(10) Five possessions did the Holy Blessed One, set aside as his own in this world, and these are they: The Torah, one possession; Heaven and earth, another possession; Abraham, another possession; Israel [i.e., the people Israel], another possession; The Temple, another possession.

1) The Torah is one possession. From where do we know this? Since it is written, “The Lord possessed / קנני / qanani (usually translated as ‘created’) me at the beginning of his course, at the first of His works of old” (Proverbs 8:22).

2) Heaven and earth, another possession. From where do we know this? Since it is said: “Thus said the Lord: The heaven is My throne and the earth is My footstool; Where could you build a house for Me, What place could serve as My abode? (Isaiah 66:1) And it says: “How many are the things You have made, O Lord; You have made them all with wisdom; the earth is full of Your possessions / קניניך / qinyanekha” (Psalms 104:24).

3) Abraham is another possession. From where do we know this? Since it is written: “He blessed him, saying, “Blessed be Abram of God Most High, Possessor [=Creator] / קונה / qoneh of heaven and earth” (Genesis 14:19).

4) Israel is another possession. From where do we know this? Since it is written: “Till Your people cross over, O Lord, Till Your people whom You have possessed / קנית / qanita cross over” (Exodus 15:16). And it says: “As to the holy and mighty ones that are in the land, my whole desire (possession) is in them” (Psalms 16:3).

5) The Temple is another possession. From where do we know this? Since it is said: “The sanctuary, O Lord, which your hands have established / כוננו / konenu (close enough to 'qonenu'?) ” (Exodus 15:17”, And it says: “And He brought them to His holy realm, to the mountain, which His right hand had possessed / קנתה / qaneta” (Psalms 78:54).

(26) Four are called "acquisitions":

1 Israel — viz. "this people whom You have acquired" (Exodus 15:16).

2 Heaven and earth [some texts have: The Land of Israel / ארץ ישראל]— viz. (Genesis 14:19) "[He blessed him, saying,“Blessed be Abram of God Most High, Creator/Acquirer of heaven and earth.."

3 The Temple — viz. (Psalms 78:54) "this mountain (the Temple mount) that He acquired."

4 The Torah — viz. (Mishlei 8:22) "The L–rd acquired me (Torah) (in) the beginning of His way" (the creation).

Let Israel come, who are called "acquisition," to the land, that is called "acquisition," and build the Temple, His "acquisition," in the merit of the Torah, which is called "acquisition." Thus — "this people whom You have acquired."

In bPesachim 87b, the order is: Torah, Heaven/Earth, Temple, Israel.

Commentary attributed to Rashi to Avot chapter 6. (3)From where [do we infer that] Abraham [is] one possession: such that the Holy One, blessed be He, created him for this, to be a possession for the world? As it says, "And he blessed him, and said: ‘Blessed be Abram of God Most High.'" And why? Because [God] is "'Maker of heaven and earth.’” As because of [Abraham] the world exists; since he brought close the creatures under the wings of the Divine presence and made them repent to the better and said to them the things that are mentioned.

(11) Whatever the Holy Blessed One created in His world, he created only for His glory, as it is said: “All who are linked to My name, whom I have created, formed and made for My glory” (Isaiah 43:7), And it says: “The Lord shall reign for ever and ever” (Exodus 15:18).

The [Mishnah] calls these ‘purchases’ because one would not pay money to acquire something were it not important to one. For this reason, [the Mishnah] analogizes these things to ‘purchases,’ as if God had acquired them for a steep price, in order to convey how precious they are to God. (DR translation.)

Hence these things are called a possession, since they are for God Himself, may He be blessed, for His mastery. It is like one who acquires something - if he did not need it completely, he would not acquire it. And hence the Torah was created for Himself, may He be blessed, as it is the decree of His mastery over the creatures. And likewise, heaven and earth were created for Himself, may He be blessed, since He is “the God of heaven and the earth.” And likewise, the Temple, in which His Divine Presence resides, was created for Himself, may He be blessed; so His name is called upon the Temple. And thus was Israel created for Himself, may He be blessed - meaning that His mastery depends upon Israel, since His name, may He be blessed, is called upon Israel. And that is what Scripture says (Joshua 7:9) - “they will wipe out our name from the earth; and what will You do about Your great name?” Behold all these things are a possession - as anything that a person needs very much since it serves him, he acquires for himself. And likewise did they say in the Sifrei (Sifrei Devarim 309:5), “A parable [that compares it to] one whose father bequeathed him ten fields, and he acquired one field; and that one he loved more than all the fields that his father bequeathed him.” And the explanation of this thing is also that something that is completely for himself, he acquires - not something that he does not need so much. As he does not acquire that thing. Yet it is possible that something that he does not need so much will come to him as an inheritance. However it can also be explained according to the first explanation: Something that is one, and there is nothing with it - that thing is very needed by him. As behold there is no other one, hence he needs it very much. For if there had been something with it, he would not have needed it so much. Now that it is [only] one, it is very much needed by him.