EXHIBIT 21

Name of Subsidiary	Entity	State/Jurisdiction
68-540 Farrington, LLC	Limited liability company	Delaware
7107 Hollywood Developers, LLC	Limited liability company	Delaware
900 Fourth Avenue Property LLC	Limited liability company	Delaware
9350 Civic Center Drive, LLC	Limited liability company	Delaware
9350 Civic Center JV, LLC	Limited liability company	Delaware
Alexander Road Owner, LLC	Limited liability company	Delaware
Bailey Farm JV Carried Interest Plan, LLC	Limited liability company	Delaware
Bailey Farm Owner, LLC	Limited liability company	Delaware
Bailey Farm PT, LLC	Limited liability company	Delaware
BASGF II - 300 California LLC	Limited liability company	Delaware
BASGF II - Richmond, LLC	Limited liability company	Delaware
Bay Area Smart Growth Fund II, LLC	Limited liability company	Delaware
Bay Fund Opportunity LLC	Limited liability company	California
Capri Serenade, LLC	Limited liability company	Delaware
Capri/KW Bailey Farm Holdings, LLC	Limited liability company	Delaware
Capri/KW Bailey Sponsor, LLC	Limited liability company	Delaware
Capri/KW Serenade LLC	Limited liability company	Delaware
Country Ridge IX, LLC	Limited liability company	Delaware
Cypress Pointe Investment Corp	Corporation	California
Cypress Pointe Investment, LLC	Limited liability company	California
Desert Ramrod, LLC	Limited liability company	Delaware
Dillingham Ranch Aina LLC	Limited liability company	Delaware
Fairways 340 Corp.	Corporation	Delaware
Fairways 340,LLC	Limited liability company	Delaware
Fifth and Madison, LLC	Limited liability company	Delaware
Gateway KW-Esprit I JV, LLC	Limited liability company	Delaware
Gateway KW-Esprit I Owner, LLC	Limited liability company	Delaware
Glendora Partners	Limited liability company	California
Glendora Partners Member, LLC	Limited liability company	California
Guardian/KW Blossom Hill, LLC	Limited liability company	Delaware
Guardian/KW Hayward LLC	Limited liability company	Delaware
Guardian/KW Hayward Member, LLC	Limited liability company	Delaware
Guardian/KW Hilltop, LLC	Limited liability company	Delaware
Guardian/KW NOHO LLC	Limited liability company	Delaware
Guardian/KW NOHO Manager, LLC	Limited liability company	Delaware
Guardian/KW Santa Maria Land Partners, LLC	Limited liability company	Delaware
Hotel Majestic LLC	Limited liability company	Delaware
Kennedy Wilson 16501 Ventura Partners, LLC	Limited liability company	Delaware
Kennedy Wilson 16501 Ventura, LLC	Limited liability company	Delaware
Kennedy Wilson Auction Group, Inc.	Corporation	California
Kennedy-Wilson Capital	Corporation	California
Kennedy Wilson Capital Trust I	Corporation	Delaware
Kennedy Wilson Espana, S.L.U	Corporation	Spain
Kennedy Wilson Europe Limited	Corporation	Ireland
Kennedy Wilson Fund Management Group, LLC	Limited liability company	California
Kennedy Wilson Ireland Limited	Corporation	Ireland
Kennedy Wilson Overseas Investments, Inc.	Corporation	Delaware
Kennedy Wilson Overseas Investments, LLC	Limited liability company	Delaware
Kennedy Wilson Properties New Jersey Management, LLC	Limited liability company	New Jersey
Kennedy Wilson Property Equity IV, LLC	Limited liability company	Delaware
Kennedy Wilson Property Services V, LLC	Limited liability company	Delaware
Kennedy Wilson Real Estate Fund IV (IP), L.P.	Limited partnership	Delaware
Kennedy Wilson Real Estate Fund IV (PF), L.P.	Limited partnership	Delaware
Kennedy Wilson Real Estate Fund IV, L.P.	Limited partnership	Delaware
Kennedy Wilson Real Estate Fund V Feeder, LP	Limited partnership	Delaware
Kennedy Wilson Real Estate Fund V, LP	Limited partnership	Delaware
Kennedy Wilson REF IV AG, LLC	Limited liability company	Delaware
Kennedy Wilson REF IV BL, LLC	Limited liability company	Delaware
Kennedy Wilson REF V BL, LLC	Limited liability company	Delaware
Kennedy Wilson UK Limited	Corporation	England
Kennedy-Wilson Advisers	Corporation	Delaware
