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Subsequent Events
 12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In preparing these financial statements, the Account has evaluated events and transactions for potential recognition or disclosure subsequent to December 31, 2021, through March 10, 2022, the date the financial statements were available to be issued.
Real Estate Properties and Joint Ventures
Purchases
Property NamePurchase DateOwnership PercentageSectorLocation
Net Purchase Price (1)
SYNC at Vinings(2)
01/06/202295.00%ApartmentsAtlanta, GA$87.0 
SYNC at Ten Oaks(2)
01/06/202295.00%ApartmentsLawrenceville, GA70.1 
SYNC at Purgatory Creek(2)
01/06/202295.00%ApartmentsSan Marcos, TX62.5 
SYNC at Kingsland Ranch(2)
01/06/202295.00%ApartmentsKaty, TX67.0 
Storage Portfolio IV01/12/202290.00%StorageMarietta, GA20.9 
Storage Portfolio IV01/12/202290.00%StorageTucker, GA17.7 
Northpark III(3)
02/04/2022100.00%IndustrialBrooklyn Park, MN38.9 
Northpark V(3)
02/04/2022100.00%IndustrialBrooklyn Park, MN27.9 
Park 81 East(3)
02/04/2022100.00%IndustrialMaple Grove, MN56.3 
Constellation Business Center(3)
02/04/2022100.00%IndustrialWhite Bear Township, MN14.0 
Carson South End Co-GP Development02/18/202275.00%LandCharlotte, NC28.9 
Bethpage Land(4)
03/03/202298.30%LandBethpage, NY0.3 
Marin Cancer Institute(5)
03/07/202250.00%OfficeGreenbrae, CA18.4 
Lakeside Medical Building(5)
03/07/202250.00%OfficeSan Francisco, CA10.2 
Valley Medical Building I(5)
03/07/202250.00%OfficeVan Nuys, CA8.6 
Valley Medical Building II(5)
03/07/202250.00%OfficeVan Nuys, CA7.8 
Fountain Grove Medical Building(5)
03/07/202250.00%OfficeSanta Rosa, CA5.0 
(1)     The net purchase price represents the purchase price and closing costs.
(2)    Property held within the Sun Holdings Multifamily Portfolio.
(3)    Property held within the Minneapolis Core Portfolio.
(4)    Property held within the Seavest MOB Portfolio.
(5)    Property held within the Juniper MOB Portfolio.
Sales
Property NameSales DateOwnership PercentageSectorLocation
Net Sales Price (1)
Realized Gain on Sale(2)
150 Industrial Road02/01/202298.00%OfficeSan Carlos, CA$147.7 $49.5 
Warwick Shopping Center03/03/2022100.00%RetailWarwick, RI11.8 0.3 
South Denver Marketplace03/03/2022100.00%RetailLone Tree, CO73.0 1.0 
(1)     The net sales price represents the sales price, less selling expenses.
(2)    Majority of the realized gain has been previously recognized as unrealized gains in the Account's Consolidated Statements of Operations.
Financings
New debt
Property NameTransaction DateInterest RateSectorMaturity DatePrincipal Amount
SYNC at Vinings(2)
01/06/2022
1.92% + SOFR
Apartment02/01/2029$56.7 
SYNC at Ten Oaks(2)
01/06/2022
1.92% + SOFR
Apartment02/01/202945.9 
SYNC at Purgatory Creek(2)
01/06/2022
1.92%+ SOFR
Apartment02/01/202941.8 
SYNC at Kingsland Ranch(2)
01/06/2022
1.92%+ SOFR
Apartment02/01/202945.5 
Refinance
Property NameTransaction DateInterest RateSectorMaturity DatePrincipal Amount
Florida Mall02/04/2022
1.97%+ SOFR
Retail02/09/2024$300.0 
Debt payoff
Property NameTransaction DateInterest RateSectorMaturity DatePrincipal Amount
Fusion 156002/22/20223.42%Apartment06/10/2022$37.4