Pruco Life Of New Jersey Variable Contract Real Property Acc POS AM 31 Mar 22 2021 FY Prospectus update (post-effective amendment) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021
Cover [Abstract]
Document Type	S-1
Entity Registrant Name	PRUCO LIFE OF NEW JERSEY VARIABLE CONTRACT REAL PROPERTY ACCOUNT
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-2426091
Entity Address, Address Line One	213 Washington Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000829114

STATEMENTS OF NET ASSETS

STATEMENTS OF NET ASSETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Liquidation Basis
ASSETS
Net Assets	$ 9,103,374
Net Assets, representing
Equity of contract owners	5,046,093
Equity of Pruco Life Insurance Company of New Jersey	$ 4,057,281
Portfolio shares held	194,857
Portfolio net asset value per share	$ 46.72
Contract owner units outstanding	1,319,829
Liquidation Basis | At net realizable value
ASSETS
Investment in The Prudential Variable Contract Real Property Partnership	$ 9,103,374
Going Concern Basis
ASSETS
Investment in The Prudential Variable Contract Real Property Partnership		$ 8,796,142
Net Assets		8,796,142
Net Assets, representing
Equity of contract owners		5,527,399
Equity of Pruco Life Insurance Company of New Jersey		$ 3,268,743
Portfolio shares held		194,857
Portfolio net asset value per share		$ 45.14
Contract owner units outstanding		1,486,174

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - Going Concern Basis - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
INVESTMENT INCOME
Net investment income allocated from The Prudential Variable Contract Real Property Partnership	$ 36,892	$ 220,141	$ 273,893
EXPENSES
Charges for mortality and expense risk, and for administration	(7,642)	(35,099)	(38,629)
NET INVESTMENT INCOME	29,250	185,042	235,264
NET RECOGNIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net unrealized appreciation (depreciation) on investments allocated from The Prudential Variable Contract Real Property Partnership	(86,266)	(969,960)	(1,173)
Net recognized gain (loss) on investments allocated from The Prudential Variable Contract Real Property Partnership	19,102	(584,062)	0
NET GAIN (LOSS) ON INVESTMENTS	(67,164)	(1,554,022)	(1,173)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (37,914)	$ (1,368,980)	$ 234,091

STATEMENTS OF CHANGES IN NET AS

STATEMENTS OF CHANGES IN NET ASSETS - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liquidation Basis
CAPITAL TRANSACTIONS
Net contributions (withdrawals) by contract owners		$ (494,172)
Net contributions (withdrawals) by Pruco Life Insurance Company of New Jersey		494,172
NET ASSETS
Beginning of year		8,420,156
End of year	$ 8,420,156	9,103,374
CHANGES IN NET ASSETS IN LIQUIDATION:
Change in net realizable value of the investment in The Prudential Variable Contract Real Property Partnership		683,218
CHANGES IN NET ASSETS IN LIQUIDATION		683,218
Going Concern Basis
OPERATIONS
Net investment income	29,250		$ 185,042	$ 235,264
Net unrealized appreciation (depreciation) on investments allocated from The Prudential Variable Contract Real Property Partnership	(86,266)		(969,960)	(1,173)
Net recognized gain (loss) on investments allocated from The Prudential Variable Contract Real Property Partnership	19,102		(584,062)	0
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	(37,914)		(1,368,980)	234,091
CAPITAL TRANSACTIONS
Net contributions (withdrawals) by contract owners	(107,581)		(290,338)	(284,247)
Net contributions (withdrawals) by Pruco Life Insurance Company of New Jersey	115,223		325,436	322,876
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM CAPITAL TRANSACTIONS	7,642		35,098	38,629
TOTAL INCREASE (DECREASE) IN NET ASSETS	(30,272)		(1,333,882)	272,720
NET ASSETS
Beginning of year	8,796,142	$ 8,765,870	10,130,024	9,857,304
End of year	$ 8,765,870		$ 8,796,142	$ 10,130,024

