Clarion Partners, LLC, a prominent real estate investment manager, has entered into a partnership with Wentworth Property Company to develop Highmark, a new 162-unit townhome and apartment community in Bozeman, Montana. This development marks Clarion Partners' first investment in the Bozeman market, located within a Qualified Opportunity Zone (QOZ) on over 8 acres in the South University District. Highmark is designed to offer a variety of housing options, from single-bedroom apartments to three-story townhomes, catering to both families and students near Montana State University and Downtown Bozeman.
The project, which began leasing in April 2025 and is set for completion by late 2025, addresses the critical need for affordable housing in one of the U.S.'s fastest-growing micropolitan areas. Jason Glasser, Managing Director at Clarion Partners, highlighted Bozeman's unique combination of outdoor lifestyle and burgeoning education and technology sectors as key factors driving the investment. Highmark's units are equipped with modern amenities, including quartz countertops, stainless steel appliances, and community features like a fitness center and dog park, aiming to enhance the living experience for residents.
Clarion Partners' investment in Highmark reflects its broader strategy of focusing on QOZs and adjacent markets, with 170 properties in QOZs and an additional 734 in neighboring submarkets. This move not only underscores the firm's commitment to addressing housing affordability but also its confidence in Bozeman's economic and demographic growth potential. For more information on Clarion Partners and its investments, visit https://www.clarionpartners.com.
