Citigroup Commercial Mortgage Trust 2016-C1 - 8-K

Item 8.01 Other Events .

The Park Place mortgage loan, an asset of Citigroup Commercial Mortgage Trust 2016-C1 (the “Issuing Entity”), is being serviced pursuant to the pooling and servicing agreement, dated as of February 1, 2016 (the “CGCMT 2016-GC36 PSA”), by and among Citigroup Commercial Mortgage Securities Inc., as depositor, KeyBank National Association, as master servicer, Greystone Servicing Company LLC (as successor to Wells Fargo Bank, National Association), as special servicer, Pentalpha Surveillance LLC, as operating advisor and asset representations reviewer, Wells Fargo Bank, National Association, as certificate administrator, and Wilmington Trust, National Association, as trustee, which governs the issuance of the Citigroup Commercial Mortgage Trust 2016-GC36, Commercial Mortgage Pass-Through Certificates, Series 2016-GC36. The CGCMT 2016-GC36 PSA was filed as Exhibit 4.3 to the Current Report on Form 8-K with respect to the Issuing Entity, filed on June 1, 2016 under Commission File No.333-207132-04.

Effective as of December 26, 2024, Greystone Servicing Company LLC has been terminated as special servicer under the CGCMT 2016-GC36 PSA, and LNR Partners, LLC has been appointed to act as successor special servicer under the CGCMT 2016-GC36 PSA. A copy of the related Acknowledgement and Acceptance of Special Servicer, dated December 26, 2024 is attached hereto as Exhibit 20.1

Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement dated as of May 1, 2016 relating to the Issuing Entity, filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity dated June 1, 2016 under Commission File No. 333-207132-04.

Item 9.01.

Financial Statements and Exhibits .

(d)

Exhibits

Exhibit No.

Description

Exhibit 20.1

Acknowledgement and Acceptance of Special Servicer, dated December 26, 2024