Janus Living Inc. (NYSE: JAN) announced the launch of a public offering of 25 million shares of Class A-1 common stock. The senior housing real estate investment trust filed a registration statement on Form S-11 with the Securities and Exchange Commission for the offering.

The company expects to grant underwriters a 30-day option to purchase up to an additional 3.75 million shares. Janus Living plans to use net proceeds from the offering to pursue acquisition and investment opportunities that meet its investment criteria and for general corporate purposes.

BofA Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are serving as lead book-running managers for the offering.

The registration statement has been filed with the SEC but has not yet been declared effective. The securities cannot be sold until the registration statement becomes effective.

Janus Living operates as a senior housing REIT that owns communities across the United States designed to support residents with amenitized environments.