v3.26.1
INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS (Tables)
6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Carrying Amount of Investment Real Estate, Net
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).