I have worked with a global developer in the past, and would certainly not do it again.

Are any of these areas desirable (i.e. low crime & econically vibrant)?

The American stock market volatility and Global trade war were the canaries that already have me leaning back waiting for a 25-40% drop in real estate values across the country.

The smart operators know that they aren't just in the industrial, commercial or residential real estate business, but they are contributors to a vibrant community.

I must say, of ALL the online forums I have been apart of, never have I seen such a vibrant, engaged & value creating community!

Unless you raise all tenants to a new market rent all at once (which would create a riot in the street) you'll have to deal with loss to lease as a component of your economic occupancy.Being 100% economically occupied for two years means that you have no vacancy, have collected every dollar of rent, and haven't raised rates globally (creating loss to lease with existing leases). 

That stated I've got a contact who's a major player in the Global Oil industry.

@Micah LukeWelcome aboard the vibrant BP community.

I'm local to the area, a Realtor, and a Community Association Manager (Condo & HOA Management).While I'm sure that with enough digging, you could find out the rental rate then vs now, it's not tremendously relevant.Brexit will obviously have some impact globally.

@Damon ArmstrongReminds me of this:http://www.wrigley.com/global/about-us/ourfounder....Hopefully the marble business does not out strip real estate.. or maybe it will.Good luck with the mailers.