General

General	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Pruco Life of New Jersey Variable Contract Real Property Account (the “Real Property Account” or the “Registrant”) was established on October 30, 1987 by resolution of the Board of Directors of Pruco Life Insurance Company of New Jersey (“Pruco Life of New Jersey” or the “Company”), as a separate investment account pursuant to New Jersey law and is registered with the Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended. Pruco Life of New Jersey is a wholly-owned subsidiary of Pruco Life Insurance Company ("Pruco Life"). Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of America (“Prudential”), which is a wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). The assets of the Real Property Account are segregated from Pruco Life of New Jersey’s other assets. The Real Property Account is used to fund benefits under certain variable life insurance and variable annuity contracts issued by Pruco Life of New Jersey. These products are Variable Appreciable Life (“VAL”), Variable Life Insurance (“VLI”), Discovery Plus (“SPVA”), and Discovery Life Plus (“SPVL”). The assets of the Real Property Account are invested in The Prudential Variable Contract Real Property Partnership (the “Partnership”). The Partnership is the investment vehicle for assets allocated to the real estate investment option under certain variable life insurance and variable annuity contracts. The Real Property Account, along with Pruco Life Variable Contract Real Property Account and The Prudential Variable Contract Real Property Account, are the sole investors in the Partnership. The General Partners of the Partnership are Pruco Life of New Jersey, Pruco Life, and Prudential. These financial statements should be read in conjunction with the accompanying audited consolidated financial statements of the Partnership. The Partnership has a policy of investing at least 65% of its assets in direct ownership interests in income-producing real estate and participating mortgage loans. COVID-19 - Since the first quarter of 2020, the novel coronavirus (“COVID-19”) has resulted in extreme stress and disruption in the global economy and financial markets. While the markets have rebounded, the pandemic has adversely impacted, and may continue to adversely impact, the financial performance of the Partnership in which the Real Property Account invests. Due to the highly uncertain nature of these conditions, it is not possible to estimate the ultimate impacts at this time. Plan of Liquidation of Real Property Account Effective February 22, 2021, the Real Property Account closed to new investments. On March 31, 2021, Pruco Life of New Jersey, after obtaining regulatory approvals, filed with the SEC their notice of liquidation to liquidate the Real Property Account, and along with Pruco Life and Prudential to liquidate the Partnership on February 22, 2022 (the “

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies A. Basis of Accounting The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). Liquidation Basis of Accounting As a result of the filing of the Plan of Liquidation by Pruco Life of New Jersey, it was determined that liquidation was imminent and the Real Property Account’s basis of accounting transitioned effective April 1, 2021 from the going concern basis of accounting (“Going Concern Basis) to liquidation basis of accounting (“Liquidation Basis of Accounting”) in accordance with U.S. GAAP. Liquidation Basis of Accounting requires the Real Property Account’s assets to be measured at the estimated amounts of consideration the Real Property Account expects to collect in settling or disposing of its assets, and liabilities are to be measured at the estimated amounts at which the liabilities are expected to be settled. Actual costs and income, such as charges for mortality and expense risk and administrative expenses, may differ from amounts reflected in the financial statements because of the inherent uncertainty in estimating future events. Charges for mortality and expense risk and administrative expenses are used by Pruco Life of New Jersey to purchase additional investments in its account resulting in no impact to its net assets. Upon the adoption of the Liquidation Basis of Accounting, the Partnership recorded adjustments to its net assets in liquidation related to the General Partners’ Controlling Interest, effective April 1, 2021, in the amount of $(7,679,447). These adjustments are allocated to the Real Property Account based on its proportionate interest in the Partnership and are reflected in the Real Property Account’s net assets in liquidation as of April 1, 2021. Note 2: Summary of Significant Accounting Policies (continued) Going Concern Basis All financial results and disclosures through March 31, 2021, prior to adopting the Liquidation Basis of Accounting, are presented based on a Going Concern Basis, which contemplates the realization of assets and liabilities in the normal course of business. The Real Property Account has evaluated subsequent events through the date these financial statements were issued, and no other adjustment or disclosure is required in the financial statements. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of the investment in the Partnership. Fair value is used to approximate the net realizable value of the investment in the Partnership at liquidation basis of accounting. See Note 9 for more information. B. Investment in Partnership Interest The investment in the Partnership is based on the Real Property Account’s proportionate interest of the Partnership’s fair value. At both December 31, 2021 and 2020, the Real Property Account’s share of the general partners' controlling interest of the Partnership was 4.5% or 194,857 shares. C. Income Recognition Liquidation Basis of Accounting Under the Liquidation Basis of Accounting, the Real Property Account has accrued all revenue and expenses that it expects to incur through the completion of its liquidation to the extent it has a reasonable basis of estimation. Subsequent to April 1, 2021, the Real Property Account’s estimated revenue and expenses did not differ from the actual results. Going Concern Basis Net investment income or loss and recognized gains and losses are allocated based upon the average daily net assets for the investment in the Partnership. Amounts are based on the Real Property Account’s proportionate interest in the Partnership. All changes in fair value are recorded as net change in unrealized appreciation (depreciation) on investments in the Statements of Operations. D. Equity of Pruco Life Insurance Company of New Jersey Pruco Life of New Jersey maintains a position in the Real Property Account for liquidity purposes, including unit purchases and redemptions, Partnership share transactions, and expense processing. The position does not affect contract owners’ accounts or the related unit values. There were no cash transactions at the Real Property Account level for the years ended December 31, 2021, 2020, and 2019 as all of the transactions are settled by Pruco Life of New Jersey on behalf of the Real Property Account through a redemption or an issuance of units. Therefore, no statement of cash flows is presented for the years ended December 31, 2021, 2020, and 2019.

Taxes

Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Taxes	TaxesPruco Life of New Jersey is taxed as a “life insurance company”, as defined by the Internal Revenue Code. The results of operations of the Real Property Account form a part of Prudential Financial’s consolidated federal tax return. Under current federal, state and local law, no federal, state or local income taxes are payable by the Real Property Account. As such, no provision for the tax liability has been recorded in these financial statements. Prudential management will review periodically the status of the policy in the event of changes in the tax law.

