Investment in Loan Pool Participation	9 Months Ended
Sep. 30, 2012
Investment in Loan Pool Participation [Abstract]
INVESTMENT IN LOAN POOL PARTICIPATION	INVESTMENT IN LOAN POOL PARTICIPATION As of September 30, 2012 and December 31, 2011, the Company's investment in loan pool participations totaled $102.9 million and $90.0 million, respectively. The Company's largest loan pool, which is secured by real estate primarily located in the United Kingdom (the “UK Loan Pool”), had a balance of $65.4 million and $60.0 million as of September 30, 2012 and December 31, 2011, respectively. In 2011, Kennedy Wilson, along with institutional partners, acquired this loan portfolio consisting of 58 performing loans with 24 borrowers with an unpaid principal balance of $2.1 billion, at time of purchase. The 58 loans were secured by more than 170 properties comprised of the following product types: office, multifamily, retail, industrial, hotel and land. Kennedy Wilson, through a 50/50 joint venture with one of its partners, acquired a 25% participation interest in the pool for $440.9 million, of which $323.4 million was funded with debt that matures in October 2014. As of September 30, 2012, the unpaid principal balance of the loans were $1.3 billion due to loan resolutions of $756.9 million through September 30, 2012, representing 36% of the pool. As a result of the positive performance of the loan pool, the venture level debt had been paid down to $146.8 million as of September 30, 2012. Kennedy Wilson expects to accrete $29.8 million in interest income from loan pool participations over the total estimated collection period (excluding asset management fees) . During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.0 million and $5.9 million, respectively, of interest income from the UK Loan Pool participation in the accompanying consolidated statements of operations. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.1 million and $2.8 million in gains, respectively, from foreign currency translation adjustments from its investment in the UK Loan Pool. The foreign currency gain and loss is included in other comprehensive income in the accompanying consolidated statement of equity and consolidated statements of comprehensive (loss) income. In August 2012, Kennedy Wilson, along with a European financial institution, acquired a loan pool consisting of 143 loans with an unpaid principal balance of $418.5 million. The 143 loans are are predominantly secured by commercial real estate assets across a mixture of asset classes, with the majority located in Ireland. We invested $7.4 million of our equity into this loan pool. Kennedy Wilson expects to accrete $1.0 million in interest income from loan pool participations over the total estimated collection period (excluding additional asset management fees). During the three months ended September 30, 2012, Kennedy Wilson recognized $0.1 million of interest income from this loan pool participation in the accompanying consolidated statements of operations. In June 2012, Kennedy Wilson, along with an equity method investee and related party, acquired a pool of two performing loans, secured by two office buildings in Southern California, totaling $41.6 million in unpaid principal balance. As of September 30, 2012, the loans were repaid in full. Kennedy Wilson accreted $0.9 million in interest income from this loan pool participation over the collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $0.7 million and $0.9 million, respectively, of interest income from this loan pool participation in the accompanying consolidated statements of operations. In April 2012, Kennedy Wilson acquired a participation in a loan portfolio totaling $43.4 million in unpaid principal balance. The loan portfolio is comprised of nine loans secured by seven retail properties located in the Western United States. We invested $30.9 million of our equity into this loan pool. As a result of $18.7 million in loan resolutions, the unpaid principal balance of the loans was $24.7 million as of September 30, 2012. Kennedy Wilson expects to accrete $3.2 million in interest income from this loan pool participation over the estimated collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $1.2 million and $2.0 million, respectively, of interest income from this loan pool participation in the accompanying consolidated statements of operations. In August 2011, Kennedy Wilson, in partnership with a bank, acquired a loan portfolio with deteriorated credit quality totaling $44.9 million in unpaid principal balance. The loan portfolio was comprised of nine nonperforming loans secured by eight retail properties located in Southern California. As of September 30, 2012, all the loans in this loan pool have been resolved. During the nine months ended September 30, 2012, Kennedy Wilson recognized $0.1 million of interest income from this loan pool participation in the accompanying consolidated statements of operations. In 2010, Kennedy Wilson, in partnership with a bank, acquired two loan portfolios with deteriorated credit quality. The loan portfolios, which were acquired from a regional bank, were comprised of loans secured by residential, hotel, retail, office, land, multifamily and other assets predominantly located in Southern California. The amount contractually due under the terms of the notes as of September 30, 2012 was $77.5 million. As of September 30, 2012, Kennedy Wilson expects to accrete $8.9 million in interest income from loan pool participations over the total estimated collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized a reduction of $1.8 million and $3.8 million, respectively, in accretion in the loan pool due to an increase in the estimated resolution periods as well as foreclosure on certain underlying real estate collateral. The accretion adjustment is included in interest income in the accompanying consolidated statement of operations. In total, during the the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.2 million and $5.2 million, respectively, of interest income from loan pool participations in the accompanying consolidated statement of operations. During the three and nine months ended September 30, 2011, Kennedy Wilson recognized $0.8 million and $4.7 million, respectively, of interest income from loan pool participations in the accompanying consolidated statement of operations.

