Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Aggregate Minimum Annual Rental Payments, After Adopting 842

Aggregate minimum annual rentals for wholly-owned real estate investments owned by the Account through the non-cancelable lease term, excluding short-term residential leases, as of June 30, 2019 (unaudited) and December 31, 2018 are as follows (millions):

	Years Ended December 31,
	As of			As of
	June 30, 2019			December 31, 2018
2019	$	295.2	(1)	$	535.2
2020	568.3			497.7
2021	518.6			431.5
2022	448.7			366.9
2023	384.0			307.8
Thereafter	3,125.1			2,701.8
Total	$	5,339.9		$	4,840.9

⁽¹⁾ Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2019.

Schedule of Aggregate Minimum Annual Rental Payments, Before Adopting 842

Aggregate minimum annual rentals for wholly-owned real estate investments owned by the Account through the non-cancelable lease term, excluding short-term residential leases, as of June 30, 2019 (unaudited) and December 31, 2018 are as follows (millions):

	Years Ended December 31,
	As of			As of
	June 30, 2019			December 31, 2018
2019	$	295.2	(1)	$	535.2
2020	568.3			497.7
2021	518.6			431.5
2022	448.7			366.9
2023	384.0			307.8
Thereafter	3,125.1			2,701.8
Total	$	5,339.9		$	4,840.9

⁽¹⁾ Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2019.

Aggregate future minimum annual payments for ground leases held by the Account are as follows (millions, unaudited):

	Years Ended December 31,
	As of			As of
	June 30, 2019			December 31, 2018
2019(1)	$	0.6	(1)	$	1.2
2020	1.2			1.2
2021	1.2			1.2
2022	1.2			1.3
2023	1.3			1.3
Thereafter	388.1			388.0
Total	$	393.6		$	394.2

⁽¹⁾ Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2019.

Schedule of Right-of-Use Assets and Lease Liabilities Related to Ground Leases

The fair values and key terms of the right-of-use assets and lease liabilities related to the Account's ground leases are as follows (millions, unaudited):

	June 30, 2019
Assets:
Right-of-use assets, at fair value	$	26.7
Liabilities:
Ground lease liabilities, at fair value	$	26.7

Key Terms
Weighted-average remaining lease term (years)	85.1
Weighted-average discount rate(1)	6.13	%

⁽¹⁾ Discount rates are reflective of the rates utilized during the most recent appraisal of the associated real estate investments.

Schedule of Aggregate Minimum Annual Payments for Ground Leases, After Adopting 842

Aggregate future minimum annual payments for ground leases held by the Account are as follows (millions, unaudited):

	Years Ended December 31,
	As of			As of
	June 30, 2019			December 31, 2018
2019(1)	$	0.6	(1)	$	1.2
2020	1.2			1.2
2021	1.2			1.2
2022	1.2			1.3
2023	1.3			1.3
Thereafter	388.1			388.0
Total	$	393.6		$	394.2

⁽¹⁾ Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2019.