Clarion Partners, LLC, a leading real estate investment manager, has made its inaugural investment in Bozeman, Montana, with the development of Highmark, a 162-unit townhome and apartment community. This project, developed alongside Wentworth Property Company, is strategically located within a Qualified Opportunity Zone in the South University District, a master-planned neighborhood. Highmark is poised to offer a variety of housing options, from single-bedroom apartments to three-story townhomes, designed to serve both families and students in close proximity to Montana State University and Downtown Bozeman.
Jason Glasser, Managing Director at Clarion Partners, emphasized Bozeman's appeal, citing its unique blend of outdoor lifestyle and burgeoning education and technology sectors as pivotal to the investment decision. The development is a direct response to the pressing need for affordable housing in a region experiencing significant home price increases. Highmark's residences will feature contemporary amenities such as quartz countertops and stainless steel appliances, alongside community facilities including a fitness center and dog park, all aimed at improving the quality of life for its residents.
This investment by Clarion Partners underscores its strategic focus on Qualified Opportunity Zones and adjacent submarkets, with a substantial portfolio spread across the United States. The Highmark project not only promises to bolster the local economy but also to introduce essential housing solutions to Bozeman's tight market, marking a significant step towards alleviating the area's housing challenges.
