Janus Living IPO Said to Hit $840 Million, Price at Top of Range

Janus Living Inc., a seniors-focused real estate investment trust, is expected to increase the size of its initial public offering to $840 million and price it at the top of the marketed range, according to people familiar with the matter.

The Denver-based REIT told investors it plans to lift the base size of its IPO by $100 million from an original target of $740 million while the price will be set at $20 per share, said the people, who asked to not be identified because the information is private. Shares in the carveout from Healthpeak Properties Inc. were initially offered at $18 to $20 each.