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

 o 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 of issuing entity: 333-262701-04

 Central Index Key Number of the issuing entity:
0001979859

 Benchmark 2023-B39 Mortgage Trust

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

 Central Index Key Number of the depositor: 0001258361

 Citigroup Commercial Mortgage Securities Inc.

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

 Central Index Key Number of the sponsor: 0001701238

 Citi Real Estate Funding Inc.

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

 Central Index Key Number of the sponsor: 0000835271

 JPMorgan Chase Bank, National Association

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

 Central Index Key Number of the sponsor: 0001541294

 German American Capital Corporation

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

 Central Index Key Number of the sponsor: 0001541502

 Goldman Sachs Mortgage Company

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

 New York

 (State or other jurisdiction of incorporation or organization)

 38-4258208

 38-4258209

 (I.R.S. Employer Identification Numbers)

 c/o Computershare Trust Company, N.A.

 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.

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

 Yes ___ No X

 Indicate 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

 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 ___

 Indicate 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 (§ 232.405 of this chapter) during the preceding 12
months (or for such shorter period that the registrant was required to submit
such files).

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

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 Exchange Act.
___

 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. ___

 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. ___

 Indicate
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). ___

 Indicate 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.

 Indicate 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.

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

 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).

 EXPLANATORY NOTES

 1. The Fashion Valley Mall mortgage loan, which represented
approximately 9.4% of the initial pool balance of the issuing entity, is part
entity. The Fashion Valley Mall mortgage loan and each of the related
companion loan(s) are serviced pursuant to the Benchmark 2023-B40 PSA (as
defined in Item 15 below).

 2. The Pacific Design Center mortgage loan, which represented
approximately 7.1% of the initial pool balance of the issuing entity, is part
entity. The Pacific Design Center mortgage loan and each of the related
companion loan(s) are serviced pursuant to the Benchmark
2023-B38 PSA (as defined in Item 15 below).

 3. The Scottsdale Fashion Square mortgage
loan, which represented approximately 4.5% of the initial pool balance of the
issuing entity, is part of a whole loan comprised of the subject mortgage loan
included in the issuing entity and one or more companion loan(s) that are held
outside the issuing entity. The Scottsdale Fashion Square mortgage loan and
each of the related companion loan(s) are serviced pursuant to the SCOTT
2023-SFS TSA (as defined in Item 15 below).

 4. The One & Two Commerce Square mortgage loan, which
represented approximately 4.4% of the initial pool balance of the issuing
entity, is part of a whole loan comprised of the subject mortgage loan included
in the issuing entity and one or more companion loan(s) that are held outside
the issuing entity. The One & Two Commerce Square mortgage loan and
each of the related companion loan(s) are serviced pursuant to the BANK
2023-BNK46 PSA (as defined in Item 15 below).

 5. The Scottsdale Fashion Square mortgage loan, which represented
approximately 4.5% of the initial pool balance of the issuing entity, is part
entity. The Scottsdale Fashion Square mortgage loan and each of the related
companion loan(s) are serviced pursuant to the SCOTT 2023-SFS TSA (as defined
in Item 15 below).

 6. The Miracle Mile mortgage loan, which represented approximately
3.3% of the initial pool balance of the issuing entity, is part of a whole loan
comprised of the subject mortgage loan included in the issuing entity and one
or more companion loan(s) that are held outside the issuing entity. The Miracle
Mile mortgage loan and each of the related companion loan(s) are serviced
pursuant to the MIRA Trust 2023-MILE TSA (as defined in Item 15 below).

 7. The Harborside 2-3 mortgage loan, which represented
approximately 2.8% of the initial pool balance of the issuing entity, is part
entity. The Harborside 2-3 mortgage loan and each of the related companion
loan(s) are serviced pursuant to the Benchmark 2023-V2 PSA (as defined in Item
15 below).

 8. The Jaylor – Burger King Portfolio mortgage loan, which
represented approximately 2.7% of the initial pool balance of the issuing
entity, is part of a whole loan comprised of the subject mortgage loan included
in the issuing entity and one or more companion loan(s) that are held outside
the issuing entity. The Hyatt Regency Indianapolis mortgage loan, which
represented approximately 2.0% of the initial pool balance of the issuing
entity, is part of a whole loan comprised of the subject mortgage loan included
in the issuing entity and one or more companion loan(s) that are held outside
the issuing entity. The Jaylor – Burger King Portfolio mortgage loan, the
Hyatt Regency Indianapolis mortgage loan and each of the related companion
loan(s) are serviced pursuant to the BMO 2023-C5 PSA (as defined in Item 15
below).

 9. The One Campus Martius mortgage loan, which represented
approximately 2.6% of the initial pool balance of the issuing entity, is part
entity. The One Campus Martius mortgage loan and each of the related companion
loan(s) are serviced pursuant to the Benchmark 2022-B36 PSA (as defined in Item
15 below).

 10. Pursuant to Instruction 3 to Item
1122 of Regulation AB, the report on assessment of compliance with servicing
criteria and attestation report on assessment of compliance with servicing
criteria of (i) Berkadia Commercial Mortgage LLC, as servicer under the SCOTT
2023-SFS TSA, pursuant to which the Scottsdale Fashion Square mortgage loan is
serviced, (ii) 3650 REIT Loan Servicing LLC, as special servicer for the
Harborside 2-3 mortgage loan under the BMARK 2023-V2 PSA, (iii) BellOak, LLC,
as operating advisor for the Harborside 2-3 mortgage loan under the BMARK
2023-V2 PSA, (iv) Rialto
Capital Advisors, LLC, as special servicer for the Jaylor-Burger King Portfolio
mortgage loan and Hyatt Regency Indianapolis mortgage loan under the BMO
2023-C5 PSA, and (v) Wells Fargo Bank, National Association, as master servicer
under the BANK 2023-BNK46 PSA, pursuant to which the One & Two
Commerce Square mortgage loan is serviced on and after August 10, 2023, are not
included in this report on Form 10-K because each of Berkadia Commercial
Mortgage LLC, 3650 REIT Loan Servicing LLC, BellOak, LLC, Rialto Capital
Advisors, LLC and Wells Fargo Bank, National Association performed activities
that address the servicing criteria specified in Item 1122(d) of Regulation AB
with respect to 5% or less of the pool assets of the issuing entity. This
annual report on Form 10-K does not include the reports on assessment of
compliance with servicing criteria and attestation reports on assessment of
compliance with servicing criteria of Computershare Trust Company, National
Association as certificate administrator under the Benchmark 2023-B38 PSA, the
SCOTT 2023-SFS TSA, the MIRA Trust
2023-MILE TSA, the Benchmark 2023-V2 PSA, the BMO
2023-C5 PSA, the Benchmark 2022-B36 PSA, the Benchmark 2023-B40 PSA and the BANK
2023-BNK46 PSA, because the certificate administrator
under each such pooling and servicing agreement or trust and servicing
agreement does not perform any activities that address the servicing criteria
specified in Item 1122(d) of Regulation AB with respect to the issuing entity.

 11. This annual report on Form 10-K does not include the
servicer compliance statements of (i) Situs Holdings, LLC, as special servicer
solely with respect to the Back Bay Office whole loan, (ii) Argentic Services Company LP, as special
servicer for the Pacific Design Center mortgage loan under the BMARK 2023-B38
PSA, (iii) Berkadia Commercial Mortgage LLC, as servicer under the SCOTT
2023-SFS TSA, pursuant to which the Scottsdale Fashion Square mortgage loan is
serviced, (iv) KeyBank National Association, as special servicer for the
Scottsdale Fashion Square mortgage loan under the SCOTT 2023-SFS TSA, (v)
KeyBank National Association, as special servicer for the Miracle Mile mortgage
loan under the MIRA Trust 2023-MILE TSA, (vi) 3650 REIT Loan Servicing LLC, as special servicer for the
Harborside 2-3 mortgage loan under the BMARK 2023-V2 PSA, (vii) Rialto Capital
Advisors, LLC, as special servicer for the Jaylor-Burger King Portfolio
mortgage loan and Hyatt Regency Indianapolis mortgage loan under the BMO 2023-C5
PSA and (viii) Wells Fargo Bank, National Association, as master servicer under
the BANK 2023-BNK46 PSA, pursuant to which the One & Two Commerce Square
mortgage loan is serviced on and after August 10, 2023, because each of Situs
Holdings, LLC, Argentic Services Company LP, Berkadia Commercial Mortgage LLC,
KeyBank National Association, 3650 REIT Loan Servicing LLC, Rialto Capital
Advisors, LLC and Wells Fargo Bank, National Association is an unaffiliated
party that services less than 10% of the pool assets of the issuing entity, and
therefore is not a "servicer" that meets the criteria in Item 1108(a)(2)(i)
through (iii) of Regulation AB. This annual report on Form 10-K does not
include the servicer compliance statements of Computershare Trust Company,
National Association as certificate administrator under the Benchmark 2023-B38
PSA, the SCOTT 2023-SFS TSA, the MIRA Trust 2023-MILE TSA, the Benchmark 2023-V2 PSA, the BMO 2023-C5 PSA, the
Benchmark 2022-B36 PSA, the Benchmark 2023-B40 PSA and the BANK
2023-BNK46 PSA, because the certificate administrator
under each such pooling and servicing agreement or trust and servicing
agreement is not a "servicer" that meets the criteria in Item 1108(a)(2)(i)
through (iii) of Regulation AB with respect to the issuing entity.

