Benchmark 2018-B5 Mortgage Trust 8-K

What Happened Benchmark 2018-B5 Mortgage Trust filed a Form 8-K on April 14, 2026, announcing that Situs Holdings, LLC resigned as special servicer of the Aon Center Mortgage Loan and Argentic Services Company LP (“Argentic”) was appointed successor special servicer under the JPMCC 2018-AON trust and servicing agreement. The Aon Center Mortgage Loan represents approximately 4.1% of the issuing entity’s asset pool as of the cut-off date. The appointment is effective April 14, 2026.

Key Details

• Situs Holdings, LLC resigned; Argentic Services Company LP was appointed successor special servicer effective April 14, 2026.
• The Aon Center Mortgage Loan constituted ~4.1% of the issuing entity’s asset pool as of the cut-off date.
• Servicing is governed by the J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON trust and servicing agreement dated June 29, 2018 (referenced in prior Form 8-K filings).
• Argentic’s principal office: 500 North Central Expressway, Suite 261, Plano, TX 75074; phone: 469-609-2000.

Why It Matters A change in the special servicer can affect how a troubled or potentially troubled loan is managed, including workout strategies, enforcement, or disposition decisions. Since the Aon Center Mortgage Loan represents a measurable portion (about 4.1%) of the trust’s assets, investors should note the servicer transition and monitor future disclosures for any actions or performance updates related to this loan.