Healthpeak Properties and Janus Living Announce Launch of Janus Living Initial Public Offering
Healthpeak Properties, Inc. (NYSE:DOC) ("Healthpeak") and Janus Living, Inc. ("Janus Living"), announced today that Janus Living has launched its initial public offering of 37,000,000 shares of its Class A-1 common stock pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission (the "SEC"). The initial public offering price is expected to be between $18.00 and $20.00 per share. Janus Living expects to grant the underwriters a 30-day option to purchase up to an additional 5,550,000 shares of its Class A-1 common stock to cover overallotments, if any. Janus Living expects that its Class A-1 common stock will be approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol "JAN."
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260315727110/en/
Janus Living expects to use the net proceeds received from the proposed offering to pursue acquisition and investment opportunities that meet its investment criteria and for general corporate purposes.
After completion of the initial public offering, Healthpeak will own a combined total of approximately 214,734,000 shares of Janus Living Class A-1 common stock and common units, representing an approximately 85.3% economic interest in Janus Living (83.4% if the underwriters' option is exercised in full).
BofA Securities and J.P. Morgan are acting as lead book-running managers for the offering. Wells Fargo Securities, Barclays, Goldman Sachs & Co. LLC, RBC Capital Markets, and Morgan Stanley are acting as bookrunners for the offering. BNP PARIBAS, Credit Agricole CIB, KeyBanc Capital Markets, PNC Capital Markets LLC, Scotiabank, TD Securities, and Truist Securities are acting as senior co-managers for the offering. BTIG, Capital One Securities, Huntington Capital Markets, M&T Securities, Raymond James, Regions Securities LLC, Santander, and SMBC Nikko are acting as co-managers for the offering.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering, when available, may be obtained from: BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email to [email protected]; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] and [email protected].
A registration statement on Form S-11 relating to these securities has been filed with the SEC but has not yet been declared effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement is declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT HEALTHPEAK PROPERTIES
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates and develops high-quality real estate focused on healthcare discovery and delivery.
ABOUT JANUS LIVING
Janus Living, Inc. is a pure-play senior housing real estate investment trust (REIT) that owns high-quality communities across the United States that support residents with thoughtfully designed, highly amenitized environments.
FORWARD-LOOKING STATEMENTS
Statements contained in this release that are not historical facts are "forward-looking statements." Forward-looking statements include, among other things, statements regarding Janus Living's intent, belief or expectation as identified by the use of words such as "may," "will," "project," "expect," "believe," "intend," "anticipate," "seek," "target," "forecast," "plan," "potential," "estimate," "could," "would," "should" and other comparable and derivative terms or the negatives thereof. Examples of forward-looking statements include, among other things, Janus Living's expectations regarding the completion, timing and size of its proposed initial public offering and listing. Forward-looking statements reflect Janus Living's current expectations and views about future events and are subject to risks and uncertainties. While forward-looking statements reflect Janus Living's good faith belief and assumptions Janus Living believes to be reasonable based upon current information, Janus Living can give no assurance that its expectations or forecasts will be attained. Further, Janus Living cannot guarantee the accuracy of any such forward-looking statement contained in this release, and such forward-looking statements are subject to known and unknown risks and uncertainties that are difficult to predict. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements, even if they are subsequently made available by Janus Living on its website or otherwise. Janus Living does not undertake any obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260315727110/en/
Andrew Johns, CFA
Senior Vice President – Finance and Investor Relations
720-428-5400
Jonathan Hughes, CFA
Senior Vice President – Finance and Investor Relations
720-428-5050