For the month ended April 30, nearly $1.3 billion of newly troubled retail properties entered the distress pool, bringing total outstanding distress to $36.7 billion and the total cumulative retail distress to $47.0 billion this cycle. The volume of new distress was 30% lower than March's figure and the lowest monthly total of 2010. CMBS loans transferred to special servicing during the month accounted for $550 million of the new trouble. Resolutions and restructurings totaled $1.2 billion - $267.0 million and $962.6 million, respectively. Resolution volume in April was the highest this cycle, led by $31.7 million Hamburg Village Shopping Center, a retail strip in Lexington, KY. Overall, the net increase to current distressed inventory for the month was $48.5 million.