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:
- 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.
Players
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