Kennedy-Wilson Austin Inc.	Corporation	Texas
Kennedy-Wilson Florida Management Inc.	Corporation	Delaware
Kennedy-Wilson Fund Management Group, LLC	Limited liability company	California
Kennedy-Wilson International	Corporation	California
Kennedy-Wilson Investments, LLC	Limited liability company	Delaware
Kennedy-Wilson Nevada Management, Inc.	Corporation	Delaware
Kennedy-Wilson Ohio Management, Inc.	Corporation	Delaware
Kennedy-Wilson Pennsylvania Management, Inc.	Corporation	Delaware
Kennedy-Wilson Properties, Ltd.	Corporation	Delaware
Kennedy-Wilson Properties, LTD.	Corporation	Illinois
Kennedy-Wilson Properties Northwest, Ltd.	Corporation	Washington
Kennedy-Wilson Properties of Arizona Ltd.	Corporation	Arizona
Kennedy-Wilson Properties of Dallas	Corporation	Texas
Kennedy-Wilson Properties of Texas Ltd.	Corporation	Texas
Kennedy-Wilson Property Equity II, Inc.	Corporation	Delaware
Kennedy-Wilson Property Equity III, Inc.	Corporation	Delaware
Kennedy-Wilson Property Equity, Inc.	Corporation	Delaware
Kennedy-Wilson Property Equity V, LLC	Limited liability company	Delaware
Kennedy-Wilson Property Services II, Inc.	Corporation	Delaware
Kennedy Wilson Property Services III GP, LLC	Limited liability company	Delaware
Kennedy-Wilson Property Services III, L.P.	Limited partnership	Delaware
Kennedy Wilson Property Services IV GP, LLC	Limited liability company	Delaware
Kennedy Wilson Property Services IV, L.P.	Limited partnership	Delaware
Kennedy-Wilson Property Services V, LLC	Limited liability company	Delaware
Kennedy-Wilson Property Services, Inc.	Corporation	Delaware
Kennedy-Wilson Property Special Equity II, Inc.	Corporation	Delaware
Kennedy-Wilson Property Special Equity III, LLC	Limited liability company	Delaware
Kennedy-Wilson Property Special Equity IV, LLC	Limited liability company	Delaware
Kennedy-Wilson Property Special Equity, Inc.	Corporation	Delaware
Kennedy-Wilson Tech, Ltd.	Corporation	California
Kennedy-Wilson, Inc.	Corporation	Delaware
Kohanaiki Shores LLC	Limited liability company	Delaware
KW Four Points, LLC	Limited liability company	Delaware
KW 1200 Main, LLC	Limited liability company	Delaware
KW 150 El Camino. LLC	Limited liability company	Delaware
KW 2012T, LLC	Limited liability company	Delaware
KW 2013J LLC	Limited liability company	Delaware
KW 21 LLC	Limited liability company	Hawaii
KW 245 Los Robles, LLC	Limited liability company	Delaware
KW 5200 Lankershim Manager, LLC	Limited liability company	Delaware
KW 5200 Lankershim, LLC	Limited liability company	Delaware
KW 5161 Lankershim, LLC	Limited liability company	Delaware
KW 900 Fourth Property Executives, LLC	Limited liability company	California
KW 9350 Civic Center Drive, LLC	Limited liability company	Delaware
KW Alameda LLC	Limited liability company	Delaware
KW Alameda Member LLC	Limited liability company	Delaware
KW America Multifamily Manager, LLC	Limited liability company	California
KW America Multifamily Manager II, LLC	Limited liability company	Delaware
KW Armacost, LLC	Limited liability company	Delaware
KW Aurora Land Partners Executives, LLC	Limited liability company	Delaware
KW Baker, LLC	Limited liability company	Delaware
KW BASGF II Executives LLC	Limited liability company	Delaware
KW BASGF II Manager, LLC	Limited liability company	Delaware
KW Blossom Hill Manager, LLC	Limited liability company	Delaware
KW Boise Plaza, LLC	Limited liability company	Delaware
KW Bozeman Investors, LLC	Limited liability company	Delaware
KW Bradley Square, LLC	Limited liability company	Delaware
KW Captowers Executives, LLC	Limited liability company	Delaware
KW Captowers Manager, LLC	Limited liability company	Delaware
KW Captowers Partners, LLC	Limited liability company	Delaware
KW Captowers, LLC	Limited liability company	Delaware
KW CIG Management Services, LLC	Limited liability company	Delaware
KW Club Palisades Manager, LLC	Limited liability company	Delaware
