held ~~criteria set~~in ~~forth~~a inpublicly ~~Item~~traded ~~1122(d)~~security.

~~Item~~The ~~1123~~following remediation procedures have been initiated by KeyBank: (i) the impacted mortgage loans are currently in the process of ~~Regulation~~being identified, AB(ii) investor contact has been initiated, ~~Servicer~~(iii) ~~Compliance~~corrective ~~Statement~~actions are being considered and will be tracked and monitored by senior management, (iv) procedures will be reviewed and revised, if necessary, to include new tracking and action steps to prevent this situation from recurring in the future, and (v) training will be provided to the relevant staff members to prevent a recurrence.

~~The~~Item ~~servicer~~1123 ~~compliance~~of ~~statements~~Regulation ~~are~~AB, ~~attached~~Servicer asCompliance ~~Exhibits to this Annual Report on Form 10-K~~Statement.

~~PART~~The IVservicer compliance statements are attached as Exhibits to this Annual Report on Form 10-K.

~~Item~~PART ~~15. Exhibits, Financial Statement Schedules~~IV

~~(a)~~Item ~~The~~15. ~~following~~Exhibit isand aFinancial ~~list~~Statement ~~of documents filed as part of this Annual Report on Form 10-K:~~Schedules

(1a) ~~Not~~The ~~applicable~~following is a list of documents filed as part of this Annual Report on Form 10-K:

(21) Not applicable

(32) ~~See~~Not ~~below~~applicable

4.1 Pooling and Servicing Agreement, dated as of December 1, 2012, by and among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, Wells Fargo Bank, National Association, as Trustee, Wells Fargo Bank, National Association, as Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC, as Operating Advisor (~~filed~~3) asSee ~~Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on December 27, 2012 under Commission File No. 333-172143-08 and incorporated by reference herein).~~below

4.21 Pooling and Servicing Agreement, dated as of ~~November~~December 1, 2012, by and among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, ~~Wells~~Midland ~~Fargo~~Loan Services, a Division of PNC Bank, National Association, as Master Servicer, ~~Torchlight~~Midland Loan Services, ~~LLC~~a Division of PNC Bank, National Association, as Special Servicer, ~~U.S.~~Wells Fargo Bank , National Association, as Trustee, Wells Fargo Bank, National Association, as Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC, as Operating Advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K /A filed on ~~November~~December 1327, 2012 under Commission File No. 333-172143-0708 and incorporated by reference herein).

31 4.2 ~~Rule~~Pooling ~~13a-14~~and Servicing Agreement, dated as of November 1, 2012, by and among Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Torchlight Loan Services, LLC, as Special Servicer, U.S. Bank National Association, as Trustee, Wells Fargo Bank, National Association, as Certificate Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC, as Operating Advisor (~~d)/15d~~filed as Exhibit 4 to the registrant’s Current Report on Form 8-~~14(d)~~K ~~Certifications~~filed on November 13, 2012 under Commission File No. 333-172143-07 and incorporated by reference herein).

3331 ~~Reports~~Rule ~~on assessment of compliance with servicing criteria for asset~~13a-~~backed securities~~14(d)/15d-14(d) Certifications.

33.1 ~~Midland~~Reports ~~Loan~~on ~~Services,~~assessment ~~a Division~~ of ~~PNC~~compliance ~~Bank, National~~with ~~Association,~~servicing ascriteria ~~Master~~for ~~Servicer~~asset-backed securities.

33.21 Midland Loan Services, a Division of PNC Bank, National Association, as ~~Special~~Master Servicer ~~(see Exhibit 33.1)~~

33.32 ~~Wells~~Midland ~~Fargo~~Loan ~~Bank~~Services, a Division of PNC Bank, National Association, as ~~Trustee and~~Special ~~Certificate~~Servicer ~~Administrator~~(see Exhibit 33.1)

33.43 Wells Fargo Bank, National Association, as Trustee ~~Custodian~~and Certificate Administrator

33.54 ~~Park~~Wells ~~Bridge~~Fargo ~~Lender~~Bank, ~~Services~~National ~~LLC~~Association, as ~~Operating~~ ~~Advisor~~Custodian

33.65 ~~KeyBank~~Park ~~National~~Bridge ~~Association~~Lender ~~(as~~Services ~~successor to KeyCorp Real Estate Capital Markets~~LLC, ~~Inc.),~~ as ~~Primary Servicer~~Operating Advisor

33.76 ~~Computershare~~KeyBank ~~Trust Company,~~ National Association, (as ~~Servicing~~successor ~~Function~~to KeyCorp ~~Participant~~Real ~~for~~Estate ~~the~~Capital ~~Trustee~~Markets, ~~and~~Inc.), ~~Certificate~~as ~~Administrator on~~Primary ~~and after November 1, 2021~~Servicer

33.87 Computershare Trust Company, National Association, as Servicing Function Participant for the ~~Custodian~~Trustee on and ~~after~~Certificate ~~November 1, 2021~~Administrator

33.98 ~~Wells~~Computershare ~~Fargo~~Trust ~~Bank~~Company, National Association, as ~~Primary Servicer~~Servicing ofFunction ~~the~~Participant ~~Eastview~~for ~~Mall~~the ~~and Commons Mortgage Loan~~Custodian

33.10 9 ~~Rialto~~Wells ~~Capital~~Fargo ~~Advisors~~Bank, ~~LLC~~National Association, as ~~Special Servicer~~Primary Servicer of the Eastview Mall and Commons Mortgage Loan

33.1110 ~~U.S.~~Rialto ~~Bank~~Capital ~~National~~Advisors, ~~Association~~LLC, as ~~Trustee~~Special Servicer of the Eastview Mall and Commons Mortgage Loan ~~(Omitted. See Explanatory Notes.)~~

33.1211 ~~Wells~~U.S. ~~Fargo~~ Bank, National Association, as ~~Custodian~~ Trustee of the Eastview Mall and Commons Mortgage Loan prior to October 17, 2022 (~~see~~Omitted. ~~Exhibit~~See 33Explanatory Notes.4)

33.1312 ~~Park~~U.S. ~~Bridge~~Bank ~~Lender~~Trust ~~Services~~Company, ~~LLC~~National Association, as ~~Operating Advisor~~Trustee of the Eastview Mall and Commons Mortgage Loan on and after October 17, 2022 (~~see~~Omitted. ~~Exhibit~~See Explanatory 33Notes.5)

33.1413 ~~CoreLogic~~Wells ~~Solutions,~~Fargo ~~LLC~~Bank, asNational ~~Servicing~~Association, ~~Function~~as ~~Participant~~Custodian of the Eastview Mall and Commons Mortgage Loan (see Exhibit 33.4)

33.1514 ~~Computershare~~Park ~~Trust~~Bridge ~~Company,~~Lender ~~National~~Services ~~Association~~LLC, as ~~Servicing~~Operating Advisor ~~Function~~of ~~Participant for~~ the ~~Custodian~~Eastview onMall and ~~after~~Commons ~~November~~Mortgage ~~1, 2021~~Loan (see Exhibit 33.85)

3433.15 ~~Attestation reports~~CoreLogic onSolutions, ~~assessment~~LLC, as Servicing Function Participant of ~~compliance~~the ~~with~~Eastview ~~servicing~~Mall ~~criteria~~and ~~for~~Commons ~~asset-backed securities.~~Mortgage Loan

3433.1 16 ~~Midland~~Computershare ~~Loan~~Trust ~~Services~~Company, aNational ~~Division~~Association, as ofServicing ~~PNC~~Function ~~Bank,~~Participant ~~National Association,~~for asthe ~~Master~~Custodian ~~Servicer~~(see Exhibit 33.8)

34.2 ~~Midland~~ Attestation reports ~~Loan~~on ~~Services,~~assessment ~~a Division~~ of ~~PNC~~compliance ~~Bank, National~~with ~~Association,~~servicing ascriteria ~~Special~~for ~~Servicer (see Exhibit 34~~asset-backed securities.1)

34.31 ~~Wells~~Midland ~~Fargo~~Loan ~~Bank~~Services, a Division of PNC Bank, National Association, as ~~Trustee and~~Master ~~Certificate Administrator~~ Servicer

34.42 ~~Wells~~Midland ~~Fargo~~Loan ~~Bank~~Services, a Division of PNC Bank, National Association, as ~~Custodian~~ Special Servicer (see Exhibit 34.1)

34.53 ~~Park~~Wells ~~Bridge~~Fargo ~~Lender~~Bank, ~~Services~~National ~~LLC~~Association, as ~~Operating~~Trustee ~~Advisor~~and Certificate Administrator

34.64 ~~KeyBank~~Wells ~~National~~Fargo ~~Association~~Bank, ~~(as~~National ~~successor to KeyCorp Real Estate Capital Markets~~Association, ~~Inc.),~~ as ~~Primary Servicer~~ Custodian

34.75 ~~Computershare~~Park ~~Trust~~Bridge ~~Company,~~Lender ~~National~~Services ~~Association~~LLC, as ~~Servicing Function Participant for the Trustee and Certificate Administrator~~Operating ~~on and after November 1, 2021~~Advisor

