Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Callable Commitments

As of September 30, 2021 and December 31, 2020, the Account had the following immediately callable commitments to purchase additional interests in its real estate funds or provide additional funding through its loans receivable investments (in millions):

		Commitment Expiration	September 30, 2021		December 31, 2020
Real Estate Funds(1)
	LCS SHIP Venture I, LLC	06/2021	$	—	$	28.1
	Grubb Southeast Real Estate Fund VI, LLC	06/2021	—		81.5
	Townsend Group Value-Add Fund	12/2021	195.7		241.9
	Silverpeak NRE FundCo LLC	12/2021	48.5		81.1
	Veritas Trophy VI, LLC	08/2022	23.3		29.4
	SP V - II, LLC	09/2022	36.8		67.1
	JCR Capital - REA Preferred Equity Parallel Fund	12/2022	85.3		92.3
	Silverpeak NRE FundCo 2 LLC	12/2022	58.3		—
	Taconic New York City GP Fund	11/2023	4.2		6.0
	Flagler - REA Healthcare Properties Partnership	02/2025	1.2		49.6
			$	453.3	$	677.0
Loans Receivable(2)
	Rosemont Towson	09/2021	$	—	$	1.2
	Liberty Park Mezzanine	11/2021	2.6		3.1
	BREP VIII Industrial Mezzanine	03/2022	22.4		15.5

	Commitment Expiration	September 30, 2021		December 31, 2020
SCG Oakland Portfolio Mezzanine	03/2022	$	6.1	$	6.5
311 South Wacker Mezzanine	06/2022	2.2		5.4
San Diego Office Portfolio Senior Loan	08/2022	6.8		7.0
San Diego Office Portfolio Mezzanine	08/2022	2.3		2.3
MRA Hub 34 Holding, LLC	09/2022	1.5		1.5
1330 Broadway Mezzanine	09/2022	10.9		10.9
Colony New England Hotel Portfolio Senior Loan	11/2022	14.1		14.1
Colony New England Hotel Portfolio Mezzanine	11/2022	4.7		4.7
Exo Apartments Senior Loan	01/2023	—		7.1
Exo Apartments Mezzanine	01/2023	2.4		2.4
Five Oak Mezzanine	03/2023	1.8		2.3
5 Points Towers Mezzanine	03/2024	4.3		—
The Stratum Senior Loan	05/2024	2.0		—
The Stratum Mezzanine	05/2024	0.7		—
Spring House Innovation Park Senior Loan	07/2024	39.7		—
Spring House Innovation Park Mezzanine	07/2024	13.2		—
The Reserve at Chino Hills	08/2025	20.0		—
		$	157.7	$	84.0
TOTAL COMMITMENTS		$	611.0	$	761.0

(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)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.