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Exhibit 99.1

ASSIGNMENT AND ASSUMPTION

For good and valuable consideration, the receipt of which is hereby acknowledged, Principal Global Investors, LLC (“Assignor”) does hereby assign to Principal Real Estate Investors, LLC (“Assignee”) as of May 1, 2017 all of Assignor’s rights, powers, duties, responsibilities, obligations and liabilities, in its capacity of sub-servicer, in and under each of the Agreements listed on Exhibit A attached hereto (collectively, the “Agreements” and the assignments thereof, collectively, the “Assignments”).

By execution hereof, Assignee hereby accepts each of the Assignments and assumes all rights, powers, duties, responsibilities, obligations and liabilities of sub-servicer under each of the Agreements, as of May 1, 2017.

This Assignment and Assumption contains all of the agreements of the parties hereto with respect to the matters contained herein, and no prior agreement, arrangement or understanding pertaining to any such matters shall be effective for any purpose.

EXECUTED this 1st day of May, 2017.

 

ASSIGNOR:

PRINCIPAL GLOBAL INVESTORS, LLC,

a Delaware limited liability company

By  

/s/ Diane McGuire

Name:   Diane L. McGuire
Title:   Director – CMS Asset Management
By  

/s/ Steven Johnson

Name:   Steven R. Johnson
Title:   Managing Director
  Commercial Mortgage Servicing
ASSIGNEE:

PRINCIPAL REAL ESTATE INVESTORS, LLC,

a Delaware limited liability company

By  

/s/ Diane McGuire

Name:   Diane L. McGuire
Title:   Director – CMS Asset Management
By  

/s/ Steven Johnson

Name:   Steven R. Johnson
Title:   Managing Director
  Commercial Mortgage Servicing


Exhibit A

 

Pool

  

Document

Wells Fargo Commercial Mortgage Trust 2011-C2 Series 2011-C2    The Sub-Servicing Agreement dated March 1, 2011, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2011-C3

Commercial Mortgage Pass-Through Certificates Series 2011-C3

   The Sub-Servicing Agreement dated June 1, 2011, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2011-C4

Commercial Mortgage Pass-Through Certificates Series 2011-C4

   The Sub-Servicing Agreement dated August 1, 2011, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2011-C5

Commercial Mortgage Pass-Through Certificates Series 2011-C5

   The Sub-Servicing Agreement dated November 1, 2011, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2012-C8

Commercial Mortgage Pass-Through Certificates Series 2012-C8

   The Sub-Servicing Agreement dated August 1, 2012, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2012-C9

Commercial Mortgage Pass-Through Certificates Series 2012-C9

   The Sub-Servicing Agreement dated October 1, 2012, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2012-C10

Commercial Mortgage Pass-Through Certificates Series 2012-C10

   The Sub-Servicing Agreement dated December 1, 2012, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2013-C11

Commercial Mortgage Pass-Through Certificates Series 2013-C11

   The Sub-Servicing Agreement dated February 1, 2013, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2013-C13

Commercial Mortgage Pass-Through Certificates Series 2013-C13

   The Sub-Servicing Agreement dated May 1, 2013, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2013-C17

Commercial Mortgage Pass-Through Certificates Series 2013-C17

   The Sub-Servicing Agreement dated November 1, 2013, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)


WFRBS Commercial Mortgage Trust 2014-LC14

Commercial Mortgage Pass-Through Certificates Series 2014-LC14

   The Sub-Servicing Agreement dated February 1, 2014, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Wells Fargo Commercial Mortgage Trust 2014-LC16

Commercial Mortgage Pass-Through Certificates Series 2014-LC16

   The Sub-Servicing Agreement dated June 1, 2014, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2014-C19

Commercial Mortgage Pass-Through Certificates Series 2014-C19

   The Sub-Servicing Agreement dated March 1, 2014, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

WFRBS Commercial Mortgage Trust 2014-C21

Commercial Mortgage Pass-Through Certificates Series 2014-C21

   The Sub-Servicing Agreement dated August 1, 2014, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Wells Fargo Commercial Mortgage Trust 2015-C27

Commercial Mortgage Pass-Through Certificates Series 2015-C27

   The Sub-Servicing Agreement dated March 1, 2015, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Citigroup Commercial Mortgage Securities Inc.,

Commercial Mortgage Pass-Through Certificates, Series 2015-P1

   The Sub-Servicing Agreement dated August 1, 2015, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Wells Fargo Commercial Mortgage Trust 2015-P2

Commercial Mortgage Pass-Through Certificates Series 2015-P2

   The Sub-Servicing Agreement dated December 1, 2015, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Citigroup Commercial Mortgage Trust 2016-P3

Commercial Mortgage Pass-Through Certificates Series 2016-P3

   The Sub-Servicing Agreement dated April 1, 2016, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates Series 2016-P4

   The Sub-Servicing Agreement dated July 1, 2016, by and between Principal Global Investors, LLC (“Principal Global”) and Wells Fargo Bank, National Association, (“Wells”) (the “SSA”)