Calif. Investment Company Acquires Affordable Senior Complex for More Than $15 Million

California Commercial Investment Co. of Westlake Village has just acquired an affordable senior housing complex located in Van Nuys, Calif., for more than $15 million, according to the Los Angeles Times.

The 12-story Fickett Towers, named after former Navy chaplain Harold Lord Fickett, is a 200-unit apartment complex that was completed in 1973.

The buyer, California Commercial, owns and manages more than 4,000 senior apartment units in 21 states, according to Tom Lungin, its director of acquisitions.

Written by Alyssa Gerace