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Financial Highlights (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020
 
Years Ended December 31,
2019
 
2018
 
2017
 
(Unaudited)
 
 
 
 
 
 
Per Accumulation Unit Data:
 
 
 
 
 
 
 
Rental income
$
5.054

 
$
18.165

 
$
17.757

 
$
17.132

Real estate property level expenses and taxes
2.422

 
8.734

 
8.548

 
7.722

Real estate income, net
2.632

 
9.431

 
9.209

 
9.410

Other income
1.724

 
6.752

 
6.162

 
4.762

Total income
4.356

 
16.183

 
15.371

 
14.172

Expense charges(1)
0.894

 
3.439

 
3.161

 
3.318

Investment income, net
3.462

 
12.744

 
12.210

 
10.854

Net realized and unrealized gain on investments and loans payable
(2.992
)
 
10.262

 
6.877

 
5.839

Net increase in Accumulation Unit Value
0.470

 
23.006

 
19.087

 
16.693

Accumulation Unit Value:
 
 
 
 
 
 
 
Beginning of period
440.422

 
417.416

 
398.329

 
381.636

End of period
$
440.892

 
$
440.422

 
$
417.416

 
$
398.329

Total return(3)
0.11
%
 
5.51
%
 
4.79
%
 
4.37
%
Ratios to Average net assets(2):
 
 
 
 
 
 
 
Expenses(1)
0.78
%
 
0.78
%
 
0.76
%
 
0.83
%
Investment income, net
3.04
%
 
2.90
%
 
2.95
%
 
2.72
%
Portfolio turnover rate(3):
 
 
 
 
 
 
 
Real estate properties(4)
5.7
%
 
7.8
%
 
11.8
%
 
2.7
%
Marketable securities(5)
74.0
%
 
28.7
%
 
5.1
%
 
5.7
%
Accumulation Units outstanding at end of period (millions)
57.8

 
60.8

 
60.7

 
61.3

Net assets end of period (millions)
$
26,015.1

 
$
27,307.9

 
$
25,842.6

 
$
24,942.6

(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, 2020 are annualized.
(3) 
Percentages for the three months ended March 31, 2020 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 real estate joint ventures and fund 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.