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Consolidated Statements of Operations and Comprehensive Loss (USD $)
6 Months Ended 12 Months Ended
Dec. 31, 2010
Jun. 25, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue          
Management and leasing fees     $ 12,570,000 $ 8,913,000 $ 9,026,000
Management and leasing fees — related party     14,546,000 12,417,000 10,138,000
Commissions     5,777,000 6,359,000 4,204,000
Commissions — related party     24,183,000 5,375,000 727,000
Sale of real estate     417,000 3,937,000 52,699,000
Sale of real estate — related party     0 9,535,000 6,698,000
Rental and other income     5,140,000 4,000,000 2,743,000
Interest income from loan pool participations and notes receivable     7,886,000 11,855,000 0
Total revenues     62,633,000 50,536,000 86,235,000
Operating Expenses [Abstract]          
Rental operating expenses     3,308,000 1,913,000 1,148,000
Compensation and related expenses     41,129,000 38,155,000 24,789,000
General and administrative     14,455,000 11,314,000 6,351,000
Depreciation and amortization     2,798,000 1,618,000 1,122,000
Amortization     812,000 262,000 917,000
Commission and marketing expenses     3,965,000 3,186,000 3,411,000
Total operating expenses     66,052,000 69,937,000 94,872,000
Equity in joint venture (loss) income     12,507,000 10,548,000 8,019,000
Merger-related general and administrative     0 0 3,652,000
Merger-related compensation and related expenses     0 2,225,000 12,468,000
Cost of real estate sold     397,000 2,714,000 36,179,000
Cost of real estate sold — related party     0 8,812,000 5,752,000
Operating income (loss)     16,974,000 3,002,000 (618,000)
Non-operating income (expense)          
Interest income     285,000 192,000 102,000
Interest income — related party     2,021,000 662,000 400,000
Remeasurement gain     6,348,000 2,108,000 0
Gain on extinguishment of debt     0 16,670,000 0
Loss on extinguishment of debt     0 (4,788,000) 0
Interest     20,507,000 7,634,000 13,174,000
Other than temporary impairment     0 0 (328,000)
Income (loss) before benefit from (provision for) income taxes     5,121,000 10,212,000 (13,618,000)
Benefit from (provision for) income taxes     2,014,000 (3,727,000) 3,961,000
Income (loss) from continuing operations     7,135,000 6,485,000 (9,657,000)
Income from discontinued operations, net of income taxes     8,000 0 0
Gain from sale of real estate     335,000 0 0
Net (loss) income     7,478,000 6,485,000 (9,657,000)
Net (loss) income attributable to the noncontrolling interests     (1,132,000) (2,979,000) (5,679,000)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc.     6,346,000 3,506,000 (15,336,000)
Preferred dividends and accretion of preferred stock issuance costs     (8,744,000) (4,558,000) 0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders     (2,398,000) (1,052,000) (15,336,000)
Other comprehensive income:          
Foreign currency translation     1,508,000 6,434,000 2,407,000
Other comprehensive (loss) income, net of tax     (4,008,000) 6,440,000 2,601,000
Total comprehensive (loss) income     (6,406,000) 5,388,000 (12,735,000)
Basic and diluted (loss) income per share          
Continuing operations, per basic share     $ (0.06) $ (0.03) $ (0.57)
Continuing operations, per diluted share     $ (0.14) $ (0.03) $ (0.57)
Discontinued operations, net of income taxes, per basic share     $ 0.01 $ 0.00 $ 0.00
Discontinued operations, net of tax, per diluted share     $ 0.01 $ 0.00 $ 0.00
Basic (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders     $ (0.05) $ (0.03) $ (0.57)
Weighted average number of common shares outstanding     42,415,770 38,978,272 26,891,304
Dividends declared per common share     $ 0.11 $ 0.00 $ 0.00
Bay Fund Opportunity [Member]
         
Revenue          
Rent     7,711,417 7,293,504 7,355,693
Other Income     831,948 1,083,479 560,141
Total revenues     8,543,365 8,376,983 7,915,834
Operating Expenses [Abstract]          
Property taxes     1,185,142 1,620,627 1,823,090
Association fees     1,850,042 1,820,321 1,809,891
Repairs & maintenance     530,743 516,429 671,141
Management fees     510,427 620,616 621,925
Insurance     56,981 53,871 105,717
General and administrative     68,977 210,182 44,274
Depreciation and amortization     2,277,048 2,273,816 2,273,829
Amortization     184,802 95,626 95,624
Commission and marketing expenses     141,646 145,945 25,345
Letter of credit fees     67,764 72,165 0
Total operating expenses     9,364,978 10,346,431 10,457,354
Non-operating income (expense)          
Interest     2,676,208 3,012,459 3,082,142
Net (loss) income     (821,613) (1,969,448) (2,541,520)
Net (loss) income attributable to the noncontrolling interests     553,885 2,004,070 5,436,077
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc.     (267,728) 34,622 2,894,557
KW Fund III [Member]
         
