Clarion Partners, Vermilion Development Open 309-Unit Opportunity Zone Project in Madison
Event summary
- Clarion Partners, Vermilion Development, and Quartz Lake Capital opened The Duncan, a 309-unit multifamily community in Madison, Wisconsin's Opportunity Zone.
- The project is located at 1625 Lock Lane, overlooking Lake Mendota and near Tenney Park, with proximity to downtown Madison.
- The Duncan features a mix of studio, one-, two-, and three-bedroom residences, including townhome options, with modern amenities.
- Clarion Partners manages over $72 billion in total real estate and debt assets as of 2026, with significant investments in Opportunity Zones.
The big picture
The opening of The Duncan underscores Clarion Partners' focus on high-quality housing in dynamic markets with strong fundamentals. With over $72 billion in AUM and significant investments in Opportunity Zones, the firm is positioning itself to capitalize on the growing demand for well-located multifamily properties. This project also highlights the strategic collaboration between Clarion Partners, Vermilion Development, and Quartz Lake Capital in creating value-add real estate in high-demand urban areas.
What we're watching
- Opportunity Zone Strategy
- How Clarion Partners will leverage its extensive Opportunity Zone portfolio to drive future developments.
- Market Demand
- Whether Madison's strong housing demand will sustain high occupancy and rental growth at The Duncan.
- Execution Risk
- The pace at which similar high-quality multifamily projects will be delivered in other Opportunity Zones.