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, 2024

OR

 //
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: 333-206582-15

 Central Index Key Number of the issuing entity: 0001742383

 Morgan Stanley Capital I
Trust 2018-H3

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

 Central Index Key Number of the depositor: 0001547361

 Morgan Stanley Capital I Inc.

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

 Central Index Key Number of the sponsor: 0001541557

 Morgan Stanley Mortgage
Capital Holdings LLC

 Central Index Key Number of the sponsor: 0001089877

 KeyBank National Association

 Central Index Key Number of the sponsor: 0001624053

 Argentic Real Estate Finance
LLC

 Central Index Key Number of the sponsor: 0001682532

 Starwood Mortgage Funding III
LLC

 Central Index Key Number of the sponsor: 0001102113

 Bank of America, National
Association

 Central Index Key Number of the sponsor: 0001701238

 Citi Real Estate Funding Inc.

 New York

 38-4083217

 38-4083218

 38-7206182

 (State or other jurisdiction of incorporation or
 organization)

 (I.R.S. Employer Identification Numbers)

 c/o
Computershare Trust Company, National Association, as agent for

 Wells Fargo Bank, National
Association

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices)

 21045

 (Zip Code)

 Telephone number,
including area code:

 (667) 786 1992

 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.

by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.

 Yes
___ No X

by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.

 Yes
___ No X

 Note
- Checking the box above will not relieve any registrant required to file reports
pursuant to Section 13 or 15(d) of the Exchange Act from their obligations
under those Sections.

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
X No ___

by check mark whether the registrant has submitted electronically every
Interactive Data File required to be submitted 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 such
files).

 Not

by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, a smaller reporting company, or
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 ___

Accelerated filer ___

Non-accelerated filer X (Do not check if a smaller reporting company)

Smaller reporting company ___

 Emerging
growth company ___

 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 Ex change Act.

 Not

 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.

 Not

 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.

 Not applicable.

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).

 Not applicable.

by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).

 Yes
___ No X

 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

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.

 Not

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

 Not

 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

 EXPLANATORY NOTES

 The
MSC 2018-H3 mortgage pool includes the following mortgage loans, each of which
is serviced pursuant to a separate pooling and servicing agreement (each, an
"Outside Pooling and Servicing Agreement"):

 •
the Griffin Portfolio II mortgage loan, which is serviced pursuant to the BANK
2018-BNK13 pooling and servicing agreement attached hereto as Exhibit 4.7;

 •
the Rittenhouse Hill mortgage loan, which is serviced pursuant to the BANK
2018-BNK12 pooling and servicing agreement attached hereto as Exhibit 4.3;

 •
the Westbrook Corporate Center mortgage loan and the 636 11th Avenue mortgage
loan, which are serviced pursuant to the Benchmark 2018-B4 pooling and
servicing agreement attached hereto as Exhibit 4.6;

 •
the Orlando Airport Marriott Lakeside mortgage loan, which is serviced pursuant
to the UBS 2018-C11 pooling and servicing agreement attached hereto as Exhibit
4.2;

 •
the Axcelis Corporate Center mortgage loan and the Fort Knox Executive Park
mortgage loan, which are serviced pursuant to the CGCMT 2018-B2 pooling and
servicing agreement attached hereto as Exhibit 4.4; and

 •
the Prince and Spring Street Portfolio mortgage loan, which is serviced
pursuant to the WFCM 2018-C44 pooling and servicing agreement attached hereto
as Exhibit 4.5.

 Except
as set forth below, each of the parties to each pooling and servicing agreement
listed in the Exhibit Index both (1) participates in the servicing function for
purposes of Item 1122 of Regulation AB and (2) constitutes a servicer that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB for
purposes of Item 1123 of Regulation AB:

 •
The trustee under a pooling and servicing agreement has a nominal role with
respect to the mortgage pool securitized pursuant to such pooling and servicing
agreement. The trustee's only servicing function is the contingent
obligation to make certain advances if the master servicer under such pooling
and servicing agreement fails to do so, while all other servicing functions are
performed by other parties. The trustee under each of the pooling and
servicing agreements listed in the Exhibit Index has confirmed to the
registrant that it has not made any such contingent advances during the
reporting period, and consequently, each such trustee does not participate in
the servicing function for purposes of Item 1122 of Regulation AB, nor does it
perform the functions of a servicer for purposes of the definition of
"servicer" under Item 1101 of Regulation AB or for purposes of Item 1123 of
Regulation AB.

 •
The certificate administrator under a pooling and servicing agreement performs
various payment administration functions solely for the securitization governed
by such pooling and servicing agreement and the mortgage pool securitized
pursuant to such pooling and servicing agreement and does not have any
obligations with respect to any other transaction. Consequently, the
certificate administrator under an Outside Pooling and Servicing Agreement does
not participate in the servicing function for purposes of Item 1122 of
Regulation AB, nor does it perform the functions of a servicer for purposes of
the definition of "servicer" under Item 1101 of Regulation AB or for purposes
of Item 1123 of Regulation AB.

 •
The operating advisor under a pooling and servicing agreement represents the interests
of senior certificateholders in the transaction governed by such pooling and
servicing agreement and is responsible for monitoring the performance of the
special servicer under such pooling and servicing agreement and producing
certain reports to certificateholders relating to the resolution of the
mortgage pool securitized pursuant to such pooling and servicing
agreement. The operating advisor under a pooling and servicing agreement
does not have any obligations with respect to any other transaction and is
solely obligated to perform loan reporting functions with respect to the
securitization governed by such pooling and servicing agreement.
Consequently, the operating advisor under an Outside Pooling and Servicing
Agreement neither participates in the servicing function for purposes of Item
1122 of Regulation AB nor performs the functions of a servicer for purposes of
the definition of "servicer" under Item 1101 of Regulation AB or for purposes
of Item 1123 of Regulation AB. In addition, while the operating advisor
under a pooling and servicing agreement has certain reporting obligations in
respect of the related mortgage pool, it has no obligation to collect or
disburse funds in respect of the mortgage pool or to administer any of the
underlying mortgage loans. Consequently, the operating advisor under a
pooling and servicing agreement participates in the servicing function for
purposes of Item 1122 of Regulation AB, but is not responsible for the
"management or collection of the pool assets or making allocations or
distributions to holders of the asset-backed securities" within the meaning of
"servicer" under Item 1101 of Regulation AB and does not perform the functions
of a servicer for purposes of Item 1123 of Regulation AB.

 • The asset representations reviewer under a pooling
and servicing agreement has a limited obligation to review certain delinquent
mortgage loans after a specified delinquency threshold has been met and the
required percentage of certificateholders vote to direct a review of such
delinquent mortgage loans, and has no obligation to collect or disburse funds
in respect of the mortgage pool, to administer any of the underlying mortgage
loans or to perform any servicing function. Consequently, the asset representations
reviewer under a pooling and servicing agreement does not participate in the
servicing function for purposes of Item 1122 of Regulation AB, is not
responsible for the "management or collection of the pool assets or making
allocations or distributions to holders of the asset-backed securities" within
the meaning of "servicer" under Item 1101 of Regulation AB and does not perform
the functions of a servicer for purposes of Item 1123 of Regulation AB.

 • Midland Loan Services, a
Division of PNC Bank, National Association is the master servicer under the UBS
2018-C11 pooling and servicing agreement, pursuant to which the Orlando Airport
Marriott Lakeside mortgage loan is currently serviced, and the master servicer
under the CGCMT 2018-B2 pooling and servicing agreement, pursuant to which the
Axcelis Corporate Center mortgage loan and the Fort Knox Executive Park
mortgage loan are serviced. Because Midland Loan Services, a Division of
PNC Bank, National Association is not the MSC 2018-H3 master servicer, is not
affiliated with any sponsor and services only the Orlando Airport Marriott
Lakeside mortgage loan, the Axcelis Corporate Center mortgage loan and the
Fort Knox Executive Park mortgage loan, which collectively constitute more than
5% but less than 10% of the mortgage pool, Midland Loan Services, a Division of
PNC Bank, National Association, as UBS 2018-C11 master servicer and CGCMT
2018-B2 master servicer, constitutes a reporting "servicing function participant"
for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3
to Item 1122, but does not constitute a reporting "servicer" for purposes of
Item 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 • NCB, FSB, as NCB master
servicer and NCB special servicer under the BANK 2018-BNK12 pooling and
servicing agreement, only has obligations in respect of certain mortgage loans
sold to the BANK 2018-BNK12 securitization trust by NCB, FSB. On March
12, 2021, AEGON USA Realty Advisors, LLC was replaced as Fair Oaks Mall special
servicer under the BANK 2018-BNK12 pooling and servicing agreement and
succeeded by Situs Holdings, LLC. Situs Holdings, LLC, as Fair Oaks Mall
special servicer under the BANK 2018-BNK12 pooling and servicing agreement,
only has obligations in respect of the Fair Oaks Mall mortgage loan securitized
thereunder. Each such party has no obligations with respect to the
Rittenhouse Hill mortgage loan and therefore in such capacity does not
constitute a reporting "servicing function participant" for purposes of Item
1122 of Regulation AB, as specified in the Instruction 3 to Item 1122, and does
not constitute a reporting "servicer" for purposes of Item 1123 of Regulation
AB, as specified in the Instruction to Item 1123.

 •
NCB, FSB, as NCB master servicer and NCB special servicer under the BANK
2018-BNK13 pooling and servicing agreement, only has obligations in respect of
certain mortgage loans sold to the BANK 2018-BNK13 securitization trust by NCB,
FSB and has no obligations with respect to the Griffin Portfolio II mortgage
loan and therefore in such capacity does not constitute a reporting "servicing
function participant" for purposes of Item 1122 of Regulation AB, as specified
in the Instruction 3 to Item 1122, and does not constitute a reporting
"servicer" for purposes of Item 1123 of Regulation AB, as specified in the
Instruction to Item 1123.