Net Contributions (Withdrawals)

Net Contributions (Withdrawals) by Contract Owners	12 Months Ended
	Dec. 31, 2021
Net Contributions Withdrawals By Contract Owners [Abstract]
Net Contributions (Withdrawals) by Contract Owners	Net Contributions (Withdrawals) by Contract OwnersNet contributions (withdrawals) by contract owners for the Real Property Account by product for the period from April 1, 2021 to December 31, 2021, for the period ended March 31, 2021, and for the years ended December 31, 2020 and 2019 were as follows: For the period from April 1, 2021 to December 31, 2021 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 16,732 $ 2,246 $ — $ — $ 18,978 Policy loans (28,869) (6,691) — — (35,560) Policy loan repayments and interest 18,569 506 — — 19,075 Surrenders, withdrawals and death benefits (78,125) (24,226) — — (102,351) Net transfers from/(to) other subaccounts or fixed rate option (243,575) (33,781) — — (277,356) Miscellaneous transactions 839 247 — — 1,086 Administrative and other charges (103,518) (14,492) — (34) (118,044) $ (417,947) $ (76,191) $ — $ (34) $ (494,172) For the period ended March 31, 2021 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 38,231 $ 4,199 $ — $ — $ 42,430 Policy loans (3,611) (694) — — (4,305) Policy loan repayments and interest 9,327 1,033 — — 10,360 Surrenders, withdrawals and death benefits (55,492) (3,051) — — (58,543) Net transfers from/(to) other subaccounts or fixed rate option (48,700) (16,057) — — (64,757) Miscellaneous transactions 1,128 368 — — 1,496 Administrative and other charges (29,091) (5,159) — (12) (34,262) $ (88,209) $ (19,361) $ — $ (12) $ (107,581) December 31, 2020 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 202,296 $ 24,424 $ — $ — $ 226,720 Policy loans (54,789) (5,221) — — (60,010) Policy loan repayments and interest 115,177 5,394 — — 120,571 Surrenders, withdrawals and death benefits (277,284) (71,484) — — (348,768) Net transfers from/(to) other subaccounts or fixed rate option (56,157) (4,703) — (6,355) (67,215) Miscellaneous transactions 2,372 1,273 — (2) 3,643 Administrative and other charges (138,896) (25,932) — (451) (165,279) $ (207,281) $ (76,249) $ — $ (6,808) $ (290,338) December 31, 2019 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 177,039 $ 27,081 $ — $ — $ 204,120 Policy loans (74,651) (6,966) — — (81,617) Policy loan repayments and interest 216,440 8,051 — — 224,491 Surrenders, withdrawals and death benefits (333,384) (28,366) — (15,621) (377,371) Net transfers from/(to) other subaccounts or fixed rate option (32,272) (42,322) — — (74,594) Miscellaneous transactions (161) (27) — 45 (143) Administrative and other charges (148,456) (29,926) — (751) (179,133) $ (195,445) $ (72,475) $ — $ (16,327) $ (284,247)

Partnership Distributions

Partnership Distributions	12 Months Ended
	Dec. 31, 2021
Partnership Distributions [Abstract]
Partnership Distributions	Partnership Distributions For the years ended December 31, 2021, 2020, and 2019, the Partnership made no distributions. For the years ended December 31, 2021, 2020, and 2019, there were no purchases of the Partnership by the Real Property Account.

Unit Activity

Unit Activity	12 Months Ended
	Dec. 31, 2021
Unit Activity [Abstract]
Unit Activity	Unit Activity The changes in contract owner units outstanding for the Real Property Account by product for the period from April 1, 2021 to December 31, 2021, for the period ended March 31, 2021, and for the years ended December 31, 2020 and 2019 were as follows: For the period from April 1, 2021 to December 31, 2021 VAL VLI SPVA SPVL TOTAL Units issued 1,823 328 — — 2,151 Units redeemed (119,555) (19,896) — (12) (139,463) For the period ended March 31, 2021 VAL VLI SPVA SPVL TOTAL Units issued 4,600 314 — — 4,914 Units redeemed (28,798) (5,146) — (4) (33,948) December 31, 2020 VAL VLI SPVA SPVL TOTAL Units issued 24,848 3,668 — — 28,516 Units redeemed (76,713) (21,347) — (2,130) (100,190) December 31, 2019 VAL VLI SPVA SPVL TOTAL Units issued 19,689 2,939 — — 22,628 Units redeemed (65,897) (18,737) — (4,756) (89,390)

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2021
Financial Highlights [Abstract]
Financial Highlights	Financial Highlights Pruco Life of New Jersey sells a number of variable annuity and variable life insurance products. These products have unique combinations of features and fees that are charged against the contract owner’s account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns. Liquidation Basis of Accounting The Real Property Account’s management determined that presentation of financial highlights is not relevant and useful in understanding the liquidation basis financial statements. As a result, the Real Property Account elected to exclude the presentation of financial highlights for the period April 1, 2021 to December 31, 2021. Going Concern Basis In the table below, the contract owner units and net assets, the investment income ratio and the ranges of lowest to highest unit values, expense ratios and total returns are presented for the products offered by Pruco Life of New Jersey and funded through the Real Property Account. Only product designs within the Real Property Account that had contract owner units outstanding during the respective periods were considered when determining the ranges, which exclude Pruco Life of New Jersey’s position in the Real Property Account. The table may not reflect the minimum and maximum contract charges as contract owners may not have selected all available and applicable products offered by Pruco Life of New Jersey as disclosed in Note 1. Note 7: Financial Highlights (continued) Units Unit Value Net Assets Investment Income Ratio (1) Expense Ratio (2) Lowest — Highest Total Return (3) Lowest — Highest March 31, 2021 1,457 $ 2.93 — $ 3.99 $ 5,393 0.40 % 0.09 % — 0.31 % (0.65) % — (0.43) % December 31, 2020 1,486 $ 2.95 — $ 4.01 $ 5,527 2.30 % 0.35 % — 1.25 % (14.24) % — (13.47) % December 31, 2019 1,558 $ 3.44 — $ 4.63 $ 6,712 2.74 % 0.35 % — 1.25 % 1.49 % — 2.41 % December 31, 2018 1,625 $ 3.39 — $ 4.52 $ 6,849 3.06 % 0.35 % — 1.25 % 2.60 % — 3.53 % December 31, 2017 1,713 $ 3.31 — $ 4.37 $ 6,996 3.10 % 0.35 % — 1.25 % 3.60 % — 4.53 % (1) These amounts represent the contract owners' proportionate share of net investment income from the underlying Partnership divided by the contract owners' average daily net assets of the Real Property Account. These ratios exclude those expenses, such as mortality and expense risk and administrative expenses that result in direct reductions in the unit values. (2) These amounts represent the annualized contract expenses of the Real Property Account (except for the period ended March 31, 2021 which is not annualized), consisting primarily of mortality and expense risk and administrative charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Partnership are excluded. (3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying Partnership, and reflect deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Pruco Life of New Jersey also maintains a position in the Real Property Account to provide for property acquisitions and capital expenditure funding needs. The table below reflects information for assets held by Pruco Life of New Jersey. Charges for mortality and expense risk and administrative expenses are used by Pruco Life of New Jersey to purchase additional investments in its account resulting in no impact to its net assets. Net Assets March 31, 2021 $3,373 December 31, 2020 $3,269 December 31, 2019 $3,418 December 31, 2018 $3,008 December 31, 2017 $2,726 Charges and Expenses A. Mortality and Expense Risk Charges Mortality and expense risk charges are determined daily using an effective annual rate of 0.6%, 0.35%, 0.9% and 0.9% for VAL, VLI, SPVA and SPVL, respectively. Mortality risk is the risk that life insurance contract owners may not live as long as estimated or annuitants may live longer than estimated, and expense risk is the risk that the cost of issuing and administering the contracts may exceed related charges by Pruco Life of New Jersey. The mortality risk and expense risk charges are assessed through a reduction in unit values. B. Administrative Charges Administrative charges are determined daily using an effective annual rate of 0.35% applied daily against the net assets representing equity of contract owners held in each subaccount for SPVA and SPVL. Administrative charges include costs associated with issuing the contract, establishing and maintaining records, and providing reports to contract owners. The administrative charge is assessed through reduction in unit values. C. Cost of Insurance and Other Related Charges Contract owner contributions are subject to certain deductions prior to being invested in the Real Property Account. The deductions for VAL and VLI are (1) taxes attributable to premiums; (2) sales charges, not to exceed 5% for VAL, which are deducted in order to compensate Pruco Life of New Jersey for the cost of selling the contract; and (3) transaction costs, applicable to VAL, which are deducted from each premium payment to cover premium collection and processing costs. Contracts are subject to charges on each basic premium for assuming a guaranteed minimum death benefit risk. This charge Note 7: Financial Highlights (continued) compensates Pruco Life of New Jersey for the risk that an insured may die at a time when the death benefit exceeds the benefit that would have been payable in the absence of a minimum guarantee. These charges are assessed through the redemption of units. D. Deferred Sales Charge For SPVA, there is a deferred sales charge that applies at the time of a full or partial withdrawal, and the amount of the charge (which declines over time) depends on the number of years that have elapsed since the contract was issued. This deferred sales charge is assessed through the redemption of units. E. Partial Withdrawal Charge A charge is imposed by Pruco Life of New Jersey on partial withdrawals of the cash surrender value for VAL. A charge equal to the lesser of $15 or 2% will be made in connection with each partial withdrawal of the cash surrender value of a contract. This charge is assessed through the redemption of units.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Real Property Account has transactions and relationships with Prudential and other affiliates. Due to these relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Prudential Financial and its affiliates perform various services on behalf of the Partnership in which the Real Property Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, transfer agency and various other record keeping and customer service functions.