Revenue          
Dividends     4,026,719 3,325,350 2,593,757
Total investment income     4,610,552 4,008,212 3,231,715
Operating Expenses [Abstract]          
Management fees paid to related party     1,658,333 3,554,005 744,089
Acquisition fees paid to related party     (326,501) (412,487) (496,347)
General and administrative     409,258 335,975 1,188,907
Interest expense - related party (note 4)     0 93,750 20,899
Legal fees       152,761 729,553
Total operating expenses     2,067,591 4,329,720 3,239,683
Operating income (loss)     2,542,961 (321,508) (7,968)
Non-operating income (expense)          
Interest income     583,833 682,862 507,173
Interest income — related party     0 0 130,785
Interest     0 193,229 556,235
Net realized gain on investments     0 0 377,292
Net change in unrealized appreciation on investments     3,796,169 7,116,258 13,674,702
Net (loss) income     6,339,130 6,794,750 14,044,026
KW WDC/Carlsbad [Member]
         
Non-operating income (expense)          
Net (loss) income 6,903,913 (9,880,525) 205,502   (4,010,008)
KW WDC/Carlsbad [Member] | Successor [Member]
         
Revenue          
Rent     11,376,758 11,960,906  
Other Income     1,063,564 974,450  
Total revenues     12,440,322 12,935,356  
Operating Expenses [Abstract]          
Property taxes     1,229,763 1,220,748  
Utilities     1,218,543 1,133,723  
Association fees     14,447 16,054  
Repairs & maintenance     1,140,712 1,151,873  
Management fees paid to related party     482,414 496,681  
Acquisition fees paid to related party     0 442,315  
Insurance     310,985 280,219  
General and administrative     1,091,910 1,119,093  
Depreciation and amortization     2,606,297 4,485,763  
Depreciation and amortization     2,606,297 4,461,879  
Bad debt expense     (27,946) 6,235  
Commission and marketing expenses     121,000 153,016  
Other property operating expenses     307,579 245,546  
Total operating expenses     12,234,820 16,616,669  
Revaluation loss on change in ownership     0 (8,386,821)  
Non-operating income (expense)          
Gain on extinguishment of debt     0 9,091,522  
Interest     3,739,116 5,889,287  
Net (loss) income     205,502 (2,976,612)  
KW WDC/Carlsbad [Member] | Predecessor [Member]
         
Revenue          
Rent         12,369,330
Other Income         541,672
Total revenues         12,911,002
Operating Expenses [Abstract]          
Property taxes         1,643,230
Utilities         1,108,619
Association fees         14,372
Repairs & maintenance         1,396,658
Management fees paid to related party         508,202
Acquisition fees paid to related party         0
Insurance         283,906
General and administrative         773,996
Depreciation and amortization         4,252,744
Depreciation and amortization         4,208,445
Bad debt expense         12,579
Commission and marketing expenses         240,702
Other property operating expenses         165,974
Total operating expenses         16,921,010
Revaluation loss on change in ownership         0
Non-operating income (expense)          
Gain on extinguishment of debt         0
Interest         6,564,327
Net (loss) income         (4,010,008)
KWF Venture VI [Member]
         
Revenue          
Interest income from loan pool participations and notes receivable     3,660,262    
Operating Expenses [Abstract]          
General and administrative     1,236    
Total operating expenses     3,149,164    
Non-operating income (expense)          
Interest     3,147,928    
Net (loss) income     511,098    
Other comprehensive income:          
Foreign currency translation     (3,671,015)    
Other comprehensive (loss) income, net of tax     (3,671,015)    
Total comprehensive (loss) income     (3,159,917)    
KW Residential [Member]
         
