University of Delaware's STAR Campus

Project Overview

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.