KKR Acquires Two Irving Rental Assets

KKR Acquires Two Irving Rental Assets
News| December 8, 2025| Mike Boyd
Texas + Apartment Buildings

The two projects total 673 units. Lone Star Funds was the seller of the 286-unit Eastshore on Lake Carolyn and the 387-unit Promenade at Las Colinas.

Multihousing News reports that KKR, the buyer, took out a $118 million loan from Rialto Capital Management.

Promenade at Las Colinas came online in 2020. The property at 555 Promenade Parkway is a five-story building that comprises studio, one-bedroom, and two-bedroom floor plans, ranging in size from 575 to 1,515 square feet. Apartments also feature private balconies or patios, while amenities include a fitness center, swimming pool, clubhouse, outdoor lounge, and EV charging stations.

The other was delivered in 2019. Eastshore on Lake Carolyn is at 1100 Lake Carolyn Parkway, 12 miles from Downtown Dallas. The property is also conveniently located within walking distance of the Promenade at Las Colinas.

The building, which also rises five stories, features studio, one-, two-, andpartments rang three-bedroom aing from 560 to 1,550 square feet. Amenities consist of two swimming pools, a clubhouse, and a fitness center.

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