KW Club Palisades, LLC	Limited liability company	Delaware
KW Copeland, LLC	Limited liability company	Delaware
K-W Properties	Corporation	California
K-W Properties II	Corporation	California
KW Creekview Shopping Center, LLC	Limited liability company	Delaware
KW Currier Square Shopping Center, LLC	Limited liability company	Delaware
KW Cypress, LLC	Limited liability company	Delaware
KW Desert Ramrod Executives, LLC	Limited liability company	Delaware
KW Desert Ramrod Sponsor, LLC	Limited liability company	Delaware
KW Dillingham Aina LLC	Limited liability company	Delaware
KW El Camino LLC	Limited liability company	Delaware
KW El Cerrito (Village at Towne Center), LLC	Limited liability company	Delaware
KW EU Investors I, LLC	Limited liability company	Delaware
KW EU Investors II, LLC	Limited liability company	Delaware
KW EU Investors III, LLC	Limited liability company	Delaware
KW EU Investors IV, LLC	Limited liability company	Delaware
KW EU Investors IX, LLC	Limited liability company	Delaware
KW EU Investors V, LLC	Limited liability company	Delaware
KW EU Investors VII, LLC	Limited liability company	Delaware
KW EU Investors VIII, LLC	Limited liability company	Delaware
KW EU Investors X, LLC	Limited liability company	Delaware
KW EU Loan Partners I, LLC	Limited liability company	Delaware
KW EU Loan Partners II, LLC	Limited liability company	Delaware
KW EU Loan Partners III, LLC	Limited liability company	Delaware
KW Europe Investors II, LLC	Limited liability company	Delaware
KW Europe Investors III, LLC	Limited liability company	Delaware
KW Europe Investors IV, LLC	Limited liability company	Delaware
KW Executive Loan Partners I LLC	Limited liability company	California
KW Executives Pacifica Partners, LLC	Limited liability company	California
KW Executives Richmond, LLC	Limited liability company	California
KW Fife, LLC	Limited liability company	Delaware
KW Fifth and Madison Property Executives, LLC	Limited liability company	Delaware
KW Foothill Place Executives, LLC	Limited liability company	Delaware
KW Foothill Place Member, LLC	Limited liability company	Delaware
KW Foothill Place, LLC	Limited liability company	Delaware
KW Four Points LLC	Limited liability company	Delaware
KW Fruitdale, LLC	Limited liability company	Delaware
KW Fund I - Carlsbad 1, General Partner LLC	Limited liability company	Delaware
KW Fund I - 1 Carlsbad, L.P.	Limited partnership	Delaware
KW Fund I - Fifth and Madison, LLC	Limited liability company	Delaware
KW Fund I - Hegenberger General Partner LLC	Limited liability company	Delaware
KW Fund I - Hegenberger, L.P.	Limited liability company	Delaware
KW Fund II - Burbank Executive Plaza, LLC	Limited liability company	Delaware
KW Fund II - 6100, LLC	Limited liability company	Delaware
KW Fund II - Baxter Way LLC	Limited liability company	Delaware
KW Fund II Executives LLC	Limited liability company	California
KW Fund III - (QP-A) - Club Palisades, LLC	Limited liability company	Delaware
KW Fund III - (QP-A) - Petaluma, LLC	Limited liability company	Delaware
KW Fund III - (QP-A) - Walnut Creek, LLC	Limited liability company	Delaware
KW Fund III - (QP-A)-Kiahuna, LLC	Limited liability company	Delaware
KW Fund III - 6100, LLC	Limited liability company	Delaware
KW Fund III - Cypress Pointe, LLC	Limited liability company	Delaware
KW Fund III - Kiahuna, LLC	Limited liability company	Delaware
KW Fund III - Kona LLC	Limited liability company	Delaware
KW Fund III - Petaluma, LLC	Limited liability company	Delaware
KW Fund III - Richmond LLC	Limited liability company	Delaware
KW Fund III - Walnut Creek, LLC	Limited liability company	Delaware
KW Fund III Executives, LLC	Limited liability company	Delaware
KW Fund IV - 16501 Ventura, LLC	Limited liability company	Delaware
KW Fund IV - 5161 Lankershim LLC	Limited liability company	Delaware
KW Fund IV - 245 Los Robles, LLC	Limited liability company	Delaware
