CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) shares in Millions, $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments, at fair value:
Real estate properties (cost: $14,463.3 and $14,163.2)	$ 21,490.2	$ 18,903.9
Real estate joint ventures (cost: $5,654.2 and $5,497.9)	7,359.3	7,175.9
Real estate funds (cost: $768.4 and $692.9)	893.3	811.5
Real estate operating business (cost: $353.3 and $251.6)	642.1	326.3
Marketable securities (cost: $2,704.2 and $2,217.0)	2,649.1	2,207.8
Loans receivable (principal: $1,588.7 and $1,434.3)	1,478.6	1,422.7
Loans receivable with related parties (principal: $69.9 and $69.8)	69.9	69.9
Total investments (cost: $25,602.0 and $24,326.7)	34,582.5	30,918.0
Cash and cash equivalents	65.0	21.2
Due from investment manager	6.5	9.9
Other	357.0	327.3
TOTAL ASSETS	35,011.0	31,276.4
LIABILITIES
Loans payable, at fair value (principal outstanding: $2,169.0 and $2,362.6)	2,125.0	2,380.5
Line of credit, at fair value	0.0	500.0
Other unsecured debt, at fair value (principal outstanding: $1,000.0)	950.5	0.0
Accrued real estate property expenses	318.4	287.6
Other	43.7	36.3
TOTAL LIABILITIES	3,437.6	3,204.4
COMMITMENTS AND CONTINGENCIES
NET ASSETS
Accumulation Fund	30,903.0	27,476.0
Annuity Fund	670.4	596.0
TOTAL NET ASSETS	$ 31,573.4	$ 28,072.0
NUMBER OF ACCUMULATION UNITS OUTSTANDING (in shares)	53.5	53.4
NET ASSET VALUE, PER ACCUMULATION UNIT (in dollars per share)	$ 577.081	$ 514.765