XML 25 R15.htm IDEA: XBRL DOCUMENT v3.24.2.u1

INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS

6 Months Ended

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 residential1						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.

X

- References

No definition available.

+ Details

Name:	us-gaap_RealEstateAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration