v3.26.1
Subsequent Events
 6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In preparing these financial statements, Management has evaluated events and transactions for potential recognition or disclosure subsequent to June 30, 2026.
On July 10, 2026, the Account drew $282.0 million on the line of credit provided by the Credit Agreement.
The following property-related transactions occurred subsequent to June 30, 2026 (in millions):
Real Estate Properties and Joint Ventures
Purchases
Property NamePurchase DateOwnership PercentageSectorLocation
Net Purchase Price(1)
The Ashton Venture(2)
07/2/202690.0%Multi-familyWashington, DC$24.3 
Innovation Drive (3)
07/22/2026100.0%IndustrialChicago, IL57.1 
Shakopee(3)
07/22/2026100.0%IndustrialShakopee, MN16.7 
Lombard(3)
07/22/2026100.0%IndustrialLombard, IL22.3 
Alft Lane(3)
07/22/2026100.0%IndustrialElgin, IL35.3 
Galvin Drive(3)
07/22/2026100.0%IndustrialGalvin, IL38.4 
Gilberts(3)
07/22/2026100.0%IndustrialGilberts, IL28.2 
Maple Grove(3)
07/22/2026100.0%IndustrialMaple Grove, MN32.6 
Rogers(3)
07/22/2026100.0%IndustrialRogers, MN51.9 
(1) The net purchase price represents the purchase price and closing costs.
(2) On July 2, 2026, the Account sold 10% of its ownership in The Ashton and transferred the remaining 90% to a newly formed joint venture with Lowe Enterprises. The amounts shown represent the Account's 90% interest in the joint venture investment.
(3) Property is held in North Central Core Portfolio.
Sales
Property NameSales DateOwnership PercentageSectorLocation
Net Sales Price(1)
Realized Gain (Loss) on Sale(2)
Fort Point Creative Exchange Portfolio(3)
07/1/2026100.0%OfficeBoston, MA$27.6 $(47.0)
The Forum - Sam Houston07/1/202697.0%Multi-familyHuntsville, TX25.3 (10.0)
The Ashton(4)
07/2/2026100.0%Multi-familyWashington, DC25.7 (17.2)
Park 1007/30/2026100.0%IndustrialHouston, TX16.6 (0.5)
The Henley at Kingstowne07/30/2026100.0%Multi-familyAlexandria, VA106.0 (5.5)
(1) The net sales price represents the sales price, less selling expenses.
(2) Majority of the realized gain/(loss) has been previously recognized as unrealized gains (losses) in the Account's Consolidated Statements of Operations.
(3) Partial disposition of portfolio assets.
(4) On July 2, 2026, the Account sold 10% of its ownership in The Ashton and transferred the remaining 90% to a newly formed joint venture with Lowe Enterprises.