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff
 Comments.

 Item 1C.

 None.

 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.

 Selected Financial Data.

 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.

 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 Accounting Fees
 and Services.

 ADDITIONAL DISCLOSURE ITEMS FOR REGULATION
AB

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

 With
respect to the pool assets for Benchmark 2023-B39 Mortgage Trust, there are no
significant obligors within the meaning of Item 1101(k) of Regulation AB.

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

 No
entity or group of affiliated entities provides any external credit
enhancement, uses any derivative instruments or other support for the
certificates within this transaction.

 Item
1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).

 No
entity or group of affiliated entities provides any external credit
enhancement, uses any derivative instruments or other support for the
certificates within this transaction.

 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.

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

 Provided
previously in the prospectus of the Registrant relating to the issuing entity
and filed on July 18, 2023 pursuant to Rule 424(b)(2) of the Securities Act of
1933, as amended.

 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)
List the following documents filed as part of the report:

 (1) Not Applicable

 (2) Not Applicable

 (3)
Exhibits listed below are either included or incorporated by reference as
indicated below:

 (4.1) Pooling
and Servicing Agreement, dated as of July 1, 2023, among Citigroup Commercial
Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of
PNC Bank, National Association, as master servicer, K-Star Asset Management
LLC, as a special servicer, Situs Holdings, LLC, solely with respect to the
Back Bay Office Whole Loan, as a special servicer, Park Bridge Lender Services
LLC, as operating advisor and as asset representations reviewer, Computershare
Trust Company, National Association, as certificate administrator, and
Computershare Trust Company, National Association, as trustee. (filed as
Exhibit 4.1 to the registrant's Current Report on Form 8-K dated July 18, 2023,
and filed on July 18, 2023 under Commission File No. 333-262701-04, and is
incorporated by reference herein).

 (4.2) Pooling
and Servicing Agreement, dated as of April 1, 2023 ("Benchmark 2023-B38 PSA"),
between Deutsche Mortgage & Asset Receiving Corporation, as depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as master
servicer, LNR Partners, LLC, as general special servicer, Argentic Services
Company LP, as Pacific Design Center special servicer, Computershare Trust
Company, N.A., as trustee, certificate administrator, paying agent and
custodian, and Park Bridge Lender Services LLC, as operating advisor and asset
representations reviewer (filed as Exhibit 4.3 to the registrant's Current
Report on Form 8-K dated July 18, 2023, and filed on July 18, 2023 under
Commission File No. 333-262701-04, and is incorporated by reference herein).
(See Explanatory Note 2).

 (4.3) Trust
and Servicing Agreement, dated as of March 17, 2023 ("SCOTT 2023-SFS
TSA"), between GS Mortgage Securities Corporation II, as depositor,
Berkadia Commercial Mortgage LLC, as servicer, KeyBank National Association, as
special servicer, Computershare Trust Company, National Association, as
certificate administrator and custodian, Wilmington Trust, National
Association, as trustee, and Park Bridge Lender Services LLC, as operating
advisor (filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K
dated July 18, 2023, and filed on July 18, 2023 under Commission File No.
333-262701-04, and is incorporated by reference herein) (See Explanatory Note
5).

 (4.4) Trust
and Servicing Agreement, dated as of June 21, 2023 ("MIRA Trust 2023-MILE
TSA"), between GS Mortgage Securities Corporation II, as depositor, Midland
Loan Services, a Division of PNC Bank, National Association, as servicer,
KeyBank National Association, as special servicer, Computershare Trust Company,
National Association, as trustee, certificate administrator and custodian, and
Park Bridge Lender Services LLC, as operating advisor. (filed as Exhibit
4.1 to the registrant's Current Report on Form 8-K/A dated July 18, 2023, and
filed on August 21, 2023 under Commission File No. 333-262701-04, and is
incorporated by reference herein). (See Explanatory Note 6).

 (4.5) Pooling
and Servicing Agreement, dated as of December 1, 2021 ("Benchmark 2023-V2
PSA"), among Citigroup Commercial Mortgage Securities Inc., as depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as master
servicer, 3650 REIT Loan Servicing LLC, as special servicer, BellOak, LLC, as
operating advisor and as asset representations reviewer, Computershare Trust
Company, National Association, as certificate administrator, and Computershare
Trust Company, National Association, as trustee (filed as Exhibit 4.6 to the
registrant's Current Report on Form 8-K dated July 18, 2023, and filed on July
18, 2023 under Commission File No. 333-262701-04, and is incorporated by
reference herein) (See Explanatory Note 7).

 (4.6) Pooling
and Servicing Agreement, dated as of June 1, 2023 ("BMO 2023-C5 PSA"), among
BMO Commercial Mortgage Securities LLC, as Depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer, Rialto Capital
Advisors, LLC, as special servicer, Park Bridge Lender Services LLC, as
operating advisor and as asset representations reviewer, Computershare Trust
Company, National Association, as certificate administrator, and Computershare
Trust Company, National Association, as trustee (filed as Exhibit 4.7 to the
registrant's Current Report on Form 8-K dated July 18, 2023, and filed on July
18, 2023 under Commission File No. 333-262701-04, and is incorporated by
reference herein) (See Explanatory Note 8).

 (4.7)
 Pooling
and Servicing Agreement is dated as of August 1, 2022 ("Benchmark 2022-B36
PSA"), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as
depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as master servicer, K-Star Asset Management LLC (as successor to Midland Loan
Services, a Division of PNC Bank, National Association), as special servicer,
Computershare Trust Company, 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 4.8 to the registrant's Current Report on Form 8-K
dated July 18, 2023, and filed on July 18, 2023 under Commission File No. 333-262701-04,
and is incorporated by reference herein) (See Explanatory Note 9).

 (4.8) Pooling
and Servicing Agreement, dated as of April 1, 2023 ("Benchmark 2023-B40 PSA"),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor
(the "Benchmark 2023-B40 Depositor"), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer, LNR Partners, LLC, as special
servicer, Computershare Trust Company, National Association, as certificate
administrator and as trustee, and Pentalpha Surveillance LLC, as operating
advisor and as asset representations reviewer (filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K dated December 21, 2023, and filed on
December 28, 2023 under Commission File No. 333-262701-04, and is incorporated
by reference herein). (See Explanatory Note 1).

 (4.9) Pooling
and Servicing Agreement, dated as of August 1, 2023 ("BANK 2023-BNK46 PSA"),
among Wells Fargo Bank Commercial Mortgage Securities, Inc., as depositor,
Wells Fargo Bank, National Association, as general master servicer, LNR
Partners, LLC, as general special servicer, National Cooperative Bank, N.A., as
co-op master servicer and as co-op special servicer, Computershare Trust
Company, 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 dated August 10, 2023, and filed
on August 16, 2023 under Commission File No. 333-262701-04, and is incorporated
by reference herein). (See Explanatory Note 4)

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities. (see Explanatory Note 10)

 33.1 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer

 33.2 K-Star Asset Management
LLC, as special servicer

 33.3 Situs Holdings, LLC, as
special servicer solely with respect to the Back Bay Office whole loan

 33.4 Park Bridge Lender Services
LLC, as operating advisor

 33.5 Computershare Trust
Company, National Association, as certificate administrator and trustee

 33.6 Computershare Trust
Company, National Association, as custodian

 33.7 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMARK 2023-B38 PSA, pursuant
to which the Pacific Design Center mortgage loan is serviced. (see Exhibit
33.1)

 33.8 Argentic Services Company LP, as special servicer for
the Pacific Design Center mortgage loan under the BMARK 2023-B38 PSA.