KW Fund IV - Captowers, LLC	Limited liability company	Delaware
KW Fund IV - Hayward, LLC	Limited liability company	Delaware
KW Fund IV - Kohanaiki, LLC	Limited liability company	Delaware
KW Fund IV - La Barranca, LLC	Limited liability company	Delaware
KW Fund IV - Mission Blvd, LLC	Limited liability company	Delaware
KW Fund IV - Oak Ridge LLC	Limited liability company	Delaware
KW Fund IV - Paradise Hills, LLC	Limited liability company	Delaware
KW Fund IV - Redwood Shores, LLC	Limited liability company	Delaware
KW Fund IV - Royal Beverly Glen, LLC	Limited liability company	Delaware
KW Fund IV - Telstar, LLC	Limited liability company	Delaware
KW Fund IV - Tricenter, LLC	Limited liability company	Delaware
KW Fund IV - University Crossing	Limited liability company	Delaware
KW Fund IV - Valle di Oro, LLC	Limited liability company	Delaware
KW Fund IV - Vancouver Partners, LLC	Limited liability company	Delaware
KW Fund V - Ash Way	Limited liability company	Delaware
KW Fund V - Centennial, LLC	Limited liability company	Delaware
KW Fund V – Eastgate, LLC	Limited liability company	Delaware
KW Fund V - Harbour Pointe	Limited liability company	Delaware
KW Fund V - REIT Holdings, LLC	Limited liability company	Delaware
KW Fund V -REIT Holdings TRS LLC	Limited liability company	Delaware
KW Fund V - REIT C0-Manager, LLC	Limited liability company	Delaware
KW Fund V - 303 17th Ave, LLC	Limited liability company	Delaware
KW Fund V - CCE, LLC	Limited liability company	Delaware
KW Fund V - Roseville Parkway, LLC	Limited liability company	Delaware
KW Fund V – Sandman, LLC	Limited liability company	Delaware
KW Fund V – SLC Retail, LLC	Limited liability company	Delaware
KW Fund V - Sunnyside, LLC	Limited liability company	Delaware
KW Fund V - Villas at Homestead, LLC	Limited liability company	Delaware
KW Fund V – Willows Commerce Park, LLC	Limited liability company	Delaware
KW Funds - 6100 Wilshire Manager, LLC	Limited liability company	Delaware
KW Funds - 6100 Wilshire, LLC	Limited liability company	Delaware
KW Funds - Petaluma, LLC	Limited liability company	Delaware
KW Harbor II, LLC	Limited liability company	Delaware
KW Harbor, LLC	Limited liability company	Delaware
KW Harrington Square, LLC	Limited liability company	Delaware
KW Harrington LLC	Limited liability company	Delaware
KW Hawaii Development LLC	Limited liability company	California
KW Hawaii Executives, LLC	Limited liability company	California
KW Hawaii, Inc.	Limited liability company	Delaware
KW Hayward Executives, LLC	Limited liability company	California
KW Hayward Manager, LLC	Limited liability company	Delaware
KW Hedges Creek, LLC	Limited liability company	Delaware
KW Hidden Creek, LLC	Limited liability company	Delaware
KW Hillcrest Shopping Center, LLC	Limited liability company	Delaware
KW Hilltop Manager II, LLC	Limited liability company	Delaware
KW Holiday Village Shopping Center, LLC	Limited liability company	Delaware
KW Indigo Land, LLC	Limited liability company	Delaware
KW Indigo, LLC	Limited liability company	Delaware
KW Investment Adviser, LLC	Limited liability company	Delaware
KW Ireland, LLC	Limited liability company	Delaware
KW James Street Executives, LLC	Limited liability company	California
KW James Street LLC	Limited liability company	Delaware
KW James Street Member, LLC	Limited liability company	California
KW James Street Manager, LLC	Limited liability company	Delaware
KW/KDX Bailey JV, LLC	Limited liability company	Delaware
KW Kiahuna, LLC	Limited liability company	Delaware
KW Kirker Creek, LLC	Limited liability company	Delaware
KW Kirker Creek Executives, LLC	Limited liability company	Delaware
K-W Kohanaiki Group, Inc.	Corporation	California
KW Kohanaiki Shores Member, LLC	Limited liability company	Delaware
KW Kona Investors Manager, LLC	Limited liability company	Delaware
KW Kona Investors, LLC	Limited liability company	Delaware