Revenue          
Management and leasing fees     0 268,381 115,318
Rent     37,770,902 34,515,674 32,634,808
Total revenues     37,770,902 34,784,055 32,750,126
Operating Expenses [Abstract]          
Rental operating expenses     10,003,392 10,387,147 8,543,655
Compensation and related expenses     1,589,701 2,943,106 2,736,620
General and administrative     3,132,436 2,202,892 2,132,458
Depreciation and amortization     11,604,181 11,115,370 12,020,989
Amortization     3,803,447 4,308,948 5,131,237
Total operating expenses     26,329,710 26,648,515 25,433,722
Operating income (loss)     11,441,192 8,135,540 7,316,404
Non-operating income (expense)          
Gain on extinguishment of debt     0 0 28,319,523
Interest     (12,227,111) (12,234,711) (14,828,431)
Other     296,636 270,432 (3,984,175)
Income (loss) before benefit from (provision for) income taxes     (489,283) (3,828,739) 16,823,321
Benefit from (provision for) income taxes     525,110 657,487 (36,694)
Net (loss) income     (1,014,393) (4,486,226) 16,860,015
Other comprehensive income:          
Foreign currency translation     14,784,853 35,077,607 (4,488,486)
Forward foreign currency loss     (8,838,828) (6,609,056) 0
Other comprehensive (loss) income, net of tax     5,946,025 28,468,551 (4,488,486)
Total comprehensive (loss) income     4,931,632 23,982,325 12,371,529
BASGF [Member]
         
Operating Expenses [Abstract]          
Management fees     674,470 656,242 665,356
General and administrative     106,667 119,170 92,878
Total operating expenses     838,523 827,688 758,234
Equity in joint venture (loss) income     (604,819) (404,058) 1,230,049
Operating income (loss)     (1,443,342) (1,231,746) 471,815
Realized loss on disposition of investment in unconsolidated real estate entity (note 3)     (2,359,686) 0 0
Non-operating income (expense)          
Interest     57,386 52,276 0
Net (loss) income     (3,803,028) (1,231,746) 471,815
KW America and Santee Village [Member]
         
Revenue          
Rent     12,645,562 12,689,501  
Other Income     1,121,312 1,180,277  
Total revenues     13,766,874 13,869,778  
Operating Expenses [Abstract]          
Property taxes     1,801,700 1,936,995  
Utilities     795,273 826,062  
Repairs & maintenance     956,658 973,968  
Management fees     459,237 459,140  
Insurance     243,669 230,619  
General and administrative     1,058,481 1,148,078  
Depreciation and amortization     2,948,110 3,983,070  
Depreciation     2,948,111 3,774,149  
Bad debt expense     (10,578) 3,571  
Commission and marketing expenses     113,482 183,251  
Other property operating expenses     315,962 596,456  
Total operating expenses     16,371,513 18,030,728  
Equity in joint venture (loss) income     977,198 (217,423)  
Revaluation loss on change in ownership     0 (17,499,321)  
Non-operating income (expense)          
Interest     7,689,518 7,689,518  
Net (loss) income (1,965,721) (19,911,973) (1,627,441) (21,877,694) (5,013,944)
SJ Real Estate [Member]
         
Revenue          
Rental and other income     1,678,068 0  
Other Income     130,329 0  
Total revenues     1,808,397 0  
Operating Expenses [Abstract]          
Property taxes     888,929 0  
Property operations     729,732 0  
Management fees     79,000 0  
General and administrative     639,317 50,497  
Depreciation     1,999,540 0  
Amortization     597,960 99,650  
Bad debt expense     500 0  
Other property operating expenses     173,324 0  
Total operating expenses     10,383,587 1,104,897  
Non-operating income (expense)          
Gain on foreclosure     15,385,558 0  
Interest     5,275,785 954,750  
Net (loss) income     6,810,368 (1,104,897)  
One Carlsbad [Member] | KW WDC/Carlsbad [Member]
         
Non-operating income (expense)          
Net (loss) income 3,149,526 0 (531,359)   (707,687)
One Carlsbad [Member] | KW WDC/Carlsbad [Member] | Successor [Member]
         
Revenue          
Rent       1,626,181  
Other Income       36,827  
Total revenues       1,663,008  
Operating Expenses [Abstract]          
Property taxes       183,579  
Utilities       67,165  
Association fees       16,054  
Repairs & maintenance       225,935  
Management fees paid to related party       46,871  
Acquisition fees paid to related party       0  
Insurance       27,740  
General and administrative       120,071  
Depreciation and amortization       712,344  
Depreciation and amortization       688,460  
Bad debt expense       0  
Commission and marketing expenses       5,917  
Other property operating expenses       0  
Total operating expenses       2,013,482  
Revaluation loss on change in ownership       0  
Non-operating income (expense)          
Gain on extinguishment of debt       3,500,000  
Interest       631,690  
Net (loss) income       3,149,526  
Santee Village [Member] | KW America and Santee Village [Member]
         
