Mama Shelter LA loan resolved through discounted payoff

Morgan Stanley Capital I Trust 2018-H4 reported a discounted payoff of the Mama Shelter LA loan and a realized loss allocated to Class HRR. Earlier servicing comments recorded a December 20, 2024 monetary-default transfer and a receiver-led sale process. Original loan documents named two GEM Evergreen funds as sponsors and carveout guarantors. The reported loss belongs to the securitization, not a disclosed GEM equity loss or an established guarantee payment.