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INVESTMENT REAL ESTATE AND REAL ESTATE PARTNERSHIPS (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024
US$ MILLIONS, EXCEPT FOR PERCENTAGES
Investment real estate, net of accumulated depreciationReal estate partnerships
AmountPercentageAmountPercentage
Hotel$137 %$394 %
Industrial28 %446 10 %
Land129 %49 %
Office349 16 %2,016 44 %
Retail230 11 %689 15 %
Apartments— — %520 12 %
Student housing— — %94 %
Single family residential1
1,279 59 %— — %
Other11 %294 %
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 depreciationReal estate partnerships
AmountPercentageAmountPercentage
Hotel$14 %$462 15 %
Industrial65 %369 12 %
Land37 %15 %
Office464 53 %1,402 45 %
Retail218 25 %17 %
Apartments60 %425 13 %
Student housing— — %85 %
Other%335 11 %
Total$861 100 %$3,110 100 %