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Real Property Account values its investment in the Partnership at fair value, which reflects the Real Property Account's proportionate interest in the net asset value of the Partnership, in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurement. As a result of adopting the Liquidation Basis of Accounting, as discussed in the Partnership’s notes to the consolidated financial statements, the real estate assets were recorded at their estimated liquidation value, which represents the estimated gross amounts of cash that the Partnership will collect on disposal of assets as it carries out its liquidation plan. Specific for the Partnership’s real estate assets under the Going Concern Basis, the properties owned by the Partnership are illiquid and their fair value is based on estimates from property appraisal reports prepared by independent real estate appraisers as discussed in the notes to the Partnership’s audited consolidated financial statements. The purpose of an appraisal is to estimate the fair value of real estate as of a specific date. The estimate of fair value of real estate is based on the conventional approaches to value, all of which require the exercise of subjective judgment. The three approaches are: (1) current cost of reproducing the real estate less deterioration and functional and economic obsolescence; (2) discounting a series of income streams and reversion at a specific yield or by directly capitalizing a single year income estimate by an appropriate factor; and (3) value indicated by recent sales of comparable real estate in the market. In the reconciliation of these three approaches, the independent appraiser uses one or a combination of them, to come up with the approximate value for the type of real estate in the market. The following is a summary of the investment strategy, risks, and redemption provisions of the Partnership: The Partnership has a policy of investing at least 65% of its assets in direct ownership interests in income-producing real estate, such as office buildings, shopping centers, hotels, apartments or industrial properties, and participating mortgage loans. The Partnership is subject to the risks inherent in the ownership of real property such as fluctuations in occupancy rates and operating expenses and variations in rental schedules. The Partnership properties are also subject to the risk of loss due to certain types of damage, which are either uninsurable or not economically insurable. The Partnership enters into loan agreements with certain lenders to finance its real estate investment transactions. Unfavorable economic conditions could increase related borrowing costs, limit access to the capital markets or result in a decision by lenders not to extend credit to the Partnership. Refer to the Partnership’s audited consolidated financial statements for other related risks. The Partnership allows for withdrawal of cash, in any amount up to a partner’s value of the Partnership. Ordinarily payment of the amount requested will be made on the day following the request. The Partnership reserves the right to defer such payments for a period of up to six months if the partners or the investment manager determine that there is insufficient cash available and prompt disposition of investments held by the Partnership cannot be made on commercially reasonable terms. Note 9: Fair Value Measurements (continued) The Real Property Account had no unfunded capital commitments as of December 31, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Accounting	Basis of Accounting The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). Liquidation Basis of Accounting As a result of the filing of the Plan of Liquidation by Pruco Life of New Jersey, it was determined that liquidation was imminent and the Real Property Account’s basis of accounting transitioned effective April 1, 2021 from the going concern basis of accounting (“Going Concern Basis) to liquidation basis of accounting (“Liquidation Basis of Accounting”) in accordance with U.S. GAAP. Liquidation Basis of Accounting requires the Real Property Account’s assets to be measured at the estimated amounts of consideration the Real Property Account expects to collect in settling or disposing of its assets, and liabilities are to be measured at the estimated amounts at which the liabilities are expected to be settled. Actual costs and income, such as charges for mortality and expense risk and administrative expenses, may differ from amounts reflected in the financial statements because of the inherent uncertainty in estimating future events. Charges for mortality and expense risk and administrative expenses are used by Pruco Life of New Jersey to purchase additional investments in its account resulting in no impact to its net assets. Upon the adoption of the Liquidation Basis of Accounting, the Partnership recorded adjustments to its net assets in liquidation related to the General Partners’ Controlling Interest, effective April 1, 2021, in the amount of $(7,679,447). These adjustments are allocated to the Real Property Account based on its proportionate interest in the Partnership and are reflected in the Real Property Account’s net assets in liquidation as of April 1, 2021. Note 2: Summary of Significant Accounting Policies (continued) Going Concern Basis All financial results and disclosures through March 31, 2021, prior to adopting the Liquidation Basis of Accounting, are presented based on a Going Concern Basis, which contemplates the realization of assets and liabilities in the normal course of business. The Real Property Account has evaluated subsequent events through the date these financial statements were issued, and no other adjustment or disclosure is required in the financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of the investment in the Partnership. Fair value is used to approximate the net realizable value of the investment in the Partnership at liquidation basis of accounting. See Note 9 for more information.
Investment In Partnership Interest	Investment in Partnership InterestThe investment in the Partnership is based on the Real Property Account’s proportionate interest of the Partnership’s fair value. At both December 31, 2021 and 2020, the Real Property Account’s share of the general partners' controlling interest of the Partnership was 4.5% or 194,857 shares.
Income Recognition	Income Recognition Liquidation Basis of Accounting Under the Liquidation Basis of Accounting, the Real Property Account has accrued all revenue and expenses that it expects to incur through the completion of its liquidation to the extent it has a reasonable basis of estimation. Subsequent to April 1, 2021, the Real Property Account’s estimated revenue and expenses did not differ from the actual results. Going Concern Basis
Equity of Pruco Insurance Company of New Jersey	Equity of Pruco Life Insurance Company of New Jersey Pruco Life of New Jersey maintains a position in the Real Property Account for liquidity purposes, including unit purchases and redemptions, Partnership share transactions, and expense processing. The position does not affect contract owners’ accounts or the related unit values. There were no cash transactions at the Real Property Account level for the years ended December 31, 2021, 2020, and 2019 as all of the transactions are settled by Pruco Life of New Jersey on behalf of the Real Property Account through a redemption or an issuance of units. Therefore, no statement of cash flows is presented for the years ended December 31, 2021, 2020, and 2019.

