Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Callable Commitments

As of June 30, 2023 and December 31, 2022, 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	June 30, 2023		December 31, 2022
Real Estate Funds(1)
	SP V - II, LLC	08/2023	$	9.6	$	10.0
	Veritas Trophy VI, LLC	08/2023	12.5		15.4
	Taconic New York City GP Fund, LP	11/2023	—		4.2
	Silverpeak NRE FundCo 3 LLC	12/2023	51.5		70.0
	JCR Capital - REA Preferred Equity Parallel Fund	02/2024	41.7		48.6
	Flagler - REA Healthcare Properties Partnership	02/2025	—		1.2
	Townsend Group Value-Add Fund	12/2026	79.0		84.7
	Silverpeak NRE FundCo LLC	12/2028	26.1		26.2
	Silverpeak NRE FundCo 2 LLC	12/2029	40.6		29.6
			$	261.0	$	289.9
Loans Receivable(2)
	311 South Wacker Mezzanine	03/2023	—		2.2
	SCG Oakland Portfolio Mezzanine	04/2023	—		5.4
	Five Oak Mezzanine	05/2023	—		1.5
	MRA Hub 34 Holding, LLC	08/2023	1.4		1.5
	Liberty Park Mezzanine	11/2023	2.6		2.6
	Colony New England Hotel Portfolio Senior Loan	11/2023	3.6		3.6
	Colony New England Hotel Portfolio Mezzanine	11/2023	1.2		1.2
	Exo Apartments Mezzanine	01/2024	3.9		2.4
	The Stratum Senior Loan	05/2024	1.1		1.3
	The Stratum Mezzanine	05/2024	0.4		0.4
	Spring House Innovation Park Senior Loan	07/2024	17.9		23.4
	Spring House Innovation Park Mezzanine	07/2024	6.0		7.8
	Project Sonic Senior Loan	06/2025	2.4		3.9
	Project Sonic Mezzanine	06/2025	0.8		1.3

	Commitment Expiration	June 30, 2023		December 31, 2022
One Biscayne Tower Senior Loan	07/2025	31.8		31.8
One Biscayne Tower Mezzanine	07/2025	10.6		10.6
The Reserve at Chino Hills	08/2025	8.1		12.7
735 Watkins Mill	08/2025	5.8		9.2
Sixth and Main Senior Loan	11/2025	—		6.2
Sixth and Main Mezzanine	11/2025	—		3.4
		$	97.6	$	132.4
TOTAL COMMITMENTS		$	358.6	$	422.3

(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.