Nate Beck
March 4, 2026
Latham, Sidley Advise Healthpeak Senior Housing Spinoff IPO

1 min
AI-made summary
- • Janus Living, a senior housing-focused REIT, filed for an initial public offering after being carved out by Healthpeak Properties
- • Janus Living owns 34 senior housing communities with over 10,000 units, with nearly 70% of assets in Florida and Texas
- • The IPO filing with the SEC lists a generic $100 million target, with Janus to be listed on the NYSE under the symbol JAN
- • Latham & Watkins advises Janus, Sidley Austin advises the underwriters, and Ballard Spahr advises on Maryland legal matters
- • Upon closing, Janus would be the only publicly traded U.S
- REIT focused exclusively on the senior housing industry.
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.
Article Author
Nate Beck
The Sponsor
