
Janus Living, Inc. (NYSE:JAN) (&#34;Janus Living&#34;), a pure-play senior housing real estate investment trust (REIT), announced today the pricing of its public offering of 16,000,000 shares of its Class A-1 common

<p xmlns="http://www.w3.org/1999/xhtml">
Janus Living, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/JAN">JAN</a>) ("Janus Living"), a pure-play senior housing real estate investment trust (REIT), announced today the pricing of its public offering of 16,000,000 shares of its Class A-1 common stock at a price to the public of $29.00 per share. In addition, Janus Living has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of its Class A-1 common stock at the public offering price, less the underwriting discount. The offering is expected to close on August 12, 2026, subject to customary closing conditions.

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

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BofA Securities, J.P. Morgan, and Wells Fargo Securities are acting as lead book-running managers for the offering. BNP Paribas, Credit Agricole CIB, Mizuho, Morgan Stanley, RBC Capital Markets, Scotiabank, and Truist Securities are acting as bookrunners for the offering. BTIG, Citizens Capital Markets, Huntington Capital Markets, M&amp;T Securities, Ramirez &amp; Co., Inc., Raymond James, Roberts &amp; Ryan, and SMBC Nikko are acting as co-managers for the offering.

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The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from: BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:dg.prospectus_requests@bofa.com" shape="rect">dg.prospectus_requests@bofa.com</a>; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com" shape="rect">prospectus-eq_fi@jpmchase.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com" shape="rect">postsalemanualrequests@broadridge.com</a>; and Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:WFScustomerservice@wellsfargo.com" shape="rect">WFScustomerservice@wellsfargo.com</a>.

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A registration statement on Form S-11, including a prospectus, relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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<b xmlns="http://www.w3.org/1999/xhtml">ABOUT JANUS LIVING</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Janus Living, Inc. is a pure-play senior housing real estate investment trust (REIT) that owns high-quality communities across the United States that support residents with thoughtfully designed, highly amenitized environments.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">FORWARD-LOOKING STATEMENTS</b>

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Statements contained in this release that are not historical facts are "forward-looking statements." Forward-looking statements include, among other things, statements regarding Janus Living’s intent, belief or expectation as identified by the use of words such as "may," "will," "project," "expect," "believe," "intend," "anticipate," "seek," "target," "forecast," "plan," "potential," "estimate," "could," "would," "should" and other comparable and derivative terms or the negatives thereof. Examples of forward-looking statements include, among other things, Janus Living’s expectations regarding the completion, timing of, and its use of proceeds from, its offering. Forward-looking statements reflect Janus Living’s current expectations and views about future events and are subject to risks and uncertainties. While forward-looking statements reflect Janus Living’s good faith belief and assumptions Janus Living believes to be reasonable based upon current information, Janus Living can give no assurance that its expectations or forecasts will be attained. Further, Janus Living cannot guarantee the accuracy of any such forward-looking statement contained in this release, and such forward-looking statements are subject to known and unknown risks and uncertainties that are difficult to predict. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements, even if they are subsequently made available by Janus Living on its website or otherwise. Janus Living does not undertake any obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260810892600r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260810892600/en/" rel="nofollow">https://www.businesswire.com/news/home/20260810892600/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Jonathan Hughes, CFA
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President – Finance and Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>720-428-5050

