MORTGAGE DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Mortgage Loans Payable

The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2017 and 2016:

(Dollars in millions)		Carrying amount of investment debt as of December 31,(1)
Investment Debt by Product Type	Region	2017			2016
Multifamily(1)	Western U.S.	$	1,227.5		$	1,180.8
Commercial(1)(2)	United Kingdom	583.2			616.9
Commercial(1)(2)	Ireland	505.0			331.5
Commercial	Western U.S.	370.6			290.2
Multifamily(1)(2)	Ireland	263.2			159.3
Commercial(2)	Spain	95.5			84.4
Hotel	Ireland	86.4			75.7
Hotel	Western U.S.	49.1			49.8
Mortgage debt (excluding loan fees)(1)(2)		3,180.5			2,788.6
Unamortized loan fees		(23.9		)	(18.2		)
Total Investment Debt		$	3,156.6		$	2,770.4

⁽¹⁾The investment debt payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan premium as of December 31, 2017 and 2016 was $2.4 million and $5.0 million, respectively.

⁽²⁾KWE is a wholly-owned subsidiary as of December 31, 2017. Kennedy Wilson owned approximately 23.6% of the total issued share capital of KWE as of December 31, 2016.

Schedule of Maturities of Mortgage Loans and Notes Payable

The aggregate maturities of mortgage loans subsequent to December 31, 2017 are as follows:

(Dollars in millions)	Aggregate Maturities
2018	$	67.7
2019	356.6
2020	164.3
2021	159.4
2022	434.9
Thereafter	1,995.2
	3,178.1
Debt premium	2.4
Unamortized loan fees	(23.9		)
Total Investment Debt	$	3,156.6