KW Kona LLC	Limited liability company	Hawaii
KW Lakeland, LLC	Limited liability company	Delaware
KW Lake Merritt , LLC	Limited liability company	Delaware
KW Liberty Lake, LLC	Limited liability company	Delaware
KW Loan Investors VII, LLC	Limited liability company	Delaware
KW Loan Partners I LLC	Limited liability company	Delaware
KW Loan Partners II - KLP II Andreas LLC	Limited liability company	Delaware
KW Loan Partners II LLC	Limited liability company	California
KW Loan Partners III, LLC	Limited liability company	Delaware
KW Loan Partners II-Paramount LLC	Limited liability company	California
KW Loan Partners IV, LLC	Limited liability company	Delaware
KW Loan Partners V	Limited liability company	Delaware
KW Loan Partners VII, LLC	Limited liability company	Delaware
KW Loan Partners VIII, LLC	Limited liability company	Delaware
KW Majestic West	Limited liability company	Delaware
KW Marina View Land Partners, LLC	Limited liability company	Delaware
KW Marina View Venture, LLC	Limited liability company	Delaware
KW Marina View, LLC	Limited liability company	Delaware
KW Mission Blvd Manager, LLC	Limited liability company	Delaware
KW Mission Blvd, LLC	Limited liability company	Delaware
KW Mission Blvd Executives LLC	Limited liability company	Delaware
KW Montclair Executives, LLC	Limited liability company	California
KW Montclair, LLC	Limited liability company	Delaware
KW Multi-Family Management Group, LLC	Limited liability company	California
KW NOHO Executives, LLC	Limited liability company	California
KW NOHO LLC	Limited liability company	Delaware
KW Northstar Beverage, LLC	Limited liability company	California
KW Northstar Ventures, LLC	Limited liability company	Delaware
KW Northstar Venture Penthouses, LLC	Limited liability company	Delaware
KW NWLA CDF I Manager LLC	Limited liability company	Delaware
KW Olympia, LLC	Limited liability company	Delaware
KW One Tech Executives, LLC	Limited liability company	California
KW Paradise Hills Shopping Center, LLC	Limited liability company	Delaware
KW Park Santa Fe, LLC	Limited liability company	Delaware
KW PCCP Montclair, LLC	Limited liability company	Delaware
KW Petaluma Executives, LLC	Limited liability company	California
KW Petaluma Manager, LLC	Limited liability company	Delaware
KW Portfolio 900 Fourth Property Manager LLC	Limited liability company	Delaware
KW Portfolio Fifth and Madison Property Manager, LLC	Limited liability company	Delaware
KW Portfolio XI Manager LLC	Limited liability company	Delaware
KW Portfolio XII Manager LLC	Limited liability company	Delaware
KW Portfolio XIII, LLC	Limited liability company	Delaware
KW Property Fund II, LP	Limited partnership	Delaware
KW Property Fund III (QP-A) L.P.	Limited partnership	Delaware
KW Property Fund III, LP	Limited partnership	Delaware
KW Ravenswood Equity LLC	Limited liability company	California
KW Ravenswood Executives LLC	Limited liability company	California
KW Ravenswood LLC	Limited liability company	Delaware
KW Ravenswood Member LLC	Limited liability company	Delaware
KW Real Estate Venture XIII, LLC	Limited liability company	Delaware
KW Red Cliff Shopping Center, LLC	Limited liability company	Delaware
KW Redmond Manager, LLC	Limited liability company	Delaware
KW Redmond, LLC	Limited liability company	Delaware
KW Fund IV - 245 Los Robles, LLC	Limited liability company	Delaware
KW Redwood Shores, LLC	Limited liability company	Delaware
KW Residential Capital, LLC	Limited liability company	Delaware
KW Residential, LLC	Limited liability company	Delaware
KW Richfield Plaza, LLC	Limited liability company	Delaware
KW- Richmond, LLC	Limited liability company	Delaware
KW Riverdale and 36, LLC	Limited liability company	Delaware
KW River Pointe, LLC	Limited liability company	Delaware
KW Rock Creek, LLC	Limited liability company	Delaware
KW Royal Beverly Glen, LLC	Limited liability company	Delaware
