Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation Disclosure [Text Block]

Kennedy-Wilson Holdings, Inc. and Subsidiaries

Schedule III—Real Estate and Accumulated Depreciation

December 31, 2011

(Dollars in thousands)

			Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Balance at December 31, 2011
Description	Encumbrances		Land		Building & Improvements		Improvements		Carrying Costs		Land		Building & Improvements		Total		Accumulated Depreciation			Depreciable Life in Years	Date of Construction	Date Acquired
Commercial
Hotel, Palm Springs, CA	$	—	$	1,089,000	$	1,918,000	$	49,000			$	1,105,000	$	1,951,000	$	3,056,000	$	(35,000	)	39 yrs	N/A	2011
Office/Warehouse, Las Vegas, NV	2,134,000		1,133,000		1,908,000		11,000				1,137,000		1,915,000		3,052,000		(49,000		)	39 yrs	N/A	2011
Retail, Las Vegas, NV	615,000		364,000		444,000		13,000				370,000		451,000		821,000		(12,000		)	39 yrs	N/A	2011
Commercial building, Oakland, CA	12,000,000		6,212,000		15,049,000		24,000		—		6,212,000		15,073,000		21,285,000		(177,000		)	39 yrs	2007	2011
Commercial building, Tokyo, Japan	—		3,970,000		3,230,000		2,618,000		—		5,468,000		4,350,000		9,818,000		(562,000		)	37 yrs	2007	2008
Commercial building, Carlsbad, CA	—		495,000		257,000		5,000		—		495,000		262,000		757,000		(6,000		)	37 yrs	1983	2010
Multifamily
204-unit Apartment building, Lompoc, CA	14,357,000		5,329,000		20,150,000		404,000		—		5,329,000		20,554,000		25,883,000		(4,070,000		)	39 yrs	1986	2008
Residential
Single family home, Kona, Hi	—		4,111,000		4,250,000		363,000		—		4,474,000		4,250,000		8,724,000		(335,000		)	39 yrs	2008	2008
Condominium units, Seattle, Wa	—		—		2,325,000		—		—		—		2,325,000		2,325,000		—				2007	2010
Land
Single family home lot, Kona, Hi	1,642,000		2,314,000		—		13,000				2,327,000		—		2,327,000		—			N/A	N/A	2011
Single family home lot, Kona, Hi	—		4,101,000		—		—		—		4,101,000		—		4,101,000		—			N/A	N/A	2010
2700 acres, Oahu, Hi	—		31,741,000		3,753,000		3,672,000		—		34,888,000		4,278,000		39,166,000		(189,000		)	N/A	1912	2010
	$	30,748,000	$	60,859,000	$	53,284,000	$	7,172,000	$	—	$	65,906,000	$	55,409,000	$	121,315,000	$	(5,435,000	)

See accompanying report of independent registered public accounting firm.

Kennedy-Wilson Holdings, Inc. and Subsidiaries

Schedule III—Real Estate and Accumulated Depreciation

December 31, 2011, 2009, and 2008

(Dollars in thousands)

Changes in real estate for the years ended December 31 were as follows:

	For the year ended December 31,
	2011			2010			2009
Balance at the beginning of period	$	86,707,000		$	46,123,000		$	50,883,000
Additions during the period:
Improvements	—			—			111,000
Acquisitions	42,255,000			52,228,000			35,689,000
Deductions during the period:
Dispositions	(7,647,000		)	(11,644,000		)	(40,560,000		)
Balance at close of period	$	121,315,000		$	86,707,000		$	46,123,000

Changes in accumulated depreciation for the years ended December 31 were as follows:

	For the year ended December 31,
	2011		2010			2009
Balance at the beginning of period	$	4,006,000	$	3,070,000		$	2,156,000
Additions during the period:
Depreciation expense	1,429,000		1,339,000			914,000
Deductions during the period:
Dispositions	—		(403,000		)	—
Balance at close of period	$	5,435,000	$	4,006,000		$	3,070,000

See accompanying report of independent registered public accounting firm.