Net Contributions (Withdrawal_2

Net Contributions (Withdrawals) by Contract Owners (Tables)	12 Months Ended
	Dec. 31, 2021
Net Contributions Withdrawals By Contract Owners [Abstract]
Schedule of Net Contributions (Withdrawals) by Contract Owners	Net contributions (withdrawals) by contract owners for the Real Property Account by product for the period from April 1, 2021 to December 31, 2021, for the period ended March 31, 2021, and for the years ended December 31, 2020 and 2019 were as follows: For the period from April 1, 2021 to December 31, 2021 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 16,732 $ 2,246 $ — $ — $ 18,978 Policy loans (28,869) (6,691) — — (35,560) Policy loan repayments and interest 18,569 506 — — 19,075 Surrenders, withdrawals and death benefits (78,125) (24,226) — — (102,351) Net transfers from/(to) other subaccounts or fixed rate option (243,575) (33,781) — — (277,356) Miscellaneous transactions 839 247 — — 1,086 Administrative and other charges (103,518) (14,492) — (34) (118,044) $ (417,947) $ (76,191) $ — $ (34) $ (494,172) For the period ended March 31, 2021 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 38,231 $ 4,199 $ — $ — $ 42,430 Policy loans (3,611) (694) — — (4,305) Policy loan repayments and interest 9,327 1,033 — — 10,360 Surrenders, withdrawals and death benefits (55,492) (3,051) — — (58,543) Net transfers from/(to) other subaccounts or fixed rate option (48,700) (16,057) — — (64,757) Miscellaneous transactions 1,128 368 — — 1,496 Administrative and other charges (29,091) (5,159) — (12) (34,262) $ (88,209) $ (19,361) $ — $ (12) $ (107,581) December 31, 2020 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 202,296 $ 24,424 $ — $ — $ 226,720 Policy loans (54,789) (5,221) — — (60,010) Policy loan repayments and interest 115,177 5,394 — — 120,571 Surrenders, withdrawals and death benefits (277,284) (71,484) — — (348,768) Net transfers from/(to) other subaccounts or fixed rate option (56,157) (4,703) — (6,355) (67,215) Miscellaneous transactions 2,372 1,273 — (2) 3,643 Administrative and other charges (138,896) (25,932) — (451) (165,279) $ (207,281) $ (76,249) $ — $ (6,808) $ (290,338) December 31, 2019 VAL VLI SPVA SPVL TOTAL Contract owner net payments $ 177,039 $ 27,081 $ — $ — $ 204,120 Policy loans (74,651) (6,966) — — (81,617) Policy loan repayments and interest 216,440 8,051 — — 224,491 Surrenders, withdrawals and death benefits (333,384) (28,366) — (15,621) (377,371) Net transfers from/(to) other subaccounts or fixed rate option (32,272) (42,322) — — (74,594) Miscellaneous transactions (161) (27) — 45 (143) Administrative and other charges (148,456) (29,926) — (751) (179,133) $ (195,445) $ (72,475) $ — $ (16,327) $ (284,247)

Unit Activity (Tables)

Unit Activity (Tables)	12 Months Ended
	Dec. 31, 2021
Unit Activity [Abstract]
Schedule of Units of Partnership Interest	The changes in contract owner units outstanding for the Real Property Account by product for the period from April 1, 2021 to December 31, 2021, for the period ended March 31, 2021, and for the years ended December 31, 2020 and 2019 were as follows: For the period from April 1, 2021 to December 31, 2021 VAL VLI SPVA SPVL TOTAL Units issued 1,823 328 — — 2,151 Units redeemed (119,555) (19,896) — (12) (139,463) For the period ended March 31, 2021 VAL VLI SPVA SPVL TOTAL Units issued 4,600 314 — — 4,914 Units redeemed (28,798) (5,146) — (4) (33,948) December 31, 2020 VAL VLI SPVA SPVL TOTAL Units issued 24,848 3,668 — — 28,516 Units redeemed (76,713) (21,347) — (2,130) (100,190) December 31, 2019 VAL VLI SPVA SPVL TOTAL Units issued 19,689 2,939 — — 22,628 Units redeemed (65,897) (18,737) — (4,756) (89,390)