KW Sandpiper, LLC	Limited liability company	Delaware
KW Sacramento, LLC	Limited liability company	Delaware
KW Santa Clarita Townhomes, LLC	Limited liability company	Delaware
K-W Santiago Inc.	Corporation	California
KW Securities, LLC	Limited liability company	Delaware
KW Serenade Manager, LLC	Limited liability company	Delaware
KW State Street, LLC	Limited liability company	Delaware
KW Stoneridge, LLC	Limited liability company	Delaware
KW Summer House Manager, LLC	Limited liability company	Delaware
KW Sunrise Carlsbad, LLC	Limited liability company	Delaware
KW SV Executives, LLC	Limited liability company	California
KW SV Investment West Coast, LLC	Limited liability company	Delaware
KW Tacoma Apartments, LLC	Limited liability company	Delaware
KW Tacoma Condos, LLC	Limited liability company	Delaware
KW Taylor Yard 55, LLC	Limited liability company	Delaware
KW Telstar Partners, LLC	Limited liability company	Delaware
KW Telstar, LLC	Limited liability company	Delaware
KW Tricenter, LLC	Limited liability company	Delaware
KW Tumwater, LLC	Limited liability company	Delaware
KW UK Loan Partners, LLC	Limited liability company	Delaware
KW University Glen, LLC	Limited liability company	Delaware
KW University Glen Executives, LLC	Limited liability company	Delaware
KW University Glen Manager, LLC	Limited liability company	Delaware
KW University Partners, LLC	Limited liability company	Delaware
KW University Place, LLC	Limited liability company	Delaware
KW UR Investments 1, LLC	Limited liability company	Delaware
KW UR Investments 2, LLC	Limited liability company	Delaware
KW UR Investments 3, LLC	Limited liability company	Delaware
KW UR Investments 4, LLC	Limited liability company	Delaware
KW UR Investments 5, LLC	Limited liability company	Delaware
KW UR Investments 6, LLC	Limited liability company	Delaware
KW UR Investments 7, LLC	Limited liability company	Delaware
KW Vallejo TIC, LLC	Limited liability company	Delaware
KW Vancouver Partners, LLC	Limited liability company	Delaware
KW Victory Land Loan, LLC	Limited liability company	Delaware
KW Victory Plaza Loan, LLC	Limited liability company	Delaware
KW Westmoreland TIC, LLC	Limited liability company	Delaware
KW Waseda Executives, LLC	Limited liability company	Delaware
KW Whitewater Park, LLC	Limited liability company	Delaware
KW/AB Desert Ramrod Holdings, LLC	Limited liability company	Delaware
KW/CV Sunset, LLC	Limited liability company	Delaware
KW/CV Third-Pacific Manager, LLC	Limited liability company	Delaware
KW/CV Third Pacific-Manager, LLC	Limited liability company	Delaware
KW/HFC Paramount, LP	Limited partnership	Delaware
KW/LF Malibu Sands, LLC	Limited liability company	California
KW/LF Equinox, LLC	Limited liability company	Delaware
KW/LF Radius, LLC	Limited liability company	Delaware
KW/WDC Apartment Portfolio LLC	Limited liability company	Delaware
KW/WDC Portfolio Member LLC	Limited liability company	Delaware
KW/WDC Sacramento LLC	Limited liability company	Delaware
KW/WDC Vallejo LLC	Limited liability company	Delaware
KW/WDC West Campus, LLC	Limited liability company	Delaware
KW/WDC Westmoreland Executives, LLC	Limited liability company	Delaware
KW/WDC Westmoreland Manager, LLC	Limited liability company	Delaware
KW/WDC Westmoreland, LLC	Limited liability company	Delaware
KWF Executive I, LLC	Limited liability company	California
KWF Executives II, LLC	Limited liability company	California
KWF Executives III, LLC	Limited liability company	California
KWF Executives IV, LLC	Limited liability company	California
KWF Executives V, LLC	Limited liability company	California
KWF Investors I, LLC	Limited liability company	Delaware
KWF Investors II, LLC	Limited liability company	Delaware
KWF Investors III, LLC	Limited liability company	Delaware
KWF Investors IV, LLC	Limited liability company	Delaware
KWF Investors V, LLC	Limited liability company	Delaware
