I started to do business in Brazil 20 years ago so I kinda know the country. to a certain extent.And, precisely we don't know whether the reais will go up or down against the USD (and in my case the CAD), having some of our assets in reais is actually a positive because it provides diversification in terms of currencies, thereby reducing our risk.The risk of confiscation is practically zero, like it is in most countries.

I'm meeting with with our attorney to discuss some diversification options.

What about applying the time-tested principe of diversification?

I do both for diversification.

Never looked back & our only diversification was property type & size.

I look for markets who are landlord friendly, with moderate growth so that the prices are not over inflated, with business diversification.

. ;-) Diversification. 

If you’re looking to take a more passive role in your real estate and want the benefits of diversification there are funds available to accredited investors that are designed to allow investors the opportunity for ownership of institutional investment grade property that is occupied by regional, national, and Fortune 500 credited companies.

Diversification through an IRA with securities sounds like a good plan.  

I like your stock analogy with some diversification in your portfolio that offsets one another.