 33.9 Computershare Trust Company, National Association, as
custodian for the Pacific Design Center mortgage loan under the BMARK 2023-B38
PSA. (see Exhibit 33.5)

 33.10 Park Bridge Lender Services LLC, as operating advisor
for the Pacific Design Center mortgage loan under the BMARK 2023-B38 PSA. (see
Exhibit 33.4)

 33.11 Computershare Trust Company, National Association, as
trustee under the BMARK 2023-B38 PSA, pursuant to which the Pacific Design
Center mortgage loan is serviced. (see Exhibit 33.5)

 33.12
Berkadia Commercial Mortgage LLC, as servicer under the SCOTT 2023-SFS TSA,
pursuant to which the Scottsdale Fashion Square mortgage loan is serviced.
(omitted; see Explanatory Note 10)

 33.13 KeyBank National Association, as special servicer for
the Scottsdale Fashion Square mortgage loan under the SCOTT 2023-SFS TSA.

 33.14 Computershare Trust Company, National Association, as
custodian for the Scottsdale Fashion Square mortgage loan under the SCOTT
2023-SFS TSA. (see Exhibit 33.5)

 33.15 Wilmington Trust, National Association, as trustee
under the SCOTT 2023-SFS TSA, pursuant to which the Scottsdale Fashion Square
mortgage loan is serviced.

 33.16 Park Bridge Lender Services LLC, as operating advisor
for the Scottsdale Fashion Square mortgage loan under the SCOTT 2023-SFS TSA.
(see Exhibit 33.4)

 33.17 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the MIRA Trust 2023-MILE TSA,
pursuant to which the Miracle Mile mortgage loan is serviced. (see Exhibit
33.1)

 33.18 KeyBank National Association, as special servicer for
the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE TSA. (see Exhibit
33.13)

 33.19 Computershare Trust Company, National Association, as
custodian for the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE
TSA. (see Exhibit 33.5)

 33.20 Computershare Trust Company, National Association, as
trustee under the MIRA Trust 2023-MILE TSA, pursuant to which the Miracle Mile
mortgage loan is serviced. (see Exhibit 33.5)

 33.21 Park Bridge Lender Services LLC, as operating advisor
for the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE TSA. (see
Exhibit 33.4)

 33.22 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMARK 2023-V2 PSA, pursuant
to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit 33.1)

 33.23 3650 REIT
Loan Servicing LLC, as special servicer for the Harborside 2-3 mortgage loan
under the BMARK 2023-V2 PSA. (omitted; see Explanatory Note 10)

 33.24
 BellOak, LLC, as operating advisor for the Harborside 2-3 mortgage loan
under the BMARK 2023-V2 PSA. (omitted; see Explanatory Note 10)

 33.25 Computershare Trust Company, National Association, as
custodian for the Harborside 2-3 mortgage loan under the BMARK 2023-V2 PSA.
(see Exhibit 33.5)

 33.26 Computershare Trust Company, National Association, as
trustee under the BMARK 2023-V2 PSA, pursuant to which the Harborside 2-3
mortgage loan is serviced. (see Exhibit 33.5)

 33.27 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMO 2023-C5 PSA, pursuant to
which the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan are serviced. (see Exhibit 33.1)

 33.28 Rialto
Capital Advisors, LLC, as special servicer for the Jaylor-Burger King Portfolio
mortgage loan and Hyatt Regency Indianapolis mortgage loan under the BMO
2023-C5 PSA. (omitted; see Explanatory Note 10)

 33.29 Park Bridge Lender Services LLC, as operating advisor
for the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan under the BMO 2023-C5 PSA. (see Exhibit 33.4)

 33.30 Computershare Trust Company, National Association, as
custodian for the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan under the BMO 2023-C5 PSA. (see Exhibit 33.5)

 33.31 Computershare Trust Company, National Association, as
trustee under the BMO 2023-C5 PSA, pursuant to which the Jaylor-Burger King
Portfolio mortgage loan and Hyatt Regency Indianapolis mortgage loan are
serviced. (see Exhibit 33.5)

 33.32 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the Benchmark 2022-B36 PSA,
pursuant to which the One Campus Martius mortgage loan is serviced. (see
Exhibit 33.1)

 33.33 K-Star Asset Management LLC, as special servicer for
the One Campus Martius mortgage loan under the Benchmark 2022-B36 PSA. (see
Exhibit 33.2)

 33.34 Computershare Trust Company, National Association, as
custodian for the One Campus Martius mortgage loan under the Benchmark 2022-B36
PSA. (see Exhibit 33.5)

 33.35 Computershare Trust Company, National Association, as
trustee under the Benchmark 2022-B36 PSA, pursuant to which the One Campus
Martius mortgage loan is serviced. (see Exhibit 33.5)

 33.36 Park Bridge Lender Services LLC, as operating advisor
for the One Campus Martius mortgage loan under the Benchmark 2022-B36 PSA. (see
Exhibit 33.4)

 33.37 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer under the
Benchmark 2023-B40 PSA, pursuant to which the Fashion Valley Mall mortgage loan
is serviced. (see Exhibit 33.1).

 33.38 LNR Partners, LLC, as
special servicer for the Fashion Valley Mall mortgage loan under the Benchmark
2023-B40 PSA.

 33.39 Pentalpha Surveillance LLC, as operating advisor for
the Fashion Valley Mall mortgage loan under the Benchmark 2023-B40 PSA.

 33.40 Computershare Trust Company, National Association, as
custodian for the Fashion Valley Mall mortgage loan under the Benchmark
2023-B40 PSA. (see Exhibit 33.5)

 33.41 Computershare Trust Company, National Association, as
trustee under the Benchmark 2023-B40 PSA, pursuant to which the Fashion Valley
Mall mortgage loan is serviced. (see Exhibit 33.5)

 33.42 Wells Fargo Bank, National Association, as master
servicer under the BANK 2023-BNK46 PSA, pursuant to which the One & Two Commerce Square
mortgage loan is serviced. (omitted; see Explanatory Note 10)

 33.43 LNR Partners, LLC, as
special servicer for the One & Two Commerce Square mortgage loan under the
BANK 2023-BNK46 PSA. (see Exhibit 33.38)

 33.44 Park Bridge Lender Services LLC, as operating advisor
for the One & Two Commerce Square mortgage loan under the BANK 2023-BNK46
PSA. (see Exhibit 33.4)

 33.45 Computershare Trust Company, National Association, as
custodian for the One & Two Commerce Square mortgage under the BANK
2023-BNK46 PSA. (see Exhibit 33.5)

 33.46 Wilmington Trust, National
Association, as trustee under the BANK 2023-BNK46 PSA, pursuant to which the
One & Two Commerce Square mortgage is serviced. (see Exhibit 33.15)

 34 Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities. (see
Explanatory Note 10)

 34.1 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer

 34.2 K-Star Asset Management
LLC, as special servicer

 34.3 Situs Holdings, LLC, as
special servicer solely with respect to the Back Bay Office whole loan

 34.4 Park Bridge Lender Services
LLC, as operating advisor

 34.5 Computershare Trust
Company, National Association, as certificate administrator and trustee

 34.6 Computershare Trust
Company, National Association, as custodian

 34.7 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMARK 2023-B38 PSA, pursuant
to which the Pacific Design Center mortgage loan is serviced. (see Exhibit
34.1)

 34.8 Argentic Services Company LP, as special servicer for
the Pacific Design Center mortgage loan under the BMARK 2023-B38 PSA.

 34.9 Computershare Trust Company, National Association, as
custodian for the Pacific Design Center mortgage loan under the BMARK 2023-B38
PSA. (see Exhibit 34.5)

 34.10 Park Bridge Lender Services LLC, as operating advisor
for the Pacific Design Center mortgage loan under the BMARK 2023-B38 PSA. (see
Exhibit 34.4)

 34.11 Computershare Trust Company, National Association, as
trustee under the BMARK 2023-B38 PSA, pursuant to which the Pacific Design
Center mortgage loan is serviced. (see Exhibit 34.5)

 34.12
Berkadia Commercial Mortgage LLC, as servicer under the SCOTT 2023-SFS TSA,
pursuant to which the Scottsdale Fashion Square mortgage loan is serviced.
(omitted; see Explanatory Note 10)

 34.13 KeyBank National Association, as special servicer for
the Scottsdale Fashion Square mortgage loan under the SCOTT 2023-SFS TSA.

