Healthpeak Properties Submits Confidential Draft For Janus Living REIT IPO

Healthpeak Properties, Inc. (NYSE:DOC) ("Healthpeak") today announced that it has confidentially submitted a draft registration statement on Form S-11 to the United States Securities and Exchange Commission ("SEC") relating to the proposed initial public offering ("IPO") of shares of common stock of a newly formed company, Janus Living, Inc. ("Janus Living"), that intends to elect and qualify to be taxed as a real estate investment trust.

Janus Living will own, acquire, and develop senior housing properties under a RIDEA structure, with an IPO comprised of Healthpeak's 34 senior housing assets. Healthpeak expects to use net proceeds from the IPO for pending acquisitions, to repay debt, and for general corporate purposes.

The number of shares of common stock of Janus Living to be sold and the price range for the proposed offering have not yet been determined, although Healthpeak intends to maintain control of Janus Living post offering. Healthpeak expects to complete the IPO in the first half of 2026, subject to market conditions, receipt of regulatory approvals, completion of related financings, completion of the SEC's review, and other customary conditions.