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Mortgage Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Mortgage Debt The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of September 30, 2023 and December 31, 2022:
(Dollars in millions)
Carrying amount of
mortgage debt as of (1)
Mortgage Debt by Product TypeRegionSeptember 30, 2023December 31, 2022
Multifamily(1)
Western U.S.$1,672.7 $1,692.9 
Commercial(1)
United Kingdom523.1 637.4 
Commercial(1)
Ireland337.8 370.7 
Commercial Western U.S.265.3 296.6 
CommercialSpain36.2 36.9 
Mortgage debt (excluding loan fees)(1)
2,835.1 3,034.5 
Unamortized loan fees(13.9)(16.5)
Total Mortgage Debt$2,821.2 $3,018.0 
(1) The mortgage debt balances include unamortized debt discount. Debt discount represents the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized as an increase of interest expense for discounts and a reduction of interest expense for premiums over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan discount as of September 30, 2023 and December 31, 2022 was $0.9 million and $0.6 million, respectively.
Schedule of Aggregate Maturities of Mortgage Loans The aggregate maturities of mortgage loans including amortization and the effects of any extension options as of September 30, 2023 are as follows:
(Dollars in millions)Aggregate Maturities
2023 (remainder)(1)
$123.1 
2024105.7 
2025223.6 
2026522.0 
2027405.4 
Thereafter1,456.2 
2,836.0 
Unamortized debt discount(0.9)
Unamortized loan fees(13.9)
Total Mortgage Debt$2,821.2 
(1) The Company is actively negotiating loan extensions and refinances with lenders on these loans.