 34.14 Computershare Trust Company, National Association, as
custodian for the Scottsdale Fashion Square mortgage loan under the SCOTT
2023-SFS TSA. (see Exhibit 34.5)

 34.15 Wilmington Trust, National Association, as trustee
under the SCOTT 2023-SFS TSA, pursuant to which the Scottsdale Fashion Square
mortgage loan is serviced.

 34.16 Park Bridge Lender Services LLC, as operating advisor
for the Scottsdale Fashion Square mortgage loan under the SCOTT 2023-SFS TSA.
(see Exhibit 34.4)

 34.17 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the MIRA Trust 2023-MILE TSA,
pursuant to which the Miracle Mile mortgage loan is serviced. (see Exhibit
34.1)

 34.18 KeyBank National Association, as special servicer for
the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE TSA. (see Exhibit
34.13)

 34.19 Computershare Trust Company, National Association, as
custodian for the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE
TSA. (see Exhibit 34.5)

 34.20 Computershare Trust Company, National Association, as
trustee under the MIRA Trust 2023-MILE TSA, pursuant to which the Miracle Mile
mortgage loan is serviced. (see Exhibit 34.5)

 34.21 Park Bridge Lender Services LLC, as operating advisor
for the Miracle Mile mortgage loan under the MIRA Trust 2023-MILE TSA. (see
Exhibit 34.4)

 34.22 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMARK 2023-V2 PSA, pursuant
to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit 34.1)

 34.23 3650
REIT Loan Servicing LLC, as special servicer for the Harborside 2-3 mortgage
loan under the BMARK 2023-V2 PSA. (omitted; see Explanatory Note 10)

 34.24
 BellOak, LLC, as operating advisor for the Harborside 2-3 mortgage loan
under the BMARK 2023-V2 PSA. (omitted; see Explanatory Note 10)

 34.25 Computershare Trust Company, National Association, as
custodian for the Harborside 2-3 mortgage loan under the BMARK 2023-V2 PSA.
(see Exhibit 34.5)

 34.26 Computershare Trust Company, National Association, as
trustee under the BMARK 2023-V2 PSA, pursuant to which the Harborside 2-3
mortgage loan is serviced. (see Exhibit 34.5)

 34.27 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMO 2023-C5 PSA, pursuant to
which the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan are serviced. (see Exhibit 34.1)

 34.28 Rialto
Capital Advisors, LLC, as special servicer for the Jaylor-Burger King Portfolio
mortgage loan and Hyatt Regency Indianapolis mortgage loan under the BMO
2023-C5 PSA. (omitted; see Explanatory Note 10)

 34.29 Park Bridge Lender Services LLC, as operating advisor
for the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan under the BMO 2023-C5 PSA. (see Exhibit 34.4)

 34.30 Computershare Trust Company, National Association, as
custodian for the Jaylor-Burger King Portfolio mortgage loan and Hyatt Regency
Indianapolis mortgage loan under the BMO 2023-C5 PSA. (see Exhibit 34.5)

 34.31 Computershare Trust Company, National Association, as
trustee under the BMO 2023-C5 PSA, pursuant to which the Jaylor-Burger King
Portfolio mortgage loan and Hyatt Regency Indianapolis mortgage loan are
serviced. (see Exhibit 34.5)

 34.32 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the Benchmark 2022-B36 PSA,
pursuant to which the One Campus Martius mortgage loan is serviced. (see
Exhibit 34.1)

 34.33 K-Star Asset Management LLC, as special servicer for
the One Campus Martius mortgage loan under the Benchmark 2022-B36 PSA. (see
Exhibit 34.2)

 34.34 Computershare Trust Company, National Association, as
custodian for the One Campus Martius mortgage loan under the Benchmark 2022-B36
PSA. (see Exhibit 34.5)

 34.35 Computershare Trust Company, National Association, as
trustee under the Benchmark 2022-B36 PSA, pursuant to which the One Campus
Martius mortgage loan is serviced. (see Exhibit 34.5)

 34.36 Park Bridge Lender Services LLC, as operating advisor
for the One Campus Martius mortgage loan under the Benchmark 2022-B36 PSA. (see
Exhibit 34.4)

 34.37 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer under the
Benchmark 2023-B40 PSA, pursuant to which the Fashion Valley Mall mortgage loan
is serviced. (see Exhibit 34.1).

 34.38 LNR Partners, LLC, as
special servicer for the Fashion Valley Mall mortgage loan under the Benchmark
2023-B40 PSA.

 34.39 Pentalpha Surveillance LLC, as operating advisor for
the Fashion Valley Mall mortgage loan under the Benchmark 2023-B40 PSA.

 34.40 Computershare Trust Company, National Association, as
custodian for the Fashion Valley Mall mortgage loan under the Benchmark
2023-B40 PSA. (see Exhibit 34.5)

 34.41 Computershare Trust Company, National Association, as
trustee under the Benchmark 2023-B40 PSA, pursuant to which the Fashion Valley
Mall mortgage loan is serviced. (see Exhibit 34.5)

 34.42 Wells Fargo Bank, National Association, as master
servicer under the BANK 2023-BNK46 PSA, pursuant to which the One & Two Commerce Square
mortgage loan is serviced. (omitted; see Explanatory Note 10)

 34.43 LNR Partners, LLC, as
special servicer for the One & Two Commerce Square mortgage loan under the
BANK 2023-BNK46 PSA. (see Exhibit 34.38)

 34.44 Park Bridge Lender Services LLC, as operating advisor
for the One & Two Commerce Square mortgage loan under the BANK 2023-BNK46
PSA. (see Exhibit 34.4)

 34.45 Computershare Trust Company, National Association, as
custodian for the One & Two Commerce Square mortgage under the BANK
2023-BNK46 PSA. (see Exhibit 34.5)

 34.46 Wilmington Trust, National
Association, as trustee under the BANK 2023-BNK46 PSA, pursuant to which the
One & Two Commerce Square mortgage is serviced. (see Exhibit 34.15)

 35 Servicer compliance statement. (see Explanatory Note 11)

 35.1 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer

 35.2 K-Star Asset management
LLC, as special servicer

 35.3 Computershare Trust Company, National Association, as
certificate administrator

 35.4 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the under BMARK 2023-B38 PSA,
pursuant to which the Pacific Design Center mortgage loan is serviced. (see
Exhibit 35.1)

 35.5
 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the MIRA Trust 2023-MILE TSA,
pursuant to which the Miracle Mile mortgage loan is serviced. (see Exhibit
35.1)

 35.6 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMARK 2023-V2 PSA, pursuant
to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit 35.1)

 35.7 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BMO 2023-C5 PSA, pursuant to
which the Jaylor – Burger King Portfolio and Hyatt Regency Indianapolis are
serviced. (see Exhibit 35.1)

 35.8 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the Benchmark 2022-B36 PSA,
pursuant to which the One Campus Martius mortgage loan is serviced. (see
Exhibit 35.1)

 35.9 K-Star Asset Management
LLC, as special servicer for the One Campus Martius mortgage loan under the
Benchmark 2022-B36 PSA. (see Exhibit 35.2)

 35.10 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer under the
Benchmark 2023-B40 PSA, pursuant to which the Fashion Valley Mall mortgage loan
is serviced. (see Exhibit 35.1)

 35.11 LNR Partners, LLC, as
special servicer for the Fashion Valley Mall mortgage loan under the Benchmark
2023-B40 PSA.

 35.12 LNR Partners, LLC, as
special servicer for the One & Two Commerce Square mortgage loan under the
BANK 2023-BNK46 PSA. (see Exhibit 35.11)

 (99.1) Mortgage
Loan Purchase Agreement, dated as of July 1, 2023, between Citi Real Estate
Funding Inc. and Citigroup Commercial Mortgage Securities Inc., pursuant to
which Citi Real Estate Funding Inc. sold certain mortgage loans to Citigroup
Commercial Mortgage Securities Inc. (filed as Exhibit 99.1 to the registrant's
Current Report on Form 8-K dated July 18, 2023, and filed on July 18, 2023
under Commission File No. 333-262701-04, and is incorporated by reference
herein).

