Kushner Cos. has acquired Eastline Residences, a 330-unit luxury community in Dallas. Convexity Properties sold the asset.
Commercial Edge reports Convexity completed the 28-story tower back in 2021 using funds from a $72.3 million construction loan from May 2019. Fifth Third Bank originated the note.
On almost 2 acres at 6050 N. Central Expressway, 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.
Common-area amenities include a swimming pool, business center, clubhouse and fitness center, as well as a sundeck.
Northmarq’s Eric Stokely, Taylor Snoddy and Charles Hubbard represented Convexity. Northmarq reports the sale is the second-largest single-property residential transaction in the area since 2022. The property has had an average occupancy of 95 percent over the last five years.
Kevin Leamy and Lauren Bresky advised the buyer on obtaining the financing.
The post Kushner Acquires 330-Unit Dallas Rental Community appeared first on Connect CRE.
​Â