• Stabilized mixed-use student housing asset located just north of Michigan State's campus
• 90+% Occupied August 2025, Retail 88% Leased Through 2028
• Potential Multi-Family Conversion - All 1 & 2 Bedroom Apartments
• Assumable PACE Financing
• Phase II Development Opportunity

NOCA Lofts is a 167-Bed student housing complex located just north of the Michigan State University campus. Built in 2019, the property sits on 6.7 Acres with 95,421 residential SF, with an additional 17,675 commercial SF. The unit mix consist of 141 one bedroom units & 13 two bedroom units. The residential units are currently 90+% occupied with the retail at 88%, leased through 2028.

This property presents an opportunity with the potential for multi-family conversion featuring all 1- and 2-bedroom apartments, supported by assumable PACE financing. In addition, a Phase II development opportunity provides further upside for long-term growth.

Michigan State University

Michigan State University (MSU), located in East Lansing, Michigan, is one of the largest and most respected public research universities in the United States. Founded in 1855 as the nation’s pioneer land-grant institution, MSU has grown into a global academic leader with over 52,000 students enrolled across undergraduate, graduate, and professional programs. The university spans more than 5,200 acres, offering a walkable, park-like campus integrated into the fabric of the East Lansing community.

The university continues to invest heavily in campus infrastructure and student experience. Recent or ongoing projects include a $38 million renovation of the Student Services Building, the new STEM Teaching and Learning Facility—MSU’s first LEED-certified lab building—and continued upgrades to residence halls and classroom spaces. MSU is also expanding its commitment to sustainability and innovation, including investments in green building practices and electric mobility infrastructure.