Penn Station is a 40-unit, two-bedroom garden-style community in Meridian, Idaho, one of the fastest-growing cities in the Boise metro’s Treasure Valley. Stonehill Communities acquired the property in 2022, adding a well-located multifamily asset in a supply-constrained, high-demand submarket to its portfolio.

Originally built in 2001, Penn Station reflects Stonehill’s acquisitions strategy: identifying quality communities in growing markets and creating lasting value through hands-on management and targeted improvements. Residents enjoy spacious two-bedroom homes averaging roughly 900 square feet, covered parking, and open green space, with direct Interstate 84 access placing Downtown Boise, Boise Airport, and the shops and restaurants of The Village at Meridian within about fifteen minutes.