Clarion Partners, LLC, a prominent real estate investment manager, has entered the Bozeman, Montana market through a partnership with Wentworth Property Company to develop Highmark. This new 162-unit townhome and apartment community is situated in a Qualified Opportunity Zone, offering a mix of housing options in one of the U.S.'s fastest-growing micropolitan areas. With leasing starting in April 2025 and completion expected by late 2025, Highmark aims to provide high-quality rental options near Montana State University and Downtown Bozeman.
The development features a range of unit styles, from single-bedroom apartments to three-story townhomes, catering to both students and families. Jason Glasser, Managing Director at Clarion Partners, highlighted Bozeman's appeal due to its outdoor lifestyle and growing education and technology sectors, noting the project's role in addressing the local housing affordability crisis.
Highmark's units boast modern amenities, including quartz countertops, stainless steel appliances, and private outdoor spaces, with community features like a fitness center, dog park, and over 300 parking spaces. Clarion Partners' investment in Highmark reflects its broader strategy, with significant holdings in Qualified Opportunity Zones and adjacent areas, underscoring the firm's commitment to fostering community development through real estate.
