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6050 North Central Expressway

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

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

6050 North Central Expressway

Building Size

Asset Type

MultiFamily

Closing

Feb 23, 2026

AI

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:

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.

Players

Taylor Snoddy

NorthMarq

Broker

28 deals

Broker
Laurent Morali

Laurent Morali

Kushner Companies

Buyer

$2.5B

vol

18 deals

Buyer
CP
Convexity PropertiesSeller

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93