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Multifamily
The Village at Ten Trails
Black Diamond, WA
176 Units
Built in 2021
Suburban Core
Investment Highlights
- Rare Institutional-Quality Garden Asset: Built in 2021, The Village at Ten Trails presents a rare opportunity to acquire a luxury garden-style asset in a rapidly growing suburban location.
- Resort-Style Amenities and Views: Residents enjoy a resort-style amenity package including an outdoor pool and cabana, fire pit lounge with al fresco dining, resident clubhouse, and more.
- Premier Master-Planned Community: The Village at Ten Trails sits within the 2,200-acre Ten Trails master-planned community featuring parks, sports fields, trails, playgrounds, and community gardens.
- Strong Demographics / Fastest-Growing City: Located in Black Diamond, one of Washington's fastest-growing cities, the property benefits from strong household incomes exceeding $120,000 at the property level and $167,000 within a one-mile radius. The surrounding population is projected to grow an additional 14% by 2030, making it the second-fastest growing city in Washington State.
- High Barrier-to-Entry & Limited Supply Pipeline: No new apartment communities have delivered in Black Diamond or neighboring Maple Valley since 2021 due to restrictive zoning and limited multifamily land availability. There are currently no multifamily projects in the Black Diamond permit pipeline, positioning the property to benefit from continued population growth and limited future supply.
- Access to Major Employment & Outdoor Recreation: Residents enjoy convenient access to major employment centers in Seattle, Bellevue, Renton, and Kent while maintaining a Pacific Northwest lifestyle. The area offers proximity to over 65 miles of mountain biking trails, Lake Sawyer Regional Park, and the Green River Gorge, as well as regional destinations including Mt. Rainier National Park and Crystal Mountain Resort.
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