34.86 ~~Computershare~~KeyBank ~~Trust Company,~~ National Association, (as ~~Servicing~~successor ~~Function~~to KeyCorp ~~Participant~~Real ~~for~~Estate ~~the~~Capital ~~Custodian~~Markets, onInc.), ~~and~~as ~~after~~Primary ~~November 1, 2021~~Servicer

34.97 ~~Wells~~Computershare ~~Fargo~~Trust ~~Bank~~Company, National Association, as ~~Primary Servicer~~Servicing ofFunction ~~the~~Participant ~~Eastview~~for ~~Mall~~the Trustee and ~~Commons~~Certificate ~~Mortgage Loan~~Administrator

34.10 8 ~~Rialto~~Computershare ~~Capital~~Trust ~~Advisors~~Company, ~~LLC,~~National Association, as ~~Special~~Servicing ~~Servicer of~~Function ~~the~~Participant ~~Eastview~~for ~~Mall~~the ~~and Commons Mortgage Loan~~Custodian

34.11 9 ~~U.S.~~Wells Fargo Bank, National Association, as ~~Trustee~~Primary Servicer of the Eastview Mall and Commons Mortgage Loan ~~(Omitted. See Explanatory Notes.)~~

34.1210 ~~Wells~~Rialto ~~Fargo~~Capital ~~Bank~~Advisors, ~~National Association~~LLC, as ~~Custodian~~ Special Servicer of the Eastview Mall and Commons Mortgage Loan ~~(see Exhibit 34.4)~~

34.1311 ~~Park~~U.S. ~~Bridge~~Bank ~~Lender~~National ~~Services LLC~~Association, as ~~Operating Advisor~~Trustee of the Eastview Mall and Commons Mortgage Loan prior to October 17, 2022 (~~see~~Omitted. ~~Exhibit~~See 34Explanatory Notes.5)

34.1412 ~~CoreLogic~~U.S. ~~Solutions~~Bank Trust Company, ~~LLC~~National Association, as ~~Servicing~~Trustee ~~Function Participant~~ of the Eastview Mall and Commons Mortgage Loan on and after October 17, 2022 (Omitted. See Explanatory Notes.)

34.1513 ~~Computershare~~Wells ~~Trust~~Fargo ~~Company~~Bank, National Association, as Custodian ~~Servicing~~of ~~Function Participant for~~ the ~~Custodian~~Eastview onMall and ~~after~~Commons ~~November~~Mortgage ~~1, 2021~~Loan (see Exhibit 34.84)

35 34.14 ~~Servicer~~Park ~~compliance~~Bridge ~~statements~~Lender Services LLC, as Operating Advisor of the Eastview Mall and Commons Mortgage Loan (see Exhibit 34.5)

3534.1 15 ~~Midland~~CoreLogic ~~Loan~~Solutions, ~~Services~~LLC, aas ~~Division~~Servicing Function Participant of ~~PNC~~the ~~Bank, National~~Eastview ~~Association,~~Mall asand ~~Master~~Commons ~~Servicer~~Mortgage Loan

3534.2 16 ~~Midland~~Computershare ~~Loan~~Trust ~~Services~~Company, ~~a Division of PNC Bank,~~ National Association, as ~~Special~~Servicing ~~Servicer~~Function Participant for the Custodian (see Exhibit 3534.18)

35.3 ~~Wells~~Servicer ~~Fargo~~compliance ~~Bank, National Association, as Certificate Administrator~~statements.

35.41 ~~KeyBank~~Midland ~~National~~Loan ~~Association~~Services, ~~(as~~a ~~successor~~Division ~~to KeyCorp~~of ~~Real~~PNC ~~Estate Capital Markets~~Bank, National ~~Inc.)~~Association, as ~~Primary~~Master Servicer

35.52 ~~Computershare~~Midland ~~Trust~~Loan ~~Company~~Services, ~~National~~a ~~Association, as~~Division ~~Servicing~~of ~~Function~~PNC ~~Participant~~Bank, National ~~for~~Association, ~~the~~as ~~Certificate~~Special ~~Administrator~~Servicer on(see ~~and after~~Exhibit ~~November~~ 35.1~~, 2021~~)

35.63 Wells Fargo Bank, National Association, as ~~Primary~~ ~~Servicer~~Certificate ~~of the Eastview Mall and Commons Mortgage Loan~~Administrator

35.74 ~~Rialto~~KeyBank ~~Capital~~National ~~Advisors,~~Association ~~LLC,~~ (as ~~Special~~successor ~~Servicer~~to KeyCorp ofReal ~~the~~Estate ~~Eastview~~Capital ~~Mall~~Markets, ~~and Commons Mortgage Loan (Omitted~~Inc.), ~~See~~as ~~Explanatory~~Primary ~~Notes.)~~Servicer

