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Financial Highlights (Tables)
3 Months Ended
Mar. 31, 2017
Condensed Financial Information Disclosure [Abstract]  
Schedule Of Condensed Financial Information For An Accumulation Unit of The Account
Selected condensed financial information for an Accumulation Unit of the Account is presented below. Per Accumulation Unit data is calculated on average units outstanding.
 
For the Three Months Ended March 31, 2017
 
Years Ended December 31,
2016
 
2015
 
2014
 
(Unaudited)
 
 
 
 
 
 
Per Accumulation Unit Data:
 
 
 
 
 
 
 
Rental income
$
4.134

 
$
16.433

 
$
15.538

 
$
15.862

Real estate property level expenses and taxes
1.925

 
7.534

 
7.319

 
7.788

Real estate income, net
2.209

 
8.899

 
8.219

 
8.074

Other income
0.878

 
3.594

 
3.342

 
3.459

Total income
3.087

 
12.493

 
11.561

 
11.533

Expense charges(1)
0.861

 
3.290

 
3.092

 
2.880

Investment income, net
2.226

 
9.203

 
8.469

 
8.653

Net realized and unrealized gain on investments and mortgage loans payable
2.078

 
9.660

 
18.911

 
27.868

Net increase in Accumulation Unit Value
4.304

 
18.863

 
27.380

 
36.521

Accumulation Unit Value:
 
 
 
 
 
 
 
Beginning of period
381.636

 
362.773

 
335.393

 
298.872

End of period
$
385.940

 
$
381.636

 
$
362.773

 
$
335.393

Total return(3)
1.13
%
 
5.20
%
 
8.16
%
 
12.22
%
Ratios to Average net assets(2):
 
 
 
 
 
 
 
Expenses(1)
0.88
%
 
0.86
%
 
0.86
%
 
0.89
%
Investment income, net
2.29
%
 
2.41
%
 
2.37
%
 
2.68
%
Portfolio turnover rate(3):
 
 
 
 
 
 
 
Real estate properties(4)
0.6
%
 
1.3
%
 
5.7
%
 
6.5
%
Marketable securities(5)
1.6
%
 
3.5
%
 
10.0
%
 
15.9
%
Accumulation Units outstanding at end of period (in millions)
62.6

 
62.4

 
60.4

 
57.9

Net assets end of period (in millions)
$
24,647.7

 
$
24,304.7

 
$
22,360.0

 
$
19,829.0

(1) 
Expense charges per Accumulation Unit and the Ratio of Expenses to average net assets reflect the year to date Account level expenses and exclude real estate property level expenses which are included in real estate income, net.
(2) 
Percentages for the three months ended March 31, 2017 are annualized.
(3) 
Percentages for the three months ended March 31, 2017 are not annualized.
(4) 
Real estate investment portfolio turnover rate is calculated by dividing the lesser of purchases or sales of real estate property investments (including contributions to, or return of capital distributions received from, existing joint venture and limited partnership investments) by the average value of the portfolio of real estate investments held during the period.
(5) 
Marketable securities portfolio turnover rate is calculated by dividing the lesser of purchases or sales of securities, excluding securities having maturity dates at acquisition of one year or less, by the average value of the portfolio securities held during the period.