Blueprint Viewport displays bright green emissive for all objects

When opening a new blueprint for the first time Adding any static mesh component (Engine content or User created) causes the mesh to display with a bright green emissive. This issue occurs only in the blueprint viewport. If you close and reopen the blueprint editor causes the meshes to display correctly, so this issue only occurs the first time the blueprint is opened.

This issue is similar to [Link Removed], but is occurring with blueprints. This issue does not occur in 4.16.2 binary build of the engine.

Tested In:
4.17 - CL 3528061
4.18 - CL 3530807

1. Create a new project (No template or starter content needed)
2. Create a new blueprint
3. Add a cube component
   Result: The Cube displays a bright green emissive
   Expected: The Mesh displays without a bright green emissive