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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Callable Commitments
As of December 31, 2019 and 2018, the Account had the following immediately callable commitments to purchase additional interests in its real estate funds or provide additional funding through its loan receivable investments:
 
 
Commitment Expiration
 
December 31, 2019
 
December 31, 2018
 
 
 
 
 
 
 
Real Estate Funds(1)
 
 
 
 
 
 
Taconic New York City GP Fund
11/2020
 
$
11.4

 
$
26.0

 
LCS SHIP Venture I, LLC
12/2020
 
28.1

 
75.0

 
Veritas Trophy VI, LLC(2)
02/2020
 
35.8

 
—

 
SP V - II, LLC
09/2022
 
74.9

 
—

 
Grubb Southeast Real Estate Fund VI, LLC
06/2021
 
86.6

 
—

 
JCR Capital - REA Preferred Equity Parallel Fund
12/2022
 
100.0

 
—

 
Townsend Strategic Ventures LP
03/2021
 
250.0

 
—

 
 
 
 
586.8

 
101.0

Loans Receivable(3)
 
 
 
 
 
 
311 South Wacker Mezzanine
06/2020
 
7.6

 
11.9

 
Rosemont Towson Mezzanine
09/2022
 
1.2

 
2.3

 
1330 Broadway Mezzanine
09/2022
 
14.0

 
14.8

 
SCG Oakland Portfolio Mezzanine
03/2021
 
7.0

 
—

 
BREP VIII Industrial Mezzanine
03/2026
 
14.1

 
—

 
San Diego Office Portfolio Senior Loan
08/2022
 
10.0

 
—

 
San Diego Office Portfolio Mezzanine
08/2022
 
3.3

 
—

 
MRA Hub 34 Holding, LLC

09/2022
 
1.5

 
—

 
Liberty Park Mezzanine
11/2023
 
5.0

 
—

 
Colony New England Hotel Portfolio Senior Loan
11/2022
 
14.1

 
—

 
Colony New England Hotel Portfolio Mezzanine
11/2022
 
4.7

 
—

 
Exo Apartments Senior Loan
06/2020
 
7.1

 
—

 
Exo Apartments Mezzanine
06/2020
 
2.4

 
—

 
 
 
 
92.0

 
29.0

 
 
 
 
 
 
 
 
TOTAL COMMITMENTS
 
 
$
678.8

 
$
130.0

(1) 
Additional capital can be called during the commitment period at any time. The commitment period can only be extended by the manager with the consent of the Account. The commitment expiration date is reflective of the most recent signed agreement between the Account and the fund manager, including any side letter agreements.
(2) 
The fund manager is granted 18 months from the initial contribution date, August 2019, to make its first capital call. If none have occurred, the Account's commitment will be reduced by $15.0 million. If a capital call occurs during the initial 18 month window, the commitment period will be modified to three years from the first capital call date.
(3) 
Additional advances from the Account can be requested during the commitment period at any time. The commitment expiration date is reflective of the most recent signed agreement between the Account and the borrower, including any side letter agreements. Certain loans contain extension clauses on the term of the loan that do not require the Account's prior consent. If elected, the Account's commitment may be extended through the extension term.