Kushner Companies Buys Eastline Tower in Dallas

The Kushners are making their interest in Dallas known.

New York-based Kushner Companies acquired the Eastline Residences, a 28-story luxury apartment tower near Southern Methodist University, in one of the region’s largest multifamily trades in recent years, the Dallas Morning News first reported.

The high-rise sits just off US 75 at 6050 North Central Expressway, adjacent to the DART light rail SMU/Mockingbird Station and the Mockingbird Station retail complex. The seller was Chicago-based Convexity Properties. The deal closed Wednesday evening, but has yet to be recorded in county property records.

Pricing wasn’t disclosed, though the Dallas Central Appraisal District recently valued the property at about $131 million for tax purposes. Northmarq, the brokerage that represented Convexity in the sale, said in a news release that the sale marks 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.

Eastline Residences has kept about 95 percent average occupancy since opening, as well as 4 percent rent growth in the past 12 months, Northmarq Senior Vice President Eric Stockley said in a statement. Stockley was joined by Northmarq’s Taylor Snoddy, Charles Hubbard, Lauren Bresky and Kevin Leamy.

Eastline’s development began in 2018 after Convexity acquired the neighboring Twin Sixties office tower and hotel. The 28-story project features a 28th-floor sky lounge and an outdoor pool overlooking Dallas and the Park Cities, and offers 330 Class A units. The apartments opened in 2021.

For the Kushner Companies, the acquisition adds to a growing Texas portfolio. The multigenerational firm owns more than 27,000 apartments across 14 states and has roughly 10,000 units under development, according to its website. In Texas, it controls more than 2,300 units, including Mansfield on the Green in Mansfield southeast of Dallas near Joe Pool Lake.

The company was previously led by Jared Kushner, who stepped down as CEO in 2017 to serve as a senior adviser to his father-in-law, Donald Trump. Kushner retains a 20 percent stake in the firm, valued at $560 million in late 2025, according to Forbes.

Large, single-property trades have been scarce since 2022, making Eastline’s sale a bellwether for pricing at the top end of the market in a supply-constrained corridor, according to the release.

— Eric Weilbacher