 •
Mount Street US (Georgia) LLP is the current general special servicer under the
BANK 2018-BNK13 pooling and servicing agreement, pursuant to which the Griffin
Portfolio II mortgage loan is serviced. On August 11, 2022, Torchlight Loan
Services, LLC was replaced as special servicer under the BANK 2018-BNK13
pooling and servicing agreement and was succeeded by Mount Street US (Georgia)
LLP. Because Mount Street US (Georgia) LLP is not the MSC 2018-H3 special
servicer, is not affiliated with any sponsor and services only the Griffin
Portfolio II mortgage loan, which constitutes more than 5% but less than 10% of
the mortgage pool, Mount Street US (Georgia) LLP, as BANK 2018-BNK13 special
servicer, constitutes a reporting "servicing function participant" for purposes
of Item 1122 of Regulation AB, as specified in the Instruction 3 to Item 1122,
but does not constitute a reporting "servicer" for purposes of Item 1123 of
Regulation AB, as specified in the Instruction to Item 1123.

 •
CWCapital Asset Management LLC is the special servicer under the Benchmark
2018-B4 pooling and servicing agreement, pursuant to which the 636 11th Avenue
and Westbrook Corporate Center mortgage loans are serviced. Because CWCapital
Asset Management LLC is not the MSC 2018-H3 special servicer, is not affiliated
with any sponsor and services only the 636 11th Avenue and Westbrook Corporate
Center mortgage loans, which collectively constitute more than 5% but less than
10% of the mortgage pool, CWCapital Asset Management LLC, as Benchmark 2018-B4
special servicer, constitutes a reporting "servicing function participant" for
purposes of Item 1122 of Regulation AB, as specified in the Instruction 3 to
Item 1122, but does not constitute a reporting "servicer" for purposes of Item
1123 of Regulation AB, as specified in the Instruction to Item 1123.

 •
Rialto Capital Advisors, LLC is the special servicer under the WFCM 2018-C44
pooling and servicing agreement, pursuant to which the Prince and Spring Street
Portfolio mortgage loan is serviced. Because Rialto Capital Advisors, LLC is
not the MSC 2018-H3 special servicer, is not affiliated with any sponsor and
services only the Prince and Spring Street Portfolio mortgage loan, which
constitutes less than 5% of the mortgage pool, Rialto Capital Advisors, LLC, as
WFCM 2018-C44 special servicer, does not constitute a reporting "servicing
function participant" for purposes of Item 1122 of Regulation AB, as specified
in the Instruction 3 to Item 1122, and does not constitute a reporting
"servicer" for purposes of Item 1123 of Regulation AB, as specified in the
Instruction to Item 1123.

 • Citibank, N.A., as certificate administrator under
the CGCMT 2018-B2 pooling and servicing agreement, pursuant to which the
Axcelis Corporate Center mortgage loan and the Fort Knox Executive Park
mortgage loan are serviced, engaged U.S. Bank National Association to perform
the related custodial services with respect to such mortgage loans, and U.S.
Bank National Association performed all such custodial services pursuant to the
related pooling and servicing agreement. Because U.S. Bank National Association
is not the MSC 2018-H3 custodian, is not affiliated with any sponsor and only
services the Axcelis Corporate Center mortgage loan and the Fort Knox Executive
Park mortgage loan, which collectively constitute less than 5% of the mortgage
pool, U.S. Bank National Association, as a CGCMT 2018-B2 servicing function
participant, does not constitute a reporting "servicing function participant"
for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3
to Item 1122, and does not constitute a reporting "servicer" for purposes of
Item 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 •
Argentic Services Company LP is the current special
servicer under the UBS 2018-C11 pooling and servicing agreement, pursuant to
which the Orlando Airport Marriott Lakeside mortgage loan is currently
serviced, and the current general special servicer under the BANK 2018-BNK12
pooling and servicing agreement, pursuant to which the Rittenhouse Hill
mortgage loan is serviced. On May 6, 2020, LNR Partners, LLC, was
replaced as special servicer under the UBS 2018-C11 pooling and servicing
agreement (other than with respect to the 5th Street mortgage loan included in
the UBS 2018-C11 mortgage pool) and succeeded by Argentic Services Company LP.
 On July 6, 2020, Midland Loan Services, a Division of PNC Bank, National
Association, was replaced as special servicer under the BANK 2018-BNK12 pooling
and servicing agreement and succeeded by Argentic Services Company LP.

 •
Midland Loan Services, a Division of PNC Bank, National Association, as special
servicer with respect to the 5th Street Station mortgage loan under the UBS
2018-C11 pooling and servicing agreement, only has obligations in respect of
the 5th Street Station mortgage loan securitized thereunder. On May 18,
2020, LNR Partners, LLC was replaced as special servicer with respect to the
5th Street Station mortgage loan under the UBS 2018-C11 pooling and servicing
agreement and was succeeded by Midland Loan Services, a Division of PNC Bank,
National Association. Midland Loan Services, a Division of PNC Bank, National
Association, acting as special servicer with respect to the 5th Street Station
mortgage loan under the UBS 2018-C11 pooling and servicing agreement, has no
obligations with respect to any mortgage loan included in the MSC 2018-H3
mortgage pool and therefore in such capacity does not constitute a reporting
"servicing function participant" for purposes of Item 1122 of Regulation AB, as
specified in the Instruction 3 to Item 1122, and does not constitute a
reporting "servicer" for purposes of Item 1123 of Regulation AB, as specified
in the Instruction to Item 1123.

 •
The Torrance Technology Campus mortgage loan, which was
serviced pursuant the UBS 2018-C11 pooling and servicing agreement, was paid in
full on September 6, 2021.

 In
addition, each of the following parties engaged the services of certain
servicing function participants and sub-servicers for the reporting period, as
set forth below:

 •
Wells Fargo Bank, National Association, as master servicer, engaged the
services of KeyBank National Association, as a sub-servicer in respect of the
entire mortgage pool for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer, engaged the
services of CoreLogic Solutions, LLC as a servicing function participant in
respect of the entire mortgage pool for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer under the BANK
2018-BNK13 pooling and servicing agreement, pursuant to which the Griffin
Portfolio II mortgage loan is serviced, engaged the services of CoreLogic
Solutions, LLC as a servicing function participant in respect of the Griffin
Portfolio II mortgage loan for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer under the BANK
2018-BNK12 pooling and servicing agreement, pursuant to which the Rittenhouse
Hill mortgage loan is serviced, engaged the services of CoreLogic Solutions,
LLC as a servicing function participant in respect of the Rittenhouse Hill
mortgage loan for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer under the Benchmark
2018-B4 pooling and servicing agreement, pursuant to which the Westbrook
Corporate Center mortgage loan and the 636 11th Avenue mortgage loan are
serviced, engaged the services of CoreLogic Solutions, LLC as a servicing
function participant in respect of the Westbrook Corporate Center mortgage loan
and the 636 11th Avenue mortgage loan for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer under the WFCM
2018-C44 pooling and servicing agreement, pursuant to which the Prince and
Spring Street Portfolio mortgage loan is serviced, engaged the services of
CoreLogic Solutions, LLC as a servicing function participant in respect of the
Prince and Spring Street Portfolio mortgage loan for the reporting period.

 •
On November 1, 2021, pursuant to the second amended and restated servicing
agreement attached hereto as Exhibit 99.20, Computershare Trust Company,
National Association was engaged to perform all or virtually all of Wells Fargo
Bank, National Association's roles as certificate administrator, custodian and
trustee, as applicable, under (i) the pooling and servicing agreement and (ii)
each Outside Pooling and Servicing Agreement.

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff
 Comments.

 None.

 Item 1C.

 Cybersecurity.

 Item 2.

 Properties.

 Item 3.

 Legal Proceedings.

 Item 4.

 Mine Safety Disclosures.

 Item 5.

 Market for Registrant's Common
 Equity, Related Stockholder Matters and Issuer Purchases of Equity
 Securities.

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion
 and Analysis of Financial Condition and Results of Operations.

 Item 7A.

 Quantitative and
 Qualitative Disclosures About Market Risk.

 Item 8.

 Financial Statements and
 Supplementary Data.

 Item 9.

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

 Item 9A.

 Controls and Procedures.

 Item 9B.

 Other Information.

 None.

 Item 9C.

 Disclosure Regarding Foreign
 Jurisdictions that Prevent Inspections.

 None.

 Item 10.

 Directors, Executive
 Officers and Corporate Governance.

 Item 11.

 Executive Compensation.

 Item 12.

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

 Item 13.

 Certain Relationships and
 Related Transactions, and Director Independence.

 Item 14.

 Principal Accountant Fees
 and Services.

 ADDITIONAL
DISCLOSURE ITEMS FOR REGULATION AB

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

 Not

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

 No entity
or group of affiliated entities provides any enhancement or other support for
the certificates 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 for
the certificates as described under Item 1115 of Regulation AB.

 Item
1117 of Regulation AB, Legal Proceedings.

 The
registrant knows of no legal proceeding pending against the sponsors,
depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) of
Regulation AB, originator contemplated by Item 1110(b) of Regulation AB, or
other party contemplated by Item 1100(d)(1) of Regulation AB, or of which any
property of the foregoing is the subject, that is material to security holders,
other than as follows:

 In
December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related
entities filed a complaint in the United States District Court for the Southern
District of New York alleging claims against Wells Fargo 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, IKB International and IKB
Deutsche Industriebank (together, IKB) in New York state court, and Park Royal
I LLC and Park Royal II LLC 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 obligations of
mortgage loan sellers for purported breaches of representations and warranties,
notify investors of alleged events of default, and abide by appropriate
standards of care following alleged events of default. In July 2022, the
district court dismissed Phoenix Light's claims and certain of the claims
asserted by Commerzbank AG, and subsequently entered judgment in each case in
favor of Wells Fargo Bank, N.A. In August 2022, Phoenix Light and Commerzbank
AG each appealed the district court's decision to the United States Court of
Appeals for the Second Circuit. Phoenix Light dismissed its appeal in May 2023,
terminating its case. In October 2024, the Second Circuit denied Commerzbank
AG's appeal. In November 2023, Wells Fargo Bank, N.A. entered into an agreement
with IKB to resolve IKB's claims. Wells Fargo Bank, N.A. previously settled two
class actions filed by institutional investors and an action filed by the
National Credit Union Administration with similar allegations.

