Leases (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 (unaudited) and December 31, 2019 are as follows (millions):



	As of
Years Ended	March 31, 2020			December 31, 2019
2020	$	486.2	⁽¹⁾	$	550.4
2021	593.9			505.0
2022	512.9			442.1
2023	437.7			381.2
2024	360.6			316.6
Thereafter	1,209.5			1,078.4
Total	$	3,600.8		$	3,273.7

⁽¹⁾ Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2020.

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):



	As of
	March 31, 2020		December 31, 2019
	(Unaudited)
Assets:
Right-of-use assets, at fair value	$	25.8	$	25.7
Liabilities:
Ground lease liabilities, at fair value	$	25.8	$	25.7



	As of
	March 31, 2020		December 31, 2019
Key Terms:	(Unaudited)
Weighted-average remaining lease term (years)	83.9		84.4
Weighted-average discount rate⁽¹⁾	6.16	%	6.15	%

⁽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):



	As of
Years Ended	March 31, 2020			December 31, 2019
	(Unaudited)
2020⁽¹⁾	$	0.9	⁽¹⁾	$	1.2
2021	1.2			1.2
2022	1.2			1.2
2023	1.2			1.2
2024	1.3			1.3
Thereafter	375.9			375.9
Total	$	381.7		$	382.0

⁽¹⁾Representative of minimum rents owed for the remaining months of the calendar year ending December 31, 2020.