KWF Investors VII, LLC	Limited liability company	Delaware
KWF Investors VIII, LLC	Limited liability company	Delaware
KWF Manager I, LLC	Limited liability company	Delaware
KWF Manager II, LLC	Limited liability company	Delaware
KWF Manager III, LLC	Limited liability company	Delaware
KWF Manager IV, LLC	Limited liability company	Delaware
KWF Manager IX, LLC	Limited liability company	Delaware
KWF Manager V, LLC	Limited liability company	Delaware
KWF Manager VI, LLC	Limited liability company	Delaware
KWF Manager VII, LLC	Limited liability company	Delaware
KWF Manager VIII, LLC	Limited liability company	Delaware
KWF Manager X, LLC	Limited liability company	Delaware
KWF Manager XI, LLC	Limited liability company	Delaware
KWF Manager XII, LLC	Limited liability company	Delaware
KWF Manager XIII, LLC	Limited liability company	Delaware
KWF Manager XIV, LLC	Limited liability company	Delaware
KWF Manager XV, LLC	Limited liability company	Delaware
KWF Real Estate Venture II, L.P.	Limited partnership	Delaware
KWF Real Estate Venture III, L.P.	Limited partnership	Delaware
KWF Real Estate Venture IV, L.P.	Limited partnership	Delaware
KWF Real Estate Venture IX, LP	Limited partnership	Delaware
KWF Real Estate Venture V, LP	Limited partnership	Delaware
KWF Real Estate Venture VI, LP	Limited liability company	Delaware
KWF Real Estate Venture VII, LP	Limited partnership	Delaware
KWF Real Estate Venture VIII, LP	Limited partnership	Delaware
KWF Real Estate Venture X, LP	Limited partnership	Delaware
KWF Real Estate Venture XI, LP	Limited partnership	Delaware
KWF Real Estate Venture XII, LP	Limited partnership	Delaware
KWF Real Estate Venture XIII, LP	Limited partnership	Delaware
KWF Real Estate Venture XIV, LP	Limited partnership	Delaware
KWF Real Estate Venture XV, LP	Limited partnership	Delaware
KWI America Multifamily, LLC	Limited liability company	Delaware
KWI Fund I - Baxter Way LLC	Limited liability company	Delaware
KWI Property Fund I, LP	Limited partnership	Delaware
KWP Financial	Corporation	California
KWP Financial I	Corporation	California
KWP Financial XI, LLC	Limited liability company	California
Meyers Research, LLC	Limited liability company	Delaware
Mokuleia Shores Holder LLC	Limited liability company	Hawaii
North Shores Water Company LLC	Limited liability company	Hawaii
Northwest Louisiana Community Development Fund I, LLC	Limited liability company	Delaware
NWLACDFI - Riverscape, LLC	Limited liability company	Delaware
NWLACDFI - Southern Oaks, LLC	Limited liability company	Delaware
NWLACDFI - Village Square, LLC	Limited liability company	Delaware
KW One Baxter Way GP, LLC	Limited liability company	Delaware
One Baxter Way JV, LLC	Limited liability company	Delaware
One Baxter Way, LP	Limited partnership	Delaware
Orem Center Plaza, LLC	Limited liability company	Delaware
Pacifica East Coast Partners, LLC	Limited liability company	Delaware
Pacifica Partners, LLC	Limited liability company	Delaware
Pacifica West Coast Partners, LLC	Limited liability company	California
Kennedy Wilson Real Estate Sales & Marketing	Corporation	California
Santa Maria Land Partners Executives, LLC	Limited liability company	California
Santa Maria Land Partners Manager, LLC	Limited liability company	Delaware
Santa Maria Land Partners, LLC	Limited liability company	Delaware
SoCal Baker, LLC	Limited liability company	Delaware
SoCal Harbor, LLC	Limited liability company	Delaware
SG KW Venture I Executives LLC	Limited liability company	Delaware
SG KW Venture I LLC	Limited liability company	Delaware
SG KG Venture I Manager LLC	Limited liability company	Delaware
Sunrise Property Associates, LLC	Limited liability company	Delaware
SV Investment East Coast Partners, LLC	Limited liability company	Delaware
SV Investment Group Partners Manager, LLC	Limited liability company	Delaware
SV Investment Group Partners, LLC	Limited liability company	Delaware
