Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Schedule of Loans Receivable, Underlying Real Estate Collateral by Property Types

The following property types represent the underlying real estate collateral for the Account's mezzanine loans (millions):

	March 31, 2020						December 31, 2019
	(Unaudited)
	Principal Outstanding		Fair Value		% of Fair Value		Principal Outstanding		Fair Value		% of Fair Value
Office(1)	$	825.2	$	821.0	50.3	%	$	769.3	$	768.0	48.8	%
Industrial	199.6		199.6		12.2	%	199.6		199.6		12.7	%
Retail	139.5		139.5		8.6	%	158.5		158.5		10.1	%
Storage	82.0		77.9		4.8	%	82.0		82.0		5.2	%
Apartments(1)	262.2		260.0		15.9	%	229.1		228.8		14.6	%
Hotel	135.3		133.0		8.2	%	135.3		135.2		8.6	%
	$	1,643.8	$	1,631.0	100.0	%	$	1,573.8	$	1,572.1	100.0	%

⁽¹⁾ Includes loans receivable with related parties.

Schedule of Fair Value Based on Risk Ratings

The following table presents the fair values of the Account's loan portfolio based on the risk ratings as of March 31, 2020 (in millions, unaudited), listed in order of the strength of the risk rating (from strongest to weakest):

	Number of Loans	Fair Value		% of Fair Value
BBB	10	$	558.6	34.2	%
BB	8	452.7		27.8	%
B	7	473.3		29.0	%
D	1	77.9		4.8	%
NR(1)	2	68.5		4.2	%
	28	$	1,631.0	100.0	%

⁽¹⁾ "NR" designates loans not assigned an internal credit rating. As of March 31, 2020, this is comprised of two loans with related parties. The loans are collateralized by equity interests in real estate investments.

Schedule of Loans Receivable in Nonaccrual Status

The following table represents loans receivable in nonaccrual status as of March 31, 2020 (in millions, unaudited). Loans are placed in nonaccrual status when a loan is more than 90 days in arrears or at any point when management believes the full collection of principal is doubtful.

Aging	Number of Loans	Principal Outstanding		Fair Value
Past Due - 90 Days +	1	$	82.0	$	77.9