Senior Housing REIT Janus Living Seeks $740 Million in IPO

Janus Living Inc., a seniors-focused real estate investment trust, is seeking to raise up to $740 million in an initial public offering.

The Denver-based REIT plans to market 37 million shares for $18 to $20 each, according to a filing with the US Securities and Exchange Commission on Monday. Janus Living would have a market value of $5 billion at the top of that range, based on the outstanding shares listed in its filing. The IPO is expected to price as soon as Thursday, according to people familiar with the matter.