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Highlights [Abstract]
Schedule of Financial Highlights	In the table below, the contract owner units and net assets, the investment income ratio and the ranges of lowest to highest unit values, expense ratios and total returns are presented for the products offered by Pruco Life of New Jersey and funded through the Real Property Account. Only product designs within the Real Property Account that had contract owner units outstanding during the respective periods were considered when determining the ranges, which exclude Pruco Life of New Jersey’s position in the Real Property Account. The table may not reflect the minimum and maximum contract charges as contract owners may not have selected all available and applicable products offered by Pruco Life of New Jersey as disclosed in Note 1. Note 7: Financial Highlights (continued) Units Unit Value Net Assets Investment Income Ratio (1) Expense Ratio (2) Lowest — Highest Total Return (3) Lowest — Highest March 31, 2021 1,457 $ 2.93 — $ 3.99 $ 5,393 0.40 % 0.09 % — 0.31 % (0.65) % — (0.43) % December 31, 2020 1,486 $ 2.95 — $ 4.01 $ 5,527 2.30 % 0.35 % — 1.25 % (14.24) % — (13.47) % December 31, 2019 1,558 $ 3.44 — $ 4.63 $ 6,712 2.74 % 0.35 % — 1.25 % 1.49 % — 2.41 % December 31, 2018 1,625 $ 3.39 — $ 4.52 $ 6,849 3.06 % 0.35 % — 1.25 % 2.60 % — 3.53 % December 31, 2017 1,713 $ 3.31 — $ 4.37 $ 6,996 3.10 % 0.35 % — 1.25 % 3.60 % — 4.53 % (1) These amounts represent the contract owners' proportionate share of net investment income from the underlying Partnership divided by the contract owners' average daily net assets of the Real Property Account. These ratios exclude those expenses, such as mortality and expense risk and administrative expenses that result in direct reductions in the unit values. (2) These amounts represent the annualized contract expenses of the Real Property Account (except for the period ended March 31, 2021 which is not annualized), consisting primarily of mortality and expense risk and administrative charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Partnership are excluded. (3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying Partnership, and reflect deductions for all items included in the expense ratio. The total return does not include any expense assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Net Assets March 31, 2021 $3,373 December 31, 2020 $3,269 December 31, 2019 $3,418 December 31, 2018 $3,008 December 31, 2017 $2,726

General (Details)

General (Details)	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Minimum percent of partnership assets invested in direct ownership interests	65.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Standards Update and Change in Accounting Principle [Abstract]
Percent of interest in the General Partners Controlling Interest	4.50%	4.50%
Interest in the General Partners Controlling Interest (in shares)	194,857	194,857
Cash transactions	$ 0	$ 0	$ 0

Net Contributions (Withdrawal_3

Net Contributions (Withdrawals) by Contract Owners (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Contributions Withdrawals By Contract Owners [Line Items]
Contract owner net payments	$ 42,430	$ 18,978	$ 226,720	$ 204,120
Policy loans	(4,305)	(35,560)	(60,010)	(81,617)
Policy loan repayments and interest	10,360	19,075	120,571	224,491
Surrenders, withdrawals and death benefits	(58,543)	(102,351)	(348,768)	(377,371)
Net transfers from/(to) other subaccounts or fixed rate option	(64,757)	(277,356)	(67,215)	(74,594)
Miscellaneous transactions	1,496	1,086	3,643	(143)
Administrative and other charges	(34,262)	(118,044)	(165,279)	(179,133)
Net Contributions (Withdrawals) by Contract Owners	(107,581)	(494,172)	(290,338)	(284,247)
VAL
Net Contributions Withdrawals By Contract Owners [Line Items]
Contract owner net payments	38,231	16,732	202,296	177,039
Policy loans	(3,611)	(28,869)	(54,789)	(74,651)
Policy loan repayments and interest	9,327	18,569	115,177	216,440
Surrenders, withdrawals and death benefits	(55,492)	(78,125)	(277,284)	(333,384)
Net transfers from/(to) other subaccounts or fixed rate option	(48,700)	(243,575)	(56,157)	(32,272)
Miscellaneous transactions	1,128	839	2,372	(161)
Administrative and other charges	(29,091)	(103,518)	(138,896)	(148,456)
Net Contributions (Withdrawals) by Contract Owners	(88,209)	(417,947)	(207,281)	(195,445)
VLI
Net Contributions Withdrawals By Contract Owners [Line Items]
Contract owner net payments	4,199	2,246	24,424	27,081
Policy loans	(694)	(6,691)	(5,221)	(6,966)
Policy loan repayments and interest	1,033	506	5,394	8,051
Surrenders, withdrawals and death benefits	(3,051)	(24,226)	(71,484)	(28,366)
Net transfers from/(to) other subaccounts or fixed rate option	(16,057)	(33,781)	(4,703)	(42,322)
Miscellaneous transactions	368	247	1,273	(27)
Administrative and other charges	(5,159)	(14,492)	(25,932)	(29,926)
Net Contributions (Withdrawals) by Contract Owners	(19,361)	(76,191)	(76,249)	(72,475)
SPVA
Net Contributions Withdrawals By Contract Owners [Line Items]
Contract owner net payments	0	0	0	0
Policy loans	0	0	0	0
Policy loan repayments and interest	0	0	0	0
Surrenders, withdrawals and death benefits	0	0	0	0
Net transfers from/(to) other subaccounts or fixed rate option	0	0	0	0
Miscellaneous transactions	0	0	0	0
Administrative and other charges	0	0	0	0
Net Contributions (Withdrawals) by Contract Owners	0	0	0	0
SPVL
Net Contributions Withdrawals By Contract Owners [Line Items]
Contract owner net payments	0	0	0	0
Policy loans	0	0	0	0
Policy loan repayments and interest	0	0	0	0
Surrenders, withdrawals and death benefits	0	0	0	(15,621)
Net transfers from/(to) other subaccounts or fixed rate option	0	0	(6,355)	0
Miscellaneous transactions	0	0	(2)	45
Administrative and other charges	(12)	(34)	(451)	(751)
Net Contributions (Withdrawals) by Contract Owners	$ (12)	$ (34)	$ (6,808)	$ (16,327)

