Healthpeak Forms Janus Living, Plans IPO Of 10,422-Unit Senior Housing Portfolio

Structured to Unlock the Full Potential of Healthpeak's Senior Housing Portfolio and Enhance Long-Term Healthpeak Shareholder Value

Healthpeak Properties, Inc. (NYSE:DOC) ("Healthpeak"), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced the formation and planned initial public offering ("IPO") of Janus Living, Inc. (collectively with its subsidiaries, "Janus Living"), a real estate investment trust ("REIT") dedicated to senior housing. Healthpeak will contribute its 34-community, 10,422-unit senior housing portfolio to Janus Living and will serve as its external manager. Immediately following the IPO, Healthpeak intends to retain a substantial majority interest in Janus Living, with new public shareholders owning the remainder.