 From time to time, CWCapital
Asset Management LLC, a Delaware limited liability company ("CWCAM"), is a
party to lawsuits and other legal proceedings as part of its duties as a
special servicer (e.g., enforcement of loan obligations) and/or arising in the
ordinary course of business. Other than as set forth in the following
paragraphs, there are currently no legal proceedings pending, and no legal
proceedings known to be contemplated by governmental authorities, against CWCAM
or of which any of its property is the subject, that are material to the
certificateholders.

 On December 17, 2015, U.S.
Bank National Association, the trustee under five pooling and servicing
agreements for (i) Wachovia Bank Commercial Mortgage Trust 2007-C30, (ii)
COBALT CMBS Commercial Trust 2007-C2, (iii) Wachovia Bank Commercial Mortgage
Trust 2007-C31, (iv) ML-CFC Commercial Mortgage Trust 2007-5 and (v) ML-CFC
Commercial Mortgage Trust 2007-6 commenced a proceeding with the Second
Judicial District Court of Ramsey County, Minnesota (the "State Court") for a
declaratory judgment as to the proper allocation of certain proceeds ("Disputed
Proceeds") received by CWCAM in connection with the sale of the Peter Cooper
Village and Stuyvesant Town property in New York, New York securing loans held
by those trusts. CWCAM was the special servicer of such property. The petition
requests the State Court to instruct the trustee, the trust beneficiaries, and
any other interested parties as to the amount of the Disputed Proceeds, if any,
that constitute penalty interest and/or the amount of the Disputed Proceeds, if
any, that constitute gain-on-sale proceeds, with respect to each trust. On
February 24, 2016, CWCAM made a limited appearance with the State Court to file
a motion to dismiss this proceeding based on lack of jurisdiction, mootness,
standing and forum non conveniens. On July 19, 2016, the State Court denied
CWCAM's motion to dismiss. On July 22, 2016, the action was removed to federal
court in Minnesota ("Federal Court"). On October 21, 2016, the Federal Court
held a hearing on the motion to transfer the action to the United States
District Court for the Southern District of New York ("SDNY Court"), a motion
to remand to state court and a motion to hear CWCAM's request for
reconsideration of the motion to dismiss. On March 14, 2017, the Federal Court
reserved the determination on the motion to hear CWCAM's request for
reconsideration of the motion to dismiss, denied the motion to remand the
matter to state court and granted the motion to transfer the proceeding to the
SDNY Court. Cross motions for judgment on the pleadings were filed but the SDNY
Court was unable to decide the case based on the pleadings and the SDNY Court
ordered discovery. All fact discovery was completed in December, 2018 and
expert discovery was completed on March 15, 2019. The parties submitted cross
motions for summary judgment, and on March 19, 2020, the SDNY Court entered an
opinion and order in which it granted summary judgment in CWCAM's favor and
held that CWCAM was entitled to the entire amount of penalty interest and that
CWCAM's determination of Yield Maintenance was correct. In the 127-page
opinion, the SDNY Court found for CWCAM on every issue presented by the
trustee's petition, namely, that the funds in dispute constitute penalty
interest and yield maintenance, not gain-on-sale proceeds, and that the amount
of penalty interest and yield maintenance was correctly calculated. An appeal
of the SDNY Court's decision was taken on April 29, 2020. Oral argument on the
appeal occurred on June 21, 2021. On July 14, 2022, the Second Circuit entered
a decision affirming in part and reversing in part the SDNY Court's decision
and remanding to the SDNY Court for further proceedings. The Second Circuit
affirmed the SDNY's Court holding that Penalty Interest and Yield Maintenance
are paid before Gain-On-Sale Proceeds. The Second Circuit reversed and remanded
for further proceedings that portion of the SDNY Court's decision related to
approximately $67.2 million in interest on advances. On January 13, 2023, the
parties entered into a settlement agreement, in which (among other things) they
agreed to stipulate that the amount of interest on advances that accrued on or
before June 3, 2014 is $27.5 million, and that CWCAM would pay that amount into
escrow for distribution to certificateholders upon the entry of an order by the
Court approving the settlement. U.S. Bank National Association, as Trustee for
the trusts, provided notice of the settlement to all parties in interest via a
notice program approved by the Court. A hearing on the settlement is scheduled
for March 16, 2023.

 On
December 1, 2017, a complaint against CWCAM and others was filed in the United
States District Court for the Southern District of New York styled as CWCapital
Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463 (the
"Original Complaint"). The gravamen of the Original Complaint alleged breaches
of a contract and fiduciary duties by CWCAM's affiliate, CWCapital Investments
LLC in its capacity as collateral manager for the collateralized debt
obligation transaction involving CWCapital Cobalt Vr, Ltd. In total, there are
14 counts pled in the Original Complaint. Of those 14, 5 claims were asserted
against CWCAM for aiding and abetting breach of fiduciary duty, conversion and
unjust enrichment. On May 23, 2018, the Original Complaint was dismissed for
lack of subject matter jurisdiction. On June 28, 2018, CWCapital Cobalt Vr Ltd.
filed a substantially similar complaint in the Supreme Court of the State of
New York, County of New York styled as CWCapital Cobalt Vr Ltd. v. CWCapital
Investments LLC, et al., Index No. 653277/2018 (the "New Complaint"). The
gravamen of the New Complaint is the same as the previous complaint filed in
the United State District Court for the Southern District of New York. In total
there are 16 counts pled in the New Complaint. Of those 16 counts, 5 claims
were asserted against CWCAM for aiding and abetting breach of fiduciary duty,
conversion and unjust enrichment, 1 count seeks a declaratory judgement that
the plaintiff has the right to enforce the contracts in question and 1 count
seeks an injunction requiring the defendants to recognize the plaintiff as the
directing holder for the trusts in question. On January 11, 2019, the plaintiff
dismissed with prejudice the declaratory judgment and injunction counts. The
New Complaint and related summons was not served on the defendants until July
13, 2018 and July 16, 2018. The plaintiff's motion for a preliminary injunction
was denied by the court on July 31, 2018. On August 3, 2018, the defendants,
including CWCAM, filed a motion to dismiss the New Complaint in its entirety.
On August 20, 2019, the court entered an order granting defendants' motion
almost in its entirety, dismissing 11 of the 16 counts and partially dismissing
2 additional counts. Of the remaining counts, 2 are asserted against CWCAM for
aiding and abetting breach of fiduciary duty and unjust enrichment. On
September 19, 2019, CWCapital Cobalt Vr Ltd. filed a notice of appeal relating
to the August 20, 2019 dismissal order and on September 26, 2019, filed an amended
complaint against CWCI and CWCAM attempting to address deficiencies relating to
certain of the claims dismissed by the August 20, 2019 order. CWCI and CWCAM
filed its Motion to Dismiss the amended complaint on October 28, 2019. The
court heard argument on the Motion to Dismiss the amended complaint on January
22, 2020 and on October 23, 2020, the court granted the motion dismissing the
amended claims. On November 30, 2020, CWCapital Cobalt Vr Ltd filed a notice of
appeal relating to the October 23, 2020 dismissal order. On April 27, 2021, the
First Department affirmed the dismissal as to claims against CWCAM that were
part of the August 20, 2019 dismissal, but reversed the dismissal of two counts
for breach of the Collateral Management Agreement against CWCI. CWCI sought
leave to file an appeal of the decision. The plaintiff also sought leave to
appeal the dismissal of the claims against CWCAM. Both requests for leave were
denied by the First Department. On May 15, 2020, CWCI and CWCAM filed a motion
to renew its motion to dismiss as to 4 of the remaining counts (including the
remaining two counts against CWCAM for aiding and abetting breach of fiduciary
duty and unjust enrichment), based on a decision entered by Judge Failla in a
trust instruction proceeding in the US District Court for the Southern District
of New York awarding summary judgment in favor of CWCAM. On September 7, 2021,
the court denied the motion to renew. CWCI and CWCAM filed a notice of appeal,
which they perfected by the filing of their opening brief on July 1, 2022. On
November 15, 2022, the First Department affirmed the court's denial of the
motion to renew. On October 1, 2021, CWCI and CWCAM moved to reargue the denial
of the motion to renew (or alternatively, the motion to dismiss) with respect
to certain of Cobalt's claims, including the remaining 2 claims against CWCAM,
based on the First Department's April 27, 2021 decision. On March 24, 2022, the
court denied the relief sought in the motion to reargue. CWCI and CWCAM have
appealed the court's decision on the motion to reargue and filed their opening
brief on July 11, 2022. The appeal was dismissed as being nonappealable on
August 30, 2022. CWCAM believes that it has performed its obligations under the
related pooling and servicing agreements in good faith and the remaining
allegations in the New Complaint are without merit.

 Item
1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions.

 The information regarding this Item has been provided
previously in an annual report on Form 10-K of the issuing entity or in the
prospectus of the issuing entity filed in a 424(b)(2) filing dated July 12, 2018.

 Item
1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

 The
reports on assessment of compliance with the servicing criteria for
asset-backed securities and the related attestation reports on such assessments
of compliance are attached hereto under Item 15.

 Item
1123 of Regulation AB, Servicer Compliance Statement.

 The
servicer compliance statements are attached hereto under Item 15.

 Item
15. Exhibits, Financial Statement Schedules.

 (a) Exhibits.

 (4.1) Pooling
and Servicing Agreement, dated as of July 1, 2018, between Morgan Stanley
Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master
servicer, LNR Partners, LLC, as special servicer, Wells Fargo Bank, National
Association, as certificate administrator, Wilmington Trust, National
Association, as trustee, and Park Bridge Lender Services LLC, as operating
advisor and as asset representations reviewer (filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K/A filed on September 7, 2018 under SEC
File No. 333-206582-15 and incorporated by reference herein).

