Material Event (Form 8-K)

Item 8.01 Other Events.

Reference is hereby made to the pooling and servicing agreement (the "BMO 2024-5C3 PSA") dated as of February 1, 2024, relating to the BMO 2024-5C3 Mortgage Trust (the "Issuing Entity"). The BMO 2024-5C3 PSA was filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity, filed on January 29, 2024 under Commission File Number 333-255934-10. Capitalized terms used but not defined herein shall have the meanings assigned to them in the BMO 2024-5C3 PSA. 

The Mortgage Loan secured by the Mortgaged Property identified on the Mortgage Loan Schedule as Piazza Alta, an asset of the Issuing Entity, is being serviced pursuant to the pooling and servicing agreement (the "BMO 2023-5C2 PSA"), dated as of November 1, 2023, between 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, which governs the issuance of the BMO 2023-5C2 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2023-5C2.  The BMO 2023-5C2 PSA was filed as Exhibit 4.4 to the Current Report on Form 8-K with respect to the Issuing Entity, filed on January 29, 2024 under Commission File Number 333-255934-10.

Pursuant to Section 6.08 (a) of the BMO 2023-5C2 PSA, the directing holder under BMO 2023-5C2 PSA has terminated Greystone Servicing Company LLC as special servicer under the BMO 2023-5C2 PSA, and has appointed CWCapital Asset Management LLC to act as successor special servicer under the BMO 2023-5C2 PSA effective as of July 15, 2026. A copy of the related Acknowledgment and Assumption of Proposed Special Servicer dated July 15, 2026 is attached hereto as Exhibit 20.1.