Retail real estate has emerged as an increasingly attractive asset class. LBX Investment’s Phil Block and CBRE’s Chris DeCouflé discuss the strategies driving today's returns and where the smart money is headed.

* Operational intensity is unlocking significant value.

* Adding multifamily or event spaces to traditional retail can enhance investment returns.

* Mispriced risk in retail presents opportunities for value-add and core strategies.

* Incorporating grocers strategically can boost open-air center value.

* Technology and data are crucial for underwriting retail real estate investments.