 (99.2) Mortgage
Loan Purchase Agreement, dated as of July 1, 2023, between JPMorgan Chase Bank,
National Association and Citigroup Commercial Mortgage Securities Inc.,
pursuant to which JPMorgan Chase Bank, National Association sold certain
mortgage loans to Citigroup Commercial Mortgage Securities Inc. (filed as
Exhibit 99.2 to the registrant's Current Report on Form 8-K dated July 18,
2023, and filed on July 18, 2023 under Commission File No. 333-262701-04, and
is incorporated by reference herein).

 (99.3) Mortgage
Loan Purchase Agreement, dated as of July 1, 2023, between German American
Capital Corporation and Citigroup Commercial Mortgage Securities Inc., pursuant
to which German American Capital Corporation sold certain mortgage loans to
Citigroup Commercial Mortgage Securities Inc. (filed as Exhibit 99.3 to the
registrant's Current Report on Form 8-K dated July 18, 2023, and filed on July
18, 2023 under Commission File No. 333-262701-04, and is incorporated by
reference herein).

 (99.4) Mortgage
Loan Purchase Agreement, dated as of July 1, 2023, between Goldman Sachs
Mortgage Company and Citigroup Commercial Mortgage Securities Inc., pursuant to
which Goldman Sachs Mortgage Company sold certain mortgage loans to Citigroup
Commercial Mortgage Securities Inc. (filed as Exhibit 99.4 to the registrant's
Current Report on Form 8-K dated July 18, 2023, and filed on July 18, 2023
under Commission File No. 333-262701-04, and is incorporated by reference
herein).

 (b)
The exhibits required to be filed by Registrant pursuant to Item 601of
Regulation S-K are listed 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.

 Citigroup
Commercial Mortgage Securities Inc.

 (Depositor)

 /s/
Richard Simpson

 Richard
Simpson, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 28, 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

 o 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 of issuing entity: 333-262701-05

 Central Index Key Number of the issuing entity:
0001992084

 Benchmark 2023-V4 Mortgage Trust

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

 Central Index Key Number of the depositor: 0001258361

 Citigroup Commercial Mortgage Securities Inc.

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

 Central Index Key Number of the sponsor: 0001701238

 Citi Real Estate Funding Inc.

 Central Index Key Number of the sponsor: 0001541294

 German American Capital Corporation

 Central Index Key Number of the sponsor: 000154502

 Goldman Sachs Mortgage Company

 Central Index Key Number of the sponsor: 0000927971

 Bank of Montreal

 Central Index Key Number of the sponsor: 0001549574

 Barclays Capital Real Estate Inc.

 Central Index Key Number of the sponsor: 000835271

 JPMorgan Chase Bank, National Association

 New York

 (State or other jurisdiction of incorporation or organization)

 38-4279492

 38-4279493

 (I.R.S. Employer Identification Numbers)

 c/o Computershare Trust Company, N.A.

 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.

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

 Yes ___ No X

 Indicate 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

 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 ___

 Indicate 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 (§ 232.405 of this chapter) during the preceding 12
months (or for such shorter period that the registrant was required to submit
such files).

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

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 Exchange
Act. ___

 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. ___

 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. ___

 Indicate
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). ___

 Indicate 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.

 Indicate 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.

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

 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).

 EXPLANATORY NOTES

 1. The Prime Storage Portfolio #3 mortgage loan, which
represented approximately 8.8% of the initial pool balance of the issuing
entity, is part of a whole loan comprised of the subject mortgage loan included
in the issuing entity and one or more companion loan(s) that are held outside
the issuing entity. The Prime Storage Portfolio #3 mortgage loan and each of
the related companion loan(s) are serviced pursuant to the CGCMT 2023-PRM3 TSA
(as defined in Item 15 below).

 2. The Philadelphia Marriott Downtown
mortgage loan, which represented approximately 8.0% of the initial pool balance
of the issuing entity, is part of a whole loan comprised of the subject
mortgage loan included in the issuing entity and one or more companion loan(s)
that are held outside the issuing entity. Philadelphia Marriott Downtown
mortgage loan and each of the related companion loan(s) were serviced pursuant
to the Benchmark 2023-V3 PSA (as defined in Item 15 below) prior to December 7, 2023. The Philadelphia Marriott
Downtown mortgage loan and each of the related companion loan(s) are serviced
pursuant to BBCMS 2023-5C23 PSA (as defined in Item 15 below) on and after
December 7, 2023.

 3. The Lake Merritt Plaza mortgage loan, which represented
approximately 5.6% of the initial pool balance of the issuing entity, is part
of a whole loan comprised of the subject mortgage loan included in the issuing
entity and one or more companion loan(s) that are held outside the issuing
entity. The Lake Merritt Plaza mortgage loan and each of the related companion
loan(s) are serviced pursuant to the BMO 2023-5C2 PSA (as defined in Item 15
below).

 4. The One & Two Commerce mortgage
loan, which represented approximately 3.3% of the initial pool balance of the
issuing entity, is part of a whole loan comprised of the subject mortgage loan
included in the issuing entity and one or more companion loan(s) that are held
outside the issuing entity. The One & Two Commerce mortgage loan and each
of the related companion loan(s) are serviced pursuant to the BANK 2023-BNK46
PSA (as defined in Item 15 below).

 5. The Harborside 2-3 mortgage loan, which represented
approximately 2.8% of the initial pool balance of the issuing entity, is part
of a whole loan comprised of the subject mortgage loan included in the issuing
entity and one or more companion loan(s) that are held outside the issuing
entity. The Harborside 2-3 mortgage loan and each of the related companion
loan(s) are serviced pursuant to the Benchmark 2023-V2 PSA (as defined in Item
15 below).

 6. The Gilardian NYC Portfolio II mortgage loan, which represented
approximately 2.1% of the initial pool balance of the issuing entity, is part
of a whole loan comprised of the subject mortgage loan included in the issuing
entity and one or more companion loan(s) that are held outside the issuing
entity. The Gilardian NYC Portfolio II mortgage loan and each of the related
companion loan(s) are serviced pursuant to the Benchmark 2023-5C1 PSA (as
defined in Item 15 below).

 7. The 12800 Culver Boulevard mortgage loan, which represented
approximately 1.6% of the initial pool balance of the issuing entity, is part
of a whole loan comprised of the subject mortgage loan included in the issuing
entity and one or more companion loan(s) that are held outside the issuing
entity. The 12800 Culver Boulevard mortgage loan and each of the related
companion loan(s) are serviced pursuant to the Benchmark
2023-V3 PSA (as defined in Item 15 below).

 8. Pursuant to Instruction 3 to Item 1122 of Regulation AB,
the report on assessment of compliance with servicing criteria and attestation
report on assessment of compliance with servicing criteria of (i) Wells Fargo
Bank, National Association, as general master servicer under the BANK
2023-BNK46 PSA, pursuant to which the One & Two Commerce mortgage loan is
serviced, (ii) 3650 REIT Loan Servicing LLC, as special servicer for the
Harborside 2-3 mortgage loan under the Benchmark 2023-V2 PSA and (iii) 3650 REIT
Loan Servicing LLC, as special servicer for the Gilardian NYC Portfolio
mortgage loan under the BMO 2023-5C1 PSA, are not included in this report on
Form 10-K because each of Wells Fargo Bank, National Association and 3650 REIT
Loan Servicing LLC performed activities that address the servicing criteria
specified in Item 1122(d) of Regulation AB with respect to 5% or less of the
pool assets of the issuing entity. This annual report on Form 10-K does
not include the reports on assessment of compliance with servicing criteria and
attestation reports on assessment of compliance with servicing criteria of
Computershare Trust Company, National Association as certificate administrator
under the CGCMT 2023-PRM3 TSA, the BBCMS 2023-5C23 PSA, the BMO 2023-5C2 PSA,
the BANK 2023-BNK46 PSA, the Benchmark 2023-V2 PSA, the BMO 2023-5C1 PSA and
the Benchmark 2023-V3 PSA, because the certificate administrator under each
such pooling and servicing agreement or trust and servicing agreement does not
perform any activities that address the servicing criteria specified in Item
1122(d) of Regulation AB with respect to the issuing entity. This annual report
on Form 10-K does not include the report on assessment of compliance with
servicing criteria and attestation report on assessment of compliance with
servicing criteria of Wilmington Trust, National Association, as trustee under
the CGCMT 2023-PRM3 TSA, because Wilmington Trust, National Association did not
make, and was not required to make, an advance under the CGCMT 2023-PRM3 TSA
during the year ended December 31, 2023 and, pursuant to the terms of the CGCMT
2023-PRM3 TSA, the trustee is not required to provide assessment of compliance
with applicable servicing criteria and attestation report on assessment of
compliance with servicing criteria with respect to any period during which the
trustee has not made, and is not required to make, an advance.

