With all that's going on in the world from Brexit to Zika, U.S. investors may want to consider keeping their money at home in multi-family real estate projects. But not necessarily in publicly traded REITs. 'Buying real estate is better done on a direct basis,' said Eric Jones, chief investment officer of Dome Equities. 'Public REITs are too correlated to the public market and interest rates in particular.' Jones said he is targeting seven percent to nine percent yields on his portfolio, with a low-teens total return. Jones said higher income suburban locations in major metropolitan areas will outperform urban core for apartment investment. In his view, new supply in urban core areas with slowing growth coupled with investors currently paying too low of cap rate is a recipe to lose money, even in multi-family apartments.