Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the Exclusive Listing Broker for the sale of The Village at Ten Trails, a 176-unit multifamily community built in 2021 and located in Black Diamond, Washington. The property sits at the center of the rapidly growing 2,200+ acre Ten Trails master planned community and offers convenient access to major employment centers, regional shopping destinations, and an abundance of outdoor recreation including hiking, mountain biking, and skiing.

Strategically positioned within Ten Trails, The Village at Ten Trails is a premier garden-style apartment community offering luxury apartment home living with resort-caliber amenities and convenient access to some of the most popular outdoor recreation destinations in the Seattle MSA. Community amenities include a resident clubhouse with business center, lounge, game room, kitchen, and modern leasing center, along with an outdoor pool and cabana area, grilling and fire pit lounge, playground, and fenced dog park.

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 within the Seattle MSA. The community features a mix of one-, two-, and three-bedroom homes averaging ±926 square feet with quartz countertops, stainless steel appliances, plank-style flooring, private patios or balconies, and nine-foot ceilings with vaulted ceilings on top floors.

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 with business center and full kitchen, and a 24-hour fitness center. Additional amenities include a playground, dog park, and reserved parking options such as carports, garages, and EV charging stations, along with views of the Cascade foothills and Mt. Rainier.

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. Upon completion, the community will include over 6,000 homes and a planned 190,000 square foot retail village, with homes built by national builders including Lennar, Toll Brothers, and MainVue.

Strong Demographics & Projected Growth

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.

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 ‍

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.