 (4.2) Pooling
and Servicing Agreement, dated as of July 1, 2018, between UBS Commercial
Mortgage Securitization Corp., as depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as master servicer, LNR Partners, LLC, as
special servicer, Wells Fargo Bank, National Association, as trustee and as
certificate administrator, and Pentalpha Surveillance LLC, as operating advisor
and asset representations reviewer, relating to the UBS 2018-C11 securitization
transaction, pursuant to which the Orlando Airport Marriott Lakeside Mortgage
Loan is serviced (filed as Exhibit 4.2 to the registrant's Current Report on
Form 8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and

 (4.3) Pooling
and Servicing Agreement, dated as of May 1, 2018, between Banc of America
Merrill Lynch Commercial Mortgage Inc., as depositor, Wells Fargo Bank,
National Association, as general master servicer, Midland Loan Services, a
Division of PNC Bank, National Association, as general special servicer,
National Cooperative Bank, N.A., as NCB master servicer and NCB special
servicer, AEGON USA Realty Advisors, LLC, as Fair Oaks Mall special servicer,
Wilmington Trust, National Association, as trustee, Wells Fargo Bank, National
Association, as certificate administrator, and Park Bridge Lender Services LLC,
as operating advisor and asset representations reviewer, relating to the BANK
2018-BNK12 securitization transaction, pursuant to which the Rittenhouse Hill
Mortgage Loan is serviced (filed as Exhibit 4.3 to the registrant's Current
Report on Form 8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and

 (4.4) Pooling
and Servicing Agreement, dated as of March 1, 2018, between Citigroup
Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer, LNR Partners,
LLC, as special servicer, Wilmington Trust, National Association, as trustee,
Citibank, N.A., as certificate administrator, and Park Bridge Lender Services
LLC, as operating advisor and asset representations reviewer, relating to the
CGCMT 2018-B2 securitization transaction, pursuant to which the Axcelis
Corporate Center Mortgage Loan and the Fort Knox Executive Park Mortgage Loan
are serviced (filed as Exhibit 4.4 to the registrant's Current Report on Form
8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and incorporated by

 (4.5) Pooling
and Servicing Agreement, dated as of May 1, 2018, between Wells Fargo
Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National
Association, as master servicer, Rialto Capital Advisors, LLC, as special
servicer, Wilmington Trust, National Association, as trustee, Wells Fargo Bank,
National Association, as certificate administrator, and Pentalpha Surveillance
LLC, as operating advisor and asset representations reviewer, relating to the
WFCM 2018-C44 securitization transaction, pursuant to which the Prince and
Spring Street Portfolio Mortgage Loan is serviced (filed as Exhibit 4.6 to the

 (4.6) Pooling
and Servicing Agreement, dated as of July 1, 2018, between Deutsche Mortgage
& Asset Receiving Corporation, as depositor, Wells Fargo Bank, National
Association, as master servicer, CWCapital Asset Management LLC, as special
servicer, Wells Fargo Bank, National Association, as certificate administrator,
Wilmington Trust, National Association, as trustee, and Park Bridge Lender
Services LLC, as operating advisor and as asset representations reviewer,
relating to the Benchmark 2018-B4 securitization transaction, pursuant to which
the Westbrook Corporate Center Mortgage Loan and the 636 11th Avenue Mortgage
Loan are serviced (filed as Exhibit 4.7 to the registrant's Current Report on
Form 8-K filed on July 19, 2018 under SEC File No. 333-206582-15 and

 (4.7) Pooling
and Servicing Agreement, dated as of August 1, 2018, between Wells Fargo
Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National
Association, as general master servicer, Torchlight Loan Services, LLC, as
general special servicer, National Cooperative Bank, N.A., as NCB master
servicer and NCB special servicer, Wells Fargo Bank, National Association, as
certificate administrator, Wilmington Trust, National Association, as trustee,
and Pentalpha Surveillance LLC, as operating advisor and as asset
representations reviewer, relating to the BANK 2018-BNK13 securitization
transaction, pursuant to which the Griffin Portfolio II Mortgage Loan is
serviced (filed as Exhibit 4.8 to the registrant's Current Report on Form 8-K
filed on August 8, 2018 under SEC File No. 333-206582-15 and incorporated by

 (31)
 Rule 13a-14(d)/15d-14(d) Certification.

 (33)
Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1 Wells Fargo Bank,
National Association, as Certificate Administrator

 33.2
as Servicing Function Participant for the Certificate Administrator

 33.3
Custodian

 33.4
as Servicing Function Participant for the Custodian

 33.5
Servicer

 33.6
 LNR Partners, LLC, as Special Servicer

 33.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 33.8
 KeyBank National Association, as Primary Servicer

 33.9
Participant

 33.10
Servicer under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 33.5)

 33.11
Participant under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 33.9)

 33.12
Servicer under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.5)

 33.13
Participant under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.9)

 33.14
(see Exhibit 33.5)

 33.15
Participant under the Benchmark 2018-B4 securitization, pursuant to which the
(see Exhibit 33.9)

 33.16
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the UBS 2018-C11 securitization,
Orlando Airport Marriott Lakeside (from 1/1/24 to 12/31/24)

 33.17
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the CGCMT 2018-B2
securitization, pursuant to which the following mortgage loans were serviced by
such party: Axcelis Corporate Center (from 1/1/24 to 12/31/24) and Fort Knox
Executive Park (from 1/1/24 to 12/31/24) (see Exhibit 33.16)

 33.18
Servicer under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 33.5)

 33.19
Participant under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 33.9)

 33.20
 Mount Street US (Georgia) LLP, as Special Servicer
under the BANK 2018-BNK13 securitization, pursuant to which the following
mortgage loans were serviced by such party: Griffin Portfolio II (from 1/1/24
to 12/31/24)

 33.21
under the BANK 2018-BNK12 securitization, pursuant to which the following
mortgage loans were serviced by such party: Rittenhouse Hill (from 1/1/24 to
12/31/24)

 33.22
 CWCapital Asset Management LLC, as Special

 33.23
under the UBS 2018-C11 securitization, pursuant to which the following mortgage
loans were serviced by such party: Orlando Airport Marriott Lakeside (from
1/1/24 to 12/31/24) (see Exhibit 33.21)

 33.24
 LNR Partners, LLC, as Special Servicer under the
CGCMT 2018-B2 securitization, pursuant to which the following mortgage loans
were serviced by such party: Axcelis Corporate Center (from 1/1/24 to 12/31/24)
and Fort Knox Executive Park (from 1/1/24 to 12/31/24) (see Exhibit 33.6)

 33.25
Custodian under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 33.3)

 33.26
as Servicing Function Participant under the BANK 2018-BNK13 securitization, pursuant
to which the following mortgage loans were serviced by such party: Griffin
Portfolio II (from 1/1/24 to 12/31/24) (see Exhibit 33.4)

 33.27
Custodian under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.3)

 33.28
as Servicing Function Participant under the BANK 2018-BNK12 securitization,
Rittenhouse Hill (from 1/1/24 to 12/31/24) (see Exhibit 33.4)

 33.29
Custodian under the Benchmark 2018-B4 securitization, pursuant to which the
(see Exhibit 33.3)

 33.30
as Servicing Function Participant under the Benchmark 2018-B4 securitization,
Westbrook Corporate Center (from 1/1/24 to 12/31/24) and 636 11th Avenue (from
1/1/24 to 12/31/24) (see Exhibit 33.4)

 33.31
Custodian under the UBS 2018-C11 securitization, pursuant to which the
following mortgage loans were serviced by such party: Orlando Airport Marriott
Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 33.3)

 33.32
as Servicing Function Participant under the UBS 2018-C11 securitization,
Orlando Airport Marriott Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 33.4)

 33.33
Custodian under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 33.3)

 33.34
as Servicing Function Participant under the WFCM 2018-C44 securitization,
Prince and Spring Street Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 33.4)

 (34) Attestation
reports on assessment of compliance with servicing criteria for asset-backed
securities.

 34.1
Certificate Administrator

 34.2
as Servicing Function Participant for the Certificate Administrator

 34.3
Custodian

 34.4
as Servicing Function Participant for the Custodian

 34.5
Servicer

 34.6
 LNR Partners, LLC, as Special Servicer

 34.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 34.8
 KeyBank National Association, as Primary Servicer

 34.9
Participant

 34.10
 Wells Fargo Bank, National Association, as Master Servicer
under the BANK 2018-BNK13 securitization, pursuant to which the following
mortgage loans were serviced by such party: Griffin Portfolio II (from 1/1/24
to 12/31/24) (see Exhibit 34.5)

 34.11
Participant under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 34.9)

 34.12
Servicer under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.5)

 34.13
Participant under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.9)

 34.14
(see Exhibit 34.5)

 34.15
Participant under the Benchmark 2018-B4 securitization, pursuant to which the
(see Exhibit 34.9)

 34.16
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the UBS 2018-C11 securitization,
Orlando Airport Marriott Lakeside (from 1/1/24 to 12/31/24)

 34.17
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the CGCMT 2018-B2
securitization, pursuant to which the following mortgage loans were serviced by
such party: Axcelis Corporate Center (from 1/1/24 to 12/31/24) and Fort Knox
Executive Park (from 1/1/24 to 12/31/24) (see Exhibit 34.16)

 34.18
Servicer under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 34.5)

 34.19
Participant under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 34.9)

 34.20
 Mount Street US (Georgia) LLP, as Special Servicer
under the BANK 2018-BNK13 securitization, pursuant to which the following
mortgage loans were serviced by such party: Griffin Portfolio II (from 1/1/24
to 12/31/24)

 34.21
under the BANK 2018-BNK12 securitization, pursuant to which the following
mortgage loans were serviced by such party: Rittenhouse Hill (from 1/1/24 to
12/31/24)

