A company tied to the Kushner family has bought a 28-story, high-rise apartment building near SMU. The sale marked the second-largest residential sale in the Dallas-Fort Worth area since 2022, according to Northmarq, which represented the seller, Convexity Properties.
Eastline Residences, the 330-unit apartment building in the 6000 block of North Central Expressway neighboring Mockingbird Station, was sold to Kushner Companies, according to a press release. Further details about the deal weren’t disclosed.
“Eastline Residences represents exactly the type of trophy asset that institutional buyers aggressively compete to acquire, and we’re proud to have guided this transaction to a successful close,” said Eric Stockley, senior vice president at Northmarq. “As the second-largest residential sale in the Metroplex since 2022, this transaction underscores the depth of investor demand for premier urban core communities in Dallas. It also reflects the strength of the underlying fundamentals, as the community has maintained approximately 95% average occupancy since opening while achieving nearly 4% rent growth over the past 12 months. This demonstrates the sustained demand for high-quality luxury product in the market.”
The building boasts a luxe rooftop swimming pool billed as the tallest such pool in the the Dallas-Fort Worth area with views of the Park Cities and Dallas.
“This sale reflects the power of Northmarq’s national platform and the strategic marketing campaign we executed for our client,” said Taylor Snoddy, regional managing director at Northmarq. “By leveraging our relationships across the country, we generated strong institutional interest and created a competitive process that delivered an exceptional outcome for the seller.”
President Donald Trump’s son-in-law Jared Kushner was CEO of Kushner Companies before becoming a senior adviser to Trump during his first term in 2017, as Forbes reported. Forbes reports Kushner maintains a 20% stake in his family’s company, which is reportedly worth $560 million.
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Kushner Companies owns more than 2,300 units in Texas, according to their website. The company’s other North Texas property is Mansfield On The Green.
