JLL has successfully closed a $975M Fannie Mae credit facility for the largest owner and operator of senior living communities in the country.

The financing deal on behalf of Brookdale Senior Living was brokered by JLL Managing Directors Jessica Wolters and Allison Holland, who are in Dallas and Minneapolis. The transaction will include Brookdale properties across 16 states and is the largest loan closed by Brookdale to date.

According to JLL, both Wolters and Holland have extensive experience managing debt transactions in senior housing and healthcare. Wolters joined JLL in 2015 and has spent more than 15 years focusing on the origination and underwriting of multifamily and senior housing assets, while Holland joined JLL in 2016 following a previous position as senior vice president in the multifamily finance division of Capital One. Each woman has overseen more than $2B in debt transactions.

"This is a diverse portfolio with properties from coast to coast and various care levels, including a small amount of skilled nursing," Holland said in a release. "Our deep-rooted knowledge in seniors housing lending and standing as one of the nation's largest agency lenders enabled us to quickly put together an ideal agreement for the financing."

Senior housing demand remains strong with investors increasingly looking to the assets as a safe bet to diversify their portfolios. According to Pew Research, an estimated 10,000 baby boomers turn 65 every day, and this trend is likely to continue for more than a decade.