INVESTMENT IN LOAN POOL PARTICIPATION

As of September 30, 2012 and December 31, 2011, the Company's investment in loan pool participations totaled $102.9 million and $90.0 million, respectively. The Company's largest loan pool, which is secured by real estate primarily located in the United Kingdom (the “UK Loan Pool”), had a balance of $65.4 million and $60.0 million as of September 30, 2012 and December 31, 2011, respectively. In 2011, Kennedy Wilson, along with institutional partners, acquired this loan portfolio consisting of 58 performing loans with 24 borrowers with an unpaid principal balance of $2.1 billion, at time of purchase. The 58 loans were secured by more than 170 properties comprised of the following product types: office, multifamily, retail, industrial, hotel and land. Kennedy Wilson, through a 50/50 joint venture with one of its partners, acquired a 25% participation interest in the pool for $440.9 million, of which $323.4 million was funded with debt that matures in October 2014. As of September 30, 2012, the unpaid principal balance of the loans were $1.3 billion due to loan resolutions of $756.9 million through September 30, 2012, representing 36% of the pool. As a result of the positive performance of the loan pool, the venture level debt had been paid down to $146.8 million as of September 30, 2012. Kennedy Wilson expects to accrete $29.8 million in interest income from loan pool participations over the total estimated collection period (excluding asset management fees) . During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.0 million and $5.9 million, respectively, of interest income from the UK Loan Pool participation in the accompanying consolidated statements of operations. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.1 million and $2.8 million in gains, respectively, from foreign currency translation adjustments from its investment in the UK Loan Pool. The foreign currency gain and loss is included in other comprehensive income in the accompanying consolidated statement of equity and consolidated statements of comprehensive (loss) income.

In August 2012, Kennedy Wilson, along with a European financial institution, acquired a loan pool consisting of 143 loans with an unpaid principal balance of $418.5 million. The 143 loans are are predominantly secured by commercial real estate assets across a mixture of asset classes, with the majority located in Ireland. We invested $7.4 million of our equity into this loan pool. Kennedy Wilson expects to accrete $1.0 million in interest income from loan pool participations over the total estimated collection period (excluding additional asset management fees). During the three months ended September 30, 2012, Kennedy Wilson recognized $0.1 million of interest income from this loan pool participation in the accompanying consolidated statements of operations.

In June 2012, Kennedy Wilson, along with an equity method investee and related party, acquired a pool of two performing loans, secured by two office buildings in Southern California, totaling $41.6 million in unpaid principal balance. As of September 30, 2012, the loans were repaid in full. Kennedy Wilson accreted $0.9 million in interest income from this loan pool participation over the collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $0.7 million and $0.9 million, respectively, of interest income from this loan pool participation in the accompanying consolidated statements of operations.

In April 2012, Kennedy Wilson acquired a participation in a loan portfolio totaling $43.4 million in unpaid principal balance. The loan portfolio is comprised of nine loans secured by seven retail properties located in the Western United States. We invested $30.9 million of our equity into this loan pool. As a result of $18.7 million in loan resolutions, the unpaid principal balance of the loans was $24.7 million as of September 30, 2012. Kennedy Wilson expects to accrete $3.2 million in interest income from this loan pool participation over the estimated collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized $1.2 million and $2.0 million, respectively, of interest income from this loan pool participation in the accompanying consolidated statements of operations.

In August 2011, Kennedy Wilson, in partnership with a bank, acquired a loan portfolio with deteriorated credit quality totaling $44.9 million in unpaid principal balance. The loan portfolio was comprised of nine nonperforming loans secured by eight retail properties located in Southern California. As of September 30, 2012, all the loans in this loan pool have been resolved. During the nine months ended September 30, 2012, Kennedy Wilson recognized $0.1 million of interest income from this loan pool participation in the accompanying consolidated statements of operations.

In 2010, Kennedy Wilson, in partnership with a bank, acquired two loan portfolios with deteriorated credit quality. The loan portfolios, which were acquired from a regional bank, were comprised of loans secured by residential, hotel, retail, office, land, multifamily and other assets predominantly located in Southern California. The amount contractually due under the terms of the notes as of September 30, 2012 was $77.5 million. As of September 30, 2012, Kennedy Wilson expects to accrete $8.9 million in interest income from loan pool participations over the total estimated collection period. During the three and nine months ended September 30, 2012, Kennedy Wilson recognized a reduction of $1.8 million and $3.8 million, respectively, in accretion in the loan pool due to an increase in the estimated resolution periods as well as foreclosure on certain underlying real estate collateral. The accretion adjustment is included in interest income in the accompanying consolidated statement of operations.

In total, during the the three and nine months ended September 30, 2012, Kennedy Wilson recognized $2.2 million and $5.2 million, respectively, of interest income from loan pool participations in the accompanying consolidated statement of operations. During the three and nine months ended September 30, 2011, Kennedy Wilson recognized $0.8 million and $4.7 million, respectively, of interest income from loan pool participations in the accompanying consolidated statement of operations.