Citigroup Commercial Mortgage Trust 2022-GC48 Changes Special Servicer to C‑IV AM

What Happened
Citigroup Commercial Mortgage Trust 2022-GC48 announced that, effective September 1, 2026, Greystone Servicing Company LLC sold substantially all assets of its special servicing business to C‑IV Asset Management LLC (C‑IV AM), and C‑IV AM has assumed Greystone’s special servicer duties under the trust’s Pooling and Servicing Agreement. The assumption excludes servicing for the Yorkshire & Lexington Towers whole loan. The related Assignment and Assumption Agreement (Special Servicing) dated September 1, 2026 was filed as Exhibit 20.1.

Key Details

• Effective date: September 1, 2026 — C‑IV AM assumed special servicing duties (except for the Yorkshire & Lexington Towers whole loan).
• Portfolio scope (Greystone as of 6/30/2026): ~60 named transactions, ~1,928 first‑lien mortgage loans, aggregate stated principal ≈ $20.7 billion; CMBS portion: 33 transactions, ~774 loans, ≈ $14.2 billion.
• C‑IV AM background and ratings: wholly owned subsidiary of C‑IV Capital Partners LLC; offices in Irving, TX; special servicer ratings include Morningstar DBRS “MOR CS2”, Fitch “CSS2”, and listed on S&P’s Select Servicer list (S&P ranking “Average; Ranking Watch Positive”).
• Servicing activity: C‑IV (including predecessors) reports resolution of 6,017 assets totaling ≈ $60.7 billion since 2002; actively specially serviced CMBS balance as of 6/30/2026 ≈ $2.1 billion.

Why It Matters
A change in the special servicer means a different firm will handle troubled loans, workouts, foreclosures and recoveries for the trust. For certificateholders, the background, ratings and track record of C‑IV AM are relevant indicators of how special servicing will be managed going forward. The filing notes no known legal issues or servicer defaults for C‑IV AM and states C‑IV AM believes its financial condition will not materially affect pool or certificate performance. Investors should note the one loan exception (Yorkshire & Lexington Towers) and that the formal Assignment and Assumption Agreement was filed with the SEC.