Kushner Acquires 330-Unit Dallas Rental Community
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.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout