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U.S. investor said to be cashing out of Berlin housing market

Posted on 17 January 2013

Lincoln Equities Group LLC plans to sell its 5,200 apartments in Berlin this year as the private- equity firm seeks to take advantage of rising prices, two people with knowledge of the plan said.
The homes are valued at about 500 million euros ($664 million), according to the people, who asked not to be identified because the information is private. Joel Bergstein, president of the Rutherford, New Jersey-based company, couldn’t immediately be reached for comment………………………………………..Full Article: Source


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