 34.22
 CWCapital Asset Management LLC, as Special

 34.23
under the UBS 2018-C11 securitization, pursuant to which the following mortgage
loans were serviced by such party: Orlando Airport Marriott Lakeside (from
1/1/24 to 12/31/24) (see Exhibit 34.21)

 34.24
 LNR Partners, LLC, as Special Servicer under the
CGCMT 2018-B2 securitization, pursuant to which the following mortgage loans
were serviced by such party: Axcelis Corporate Center (from 1/1/24 to 12/31/24)
and Fort Knox Executive Park (from 1/1/24 to 12/31/24) (see Exhibit 34.6)

 34.25
Custodian under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 34.3)

 34.26
as Servicing Function Participant under the BANK 2018-BNK13 securitization,
Griffin Portfolio II (from 1/1/24 to 12/31/24) (see Exhibit 34.4)

 34.27
Custodian under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.3)

 34.28
as Servicing Function Participant under the BANK 2018-BNK12 securitization,
Rittenhouse Hill (from 1/1/24 to 12/31/24) (see Exhibit 34.4)

 34.29
Custodian under the Benchmark 2018-B4 securitization, pursuant to which the
(see Exhibit 34.3)

 34.30
as Servicing Function Participant under the Benchmark 2018-B4 securitization,
Westbrook Corporate Center (from 1/1/24 to 12/31/24) and 636 11th Avenue (from
1/1/24 to 12/31/24) (see Exhibit 34.4)

 34.31
Custodian under the UBS 2018-C11 securitization, pursuant to which the
following mortgage loans were serviced by such party: Orlando Airport Marriott
Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 34.3)

 34.32
as Servicing Function Participant under the UBS 2018-C11 securitization,
Orlando Airport Marriott Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 34.4)

 34.33
Custodian under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 34.3)

 34.34
as Servicing Function Participant under the WFCM 2018-C44 securitization,
Prince and Spring Street Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 34.4)

 (35) Servicer
compliance statement.

 35.1
Certificate Administrator

 35.2
as Servicing Function Participant for the Certificate Administrator

 35.3
Custodian

 35.4
as Servicing Function Participant for the Custodian

 35.5
Servicer

 35.6
 LNR Partners, LLC, as Special Servicer

 35.7
 KeyBank National Association, as Primary Servicer

 35.8
Servicer under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 35.5)

 35.9
Servicer under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 35.5)

 35.10
(see Exhibit 35.5)

 35.11
 Wells Fargo Bank, National Association, as Master Servicer
under the WFCM 2018-C44 securitization, pursuant to which the following
mortgage loans were serviced by such party: Prince and Spring Street Portfolio
(from 1/1/24 to 12/31/24) (see Exhibit 35.5)

 35.12
under the BANK 2018-BNK12 securitization, pursuant to which the following
mortgage loans were serviced by such party: Rittenhouse Hill (from 1/1/24 to
12/31/24)

 35.13
under the UBS 2018-C11 securitization, pursuant to which the following mortgage
loans were serviced by such party: Orlando Airport Marriott Lakeside (from
1/1/24 to 12/31/24) (see Exhibit 35.12)

 35.14
 LNR Partners, LLC, as Special Servicer under the
CGCMT 2018-B2 securitization, pursuant to which the following mortgage loans
were serviced by such party: Axcelis Corporate Center (from 1/1/24 to 12/31/24)
and Fort Knox Executive Park (from 1/1/24 to 12/31/24) (see Exhibit 35.6)

 35.15
Custodian under the BANK 2018-BNK13 securitization, pursuant to which the
(from 1/1/24 to 12/31/24) (see Exhibit 35.3)

 35.16
as Servicing Function Participant under the BANK 2018-BNK13 securitization,
Griffin Portfolio II (from 1/1/24 to 12/31/24) (see Exhibit 35.4)

 35.17
Custodian under the BANK 2018-BNK12 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 35.3)

 35.18
as Servicing Function Participant under the BANK 2018-BNK12 securitization,
Rittenhouse Hill (from 1/1/24 to 12/31/24) (see Exhibit 35.4)

 35.19
Custodian under the Benchmark 2018-B4 securitization, pursuant to which the
(see Exhibit 35.3)

 35.20
 Computershare Trust Company, National Association, as
Servicing Function Participant under the Benchmark 2018-B4 securitization,
Westbrook Corporate Center (from 1/1/24 to 12/31/24) and 636 11th Avenue (from
1/1/24 to 12/31/24) (see Exhibit 35.4)

 35.21
Custodian under the UBS 2018-C11 securitization, pursuant to which the
following mortgage loans were serviced by such party: Orlando Airport Marriott
Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 35.3)

 35.22
as Servicing Function Participant under the UBS 2018-C11 securitization,
Orlando Airport Marriott Lakeside (from 1/1/24 to 12/31/24) (see Exhibit 35.4)

 35.23
Custodian under the WFCM 2018-C44 securitization, pursuant to which the
Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 35.3)

 35.24
as Servicing Function Participant under the WFCM 2018-C44 securitization,
Prince and Spring Street Portfolio (from 1/1/24 to 12/31/24) (see Exhibit 35.4)

 (99.1) Mortgage
Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.1 to
the registrant's Current Report on Form 8-K filed on July 12, 2018 under SEC
File No. 333-206582-15 and incorporated by reference herein).

 (99.2) Mortgage
Inc. and KeyBank National Association (filed as Exhibit 99.2 to the

 (99.3) Mortgage
Inc. and Argentic Real Estate Finance LLC (filed as Exhibit 99.3 to the

 (99.4) Mortgage
Inc. and Starwood Mortgage Funding III LLC and Starwood Mortgage Capital LLC
(filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on
July 12, 2018 under SEC File No. 333-206582-15 and incorporated by reference
herein).

 (99.5) Mortgage
Inc. and Bank of America, National Association (filed as Exhibit 99.5 to the

 (99.6) Mortgage
Inc. and Citi Real Estate Funding Inc. (filed as Exhibit 99.6 to the

 (99.7) Agreement
Between Noteholders, dated as of April 27, 2018, by and between Bank of
America, N.A. and KeyBank National Association, relating to the Griffin
Portfolio II loan combination (filed as Exhibit 99.7 to the registrant's
Current Report on Form 8-K filed on July 12, 2018 under SEC File No.
333-206582-15 and incorporated by reference herein).

 (99.8) Agreement
Between Note Holders, dated as of May 24, 2018, by and between Morgan Stanley
Bank, N.A., as initial note A-1 holder, Morgan Stanley Bank, N.A., as initial
note A-2 holder, and Morgan Stanley Bank, N.A., as initial note A-3 holder,
relating to the Rittenhouse Hill loan combination (filed as Exhibit 99.8 to the

 (99.9) Agreement
Between Noteholders, dated as of May 4, 2018, by and among KeyBank National
Association, as initial note A-1 holder, KeyBank National Association, as note
A-2 holder, and KeyBank National Association, as initial note A-3 holder,
relating to the HTI Medical Office Portfolio loan combination (filed as Exhibit
99.9 to the registrant's Current Report on Form 8-K filed on July 12, 2018
under SEC File No. 333-206582-15 and incorporated by reference herein).

 (99.10) Agreement
Between Note Holders, dated as of July 12, 2018, by and between Morgan Stanley
Bank, N.A., as initial note A-1 holder, Morgan Stanley Bank, N.A., as initial
note A-2 holder, and Morgan Stanley Bank, N.A., as initial note A-3 holder,
relating to the Shoppes at Chino Hills loan combination (filed as Exhibit 99.10
to the registrant's Current Report on Form 8-K filed on July 12, 2018 under SEC
File No. 333-206582-15 and incorporated by reference herein).

 (99.11) Co-Lender
Agreement, dated as of July 1, 2018, by and between Citi Real Estate Funding
Inc., as initial note A-1 holder, Citi Real Estate Funding Inc., as initial
note A-2 holder, and Citi Real Estate Funding Inc., as initial note A-3 holder,
relating to the Westbrook Corporate Center loan combination (filed as Exhibit
99.11 to the registrant's Current Report on Form 8-K filed on July 12, 2018
under SEC File No. 333-206582-15 and incorporated by reference herein).

 (99.12) Co-Lender
Agreement, dated as of May 17, 2018, by and among Starwood Mortgage Capital
LLC, as initial note A-1 holder, Starwood Mortgage Capital LLC, as initial note
A-2 holder, Starwood Mortgage Capital LLC, as initial note A-3 holder, Starwood
Mortgage Capital LLC, as initial note A-4 holder, Starwood Mortgage Capital
LLC, as initial note A-5 holder, and Starwood Mortgage Capital LLC, as initial
note A-6 holder, relating to the Playa Largo loan combination (filed as Exhibit
99.12 to the registrant's Current Report on Form 8-K filed on July 12, 2018
under SEC File No. 333-206582-15 and incorporated by reference herein).

 (99.13) Agreement
Between Note Holders, dated as of July 6, 2018, by and between SPREF WH II LLC,
as initial note A-1 holder, SPREF WH II LLC, as initial note A-2 holder, SPREF
WH II LLC, as initial note A-3 holder, SPREF WH II LLC, as initial note A-4
holder, SPREF WH II LLC, as initial note A-5 holder, SPREF WH II LLC, as
initial note A-6 holder, relating to the Torrance Technology Campus loan
combination (filed as Exhibit 99.13 to the registrant's Current Report on Form
8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and incorporated by

 (99.14) Agreement
Between Noteholders, dated as of July 6, 2018, by and between SPREF WH II LLC,
as initial note A-1 holder, SPREF WH II LLC, as initial note A-2 holder, SPREF
WH II LLC, as initial note A-3 holder, SPREF WH II LLC, as initial note A-4
holder, SPREF WH II LLC, as initial note A-5 holder, and SPREF WH II LLC, as
initial note A-6 holder, relating to the Orlando Airport Marriott Lakeside loan
combination (filed as Exhibit 99.14 to the registrant's Current Report on Form
8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and incorporated by

 (99.15) Agreement
Between Note Holders, dated as of March 20, 2018, by and between Morgan Stanley
Bank, N.A., as initial note A-1 holder, and Morgan Stanley Bank, N.A., as
initial note A-2 holder, relating to the Axcelis Corporate Center loan
combination (filed as Exhibit 99.15 to the registrant's Current Report on Form
8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and incorporated by

 (99.16) Co-Lender
Agreement, dated as of June 21, 2018, between JPMorgan Chase Bank, National
Association, as initial note A-1 holder, JPMorgan Chase Bank, National
Association, as initial note A-2 holder, JPMorgan Chase Bank, National
Association, as initial note A-3 holder, Citi Real Estate Funding Inc., as
initial note A-4 holder, and Citi Real Estate Funding Inc., as initial note A-5
holder, relating to the 636 11th Avenue loan combination (filed as Exhibit
99.16 to the registrant's Current Report on Form 8-K filed on July 12, 2018
under SEC File No. 333-206582-15 and incorporated by reference herein).

