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MORTGAGE DEBT (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020:
(Dollars in millions)
Carrying amount of mortgage debt as of December 31,(1)
Mortgage Debt by Product TypeRegion20212020
Multifamily(1)
Western U.S.$1,493.1 $1,345.5 
Commercial(1)
United Kingdom683.8 429.6 
Commercial Western U.S.351.0 375.2 
Commercial(1)
Ireland327.3 320.5 
HotelIreland82.0 88.0 
CommercialSpain40.4 43.6 
Mortgage debt (excluding loan fees)(1)
2,977.6 2,602.4 
Unamortized loan fees(17.8)(12.6)
Total Mortgage Debt$2,959.8 $2,589.8 
(1) The mortgage debt payable balances include unamortized debt premiums. Debt premiums 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 net unamortized loan premium as of December 31, 2021 and 2020 was $2.5 million and $4.5 million, respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable
The aggregate maturities of mortgage loans subsequent to December 31, 2021 are as follows:
(Dollars in millions)Aggregate Maturities
2022(1)
$17.4 
2023374.8 
2024513.9 
2025482.4 
2026478.2 
Thereafter1,108.4 
2,975.1 
Unamortized debt premium2.5 
Unamortized loan fees(17.8)
Total Mortgage Debt$2,959.8 
(1) The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on our A&R Facility.