FAQ: Clarion Partners' Investment in Bozeman, Montana's Highmark Development
Summary
Clarion Partners, LLC, in partnership with Wentworth Property Company, is developing Highmark, a 162-unit townhome and apartment community in Bozeman, MT, to address the growing demand for high-quality rental housing in a rapidly expanding micropolitan area.
What is Highmark?
Highmark is a new 162-unit townhome and apartment community being developed by Clarion Partners, LLC and Wentworth Property Company in Bozeman, MT, offering a variety of living accommodations near Montana State University and Downtown Bozeman.
Why is Highmark significant?
Highmark addresses the need for high-quality rental housing in Bozeman, a rapidly growing micropolitan area, by providing diverse housing options in a location where home prices have become increasingly unaffordable.
Where is Highmark located?
Highmark is located in a Qualified Opportunity Zone on 8+ acres in the broader South University District master-planned neighborhood, less than a half mile from Montana State University and less than two miles from Downtown Bozeman.
When will Highmark be completed and available for leasing?
Leasing for Highmark began in April 2025, with the project scheduled for completion in late 2025.
What types of units and amenities does Highmark offer?
Highmark offers a range of unit styles from single bedroom apartments to 3-story townhomes, featuring modern amenities like quartz countertops, stainless steel appliances, and community features such as a fitness center, dog park, and over 300 parking spaces.
Who is developing Highmark?
Highmark is being developed by Clarion Partners, LLC, a leading real estate investment manager, in partnership with Wentworth Property Company.
What is a Qualified Opportunity Zone (QOZ)?
A Qualified Opportunity Zone (QOZ) is a designated area in the U.S. that offers tax incentives for private investment in economically distressed communities, aimed at spurring economic growth and job creation.
How does Clarion Partners’ investment in Highmark reflect its broader strategy?
Clarion Partners’ investment in Highmark aligns with its strategy of investing in QOZs and neighboring submarkets, with the firm currently invested in 170 properties in QOZs and owning an additional 734 properties in adjacent areas.
Who can I contact for more information about Highmark or Clarion Partners?
For more information, contact Chris Sullivan at +1 917-902-0617 or [email protected], or visit Clarion Partners’ website at www.clarionpartners.com.
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