Partnership Distributions (Narr

Partnership Distributions (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Partnership Distributions [Abstract]
Partnership distribution made	$ 0	$ 0	$ 0
Purchases of the Partnership by the Real Property Account	$ 0	$ 0	$ 0

Unit Activity (Details)

Unit Activity (Details) - shares	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Unit Activity [Line Items]
Units issued	4,914	2,151	28,516	22,628
Units redeemed	(33,948)	(139,463)	(100,190)	(89,390)
VAL
Unit Activity [Line Items]
Units issued	4,600	1,823	24,848	19,689
Units redeemed	(28,798)	(119,555)	(76,713)	(65,897)
VLI
Unit Activity [Line Items]
Units issued	314	328	3,668	2,939
Units redeemed	(5,146)	(19,896)	(21,347)	(18,737)
SPVA
Unit Activity [Line Items]
Units issued	0	0	0	0
Units redeemed	0	0	0	0
SPVL
Unit Activity [Line Items]
Units issued	0	0	0	0
Units redeemed	(4)	(12)	(2,130)	(4,756)

Financial Highlights (Details)

Financial Highlights (Details) - Going Concern Basis - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financial Highlights [Line Items]
Units (in shares)		1,486,174
Net Assets	$ 8,765,870	$ 8,796,142	$ 10,130,024	$ 9,857,304
Company Net Assets
Financial Highlights [Line Items]
Net Assets	$ 3,373,000	$ 3,269,000	$ 3,418,000	$ 3,008,000	$ 2,726,000
Units
Financial Highlights [Line Items]
Units (in shares)	1,457,000	1,486,000	1,558,000	1,625,000	1,713,000
Units | Minimum
Financial Highlights [Line Items]
Unit Value (dollars per share)	$ 2.93	$ 2.95	$ 3.44	$ 3.39	$ 3.31
Units | Maximum
Financial Highlights [Line Items]
Unit Value (dollars per share)	$ 3.99	$ 4.01	$ 4.63	$ 4.52	$ 4.37
Net Assets
Financial Highlights [Line Items]
Net Assets	$ 5,393,000	$ 5,527,000	$ 6,712,000	$ 6,849,000	$ 6,996,000
Investment Income Ratio
Financial Highlights [Line Items]
Investment Income Ratio	0.40%	2.30%	2.74%	3.06%	3.10%
Expense Ratio | Minimum
Financial Highlights [Line Items]
Expense Ratio	0.09%	0.35%	0.35%	0.35%	0.35%
Expense Ratio | Maximum
Financial Highlights [Line Items]
Expense Ratio	0.31%	1.25%	1.25%	1.25%	1.25%
Total Return | Minimum
Financial Highlights [Line Items]
Total Return	(0.65%)	(14.24%)	1.49%	2.60%	3.60%
Total Return | Maximum
Financial Highlights [Line Items]
Total Return	(0.43%)	(13.47%)	2.41%	3.53%	4.53%

Financial Highlights (Narrative

Financial Highlights (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
VAL
Net Amount at Risk by Product and Guarantee [Line Items]
Effective annual rate used to determine daily the mortality risk and expense risk charges	0.60%
Maximum percent of sales charge	5.00%
Partial withdrawal charge, amount	$ 15
Partial withdrawal charge, percent	2.00%
VLI
Net Amount at Risk by Product and Guarantee [Line Items]
Effective annual rate used to determine daily the mortality risk and expense risk charges	0.35%
SPVA
Net Amount at Risk by Product and Guarantee [Line Items]
Effective annual rate used to determine daily the mortality risk and expense risk charges	0.90%
Effective annual rate used to determine daily the administrative charges	0.35%
SPVL
Net Amount at Risk by Product and Guarantee [Line Items]
Effective annual rate used to determine daily the mortality risk and expense risk charges	0.90%
Effective annual rate used to determine daily the administrative charges	0.35%

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Millions	Dec. 31, 2021USD ($)
Fair Value Disclosures [Abstract]
Minimum percent of partnership assets invested in direct ownership interests	65.00%
Unfunded capital commitments	$ 0