9935.~~1 Mortgage~~5 Computershare ~~Loan~~Trust ~~Purchase Agreement~~Company, ~~dated~~National ~~as of December 6~~Association, ~~2012, between German American Capital Corporation and Deutsche Mortgage & Asset Receiving Corporation (filed~~ as ~~Exhibit~~Servicing ~~99.1~~Function toParticipant for the ~~registrant’s~~Certificate ~~Current Report on Form 8-K/A filed on December 27, 2012 under Commission File No. 333-172143-08 and incorporated by reference herein)~~Administrator

9935.~~2 Mortgage Loan Purchase Agreement, dated as of December~~ 6, ~~2012,~~Wells ~~between~~Fargo ~~Cantor~~Bank, ~~Commercial~~National ~~Real Estate Lending~~Association, ~~L.P.~~as ~~and Deutsche Mortgage~~Primary &Servicer ~~Asset~~of ~~Receiving Corporation (filed as Exhibit 99.2 to~~ the ~~registrant’s Current~~Eastview ~~Report~~Mall ~~on Form 8-K/A filed on December 27, 2012 under Commission File No. 333-172143-08~~ and ~~incorporated~~Commons byMortgage ~~reference herein)~~Loan

9935.~~3 Mortgage~~7 Rialto ~~Loan~~Capital ~~Purchase~~Advisors, ~~Agreement~~LLC, ~~dated~~ as ofSpecial ~~December~~Servicer ~~6, 2012,~~of ~~between~~the ~~KeyBank~~Eastview ~~National~~Mall ~~Association~~ and Commons ~~Deutsche~~ Mortgage &Loan ~~Asset Receiving Corporation~~ (~~filed as Exhibit 99~~Omitted.3 toSee ~~the~~Explanatory ~~registrant’s Current Report on Form 8-K/A filed on December 27, 2012 under Commission File No~~Notes. ~~333-172143-08 and incorporated by reference herein~~)

~~(b) The~~99.1 Mortgage ~~exhibits~~Loan ~~required~~Purchase toAgreement, bedated ~~filed~~as byof ~~the~~December 6, ~~Registrant~~2012, ~~pursuant~~between German American Capital Corporation and Deutsche Mortgage & Asset Receiving Corporation (filed as Exhibit 99.1 to ~~Item~~the ~~601~~registrant’s ofCurrent Report ~~Regulation~~on SForm 8-K/A ~~are~~filed ~~listed~~on ~~above~~December 27, 2012 under Commission File No. 333-172143-08 and incorporated by reference herein)

99.2 Mortgage Loan Purchase Agreement, dated as of December 6, 2012, between Cantor Commercial Real Estate Lending, L.P. and Deutsche Mortgage & Asset Receiving Corporation (~~c) Not~~filed ~~Applicable~~as Exhibit 99.2 to the registrant’s Current Report on Form 8-K/A filed on December 27, 2012 under Commission File No. 333-172143-08 and incorporated by reference herein)

~~SIGNATURES~~99.3 Mortgage Loan Purchase Agreement, dated as of December 6, 2012, between KeyBank National Association and Deutsche Mortgage & Asset Receiving Corporation (filed as Exhibit 99.3 to the registrant’s Current Report on Form 8-K/A filed on December 27, 2012 under Commission File No. 333-172143-08 and incorporated by reference herein)

~~Pursuant to the requirements of Section 13 or 15~~(db) The ofexhibits ~~the Securities~~required ~~Exchange~~to ~~Act~~be offiled ~~1934,~~by the Registrant ~~registrant~~pursuant ~~has duly caused this report~~ to be ~~signed~~Item on601 ~~its~~of ~~behalf~~Regulation byS-K ~~the~~are ~~undersigned,~~listed ~~thereunto duly authorized~~above.

~~Deutsche Mortgage & Asset Receiving Corporation~~ (~~Depositor~~c) Not Applicable.

~~/s/ Helaine M. Kaplan~~SIGNATURES

~~Helaine~~Pursuant M.to the requirements of Section 13 or 15(d) of the ~~Kaplan~~Securities Exchange Act of 1934, ~~President~~the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~(senior~~Deutsche ~~officer~~Mortgage in& ~~charge of~~Asset ~~securitization~~Receiving ~~of the depositor~~Corporation (Depositor)

~~Date:~~/s/ ~~March~~Helaine M. ~~8, 2022~~Kaplan

~~/s/~~Helaine ~~Matt~~M. ~~Smith~~Kaplan, President

~~Matt~~(senior ~~Smith,~~officer ~~Director~~in charge of securitization of the depositor)

Date: March 810, ~~2022~~2023

/s/ Matt Smith

Matt Smith, Director

Date: March 10, 2023

Filing Compare · COMM 2012-CCRE5 Mortgage Trust