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03/04/2013

Fort Worth apartment community sold

 Austin-based developer Oden Hughes and its partner White Conlee Builders have sold the 336-unit Republic Deer Creek apartment community off Interstate 35W near McPherson Boulevard to Miami-based Pensam Capital.

The development was started in late 2010 and completed in early 2012. It was 93 percent leased at the time of the sale.

"Republic Deer Creek experienced an extremely fast lease up in an underserved market," said Steve Oden, principal with Oden Hughes, in a statement.

Republic Deer Creek apartments range in size from one to three bedrooms. Amenities include a pool, walking trails, bocce ball courts and a dog park.

HHF’s Bill Miller and Roberto Casas represented the seller.

Oden Hughes has developed apartments in Austin, San Antonio, Dallas, Fort Worth and Houston.

_ Sandra Baker

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