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INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS | 6 Months Ended
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Jun. 30, 2024
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, 2024 US$ MILLIONS, EXCEPT FOR PERCENTAGES |  | Investment real estate, net of accumulated depreciation |  | Real estate partnerships
| Amount |  | Percentage |  | Amount |  | Percentage
Hotel |  | $ | 137 |  |  | 6 | % |  | $ | 394 |  |  | 9 | %
Industrial |  | 28 |  |  | 1 | % |  | 446 |  |  | 10 | %
Land |  | 129 |  |  | 6 | % |  | 49 |  |  | 1 | %
Office |  | 349 |  |  | 16 | % |  | 2,016 |  |  | 44 | %
Retail |  | 230 |  |  | 11 | % |  | 689 |  |  | 15 | %
Apartments |  | — |  |  | — | % |  | 520 |  |  | 12 | %
Student housing |  | — |  |  | — | % |  | 94 |  |  | 2 | %
Single family residential 1 |  | 1,279 |  |  | 59 | % |  | — |  |  | — | %
Other |  | 11 |  |  | 1 | % |  | 294 |  |  | 7 | %
Total |  | $ | 2,163 |  |  | 100 | % |  | $ | 4,502 |  |  | 100 | %
1.Balance is fair valued as a result of consolidation of investment company VIE in accordance with ASC 946.
AS OF DEC. 31, 2023 US$ MILLIONS, EXCEPT FOR PERCENTAGES |  | Investment real estate, net of accumulated depreciation |  | Real estate partnerships
| Amount |  | Percentage |  | Amount |  | Percentage
Hotel |  | $ | 14 |  |  | 2 | % |  | $ | 462 |  |  | 15 | %
Industrial |  | 65 |  |  | 8 | % |  | 369 |  |  | 12 | %
Land |  | 37 |  |  | 4 | % |  | 15 |  |  | 1 | %
Office |  | 464 |  |  | 53 | % |  | 1,402 |  |  | 45 | %
Retail |  | 218 |  |  | 25 | % |  | 17 |  |  | 1 | %
Apartments |  | 60 |  |  | 7 | % |  | 425 |  |  | 13 | %
Student housing |  | — |  |  | — | % |  | 85 |  |  | 2 | %
Other |  | 3 |  |  | 1 | % |  | 335 |  |  | 11 | %
Total |  | $ | 861 |  |  | 100 | % |  | $ | 3,110 |  |  | 100 | %
As of June 30, 2024 and December 31, 2023, no real estate investments met the criteria as held-for-sale.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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