Healthpeak Properties and Janus Living Announce Launch of Janus Living Initial Public Offering

Core Viewpoint - Janus Living, Inc. has launched its initial public offering (IPO) of 37 million shares of Class A-1 common stock, with an expected price range of $18.00 to $20.00 per share, aiming to raise capital for acquisitions and general corporate purposes [1][12]. Group 1: IPO Details - The IPO will consist of 37,000,000 shares of Class A-1 common stock, with an expected price range of $18.00 to $20.00 per share [1]. - Janus Living plans to grant underwriters a 30-day option to purchase an additional 5,550,000 shares to cover overallotments [1]. - The shares are expected to be listed on the New York Stock Exchange under the symbol "JAN" [1]. Group 2: Ownership Structure - After the IPO, Healthpeak Properties will own approximately 214,734,000 shares of Janus Living Class A-1 common stock and common units, representing an 85.3% economic interest in Janus Living, which will decrease to 83.4% if the underwriters' option is fully exercised [2]. Group 3: Underwriters - BofA Securities and J.P. Morgan are the lead book-running managers for the offering, with several other financial institutions acting as bookrunners and co-managers [3].