 (99.17) Agreement
Between Note Holders, dated as of May 6, 2018, by and between SPREF WH II LLC,
as initial note A-1 holder, and SPREF WH II LLC, as initial note A-2 holder,
relating to the Prince and Spring Street Portfolio loan combination (filed as
Exhibit 99.17 to the registrant's Current Report on Form 8-K filed on July 12,
2018 under SEC File No. 333-206582-15 and incorporated by reference herein).

 (99.18) Amended
& Restated Co-Lender Agreement, dated as of May 11, 2018, by and among
Wilmington Trust, National Association, as trustee for the benefit of the
registered holders of the Citigroup Commercial Mortgage Trust 2018-B2
Commercial Mortgage Pass-Through Certificates, Series 2018-B2, as note A-1
holder, Starwood Mortgage Capital LLC, as initial note A-2-1 holder, and
Starwood Mortgage Capital LLC, as initial note A-2-2 holder, relating to the
Fort Knox Executive Park loan combination (filed as Exhibit 99.18 to the

 (99.19) Primary
Servicing Agreement, dated as of July 1, 2018, by and between Wells Fargo Bank,
National Association, as master servicer, and KeyBank National Association, as
primary servicer (filed as Exhibit 99.19 to the registrant's Current Report on
Form 8-K filed on July 12, 2018 under SEC File No. 333-206582-15 and

 (99.20) Second
Amended and Restated Servicing Agreement, effective as of October 31, 2021,
between Wells Fargo Bank, N.A., Wells Fargo Delaware Trust Company, N.A.,
Computershare Trust Company, N.A., Computershare Delaware Trust Company and
Computershare Limited (filed as Exhibit 99.1 to the registrant's Current Report
on Form 8-K filed on November 5, 2021 under SEC File No. 333-206582-15 and

 (b)
See (a) above.

 (c) Not
Applicable.

 SIGNATURES

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

 Morgan
Stanley Capital I Inc.

 (Depositor)

 By:
/s/ Jane Lam

 Jane
Lam, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 25, 2025


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, 2024

OR

 //
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: 333-206582-06

 Central Index Key Number of the issuing entity:
0001689417

 Morgan Stanley Capital I Trust 2016-UBS12

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

 Central Index Key Number of the depositor: 0001547361

 Morgan Stanley Capital I Inc.

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

 Central Index Key Number of the sponsor: 0001685185

 UBS AG

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001541557

 Morgan Stanley Mortgage Capital Holdings LLC

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001102113

 Bank of America, National Association

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001542256

 Natixis Real Estate Capital LLC

 (exact names of the sponsors as specified in their
charters)

 New York

 38 4014781

 38 4014782

 38 7170490

 (State or other jurisdiction of incorporation or
 organization)

 (I.R.S. Employer Identification Numbers)

 c/o
Computershare Trust Company, National Association, as agent for

 Wells Fargo Bank, National
Association

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices)

 21045

 (Zip Code)

 Telephone number,
including area code:

 (667) 786 1992

 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.

by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.

 Yes
___ No X

by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.

 Yes
___ No X

 Note
- Checking the box above will not relieve any registrant required to file
reports pursuant to Section 13 or 15(d) of the Exchange Act from their
obligations under those Sections.

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
X No ___

by check mark whether the registrant has submitted electronically every
Interactive Data File required to be submitted 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 such
files).

 Not

by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, a smaller reporting company, or
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 ___

Accelerated filer ___

Non-accelerated filer X (Do not check if a smaller reporting company)

Smaller reporting company ___

 Emerging
growth company ___

 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 Ex change Act.

 Not

 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.

 Not

 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.

 Not applicable.

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).

 Not applicable.

by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).

 Yes
___ No X

 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

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.

 Not

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

 Not

 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

 EXPLANATORY NOTES

 The MSC
2016-UBS12 mortgage pool includes the following mortgage loans, each of which
is serviced pursuant to a separate pooling and servicing agreement (each, an
"Outside Pooling and Servicing Agreement"):

 • the Vintage Park mortgage loan and the
Huntington Center mortgage loan, which are serviced pursuant to the MSBAM
2016-C31 pooling and servicing agreement attached hereto as Exhibit 4.2; and

 • the 101 Hudson Street mortgage loan, which
is serviced pursuant to the MSC 2016-BNK2 pooling and servicing agreement
attached hereto as Exhibit 4.3.

 Except as
set forth below, each of the parties to each pooling and servicing agreement
listed in the Exhibit Index both (1) participates in the servicing function for
purposes of Item 1122 of Regulation AB and (2) constitutes a servicer that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB for
purposes of Item 1123 of Regulation AB:

 • The trustee under a pooling and servicing
agreement has a nominal role with respect to the mortgage pool securitized
pursuant to such pooling and servicing agreement. The trustee's only servicing
function is the contingent obligation to make certain advances if the master
servicer under such pooling and servicing agreement fails to do so, while all
other servicing functions are performed by other parties. The trustee under
each of the pooling and servicing agreements listed in the Exhibit Index has
confirmed to the registrant that it has not made any such contingent advances
during the reporting period, and consequently, each such trustee does not
participate in the servicing function for purposes of Item 1122 of Regulation
AB, nor does it perform the functions of a servicer for purposes of the
definition of "servicer" under Item 1101 of Regulation AB or for purposes of
Item 1123 of Regulation AB.

 • The certificate administrator under a
pooling and servicing agreement performs various payment administration
functions solely for the securitization governed by such pooling and servicing
agreement and the mortgage pool securitized pursuant to such pooling and
servicing agreement and does not have any obligations with respect to any other
transaction. Consequently, the certificate administrator under an Outside
Pooling and Servicing Agreement does not participate in the servicing function
for purposes of Item 1122 of Regulation AB, nor does it perform the functions
of a servicer for purposes of the definition of "servicer" under Item 1101 of
Regulation AB or for purposes of Item 1123 of Regulation AB.

 • The operating advisor under a pooling and
servicing agreement represents the interests of senior certificateholders in
the transaction governed by such pooling and servicing agreement and is
responsible for monitoring the performance of the special servicer under such
pooling and servicing agreement and producing certain reports to
certificateholders relating to the resolution of the mortgage pool securitized
pursuant to such pooling and servicing agreement. The operating advisor under a
pooling and servicing agreement does not have any obligations with respect to
any other transaction and is solely obligated to perform loan reporting
functions with respect to the securitization governed by such pooling and
servicing agreement. Consequently, the operating advisor under an Outside
Pooling and Servicing Agreement neither participates in the servicing function
for purposes of Item 1122 of Regulation AB nor performs the functions of a
servicer for purposes of the definition of "servicer" under Item 1101 of
Regulation AB or for purposes of Item 1123 of Regulation AB. In addition, while
the operating advisor under a pooling and servicing agreement has certain
reporting obligations in respect of the related mortgage pool, it has no
obligation to collect or disburse funds in respect of the mortgage pool or to
administer any of the underlying mortgage loans. Consequently, the operating
advisor under a pooling and servicing agreement participates in the servicing
function for purposes of Item 1122 of Regulation AB, but is not responsible for
the "management or collection of the pool assets or making allocations or
distributions to holders of the asset-backed securities" within the meaning of
"servicer" under Item 1101 of Regulation AB and does not perform the functions
of a servicer for purposes of Item 1123 of Regulation AB.

 • The asset
representations reviewer under a pooling and servicing agreement has a limited
obligation to review certain delinquent mortgage loans after a specified
delinquency threshold has been met and the required percentage of
certificateholders vote to direct a review of such delinquent mortgage loans,
and has no obligation to collect or disburse funds in respect of the mortgage
pool, to administer any of the underlying mortgage loans or to perform any
servicing function. Consequently, the asset representations reviewer
under a pooling and servicing agreement does not participate in the servicing
function for purposes of Item 1122 of Regulation AB, is not responsible for the
"management or collection of the pool assets or making allocations or distributions
to holders of the asset-backed securities" within the meaning of "servicer"
under Item 1101 of Regulation AB and does not perform the functions of a
servicer for purposes of Item 1123 of Regulation AB.

 • Greystone
Servicing Company LLC is the current special servicer under the MSC 2016-BNK2
pooling and servicing agreement, pursuant to which the 101 Hudson Street
mortgage loan is serviced. On August 26, 2020, C-III Asset Management LLC was
replaced as special servicer under the MSC 2016-BNK2 pooling and servicing
agreement and was succeeded by Greystone Servicing Company LLC, to which C-III
Asset Management LLC assigned substantially all of its assets. Because
Greystone Servicing Company LLC is not the MSC 2016-UBS12 special servicer, is
not affiliated with any sponsor and services only the 101 Hudson Street
mortgage loan, which constitutes more than 5% but less than 10% of the mortgage
pool, Greystone Servicing Company LLC, as MSC 2016-BNK2 special servicer,
constitutes a reporting "servicing function participant" for purposes of Item
1122 of Regulation AB, as specified in the Instruction 3 to Item 1122, but does
not constitute a reporting "servicer" for purposes of Item 1123 of Regulation
AB, as specified in the Instruction to Item 1123.

