Janus Living (JAN Proposed), a real estate investment trust (REIT) whose portfolio consists of 34 senior housing communities, launched its $703 million IPO early today – Monday, March 16, 2026 – in an S-11/A filing. The company is offering 37 million shares at a price range of $18.00 to $20.00 to raise $703 million, if priced at the $19.00 mid-point of its range. At pricing, Janus Living would have a market cap of about $4.8 billion.
Bankers expect to price Janus Living’s IPO on Thursday night, March 19, 2026, to trade Friday, March 20, on the New York Stock Exchange.
BofA Securities and J.P. Morgan are the joint lead book-runners.
Wells Fargo Securities, Barclays, Goldman Sachs, RBC Capital Markets and Morgan Stanley are also joint book-runners on Janus Living’s REIT IPO.
Janus Living (JAN Proposed) – upon completion of the IPO – will be the only U.S. publicly traded REIT focused exclusively on the senior housing sector and the only U.S. publicly traded REIT whose entire portfolio is owned and operated under RIDEA structures, the prospectus said. Under RIDEA structures, services provided by its senior housing communities are primarily paid for directly by the residents, rather than governmental reimbursement programs, the prospectus said.
The company is profitable. Janus Living reported net income of $6.3 million on revenue of $603.99 million for the year that ended Dec. 31, 2025, according to financial statements in the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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