Revenue          
Rent       0  
Other Income       0  
Total revenues       0  
Operating Expenses [Abstract]          
Property taxes       0  
Utilities       0  
Repairs & maintenance       0  
Management fees       0  
Insurance       0  
General and administrative       0  
Depreciation and amortization       0  
Depreciation       0  
Bad debt expense       0  
Commission and marketing expenses       0  
Other property operating expenses       0  
Total operating expenses       0  
Equity in joint venture (loss) income       (217,423)  
Revaluation loss on change in ownership       0  
Non-operating income (expense)          
Interest       0  
Net (loss) income (217,423) 0 977,198 (217,423) 0
KW America [Member] | KW America and Santee Village [Member]
         
Non-operating income (expense)          
Net (loss) income (1,748,298) (19,911,973) (2,604,639)   (5,013,944)
KW America [Member] | KW America and Santee Village [Member] | Successor [Member]
         
Revenue          
Rent 6,380,477        
Other Income 577,548        
Total revenues 6,958,025        
Operating Expenses [Abstract]          
Property taxes 910,777        
Utilities 476,891        
Repairs & maintenance 494,446        
Management fees 231,364        
Insurance 119,902        
General and administrative 579,594        
Depreciation and amortization 1,435,520        
Depreciation 1,226,602        
Bad debt expense (3,349)        
Commission and marketing expenses 85,510        
Other property operating expenses 514,689        
Total operating expenses 8,706,323        
Equity in joint venture (loss) income 0        
Revaluation loss on change in ownership 0        
Non-operating income (expense)          
Interest 3,860,979        
Net (loss) income (1,748,298)        
KW America [Member] | KW America and Santee Village [Member] | Predecessor [Member]
         
Revenue          
Rent   6,309,024     13,105,319
Other Income   602,729     617,299
Total revenues   6,911,753     13,722,618
Operating Expenses [Abstract]          
Property taxes   1,026,218     1,991,407
Utilities   349,171     769,885
Repairs & maintenance   479,522     1,343,749
Management fees   227,776     465,668
Insurance   110,717     233,453
General and administrative   568,483     691,531
Depreciation and amortization   2,547,550     4,961,580
Depreciation   2,547,547     4,961,580
Bad debt expense   6,920     177,989
Commission and marketing expenses   97,741     276,107
Other property operating expenses   81,767     135,674
Total operating expenses   9,324,405     18,736,562
Equity in joint venture (loss) income   0     0
Revaluation loss on change in ownership   (17,499,321)     0
Non-operating income (expense)          
Interest   3,828,539     7,689,519
Net (loss) income   (19,911,973)     (5,013,944)
KW WDC Portfolio [Member] | KW WDC/Carlsbad [Member]
         
Non-operating income (expense)          
Net (loss) income 3,754,387 (9,880,525) 736,861   (3,302,321)
KW WDC Portfolio [Member] | KW WDC/Carlsbad [Member] | Successor [Member]
         
Revenue          
Rent 5,123,097        
Other Income 491,096        
Total revenues 5,614,193        
Operating Expenses [Abstract]          
Property taxes 398,238        
Utilities 579,349        
Association fees 0        
Repairs & maintenance 480,259        
Management fees paid to related party 225,095        
Acquisition fees paid to related party 442,315        
Insurance 122,204        
General and administrative 517,910        
Depreciation and amortization 2,128,829        
Depreciation and amortization 2,128,829        
Bad debt expense 2,983        
Commission and marketing expenses 61,194        
Other property operating expenses 133,199        
Total operating expenses 7,451,328        
Revaluation loss on change in ownership 0        
Non-operating income (expense)          
Gain on extinguishment of debt 5,591,522        
Interest 2,359,754        
Net (loss) income 3,754,387        
KW WDC Portfolio [Member] | KW WDC/Carlsbad [Member] | Predecessor [Member]
         
Revenue          
Rent   5,211,628      
Other Income   446,527      
Total revenues   5,658,155      
Operating Expenses [Abstract]          
Property taxes   638,931      
Utilities   487,209      
Association fees   0      
Repairs & maintenance   445,679      
Management fees paid to related party   224,715      
Acquisition fees paid to related party   0      
Insurance   130,275      
General and administrative   481,113      
Depreciation and amortization   1,644,590      
Depreciation and amortization   1,644,590      
Bad debt expense   3,252      
Commission and marketing expenses   85,905      
Other property operating expenses   112,347      
Total operating expenses   7,151,859      
Revaluation loss on change in ownership   (8,386,821)      
Non-operating income (expense)          
Gain on extinguishment of debt   0      
Interest   2,897,843      
Net (loss) income   $ (9,880,525)