Clarion Partners Invests in Bozeman, Montana with Highmark Development

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 on over 8 acres within the South University District. Highmark, which began leasing in April 2025 and is set for completion by late 2025, aims to provide high-quality rental housing in one of the U.S.’s fastest-growing micropolitan areas.

The development offers a diverse range of housing options, from single-bedroom apartments to three-story townhomes, catering to both families and students. Its strategic location less than half a mile from Montana State University and under two miles from Downtown Bozeman enhances its appeal. Jason Glasser, Managing Director at Clarion Partners, highlighted Bozeman’s unique combination of outdoor lifestyle and growing education and technology sectors as key factors in the investment decision.

Highmark’s units are designed with modern amenities, including 10-ft ceilings, quartz countertops, stainless steel appliances, and private outdoor spaces for townhomes. The community also features a clubroom, fitness center, and over 300 parking spaces, among other amenities. This project represents Clarion Partners’ commitment to investing in areas with high growth potential and addressing the critical need for affordable housing.

Clarion Partners’ portfolio includes significant investments in Qualified Opportunity Zones and neighboring submarkets, underscoring its strategy to leverage tax incentives for community development. With over $73 billion in assets under management, the firm continues to expand its footprint in promising real estate markets across the U.S. and Europe.

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