</p>

Janus Living Announces Pricing of Public Offering of Class A-1 Common Stock

Janus Living raises equity to fund acquisitions; near-term dilution risk

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Janus Living, Inc. (NYSE:JAN) (&amp;#34;Janus Living&amp;#34;), a pure-play senior housing real estate investment trust (REIT), announced today the pricing of its public offering of 16,000,000 shares of its Class A-1 common</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Janus Living, Inc. announced a public offering of 16 million Class A-1 shares at $29, with a 30‑day option for 2.4 million additional shares. Proceeds are earmarked for acquisitions and general corporate purposes, signaling growth funding despite potential near-term dilution to existing holders. The deal targets a mid-August closing (Aug. 12, 2026) with a broad syndicate of underwriters and a Form S-11 filing in place.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Janus Living prices 16M Class A-1 shares at $29. Underwriters may add 2.4M more.</li><li>Net proceeds to fund acquisitions and general corporate purposes.</li><li>Closing expected August 12, 2026, subject to conditions.</li><li>Lead book-running managers: BofA Securities, J.P. Morgan, Wells Fargo.</li><li>Registration on Form S-11; offering disclosed via prospectus.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Janus Living, Inc. (JAN)</strong>: Issuer; intends to use proceeds for acquisitions; dilution risk to shareholders.</li><li><strong>Bank of America (BAC)</strong>: Lead book-running manager; adds credibility to the offering.</li><li><strong>JPMorgan Chase &amp; Co. (JPM)</strong>: Lead book-running manager; support for the financing process.</li><li><strong>Wells Fargo &amp; Company (WFC)</strong>: Lead book-running manager; enhances deal execution visibility.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The press release centers on a significant equity offering and capital-structure change, with implications for dilution, funding strategy, and future growth potential.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>dilution risk from up to 18.4M new shares could pressure JAN&#039;s stock short-term.</li><li>Proceeds aim to finance acquisitions; execution risk affects long-term upside.</li><li>Closing timeline of Aug 12, 2026 creates a defined dilution window.</li><li>Credibility from established underwriters (BAC, JPM, WFC) may support longer-term sentiment.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering size: 16,000,000 shares at $29 per share.</li><li>Additional option: up to 2,400,000 shares.</li><li>Expected close date: August 12, 2026.</li><li>Use of proceeds: acquisitions and general corporate purposes.</li><li>Registration: Form S-11; prospectus to be provided.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure from the equity offering may weigh on JAN until deployment of proceeds proves accretive.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Janus Living, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/JAN">JAN</a>) ("Janus Living"), a pure-play senior housing real estate investment trust (REIT), announced today the pricing of its public offering of 16,000,000 shares of its Class A-1 common stock at a price to the public of $29.00 per share. In addition, Janus Living has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of its Class A-1 common stock at the public offering price, less the underwriting discount. The offering is expected to close on August 12, 2026, subject to customary closing conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Janus Living expects to use the net proceeds received from the offering to pursue acquisition and investment opportunities that meet its investment criteria and for general corporate purposes.

</p><p xmlns="http://www.w3.org/1999/xhtml">
BofA Securities, J.P. Morgan, and Wells Fargo Securities are acting as lead book-running managers for the offering. BNP Paribas, Credit Agricole CIB, Mizuho, Morgan Stanley, RBC Capital Markets, Scotiabank, and Truist Securities are acting as bookrunners for the offering. BTIG, Citizens Capital Markets, Huntington Capital Markets, M&amp;T Securities, Ramirez &amp; Co., Inc., Raymond James, Roberts &amp; Ryan, and SMBC Nikko are acting as co-managers for the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from: BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:dg.prospectus_requests@bofa.com" shape="rect">dg.prospectus_requests@bofa.com</a>; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com" shape="rect">prospectus-eq_fi@jpmchase.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com" shape="rect">postsalemanualrequests@broadridge.com</a>; and Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:WFScustomerservice@wellsfargo.com" shape="rect">WFScustomerservice@wellsfargo.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-11, including a prospectus, relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">ABOUT JANUS LIVING</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Janus Living, Inc. is a pure-play senior housing real estate investment trust (REIT) that owns high-quality communities across the United States that support residents with thoughtfully designed, highly amenitized environments.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">FORWARD-LOOKING STATEMENTS</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Statements contained in this release that are not historical facts are "forward-looking statements." Forward-looking statements include, among other things, statements regarding Janus Living’s intent, belief or expectation as identified by the use of words such as "may," "will," "project," "expect," "believe," "intend," "anticipate," "seek," "target," "forecast," "plan," "potential," "estimate," "could," "would," "should" and other comparable and derivative terms or the negatives thereof. Examples of forward-looking statements include, among other things, Janus Living’s expectations regarding the completion, timing of, and its use of proceeds from, its offering. Forward-looking statements reflect Janus Living’s current expectations and views about future events and are subject to risks and uncertainties. While forward-looking statements reflect Janus Living’s good faith belief and assumptions Janus Living believes to be reasonable based upon current information, Janus Living can give no assurance that its expectations or forecasts will be attained. Further, Janus Living cannot guarantee the accuracy of any such forward-looking statement contained in this release, and such forward-looking statements are subject to known and unknown risks and uncertainties that are difficult to predict. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements, even if they are subsequently made available by Janus Living on its website or otherwise. Janus Living does not undertake any obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260810892600r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260810892600/en/" rel="nofollow">https://www.businesswire.com/news/home/20260810892600/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Jonathan Hughes, CFA
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President – Finance and Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>720-428-5050

</p>

Janus Living, Inc. announced a public offering of 16 million Class A-1 shares at $29, with a 30‑day option for 2.4 million additional shares. Proceeds are earmarked for acquisitions and general corporate purposes, signaling growth funding despite potential near-term dilution to existing holders. The deal targets a mid-August closing (Aug. 12, 2026) with a broad syndicate of underwriters and a Form S-11 filing in place.

News insight

Janus Living Announces Pricing of Public Offering of Class A-1 Common Stock

AI summary

Sentiment rationale

Key facts

Corporate Developments