Parts 1 and 2 established that retail CRE’s fundamental backdrop is the strongest it has been in over a decade. Part 3 answers the investment question: how is capital actually being deployed, at what price, and with what return expectations? The 2026 retail transaction landscape is defined by a bifurcated recovery — institutional-grade assets in supply-constrained markets are trading at aggressive cap rates with compressed bid-ask spreads, while secondary and tertiary market product is still finding its price discovery. In this final installment, we map the deal landscape, dissect the debt market dynamics enabling it, highlight the marquee transactions of Q1 2026, and present the investment frameworks that separate disciplined capital deployment from momentum-chasing.