Kushner Companies Acquires 330-Unit Multifamily High-Rise In Dallas From Convexity Properties

The sale involved a multifamily asset located at 6050 North Central Expressway in Dallas, comprising 330 units within a Class A high-rise. The property, Eastline Residences, was sold by Convexity Properties to Kushner Companies. Delivered in 2021, the asset has maintained an average occupancy rate of approximately 94% and has experienced considerable rent growth, targeting high-income residents in proximity to significant employment centers such as the Telecom Corridor and downtown Dallas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Location: 6050 North Central Expressway, Dallas
• Units: 330
• Buyer: Laurent Morali - Kushner Companies
• Seller: Convexity Properties
• Brokers: Taylor Snoddy, Eric Stockley & Charles Hubbard - NorthMarq
• Mortgage Brokers: Kevin Leamy & Lauren Bresky - NorthMarq

The investment sale was facilitated by Northmarq’s Dallas investment sales team, demonstrating the ongoing investor interest in high-rise urban properties within constrained supply markets. The transaction aligns with current trends favoring residential developments that cater to affluent demographics in key metropolitan areas.