Solace at Rainier Ridge

Berkadia Seattle is pleased to announce it has been retained as the exclusive listing broker for Solace at Rainier Ridge, a 315-home (260 apartment homes and 55 cottages)  garden-style community in the Rainier Ridge master-planned neighborhood on South Hill in Puyallup, Washington.

The property offers a highly desirable mix of one-, two-, and three-bedroom homes that align with demand for larger floorplans. This is particularly useful as households have been seeking a high-quality lifestyle at a more affordable rate than core Seattle. This pocket continues to capture this demand, helping drive population growth of 11% in South Hill and 14% in neighboring Frederickson since 2020. Combined with a strong rent-versus-own dynamic, the property is well positioned to capture sustained demand from renters seeking space, value, and lifestyle.

Solace sits at the convergence of three of the region’s most resilient demand drivers. Joint Base Lewis-McChord supports more than 57,000 full-time equivalent jobs. Boeing operates in the region supported by a deep aerospace and defense supply chain throughout the area and the Kent Valley. MultiCare Good Samaritan Hospital is expanding through a $403 million patient care tower that will bring total licensed capacity to 535 beds, with leadership projecting the need for 140 additional acute care beds by 2028. The property is also less than 10 minutes from Frederickson and its industrial employment base.

Positioned along the SR 167 / SR 512 / I-5 corridor, Solace provides direct access to Tacoma, JBLM, and the broader South Sound employment base. That connectivity, combined with renters seeking more space and relative affordability, supports long-term occupancy stability and rent growth.