Kushner Companies, based in New York, has purchased the Eastline Residences, a 28-story luxury apartment building near Southern Methodist University in Dallas. The transaction is one of the largest multifamily property trades in North Texas in recent years. The sale was first reported by the Dallas Morning News.
The property is located at 6050 North Central Expressway, close to US 75 and adjacent to both the DART light rail SMU/Mockingbird Station and Mockingbird Station retail complex. Convexity Properties, based in Chicago, was the seller. Although the deal closed on Wednesday evening, it has not yet appeared in county property records.
While the purchase price was not made public, the Dallas Central Appraisal District valued Eastline Residences at about $131 million for tax purposes. According to Northmarq—the brokerage that represented Convexity—this transaction is “the second-largest single-property apartment sale in North Texas since late 2022 and ranks among the top 10 largest single-property multifamily trades in the past seven years.” This statement was provided by Eric Stockley, Senior Vice President at Northmarq, who worked alongside Taylor Snoddy, Charles Hubbard, Lauren Bresky and Kevin Leamy on this deal.
Stockley also noted that Eastline Residences has maintained an average occupancy rate of about 95 percent since opening and achieved a four percent rent increase over the last year.
Construction on Eastline began in 2018 after Convexity acquired nearby properties including Twin Sixties office tower and hotel. The completed project offers amenities such as a sky lounge on its top floor and an outdoor pool with views of Dallas and Park Cities. There are 330 Class A units available; leasing began when apartments opened in 2021.
This acquisition expands Kushner Companies’ holdings within Texas. According to its website, Kushner Companies owns more than 27,000 apartments across 14 states with around 10,000 units under development. In Texas alone, it controls over 2,300 units—including Mansfield on the Green near Joe Pool Lake southeast of Dallas.
Jared Kushner previously led Kushner Companies before stepping down as CEO in 2017 to become a senior adviser to former President Donald Trump. He still holds a twenty percent stake in the company; Forbes valued this share at $560 million as of late 2025.
Large individual property sales have been uncommon since 2022. Northmarq said this transaction may serve as an indicator for pricing trends among high-end multifamily assets within areas facing limited supply.