 9. This annual report on Form 10-K does not include the
servicer compliance statements of (i) Berkadia Commercial Mortgage LLC, as
master servicer under the CGCMT 2023-PRM3 TSA, pursuant to which the Prime
Storage Portfolio #3 mortgage loan is serviced, (ii) Mount Street US (Georgia)
LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan under
the CGCMT 2023-PRM3 TSA, (iii) KeyBank National Association, as master servicer
under the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgage
loan is serviced, (iv) Greystone Servicing Company LLC, as special servicer for
the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA, (v) Wells
Fargo Bank, National Association, as master servicer under the BANK 2023-BNK46
PSA, pursuant to which the One & Two Commerce mortgage loan is serviced,
(vi) 3650 REIT Loan Servicing
LLC, as special servicer for the Harborside 2-3 mortgage loan under the
Benchmark 2023-V2 PSA, (vii) KeyBank National Association, as master servicer
under the BMO 2023-5C1 PSA, pursuant to which the Gilardian NYC Portfolio II
mortgage loan is serviced, (viii) 3650 REIT Loan Servicing LLC, as special
servicer for the Gilardian NYC Portfolio II mortgage loan under the BMO
2023-5C1 PSA and (ix) Greystone Servicing Company LLC, as special servicer for
the 12800 Culver Blvd mortgage loan under the Benchmark 2023-V3 PSA, because
each of Berkadia Commercial Mortgage LLC, Mount Street US (Georgia) LLP,
KeyBank National Association, Greystone Servicing Company LLC, Wells Fargo
Bank, National Association, 3650 REIT Loan Servicing LLC and Greystone
Servicing Company LLC is an unaffiliated party that services less than 10% of
the pool assets of the issuing entity, and therefore is not a "servicer" that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.
This annual report on Form 10-K does not include the servicer compliance
statements of Computershare Trust Company, National Association as certificate
administrator under the CGCMT 2023-PRM3 TSA, the BBCMS 2023-5C23 PSA, the BMO
2023-5C2 PSA, the BANK 2023-BNK46 PSA, the Benchmark 2023-V2 PSA, the BMO
2023-5C1 PSA and the Benchmark 2023-V3 PSA, because the certificate
administrator under each such pooling and servicing agreement or trust and
servicing agreement is not a "servicer" that meets the criteria in Item
1108(a)(2)(i) through (iii) of Regulation AB with respect to the issuing
entity.

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff
 Comments.

 Item 1C.

 None.

 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.

 Selected Financial Data.

 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.

 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 Accounting Fees
 and Services.

 ADDITIONAL DISCLOSURE ITEMS FOR REGULATION
AB

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

 With
respect to the pool assets for Benchmark 2023-V4 Mortgage Trust, there are no
significant obligors within the meaning of Item 1101(k) of Regulation AB.

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

 No
entity or group of affiliated entities provides any external credit
enhancement, uses any derivative instruments or other support for the
certificates within this transaction.

 Item
1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).

 No
entity or group of affiliated entities provides any external credit
enhancement, uses any derivative instruments or other support for the
certificates within this transaction.

 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.

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

 Provided
previously in the prospectus of the Registrant relating to the issuing entity
and filed on November 14, 2023 pursuant to Rule 424(b)(2) of the Securities Act
of 1933, as amended.

 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)
List the following documents filed as part of the report:

 (1) Not Applicable

 (2) Not Applicable

 (3)
Exhibits listed below are either included or incorporated by reference as
indicated below:

 (4.1)
 Pooling
and Servicing Agreement, dated as of November 1, 2023 ("Benchmark 2023-V4
PSA"), among Citigroup Commercial Mortgage Securities Inc., as depositor,
Midland Loan Services, A Division of PNC Bank, National Association, as master
servicer, K-Star Asset Management LLC, as special servicer, Park Bridge Lender
Services LLC, as operating advisor and as asset representations reviewer, and
Computershare Trust Company, National Association, as certificate administrator
and as trustee (filed as Exhibit 4.1 to the registrant's Current Report on Form
8-K/A dated November 21, 2023, and filed on November 21, 2023 under Commission
File No. 333-262701-05, and is incorporated by reference herein).

 (4.2) Trust
and Servicing Agreement, dated as of June 29, 2023 ("CGCMT 2023-PRM3 TSA"),
among Citigroup Commercial Mortgage Securities Inc., as depositor, Berkadia
Commercial Mortgage LLC, as servicer, Mount Street US (Georgia) LLP, as special
servicer, Wilmington Trust, National Association, as trustee, Computershare
Trust Company, National Association, as certificate administrator, and
Pentalpha Surveillance LLC, as operating advisor (filed as Exhibit 4.2 to the
registrant's Current Report on Form 8-K dated November 9, 2023, and filed on
November 14, 2023 under Commission File No. 333-262701-05, and is incorporated
by reference herein). (See Explanatory Note 1)

 (4.3) Pooling
and Servicing Agreement, dated as of November 1, 2023 ("BMO 2023-5C2 PSA"),
among BMO Commercial Mortgage Securities LLC, as depositor, KeyBank National
Association, as master servicer, Greystone Servicing Company LLC, as special
servicer, BellOak, LLC, as operating advisor and as asset representations
reviewer, Computershare Trust Company, National Association, as certificate
administrator, and Wilmington Trust, National Association, as trustee (filed as
Exhibit 4.3 to the registrant's Current Report on Form 8-K dated November 9,
2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,
and is incorporated by reference herein). (See Explanatory Note 2)

 (4.4) Pooling
and Servicing Agreement, dated as of August 1, 2023 ("BANK 2023-BNK46 PSA"),
among Wells Fargo Bank Commercial Mortgage Securities, Inc., as depositor,
Wells Fargo Bank, National Association, as general master servicer, LNR
Partners, LLC, as general special servicer, National Cooperative Bank, N.A., as
co-op master servicer and as co-op special servicer, Computershare Trust
Company, 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 4.4
to the registrant's Current Report on Form 8-K dated November 9, 2023, and
filed on November 14, 2023 under Commission File No. 333-262701-05, and is incorporated
by reference herein). (See Explanatory Note 3)

 (4.5) Pooling
and Servicing Agreement, dated as of May 1, 2023 ("Benchmark 2023-V2 PSA"),
among Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan
Services, A Division of PNC Bank, National Association, as master servicer,
3650 REIT Loan Servicing LLC, as special servicer, BellOak, LLC, as operating
advisor and as asset representations reviewer, and Computershare Trust Company,
National Association, as certificate administrator and as trustee (filed as
Exhibit 4.5 to the registrant's Current Report on Form 8-K dated November 9,
2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,
and is incorporated by reference herein). (See Explanatory Note 4)

 (4.6) Pooling
and Servicing Agreement, dated as of August 1, 2023 ("2023-5C1 PSA"), among BMO
Commercial Mortgage Securities LLC, as depositor, KeyBank National Association,
as master servicer, 3650 REIT Loan Servicing LLC, as special servicer,
Pentalpha Surveillance LLC, as operating advisor and as asset representations
reviewer, and Computershare Trust Company, National Association, as certificate
administrator and as trustee (filed as Exhibit 4.6 to the registrant's Current
Report on Form 8-K dated November 9, 2023, and filed on November 14, 2023 under
Commission File No. 333-262701-05, and is incorporated by reference herein).
(See Explanatory Note 5)

 (4.7) Pooling
and Servicing Agreement, dated as of July 1, 2023 ("Benchmark 2023-V3 PSA"),
among GS Mortgage Securities Corporation II, as depositor, Midland Loan
Services, A Division of PNC Bank, National Association, as master servicer,
Greystone Servicing Company LLC, as special servicer, Computershare Trust
Company, National Association, as certificate administrator and as trustee, and
Park Bridge Lender Services LLC, as operating advisor and as asset
representations reviewer (filed as Exhibit 4.7 to the registrant's Current
Report on Form 8-K dated November 9, 2023, and filed on November 14, 2023 under
Commission File No. 333-262701-05, and is incorporated by reference herein).
(See Explanatory Note 6)

 (4.8) Pooling
and servicing agreement, dated as of December 1, 2023 ("BBCMS 2023-5C23 PSA"),
among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as master servicer, LNR
Partners, LLC, as special servicer, Computershare Trust Company, National
Association, as certificate administrator and 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 dated
December 7, 2023, and filed on December 13, 2023 under Commission File No.
333-262701-05, and is incorporated by reference herein). (See Explanatory Note
2)

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities. (see Explanatory Note 8)

 33.1 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer

 33.2 K-Star Asset Management
LLC, as special servicer

 33.3 Park Bridge Lender Services
LLC, as operating advisor

 33.4 Computershare Trust
Company, National Association, as certificate administrator and trustee

 33.5 Computershare Trust
Company, National Association, as custodian

 33.6 Berkadia Commercial
Mortgage LLC, as servicer under the CGCMT 2023-PRM3 TSA, pursuant to which the
Prime Storage Portfolio #3 mortgage loan is serviced.

