Avante Apartments – A Well Located Asset

Avante Apartments are a modern complex located in Kent, Washington. The 382 units are owned by The Longwell Company, a private real estate investment and management first based in Bellevue.

The Longwell Company was founded in 1992 by Stanley Xu and Nanling Chen. Stanley Xu is currently serving as the company’s President and Chief Executive Officer. He is a graduate of Beijing University of Aeronautics and Astronautics, where he received a degree in engineering, and later attended Oklahoma State University as a graduate student and earned a Ph.D. Nanling Chen serves as the Longwell Company’s Vice President. She too attended Beijing University of Aeronautics and Astronautics and earned a degree in engineering.

The Longwell Company purchased Avante Apartments in 2008. 32.5 million dollars in financing came from GE Real Estate, which was attracted to the property due to its location and potential. “This is a well-occupied, well-located asset near major employers that include Boeing, Mikron Industries, Sysco foods, and other local retail services,” said an official with GE Real Estate. Stanley Xu said that GE Real Estate was providing his company with an opportunity to capitalize on an outstanding opportunity, with which it could expand its multifamily dwelling portfolio. “We look forward to growing this relationship,” he observed.

In addition to Avante Apartments, The Longwell Company has acquired, managed, and sold numerous multi-family dwellings since its founding in 1992. In the years since they have developed the reputation of specializing in owning, operating, and disposing of multi-family rental real estate assets, and for focusing on multifamily housing complexes located in working class neighborhoods.

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