Kushner Buys Dallas Luxury Asset
Northmarq arranged the transaction.
Kushner Cos. has acquired Eastline Residences, a 330-unit luxury community in Dallas. Convexity Properties sold the asset with the assistance of Northmarq, which also arranged the acquisition financing.
Convexity completed the 28-story tower back in 2021 using funds from a $72.3 million construction loan from May 2019, Yardi Matrix data shows. Fifth Third Bank originated the note.
Rising on almost 2 acres at 6050 N. Central Expressway, Eastline Residences is close to a host of dining and retail options, including the Mockingbird Station shopping center. Downtown Dallas is about 6 miles away, while DFW International Airport is within 22 miles northeast.
READ ALSO: These Major Markets Have the Lowest Apartment Sale Prices
The high-rise comprises one-, two- and three-bedroom floorplans ranging from 605 to 1,668 square feet, along with about 15,000 square feet of first-floor retail space. Apartments have private balconies or patios and walk-in showers. Floors 25 through 28 include penthouse layouts.
Common-area amenities include a swimming pool, business center, clubhouse and fitness center, as well as a sundeck. The community also has about 580 parking spaces.
This sale is the second-largest single-property residential transaction in the metro since 2022, Northmarq Senior Vice President Eric Stockley said in prepared remarks. He also mentioned the property has had a 95 percent average occupancy over the last five years.
Stockley, alongside Managing Director Taylor Snoddy and Vice President Charles Hubbard, led the multifamily investment sales team. Senior Vice President Kevin Leamy and Managing Director Lauren Bresky advised the buyer on obtaining the financing.
Dallas multifamily sales rank high
The Metroplex ranked second in the U.S. last year for multifamily investment volume, reaching $4.4 billion in total sales, Yardi Matrix data shows. The performance underscores the multifamily market predictions that Sun Belt markets remain hotspots for investors. The figure was slightly above the $4.2 billion registered the previous year, when 213 properties—49,447 units—changed hands.
In 2025, assets traded for an average price per unit of $76,857. One of these communities was Riachi at One21, a 450-unit property in Plano, Texas, that Mesirow Financial purchased from Banner Real Estate Group.
