Northmarq’s Investment Sales team arranges sale of luxury, 28-story high-rise, Eastline Residences, in Dallas

DALLAS — Northmarq’s Dallas Investment Sales team led by Taylor Snoddy, Eric Stockley and Charles Hubbard successfully completed the sale of Eastline Residences, a 330-unit luxury high-rise apartment located at 6050 N. U.S. Highway 75 Central Expressway 1000 in Dallas, Texas.

The team arranged the sale on behalf of the seller, Convexity Properties, LLC. The buyer was Kushner Companies LLC. Kevin Leamy and Lauren Bresky advised on financing on behalf of the buyer.

“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 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.”

“This sale reflects the power of Northmarq’s national platform and the strategic marketing campaign we executed for our client,” said 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.”

Delivered in 2021 by Convexity Properties, Eastline comprises 330 institutional-quality Class A residences featuring premium interior finishes, expansive floor plans and unobstructed views of Downtown Dallas, SMU and White Rock Lake. The property is highlighted by the tallest rooftop pool in Dallas–Fort Worth, penthouse-caliber finishes, panoramic skyline views and direct connectivity to both the Katy Trail and DART Light Rail.

Located within one of the nation’s most supply-constrained urban infill high-rise corridors, Eastline benefits from significant barriers to entry, irreplaceable land positioning and limited competitive future supply. Its walkable location, best-in-class amenity package and access to more than 300,000 jobs create a durable demand profile that supports long-term rent growth and elevated occupancy performance. All of which reinforces its position as one of the premier luxury towers in the Metroplex.

Penthouse residences on floors 25 through 28 feature elevated finish packages, including motorized shades, upgraded custom closet systems, enhanced recessed lighting on the 27th and 28th levels, and premium Fisher & Paykel appliances—commanding rents in excess of $6,500 per month.

Across the community, residences offer keyless electronic entry, floor-to-ceiling windows, built-in entry mudrooms, quartz countertops with full-height backsplashes, two-tone Italian-style kitchen cabinetry, wood-style cabinetry in bathrooms, stainless steel appliances, oversized walk-in showers with frameless glass enclosures, solar shades, and private walk-out balconies or patios.

Investment Highlights:

• Stabilized Performance: Averaging 94% occupancy over the past three years with no concessions and consistent rent growth of 2–6%.
• Affluent Demographics: Average household income of $293,800 for the residents, makes this one of the most affluent communities in the state 
• Supply-Constrained Market: Muted construction supply for comparable product in the immediate micro market, roughly 233 units to be delivered in the next 6 months
• Discount to Replacement Cost: Eastline offers a significant value proposition compared to new construction, with replacement costs exceeding $850,000 per unit.
• Employment-Centric Location: Within a 5-minute drive of over 300,000 jobs across Downtown, Uptown, and the Telecom Corridor.