Healthpeak Properties, Inc. (NYSE:DOC) ("Healthpeak") and Janus Living, Inc. ("Janus Living"), announced today that Janus Living has launched its initial public offering of 37,000,000 shares of its Class A-1 common stock pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission (the "SEC"). The initial public offering price is expected to be between $18.00 and $20.00 per share. Janus Living expects to grant the underwriters a 30-day option to purchase up to an additional 5,550,000 shares of its Class A-1 common stock to cover overallotments, if any. Janus Living expects that its Class A-1 common stock will be approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol "JAN."

Janus Living expects to use the net proceeds received from the proposed offering to pursue acquisition and investment opportunities that meet its investment criteria and for general corporate purposes.

After completion of the initial public offering, Healthpeak will own a combined total of approximately 214,734,000 shares of Janus Living Class A-1 common stock and common units, representing an approximately 85.3% economic interest in Janus Living (83.4% if the underwriters' option is exercised in full).