Janus Living raises 840 million dollars in upsized IPO

The senior housing real estate investment trust Janus Living has raised $840 million in its upsized initial public offering in the United States. The company priced its shares at $20 each, reaching the upper end of its marketed range of $18 to $20. Due to strong investor interest, the offering was expanded to 42 million shares from the 37 million shares originally planned.

Headquartered in Denver, Colorado, Janus Living was established as a spin-off from the healthcare REIT Healthpeak Properties. The firm currently operates 34 senior living communities across 10 states, with a heavy concentration in Florida and Texas. These two states combined represent approximately 69% of the company's total portfolio. The growth prospects for the company are supported by shifting demographics in the United States, where an aging population is increasingly planning for long-term care needs.