New York, August 31, 2015 -- Moody's Investors Service (Moody's) was informed that GT Dallas Properties, LLC, a Delaware limited liability company and the Borrower for the Galleria Towers Loan, has elected to defease the loan with US Government Securities. The proposed defeasance will become effective upon satisfaction of the conditions precedent set forth in the governing documents. Moody's has reviewed the defeasance transaction. Moody's has determined that this proposed defeasance will not, in and of itself, and at this time, result in a downgrade or withdrawal of the current ratings to any class of certificates rated by Moody's for J.P. Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2006-LDP9.
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