v3.26.1
INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS
6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS
The carrying amounts of investment real estate, net of accumulated depreciation, and real estate partnerships by property type are as follows:
AS OF JUN. 30, 2026
US$ MILLIONS, EXCEPT FOR PERCENTAGES
Investment real estate(1)
Real estate partnerships
AmountPercentageAmountPercentage
Hotel$213 7 %$81 2 %
Industrial  %64 1 %
Land1,175 36 %35 1 %
Office328 10 %1,932 38 %
Retail134 4 %1,560 32 %
Apartments46 1 %517 10 %
Single family residential1,302 40 %577 12 %
Other53 2 %183 4 %
Total$3,251 100 %$4,949 100 %

AS OF DEC. 31, 2025
US$ MILLIONS, EXCEPT FOR PERCENTAGES
Investment real estate(1)
Real estate partnerships
AmountPercentageAmountPercentage
Hotel$178 %$108 %
Industrial56 %62 %
Land807 27 %41 %
Office329 11 %1,943 46 %
Retail161 %1,529 36 %
Apartments46 %406 10 %
Single family residential1,311 43 %%
Other112 %144 %
Total$3,000 100 %$4,241 100 %
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(1)Includes $1.3 billion of investment real estate fair valued as a result of consolidation of investment company VIE in accordance with ASC 946 as of June 30, 2026 (December 31, 2025 – $1.3 billion).
As of June 30, 2026, $56 million of real estate investments met the criteria as held-for-sale (December 31, 2025 – $63 million).