The Mullins Companies announces purchase of 3 apartment complexes in distressed areas

The Mullins Companies recently announced purchases of three apartment complexes in distressed areas with plans to restore the units and improve the quality and value of life in those areas.

The complexes are located in south Augusta, downtown Augusta and in north Augusta, South Carolina.

Joe Mullins, founder and CEO of The Mullins Companies, said the names of the complexes will change once the projects are completed.

"I believe in south Augusta and I feel like that community has a niche and can be restored using some of the benefits of what’s coming into our area," Mullins said, noting the addition of cyber, students and medical facilities. "Regardless of what happens at the old Regency Mall, I believe enough attention has been brought to the area to know something needs to happen. My hope is that something will come in to bring lots of jobs to restore that area."

Mullins said all three complexes are distressed, and The Mullins Companies plans to renovate and restore them, including the addition a fiber entertainment package.

The package includes fiber internet, cable, telephone and a fitness membership all included in rent.

"I believe in these areas, and with all this coming to the Augusta community, I believe that if areas like these are restored and marketed properly, we can revitalize them," Mullins said.

Read more about this in the Augusta Chronicle.