KW UNSECURED DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt KW Unsecured Debt

The following table details KW unsecured debt as of December 31, 2021 and 2020:

	December 31,
(Dollars in millions)	2021		2020
Credit Facility	$	75.0	$	200.0
Senior Notes(1)	1,803.9		1,146.9
KW Unsecured Debt	1,878.9		1,346.9
Unamortized loan fees	(26.6)		(14.7)
Total KW Unsecured Debt	$	1,852.3	$	1,332.2

(1) The senior notes 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 debt premium as of December 31, 2021 was $3.9 million and a debt discount of $3.1 million as of December 31, 2020.

The following table details the KWE unsecured bonds as of December 31, 2021 and 2020:

	December 31,
(Dollars in millions)	2021		2020
KWE Bonds	$	—	$	504.7
KWE Euro Medium Term Note Programme	624.1		669.7
KWE Unsecured Bonds (excluding loan fees)(1)	624.1		1,174.4
Unamortized loan fees	(1.3)		(1.9)
Total KWE Unsecured Bonds	$	622.8	$	1,172.5

(1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt 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 discount as of December 31, 2021 and 2020 was $2.1 million and $2.8 million, respectively.