 33.7 Mount Street US (Georgia)
LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan under
the CGCMT 2023-PRM3 TSA.

 33.8 Computershare Trust Company, National Association, as
custodian for the Prime Storage Portfolio #3 mortgage loan under the CGCMT
2023-PRM3 TSA. (see Exhibit 33.5)

 33.9 Wilmington
Trust, National Association, as trustee under the CGCMT 2023-PRM3 TSA, pursuant
to which the Prime Storage Portfolio #3 mortgage loan is serviced. (omitted; see Explanatory Note 8)

 33.10 Pentalpha Surveillance LLC, as operating advisor for
the Prime Storage Portfolio #3 mortgage loan under the CGCMT 2023-PRM3 TSA.

 33.11 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BBCMS 2023-5C23 PSA,
pursuant to which the Philadelphia Marriott Downtown mortgage loan is serviced.
(see Exhibit 33.1)

 33.12 LNR Partners, LLC, as special servicer for the
Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23 PSA.

 33.13 Computershare Trust Company, National Association, as
trustee under the BBCMS 2023-5C23 PSA, pursuant to which the Philadelphia
Marriott Downtown mortgage loan is serviced. (see Exhibit 33.4)

 33.14 Computershare Trust Company, National Association, as
custodian for the Philadelphia Marriott Downtown mortgage loan under the BBCMS
2023-5C23 PSA. (see Exhibit 33.5)

 33.15 Park Bridge Lender Services LLC, as operating advisor
for the Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23
PSA. (see Exhibit 33.3)

 33.16 KeyBank National Association, as master servicer
under the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgage
loan is serviced.

 33.17 Greystone Servicing Company LLC, as special servicer
for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 33.18 Computershare Trust Company, National Association, as
custodian for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.
(see Exhibit 33.5)

 33.19 Wilmington Trust, National Association, as trustee
under the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgage
loan is serviced.

 33.20 BellOak, LLC, as operating advisor for the Lake
Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 33.21 Wells
Fargo Bank, National Association, as general master servicer under the BANK
2023-BNK46 PSA, pursuant to which the One & Two Commerce mortgage loan is
serviced. (omitted; see Explanatory Note 8)

 33.22 LNR Partners, LLC, as special servicer for the One
& Two Commerce mortgage loan under the BANK 2023-BNK46 PSA. (see Exhibit
33.12)

 33.23 Computershare Trust Company, National Association, as
custodian for the One & Two Commerce mortgage loan under the BANK
2023-BNK46 PSA. (see Exhibit 33.5)

 33.24 Wilmington Trust,
National Association, as trustee under the BANK 2023-BNK46 PSA, pursuant to
which the One & Two Commerce mortgage loan is serviced. (see Exhibit 33.19)

 33.25 Park Bridge Lender
Services LLC, as operating advisor for the One & Two Commerce mortgage loan
under the BANK 2023-BNK46 PSA. (see Exhibit 33.3)

 33.26 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the Benchmark 2023-V2 PSA,
pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit
33.1)

 33.27 3650 REIT Loan Servicing LLC, as special servicer for the
Harborside 2-3 mortgage loan under the Benchmark 2023-V2 PSA. (omitted; see
Explanatory Note 8)

 33.28 BellOak, LLC, as
operating advisor for the Harborside 2-3 mortgage loan under the Benchmark
2023-V2 PSA. (see Exhibit 33.20)

 33.29 Computershare Trust
Company, National Association, as trustee under the Benchmark 2023-V2 PSA,
pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit
33.4)

 33.30 Computershare Trust
Company, National Association, as custodian for the Harborside 2-3 mortgage
loan under the Benchmark 2023-V2 PSA. (see Exhibit 33.5)

 33.31 KeyBank National
Association, as master servicer under the BMO 2023-5C1 PSA, pursuant to which
the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit 33.16)

 33.32 3650 REIT Loan Servicing LLC, as special servicer for
the Gilardian NYC Portfolio mortgage loan under the BMO 2023-5C1 PSA. (omitted; see Explanatory Note 8)

 33.33 Pentalpha Surveillance
LLC, as operating advisor for the Gilardian NYC Portfolio mortgage loan under
the BMO 2023-5C1 PSA. (see Exhibit 33.10)

 33.34 Computershare Trust
Company, National Association, as trustee under the BMO 2023-5C1 PSA, pursuant
to which the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit
33.4)

 33.35 Computershare Trust
Company, National Association, as custodian for the Gilardian NYC Portfolio
mortgage loan under the BMO 2023-5C1 PSA. (see Exhibit 33.5)

 33.36 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer under the
Benchmark 2023-V3 PSA, pursuant to which the 12800 Culver Blvd mortgage loan is
serviced. (see Exhibit 33.1)

 33.37 Greystone Servicing Company
LLC, as special servicer for the 12800 Culver Blvd mortgage loan under the
Benchmark 2023-V3 PSA. (see Exhibit 33.17)

 33.38 Computershare Trust
Company, National Association, as trustee under the Benchmark 2023-V3 PSA,
pursuant to which the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit
33.4)

 33.39 Computershare Trust
Company, National Association, as custodian for the 12800 Culver Blvd mortgage
loan under the Benchmark 2023-V3 PSA. (see Exhibit 33.5)

 33.40 Park Bridge Lender
Services LLC, as operating advisor for the 12800 Culver Blvd mortgage loan
under the Benchmark 2023-V3 PSA. (see Exhibit 33.3)

 34 Attestation reports on assessment of compliance with servicing
criteria for asset-backed securities. (see Explanatory Note 8)

 34.1 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer

 34.2 K-Star Asset Management
LLC, as special servicer

 34.3 Park Bridge Lender Services
LLC, as operating advisor

 34.4 Computershare Trust
Company, National Association, as certificate administrator and trustee

 34.5 Computershare Trust
Company, National Association, as custodian

 34.6 Berkadia Commercial
Mortgage LLC, as servicer under the CGCMT 2023-PRM3 TSA, pursuant to which the
Prime Storage Portfolio #3 mortgage loan is serviced.

 34.7 Mount Street US (Georgia)
LLP, as special servicer for the Prime Storage Portfolio #3 mortgage loan under
the CGCMT 2023-PRM3 TSA.

 34.8 Computershare Trust Company, National Association, as
custodian for the Prime Storage Portfolio #3 mortgage loan under the CGCMT
2023-PRM3 TSA. (see Exhibit 34.5)

 34.9 Wilmington
Trust, National Association, as trustee under the CGCMT 2023-PRM3 TSA, pursuant
to which the Prime Storage Portfolio #3 mortgage loan is serviced. (omitted;
see Explanatory Note 8)

 34.10 Pentalpha Surveillance LLC, as operating advisor for the
Prime Storage Portfolio #3 mortgage loan under the CGCMT 2023-PRM3 TSA.

 34.11 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BBCMS 2023-5C23 PSA,
pursuant to which the Philadelphia Marriott Downtown mortgage loan is serviced.
(see Exhibit 34.1)

 34.12 LNR Partners, LLC, as special servicer for the
Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23 PSA.

 34.13 Computershare Trust Company, National Association, as
trustee under the BBCMS 2023-5C23 PSA, pursuant to which the Philadelphia
Marriott Downtown mortgage loan is serviced. (see Exhibit 34.4)

 34.14 Computershare Trust Company, National Association, as
custodian for the Philadelphia Marriott Downtown mortgage loan under the BBCMS
2023-5C23 PSA. (see Exhibit 34.5)

 34.15 Park Bridge Lender Services LLC, as operating advisor
for the Philadelphia Marriott Downtown mortgage loan under the BBCMS 2023-5C23
PSA. (see Exhibit 34.3)

 34.16 KeyBank National Association, as master servicer under
the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgage loan is
serviced.