SV investment West Coast Partners, LLC	Limited liability company	Delaware
Waseda Partners, LLC	Limited liability company	Delaware
WDC Babcock Fairways, LLC	Limited liability company	Delaware
Woodlands Village Shopping Center, LLC	Limited liability company	Delaware
KW - VHH Member, LLC	Limited liability company	Delaware
KW 2012Q LLC	Limited liability company	Delaware
KW 2012R LLC	Limited liability company	Delaware
KW 2012S	Limited liability company	Delaware
KW 2012U	Limited liability company	Delaware
KW 2012W	Limited liability company	Delaware
KW 2012Y	Limited liability company	Delaware
KW 2012Z	Limited liability company	Delaware
KW Bozeman Investors, LLC	Limited liability company	Delaware
KW 2013M LLC	Limited liability company	Delaware
KW 2013N LLC	Limited liability company	Delaware
KW 2013O LLC	Limited liability company	Delaware
KW 2013P LLC	Limited liability company	Delaware
KW 2013Q LLC	Limited liability company	Delaware
KW 2013R LLC	Limited liability company	Delaware
KW 2013S LLC	Limited liability company	Delaware
KW 2013T LLC	Limited liability company	Delaware
KW 2013U LLC	Limited liability company	Delaware
KW 2013V LLC	Limited liability company	Delaware
KW 2013W LLC	Limited liability company	Delaware
KW 2013X LLC	Limited liability company	Delaware
KW 2013Y LLC	Limited liability company	Delaware
KW 2013Z LLC	Limited liability company	Delaware
KW 2013AA LLC	Limited liability company	Delaware
KW 2013BB LLC	Limited liability company	Delaware
KW 2013CC LLC	Limited liability company	Delaware
KW 2013DD LLC	Limited liability company	Delaware
KW 2013EE LLC	Limited liability company	Delaware
KW 2013FF LLC	Limited liability company	Delaware
KW 2013GG LLC	Limited liability company	Delaware
KW 2013HH LLC	Limited liability company	Delaware
KW 2013II LLC	Limited liability company	Delaware
KW 2013JJ LLC	Limited liability company	Delaware
KW 2013KK LLC	Limited liability company	Delaware
KW 2013LL LLC	Limited liability company	Delaware
KW 2013MM LLC	Limited liability company	Delaware
KW 2013NN LLC	Limited liability company	Delaware
KW 2013OO LLC	Limited liability company	Delaware
KW 2013PP LLC	Limited liability company	Delaware
KW 2013QQ LLC	Limited liability company	Delaware
KW 2013RR LLC	Limited liability company	Delaware
KW 2013SS LLC	Limited liability company	Delaware
KW 2013TT LLC	Limited liability company	Delaware
KW 2013UU LLC	Limited liability company	Delaware
KW 2013VV LLC	Limited liability company	Delaware
KW 2013WW LLC	Limited liability company
KW 2013XX LLC	Limited liability company	Delaware
KW 2013YY LLC	Limited liability company	Delaware
KW 2013ZZ LLC	Limited liability company	Delaware
KW 2016A LLC	Limited liability company	Delaware
KW 2016B LLC	Limited liability company	Delaware
KW 2016C LLC	Limited liability company	Delaware
KW 2016D LLC	Limited liability company	Delaware
KW 2016E LLC	Limited liability company	Delaware
KW 2016F LLC	Limited liability company	Delaware
KW 2016G LLC	Limited liability company	Delaware
KW 2016H LLC	Limited liability company	Delaware
KW 2016I LLC	Limited liability company	Delaware
KW 2016J LLC	Limited liability company	Delaware
KW 2016K LLC	Limited liability company	Delaware
KW 2016L LLC	Limited liability company	Delaware
KW 2016M LLC	Limited liability company	Delaware
KW 2016N LLC	Limited liability company	Delaware
KW 2016O LLC	Limited liability company	Delaware
KW 2016P LLC	Limited liability company	Delaware
KW 2016Q LLC	Limited liability company	Delaware
KW 2016R LLC	Limited liability company	Delaware
KW 2016S LLC	Limited liability company	Delaware
KW 2016T LLC	Limited liability company	Delaware
KW 2016U LLC	Limited liability company	Delaware
KW 2016V LLC	Limited liability company	Delaware
KW 2016W LLC	Limited liability company	Delaware
KW 2016X LLC	Limited liability company	Delaware
KW 2016Y LLC	Limited liability company	Delaware
KW 2016Z LLC	Limited liability company	Delaware