 • The Novo
Nordisk mortgage loan, which was serviced pursuant to the CSMC 2016-NXSR
pooling and servicing agreement, was paid in full on November 5, 2021.

 • The
Greenwich Office Park mortgage loan, which was serviced pursuant to the CSMC
2016-NXSR pooling and servicing agreement, was paid in full on December 5,
2021.

 In addition, each of the following parties engaged the services of
certain servicing function participants and sub-servicers for the reporting
period, as set forth below:

 • Wells Fargo Bank,
National Association, as master servicer under the MSBAM 2016-C31 pooling and
servicing agreement, pursuant to which the Vintage Park and Huntington Center
mortgage loans are serviced, engaged the services of CoreLogic Solutions, LLC
as a servicing function participant in respect of the Vintage Park and
Huntington Center mortgage loans for the reporting period.

 • Wells Fargo Bank,
National Association, as master servicer under the MSC 2016-BNK2 pooling and
servicing agreement, pursuant to which the 101 Hudson Street mortgage loan is
serviced, engaged the services of CoreLogic Solutions, LLC as a servicing
function participant in respect of the 101 Hudson Street mortgage loan for the
reporting period.

 • On November 1,
2021, pursuant to the second amended and restated servicing agreement attached
hereto as Exhibit 99.16, Computershare Trust Company, National Association was
engaged to perform all or virtually all of Wells Fargo Bank, National
Association's roles as certificate administrator, custodian and trustee, as
applicable, under (i) the pooling and servicing agreement and (ii) each Outside
Pooling and Servicing Agreement.

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff
 Comments.

 None.

 Item 1C.

 Cybersecurity.

 Item 2.

 Properties.

 Item 3.

 Legal Proceedings.

 Item 4.

 Mine Safety Disclosures.

 Item 5.

 Market for Registrant's
 Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
 Securities.

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion
 and Analysis of Financial Condition and Results of Operations.

 Item 7A.

 Quantitative and
 Qualitative Disclosures About Market Risk.

 Item 8.

 Financial Statements and
 Supplementary Data.

 Item 9.

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

 Item 9A.

 Controls and Procedures.

 Item 9B.

 Other Information.

 None.

 Item 9C.

 Disclosure Regarding
 Foreign Jurisdictions that Prevent Inspections.

 None.

 Item 10.

 Directors, Executive
 Officers and Corporate Governance.

 Item 11.

 Executive Compensation.

 Item 12.

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

 Item 13.

 Certain Relationships and
 Related Transactions, and Director Independence.

 Item 14.

 Principal Accountant Fees
 and Services.

 ADDITIONAL
DISCLOSURE ITEMS FOR REGULATION AB

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

 Not

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

 No entity
or group of affiliated entities provides any enhancement or other support for
the certificates 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 for
the certificates as described under Item 1115 of Regulation AB.

 Item
1117 of Regulation AB, Legal Proceedings.

 The registrant knows of
no legal proceeding pending against the sponsors, depositor, trustee, issuing
entity, servicer contemplated by Item 1108(a)(3) of Regulation AB, originator
contemplated by Item 1110(b) of Regulation AB, or other party contemplated by
Item 1100(d)(1) of Regulation AB, or of which any property of the foregoing is
the subject, that is material to security holders, other than as follows:

 In
December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related entities
filed a complaint in the United States District Court for the Southern District
of New York alleging claims against Wells Fargo 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, IKB International and IKB Deutsche Industriebank
(together, IKB) in New York state court, and Park Royal I LLC and Park Royal II
LLC 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 obligations of mortgage loan sellers for
purported breaches of representations and warranties, notify investors of
alleged events of default, and abide by appropriate standards of care following
alleged events of default. In July 2022, the district court dismissed Phoenix
Light's claims and certain of the claims asserted by Commerzbank AG, and
subsequently entered judgment in each case in favor of Wells Fargo Bank, N.A.
In August 2022, Phoenix Light and Commerzbank AG each appealed the district
court's decision to the United States Court of Appeals for the Second Circuit.
Phoenix Light dismissed its appeal in May 2023, terminating its case. In
October 2024, the Second Circuit denied Commerzbank AG's appeal. In November
2023, Wells Fargo Bank, N.A. entered into an agreement with IKB to resolve
IKB's claims. Wells Fargo Bank, N.A. previously settled two class actions filed
by institutional investors and an action filed by the National Credit Union
Administration with similar allegations.

 Item
1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions.

 The
information regarding this Item has been provided previously in an annual
report on Form 10-K of the issuing entity or in the prospectus of the issuing
entity filed in a 424(b)(2) filing dated December 8, 2016.

 Item
1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

 The
reports on assessment of compliance with the servicing criteria for
asset-backed securities and the related attestation reports on such assessments
of compliance are attached hereto under Item 15.

 Item
1123 of Regulation AB, Servicer Compliance Statement.

 The
servicer compliance statements are attached hereto under Item 15.

 Item
15. Exhibits, Financial Statement Schedules.

 (a) Exhibits.

 (4.1)
 Pooling and Servicing Agreement, dated as of December
1, 2016, between Morgan Stanley Capital I Inc., as depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as master servicer,
Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National
Association, as trustee, certificate administrator, certificate registrar,
authenticating agent and custodian, and Park Bridge Lender Services LLC, as
operating advisor and asset representations reviewer (filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K/A filed on December 20, 2016 under SEC

 (4.2)
 Pooling and Servicing Agreement, dated as of November
1, 2016, between Banc of America Merrill Lynch Commercial Mortgage Inc., as
depositor, Wells Fargo Bank, National Association, as master servicer, Rialto
Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National
Association, as certificate administrator, Wilmington Trust, National
Association, as trustee, and Park Bridge Lender Services LLC, as operating
advisor and as asset representations reviewer, relating to the MSBAM 2016-C31
securitization transaction, pursuant to which the Vintage Park Mortgage Loan
and the Huntington Center Mortgage Loan are serviced (filed as Exhibit 4.2 to
the registrant's Current Report on Form 8-K filed on December 8, 2016 under SEC

 (4.3)
 Pooling and Servicing Agreement, dated as of November
1, 2016, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,
National Association, as master servicer, C-III Asset Management LLC, as
special servicer, Wells Fargo Bank, National Association, as certificate
administrator and custodian, Wilmington Trust, National Association, as
trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset
representations reviewer, relating to the MSC 2016-BNK2 securitization transaction,
pursuant to which the 101 Hudson Street Mortgage Loan is serviced (filed as
Exhibit 4.3 to the registrant's Current Report on Form 8-K/A filed on March 1,
2017 under SEC File No. 333-206582-06 and incorporated by reference herein).

 (31)
 Rule 13a-14(d)/15d-14(d) Certification.

 (33)
Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
Certificate Administrator

 33.2
as Servicing Function Participant for the Certificate Administrator

 33.3
Custodian

 33.4
as Servicing Function Participant for the Custodian

 33.5
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer

 33.6

 33.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 33.8
Servicer under the MSBAM 2016-C31 securitization, pursuant to which the

 33.9
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSBAM 2016-C31 securitization, pursuant to which the

 33.10
1/1/24 to 12/31/24) (see exhibit 33.8)

 33.11
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSC 2016-BNK2 securitization, pursuant to which the
1/1/24 to 12/31/24) (see exhibit 33.9)

 33.12
under the MSBAM 2016-C31 securitization, pursuant to which the following
mortgage loans were serviced by such party: Vintage Park (from 1/1/24 to
12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 33.6)

 33.13
 Greystone Servicing Company LLC, as Special
1/1/24 to 12/31/24)

 33.14
Custodian under the MSBAM 2016-C31 securitization, pursuant to which the
to 12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 33.3)

 33.15
as Servicing Function Participant under the MSBAM 2016-C31 securitization,
pursuant to which the following mortgage loans were serviced by such party:
Vintage Park (from 1/1/24 to 12/31/24) and Huntington Center (from 1/1/24 to
12/31/24) (see exhibit 33.4)

 33.16
Custodian under the MSC 2016-BNK2 securitization, pursuant to which the
1/1/24 to 12/31/24) (see exhibit 33.3)

 33.17
as Servicing Function Participant under the MSC 2016-BNK2 securitization,
pursuant to which the following mortgage loans were serviced by such party: 101
Hudson Street (from 1/1/24 to 12/31/24) (see exhibit 33.4)

 (34) Attestation
reports on assessment of compliance with servicing criteria for asset-backed
securities.

 34.1
Certificate Administrator

 34.2
as Servicing Function Participant for the Certificate Administrator

 34.3
Custodian

 34.4
as Servicing Function Participant for the Custodian

 34.5
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer

 34.6

 34.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 34.8
Servicer under the MSBAM 2016-C31 securitization, pursuant to which the

 34.9
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSBAM 2016-C31 securitization, pursuant to which the

 34.10
1/1/24 to 12/31/24) (see exhibit 34.8)

 34.11
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSC 2016-BNK2 securitization, pursuant to which the
1/1/24 to 12/31/24) (see exhibit 34.9)

 34.12
under the MSBAM 2016-C31 securitization, pursuant to which the following
mortgage loans were serviced by such party: Vintage Park (from 1/1/24 to
12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 34.6)

 34.13
 Greystone Servicing Company LLC, as Special
1/1/24 to 12/31/24)

 34.14
Custodian under the MSBAM 2016-C31 securitization, pursuant to which the
to 12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 34.3)

 34.15
as Servicing Function Participant under the MSBAM 2016-C31 securitization,
pursuant to which the following mortgage loans were serviced by such party:
Vintage Park (from 1/1/24 to 12/31/24) and Huntington Center (from 1/1/24 to
12/31/24) (see exhibit 34.4)

 34.16
Custodian under the MSC 2016-BNK2 securitization, pursuant to which the
1/1/24 to 12/31/24) (see exhibit 34.3)

 34.17
as Servicing Function Participant under the MSC 2016-BNK2 securitization,
pursuant to which the following mortgage loans were serviced by such party: 101
Hudson Street (from 1/1/24 to 12/31/24) (see exhibit 34.4)

 (35) Servicer
compliance statement.