 34.17 Greystone Servicing Company LLC, as special servicer
for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 34.18 Computershare Trust Company, National Association, as
custodian for the Lake Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.
(see Exhibit 34.5)

 34.19 Wilmington Trust, National Association, as trustee
under the BMO 2023-5C2 PSA, pursuant to which the Lake Merritt Plaza mortgage
loan is serviced.

 34.20 BellOak, LLC, as operating advisor for the Lake
Merritt Plaza mortgage loan under the BMO 2023-5C2 PSA.

 34.21 Wells
Fargo Bank, National Association, as general master servicer under the BANK
2023-BNK46 PSA, pursuant to which the One & Two Commerce mortgage loan is
serviced. (omitted; see Explanatory Note 8)

 34.22 LNR Partners, LLC, as special servicer for the One
& Two Commerce mortgage loan under the BANK 2023-BNK46 PSA. (see Exhibit
34.12)

 34.23 Computershare Trust Company, National Association, as
custodian for the One & Two Commerce mortgage loan under the BANK
2023-BNK46 PSA. (see Exhibit 34.5)

 34.24 Wilmington Trust,
National Association, as trustee under the BANK 2023-BNK46 PSA, pursuant to
which the One & Two Commerce mortgage loan is serviced. (see Exhibit 34.19)

 34.25 Park Bridge Lender
Services LLC, as operating advisor for the One & Two Commerce mortgage loan
under the BANK 2023-BNK46 PSA. (see Exhibit 34.3)

 34.26 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the Benchmark 2023-V2 PSA,
pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit
34.1)

 34.27 3650 REIT Loan Servicing LLC, as special servicer for the
Harborside 2-3 mortgage loan under the Benchmark 2023-V2 PSA. (omitted; see
Explanatory Note 8)

 34.28 BellOak, LLC, as
operating advisor for the Harborside 2-3 mortgage loan under the Benchmark
2023-V2 PSA. (see Exhibit 34.20)

 34.29 Computershare Trust
Company, National Association, as trustee under the Benchmark 2023-V2 PSA,
pursuant to which the Harborside 2-3 mortgage loan is serviced. (see Exhibit
34.4)

 34.30 Computershare Trust Company,
National Association, as custodian for the Harborside 2-3 mortgage loan under
the Benchmark 2023-V2 PSA. (see Exhibit 34.5)

 34.31 KeyBank National
Association, as master servicer under the BMO 2023-5C1 PSA, pursuant to which
the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit 34.16)

 34.32 3650 REIT Loan Servicing LLC, as special servicer for
the Gilardian NYC Portfolio mortgage loan under the BMO 2023-5C1 PSA. (omitted;
see Explanatory Note 8)

 34.33 Pentalpha Surveillance
LLC, as operating advisor for the Gilardian NYC Portfolio mortgage loan under
the BMO 2023-5C1 PSA. (see Exhibit 34.10)

 34.34 Computershare Trust
Company, National Association, as trustee under the BMO 2023-5C1 PSA, pursuant
to which the Gilardian NYC Portfolio mortgage loan is serviced. (see Exhibit
34.4)

 34.35 Computershare Trust
Company, National Association, as custodian for the Gilardian NYC Portfolio
mortgage loan under the BMO 2023-5C1 PSA. (see Exhibit 34.5)

 34.36 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer under the
Benchmark 2023-V3 PSA, pursuant to which the 12800 Culver Blvd mortgage loan is
serviced. (see Exhibit 34.1)

 34.37 Greystone Servicing
Company LLC, as special servicer for the 12800 Culver Blvd mortgage loan under
the Benchmark 2023-V3 PSA. (see Exhibit 34.17)

 34.38 Computershare Trust
Company, National Association, as trustee under the Benchmark 2023-V3 PSA,
pursuant to which the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit
34.4)

 34.39 Computershare Trust
Company, National Association, as custodian for the 12800 Culver Blvd mortgage
loan under the Benchmark 2023-V3 PSA. (see Exhibit 34.5)

 34.40 Park Bridge Lender
Services LLC, as operating advisor for the 12800 Culver Blvd mortgage loan
under the Benchmark 2023-V3 PSA. (see Exhibit 34.3)

 35 Servicer compliance statement. (see Explanatory Note 9)

 35.1 Midland Loan Services, a
Division of PNC Bank, National Association, as master servicer

 35.2 K-Star Asset Management
LLC, as special servicer

 35.3 Computershare Trust
Company, National Association, as certificate administrator

 35.4 Midland Loan Services, a Division of PNC Bank,
National Association, as master servicer under the BBCMS 2023-5C23 PSA,
pursuant to which the Philadelphia Marriott Downtown mortgage loan is serviced.
(see Exhibit 35.1)

 35.5
 LNR Partners, LLC, as
special servicer for the Philadelphia Marriott Downtown mortgage loan under the
BBCMS 2023-5C23 PSA.

 35.6
 LNR Partners, LLC,
as special servicer for the One & Two Commerce mortgage loan under the BANK
2023-BNK46 PSA. (see Exhibit 35.5)

 35.7
 Midland Loan Services, a Division of PNC Bank,
National Association, as servicer under the Benchmark 2023-V2 PSA, pursuant to
which the Harborside 2-3 mortgage loan is serviced. (see Exhibit 35.1)

 35.8
 Midland Loan Services, a Division of PNC Bank,
National Association, as servicer under the Benchmark 2023-V3 PSA, pursuant to
which the 12800 Culver Blvd mortgage loan is serviced. (see Exhibit 35.1)

 (99.1) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between Citi Real
Estate Funding Inc. and Citigroup Commercial Mortgage Securities Inc., pursuant
to which Citi Real Estate Funding Inc. sold certain mortgage loans to Citigroup
Commercial Mortgage Securities Inc. (filed as Exhibit 99.1 to the registrant's
Current Report on Form 8-K dated November 9, 2023, and filed on November 14,
2023 under Commission File No. 333-262701-05, and is incorporated by reference
herein).

 (99.2) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between Goldman Sachs
Mortgage Company and Citigroup Commercial Mortgage Securities Inc., pursuant to
which Goldman Sachs Mortgage Company sold certain mortgage loans to Citigroup
Commercial Mortgage Securities Inc. (filed as Exhibit 99.2 to the registrant's
Current Report on Form 8-K dated November 9, 2023, and filed on November 14,
2023 under Commission File No. 333-262701-05, and is incorporated by reference
herein).

 (99.3) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between German American
Capital Corporation and Citigroup Commercial Mortgage Securities Inc., pursuant
to which German American Capital Corporation sold certain mortgage loans to
Citigroup Commercial Mortgage Securities Inc. (filed as Exhibit 99.3 to the
registrant's Current Report on Form 8-K dated November 9, 2023, and filed on
November 14, 2023 under Commission File No. 333-262701-05, and is incorporated
by reference herein).

 (99.4) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between Barclays
Capital Real Estate Inc. and Citigroup Commercial Mortgage Securities Inc.,
pursuant to which Barclays Capital Real Estate Inc. sold certain mortgage loans
to Citigroup Commercial Mortgage Securities Inc. (filed as Exhibit 99.4 to the
registrant's Current Report on Form 8-K dated November 9, 2023, and filed on
November 14, 2023 under Commission File No. 333-262701-05, and is incorporated
by reference herein).

 (99.5) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between JPMorgan Chase
Bank, National Association and Citigroup Commercial Mortgage Securities Inc.,
pursuant to which JPMorgan Chase Bank, National Association sold certain
mortgage loans to Citigroup Commercial Mortgage Securities Inc. (filed as
Exhibit 99.5 to the registrant's Current Report on Form 8-K dated November 9,
2023, and filed on November 14, 2023 under Commission File No. 333-262701-05,
and is incorporated by reference herein).

 (99.6) Mortgage
Loan Purchase Agreement, dated as of November 21, 2023, between Bank of
Montreal and Citigroup Commercial Mortgage Securities Inc., pursuant to which
Bank of Montreal sold certain mortgage loans to Citigroup Commercial Mortgage
Securities Inc. (filed as Exhibit 99.6 to the registrant's Current Report on
Form 8-K dated November 9, 2023, and filed on November 14, 2023 under
Commission File No. 333-262701-05, and is incorporated by reference herein).

 (b)
The exhibits required to be filed by Registrant pursuant to Item 601of
Regulation S-K are listed 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.

 Citigroup
Commercial Mortgage Securities Inc.

 (Depositor)

 /s/
Richard Simpson

 Richard
Simpson, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 28, 2025