Clarion Partners, LLC, a prominent real estate investment manager, has embarked on its inaugural project in Bozeman, Montana, through a partnership with Wentworth Property Company. The development, named Highmark, is a 162-unit townhome and apartment community situated within a Qualified Opportunity Zone (QOZ) on over 8 acres in the South University District. This project is poised to offer a mix of housing options, from single-bedroom apartments to three-story townhomes, catering to a diverse demographic including students and families. Leasing commenced in April 2025, with the project expected to reach completion by late 2025.
Highmark's strategic location, less than a half-mile from Montana State University and under two miles from Downtown Bozeman, positions it as a convenient living option for those seeking proximity to educational and employment hubs. Jason Glasser, Managing Director at Clarion Partners, highlighted Bozeman's appeal, citing its outdoor lifestyle and burgeoning education and technology sectors. The development aims to mitigate the challenge of escalating home prices in the area by introducing high-quality rental options.
The community is designed with modern living in mind, featuring units with 10-ft ceilings, contemporary kitchens equipped with quartz countertops and stainless steel appliances, wood-vinyl flooring, and additional amenities such as a clubroom, fitness center, and outdoor gathering spaces. These features underscore Clarion Partners' commitment to enhancing the living standards in Bozeman's competitive housing market.
Clarion Partners' investment in Highmark reflects its broader strategy of targeting QOZs and adjacent markets, with 170 properties in QOZs and an additional 734 in neighboring submarkets. This move not only signifies the firm's confidence in Bozeman's growth potential but also contributes to the local economy by providing much-needed housing solutions. For more information, visit https://www.clarionpartners.com.
