Bascom buys Waterfall Village

Plans to renovate units, add luxury amenities

The Bascom Group LLC on Thursday purchased the Waterfall Village apartments in Marietta, Ga., for an undisclosed price. A private Atlanta investor sold the community at 1717 Waterfall Village Drive, which features 152 units across seven two- and three-story buildings. The property was constructed in 1973 and is situated on more than 9.3 acres. Common-area amenities at the property include a laundry facility, playground, and a grilling and picnic area. Bascom plans to complete a renovation to the property that will include improvements and upgrades to the leasing center and other public amenities. Bascom will also be adding a fitness center and new swimming pool. Interior improvements will include upgraded carpeting, flooring, counter re-surfacing, upgraded fixtures, and new paint when units turn....