 35.1
Certificate Administrator

 35.2
as Servicing Function Participant for the Certificate Administrator

 35.3
Custodian

 35.4
as Servicing Function Participant for the Custodian

 35.5
 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer

 35.6

 35.7
Servicer under the MSBAM 2016-C31 securitization, pursuant to which the

 35.8
1/1/24 to 12/31/24) (see exhibit 35.7)

 35.9
under the MSBAM 2016-C31 securitization, pursuant to which the following
mortgage loans were serviced by such party: Vintage Park (from 1/1/24 to
12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 35.6)

 35.10
Custodian under the MSBAM 2016-C31 securitization, pursuant to which the
to 12/31/24) and Huntington Center (from 1/1/24 to 12/31/24) (see exhibit 35.3)

 35.11
as Servicing Function Participant under the MSBAM 2016-C31 securitization,
pursuant to which the following mortgage loans were serviced by such party:
Vintage Park (from 1/1/24 to 12/31/24) and Huntington Center (from 1/1/24 to
12/31/24) (see exhibit 35.4)

 35.12
Custodian under the MSC 2016-BNK2 securitization, pursuant to which the
1/1/24 to 12/31/24) (see exhibit 35.3)

 35.13 Computershare Trust Company, National Association, as
Servicing Function Participant under the MSC 2016-BNK2 securitization, pursuant
to which the following mortgage loans were serviced by such party: 101 Hudson
Street (from 1/1/24 to 12/31/24) (see exhibit 35.4)

 (99.1) Mortgage
Loan Purchase Agreement, dated November 22, 2016, between UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York
and Morgan Stanley Capital I Inc. (filed as Exhibit 99.1 to the registrant's
Current Report on Form 8-K filed on December 8, 2016 under SEC File No.
333-206582-06 and incorporated by reference herein).

 (99.2) Mortgage
Loan Purchase Agreement, dated November 22, 2016, between Morgan Stanley
Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as
Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on December
8, 2016 under SEC File No. 333-206582-06 and incorporated by reference herein).

 (99.3) Mortgage
Loan Purchase Agreement, dated November 22, 2016, between Morgan Stanley
Capital I Inc. and Bank of America, National Association (filed as Exhibit 99.3
to the registrant's Current Report on Form 8-K filed on December 8, 2016 under
SEC File No. 333-206582-06 and incorporated by reference herein).

 (99.4) Mortgage
Loan Purchase Agreement, dated November 22, 2016, between Morgan Stanley
Capital I Inc. and Natixis Real Estate Capital LLC (filed as Exhibit 99.4 to
the registrant's Current Report on Form 8-K filed on December 8, 2016 under SEC

 (99.5) Co-Lender
Agreement, dated as of November 4, 2016, between UBS AG, by and through its
branch office at 1285 Avenue of the Americas, New York, New York, as Initial
Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder and Initial
Note A-4 Holder, and Citigroup Global Markets Realty Corp., as Initial Note A-5
Holder and Initial Note A-6 Holder, relating to the 681 Fifth Avenue loan
combination (filed as Exhibit 99.5 to the registrant's Current Report on Form
8-K/A filed on December 20, 2016 under SEC File No. 333-206582-06 and
incorporated by reference herein).

 (99.6) Agreement
Between Note Holders, dated as of December 5, 2016, between Morgan Stanley
Bank, N.A., as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as Initial
Note A-2 Holder, Morgan Stanley Bank, N.A., as Initial Note A-3 Holder and
Morgan Stanley Bank, N.A., as Initial Note A-4 Holder, relating to the 191
Peachtree loan combination (filed as Exhibit 99.6 to the registrant's Current
Report on Form 8-K filed on December 8, 2016 under SEC File No. 333-206582-06
and incorporated by reference herein).

 (99.7) Agreement
Between Note Holders, dated as of December 7, 2016, between Morgan Stanley
Bank, N.A., as Initial Note A-1-1 Holder, Morgan Stanley Bank, N.A., as Initial
Note A-1-2 Holder, Morgan Stanley Bank, N.A., as Initial Note A-2 Holder, UBS,
AG, as Initial Note A-3 Holder, UBS, AG, as Initial Note A-4 Holder, UBS, AG,
as Initial Note A-5 Holder, UBS, AG, as Initial Note A-6 Holder and UBS, AG, as
Initial Note A-7 Holder, relating to the Wolfchase Galleria loan combination
(filed as Exhibit 99.7 to the registrant's Current Report on Form 8-K filed on
December 8, 2016 under SEC File No. 333-206582-06 and incorporated by reference
herein).

 (99.8) Agreement
Between Note Holders, dated as of October 17, 2016, between Morgan Stanley
Bank, N.A., as Initial Note A-1 Holder and Morgan Stanley Bank, N.A., as
Initial Note A-2 Holder, relating to The Orchard loan combination (filed as
Exhibit 99.8 to the registrant's Current Report on Form 8-K filed on December
8, 2016 under SEC File No. 333-206582-06 and incorporated by reference herein).

 (99.9) Agreement
Between Note Holders, dated as of September 1, 2016, between UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Note A-3
Holder, and Goldman Sachs Mortgage Company, as Initial Note A-4 Holder,
relating to The Falls loan combination (filed as Exhibit 99.9 to the
registrant's Current Report on Form 8-K filed on December 8, 2016 under SEC

 (99.10) Co-Lender
Agreement, dated as of December 7, 2016, between Natixis Real Estate Capital
LLC, as Initial Note A-1 Holder, Natixis Real Estate Capital LLC, as Initial
Note A-2 Holder, and Natixis Real Estate Capital LLC, as Initial Note A-3
Holder, relating to the Greenwich Office Park loan combination (filed as
Exhibit 99.10 to the registrant's Current Report on Form 8-K filed on December
8, 2016 under SEC File No. 333-206582-06 and incorporated by reference herein).

 (99.11) Agreement
Between Note Holders, dated as of December 7, 2016, by and between UBS AG, by
and through its branch office at 1285 Avenue of the Americas, New York, New
York, as Note A-1 Holder, UBS AG, by and through its branch office at 1285
Avenue of the Americas, New York, New York, as Note A-2 Holder, UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Note A-3 Holder, UBS AG, by and through its branch office at 1285 Avenue of
the Americas, New York, New York, as Note A-4 Holder, and UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Note A-5 Holder, relating to the Federal Way Crossings loan combination
(filed as Exhibit 99.11 to the registrant's Current Report on Form 8-K filed on
December 8, 2016 under SEC File No. 333-206582-06 and incorporated by reference
herein).

 (99.12) Agreement
Between Note Holders, dated as of November 14, 2016, between UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder
and Initial Note A-4 Holder, relating to the Vintage Park loan combination
(filed as Exhibit 99.12 to the registrant's Current Report on Form 8-K filed on
December 8, 2016 under SEC File No. 333-206582-06 and incorporated by reference
herein).

 (99.13) Agreement
Between Note Holders, dated as of November 3, 2016, by and between, Wells Fargo
Bank, National Association, as Initial Note A-1-1 Holder, Initial Note A-1-2
Holder and Initial Note A-2 Holder, Bank of America, N.A., as Initial Note A-3
Holder and Initial Note A-4 Holder, and Barclays Bank PLC, as Initial Note A-5
Holder, relating to the 101 Hudson Street loan combination (filed as Exhibit
99.13 to the registrant's Current Report on Form 8-K filed on December 8, 2016
under SEC File No. 333-206582-06 and incorporated by reference herein).

 (99.14) Co-Lender
and Future Funding Indemnification Agreement, dated as of October 13, 2016,
between, Natixis Real Estate Capital LLC, as Initial Note A-1 Holder, Natixis
Real Estate Capital LLC, as Initial Note A-2 Holder, Natixis Real Estate
Capital LLC, as Initial Note A-3 Holder, Natixis Real Estate Capital LLC, as
Initial Note A-4 Holder, Natixis Real Estate Capital LLC, as Initial Note A-5
Holder, Natixis Real Estate Capital LLC, as Initial Note A-6 Holder, Natixis
Real Estate Capital LLC, as Initial Note A-7 Holder, Natixis Real Estate
Capital LLC, as Initial Note A-8 Holder, Natixis Real Estate Capital LLC, as
Initial Note A-9 Holder, Natixis Real Estate Capital LLC, as Initial Note A-10
Holder, Natixis Real Estate Capital LLC, as Initial Note A-11 Holder, Natixis
Real Estate Capital LLC, as Initial Note A-12 Holder, Natixis Real Estate
Capital LLC, as Initial Note A-13 Holder, and Natixis Real Estate Capital LLC,
as Future Funding Indemnitor, relating to the Novo Nordisk loan combination
(filed as Exhibit 99.14 to the registrant's Current Report on Form 8-K filed on
December 8, 2016 under SEC File No. 333-206582-06 and incorporated by reference
herein).

 (99.15) Agreement
Between Note Holders, dated as of October 7, 2016, between Morgan Stanley Bank,
N.A., as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as Initial Note
A-2 Holder and Morgan Stanley Bank, N.A., as Initial Note A-3 Holder, relating
to the Huntington Center loan combination (filed as Exhibit 99.15 to the
registrant's Current Report on Form 8-K filed on December 8, 2016 under SEC

 (99.16) Second
Amended and Restated Servicing Agreement, effective as of October 31, 2021,
between Wells Fargo Bank, N.A., Wells Fargo Delaware Trust Company, N.A.,
Computershare Trust Company, N.A., Computershare Delaware Trust Company and
Computershare Limited (filed as Exhibit 99.1 to the registrant's Current Report
on Form 8-K filed on November 5, 2021 under SEC File No. 333-206582-06 and
incorporated by reference herein).

 (b)
See (a) above.

 (c)
Not applicable.

 SIGNATURES

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

 Morgan
Stanley Capital I Inc.

 (Depositor)

 By:
/s/ Jane Lam

 Jane
Lam, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 25, 2025