XML 86 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
REAL ESTATE (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate [Abstract]  
Schedule of Investments in Consolidated Properties
The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at December 31, 2012 and 2011:

 
 
December 31,
 
 
2012
 
2011
Land
 
$
99,595,000

 
$
65,908,000

Buildings
 
193,302,000

 
53,112,000

Building improvements
 
3,964,000

 
2,295,000


 
296,861,000

 
121,315,000

Less accumulated depreciation
 
(7,412,000
)
 
(5,435,000
)
Real estate, net
 
$
289,449,000

 
$
115,880,000
Schedule of Business Acquisitions
The following table summarizes Kennedy Wilson's acquisitions during 2012 as described above:

Land
 
$
32,433,000

Buildings
 
125,683,000

Acquired in-place lease values
 
8,180,000

Total purchase price
 
166,296,000

Mortgage notes placed/assumed
 
(110,029,000
)
Total cash paid
 
$
56,267,000
Schedule of Business Acquisition, Pro Forma Information
The Company’s unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations that would have occurred had these acquisitions been consummated at the beginning of the periods presented.

 
 
Unaudited
 
 
Year Ended December 31,
Dollars in thousands, except for per share data



 
2012
 
2011
Pro forma revenues
 
$
79,357

 
$
78,482

Pro forma equity in joint venture income
 
$
17,063

 
$
7,719

Pro forma net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders
 
$
(11,387
)
 
$
(12,447
)
Pro forma net loss per share:
 
 
 
 
Basic
 
$
(0.21
)
 
$
(0.29
)