Following a carveout by parent Healthpeak Properties earlier this year, Janus Living, a senior housing-focused real estate investment trust, filed with regulators Friday for an initial public offering advised by Latham & Watkins LLP and Sidley Austin LLP.

Healthcare-focused REIT Healthpeak in January said it had formed Janus Living and expected to complete an IPO for the company in the first half of 2026. Janus Living owns 34 senior housing communities with more than 10,000 units across markets in 10 states, although assets in Florida and Texas make up nearly 70% of the portfolio.

Terms of the IPO were not disclosed in a Friday filing with the U.S. Securities and Exchange Commission, with the document listing a generic $100 million target. Janus would list on the New York Stock Exchange under the ticker symbol JAN.

The SEC filing lists Latham & Watkins as advising Janus, while Sidley Austin advises the underwriters. The document also lists Ballard Spahr LLP as advising on Maryland legal matters.

Upon closing, Janus said it would be the only publicly traded REIT in the U.S. focused exclusively on the senior housing industry.

JPMorgan, Wells Fargo, Barclays, Goldman Sachs, RBC Capital Markets, and Morgan Stanley are underwriters.

Janus is advised by Lewis W. Kneib, Charles K. Ruck, Julian T.H. Kleindorfer, and Devon L. MacLaughlin of Latham & Watkins LLP.

The underwriters are represented by Edward F. Petrosky, J. Gerard Cummins, and Adam M. Gross of Sidley Austin LLP.