Eastline Residences Acquired in Dallas Deal

Kushner Companies acquires the 28-story Eastline Residences in Dallas, marking one of the city’s largest multifamily deals since 2022.
Kushner Companies acquires the 28-story Eastline Residences in Dallas, marking one of the city’s largest multifamily deals since 2022.
  • Kushner Companies acquired the 28-story Eastline Residences near SMU in Dallas.
  • The property, valued for tax purposes at about $131M, was sold by Convexity Properties.
  • Eastline Residences maintained 95% occupancy and 4% rent growth over the past year.
  • The transaction marks one of the largest single-property apartment deals in Dallas since 2022.
Key Takeaways

Major Dallas Multifamily Transaction

The Real Deal reports that Kushner Companies expanded its Texas footprint by acquiring Eastline Residences, a 330-unit Class A tower near SMU. The property sits at 6050 North Central Expressway, next to the DART SMU/Mockingbird Station. Chicago-based Convexity Properties sold the high-rise.

The transaction ranks among the largest single-asset multifamily trades in Dallas-Fort Worth since 2022. It signals renewed investor demand for Dallas apartments. The parties did not disclose the sale price. However, the Dallas Central Appraisal District values the property at about $131M for tax purposes.

Eastline Residences Performance

Since opening in 2021, Eastline Residences has demonstrated strong performance with 95% average occupancy and 4% annual rent growth. The 28-story tower offers high-end amenities, including a 28th-floor sky lounge and outdoor pool with views of Dallas and the Park Cities.

The building is part of a larger site developed by Convexity, following acquisition of the neighboring Twin Sixties office tower and hotel. The property’s consistent performance places it among the top multifamily assets in Dallas.

Portfolio Growth for Kushner

The Eastline Residences acquisition adds to Kushner Companies’ Texas holdings, which now total more than 2,300 units statewide. Nationally, the New York-based firm owns over 27,000 apartments across 14 states with another 10,000 units in development. The purchase also comes as the firm has been pursuing other large-scale multifamily moves, including a multibillion-dollar bid to acquire a publicly traded apartment REIT, signaling an aggressive expansion strategy. Other holdings in the region include Mansfield on the Green near Joe Pool Lake.

This deal signals a positive outlook for high-value multifamily trades in Dallas, particularly in supply-constrained areas. The Eastline Residences transaction sets a new benchmark for top-tier pricing and investor appetite in the local market.

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