Concentrations of Risk (Tables)

9 Months Ended

Sep. 30, 2022

Risks and Uncertainties [Abstract]

Schedule of Diversification of Portfolio by Region and Property Type

The following table represents the diversification of the Account’s portfolio by region and property type as of September 30, 2022:

Diversification by Fair Value(1)
	West(2)		South(3)		East(4)		Midwest(5)		Foreign(6)		Total
Industrial	16.9	%	7.4	%	2.5	%	1.6	%	—	%	28.4	%
Office	8.3	%	5.6	%	13.4	%	0.2	%	—	%	27.5	%
Apartments	8.6	%	10.4	%	6.7	%	1.0	%	—	%	26.7	%
Retail	3.7	%	5.2	%	2.6	%	0.7	%	—	%	12.2	%
Other(7)	1.6	%	2.0	%	1.3	%	0.2	%	0.1	%	5.2	%
Total	39.1	%	30.6	%	26.5	%	3.7	%	0.1	%	100.0	%

(1)Wholly-owned properties are represented at fair value and gross of any debt, while joint venture properties are represented at the net equity value.

(2)Properties in the “West” region are located in: AK, AZ, CA, CO, HI, ID, MT, NM, NV, OR, UT, WA, WY.

(3)Properties in the “South” region are located in: AL, AR, FL, GA, LA, MS, OK, TN, TX.

(4)Properties in the “East” region are located in: CT, DC, DE, KY, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT, WV.

(5)Properties in the “Midwest” region are located in: IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI.

(6)Represents a developable land investment in Ireland.

(7)Represents interests in Storage Portfolio investments, a hotel investment and land.