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Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2022
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 (in millions):
September 30, 2022December 31, 2021
Principal OutstandingFair Value% of Fair ValuePrincipal OutstandingFair Value% of Fair Value
Office(1)
$897.7 $790.8 51.1 %$862.4 $853.4 57.2 %
Apartments(1)
258.9 256.2 16.5 %253.3 252.0 16.9 %
Industrial131.6 131.1 8.5 %161.4 161.3 10.8 %
Hotel125.3 125.3 8.1 %125.3 125.3 8.4 %
Retail245.1 245.1 15.8 %101.7 100.6 6.7 %
$1,658.6 $1,548.5 100.0 %$1,504.1 $1,492.6 100.0 %
(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 September 30, 2022 (in millions), listed in order of the strength of the risk rating (from strongest to weakest):
September 30, 2022December 31, 2021
Number of LoansFair Value% of Fair ValueNumber of LoansFair Value% of Fair Value
AA—— — %162.6 4.2 %
AA-—— — %—— — %
A3180.7 11.7 %4248.5 16.6 %
A-146.3 3.0 %—— — %
BBB+3192.3 12.4 %—— — %
BBB2134.8 8.7 %6374.7 25.1 %
BBB-—— — %—— — %
BB+3122.8 7.9 %—— — %
BB382.2 5.3 %10437.8 29.3 %
BB-119.5 1.3 %—— — %
B+397.5 6.3 %—— — %
B158.0 3.8 %5144.3 9.7 %
B-4207.1 13.4 %—— — %
CCC+140.6 2.6 %—— — %
CCC2127.4 8.2 %—— — %
CCC-180.3 5.2 %—— — %
C179.1 5.1 %2154.8 10.4 %
D110.0 0.6 %—— — %
NR(1)
369.9 4.5 %369.9 4.7 %
33$1,548.5 100.0 %31$1,492.6 100.0 %
(1) "NR" designates loans not assigned an internal credit rating. As of September 30, 2022 and December 31, 2021, this is comprised of three 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 September 30, 2022 (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.

AgingNumber of LoansPrincipal OutstandingFair Value
Past Due - 90 Days +1$92.9 $10.0