MORTGAGE LOANS AND NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2013

Debt Instrument [Line Items]

Schedule of Mortgage Loans Payable

(Dollars in millions)			December 31, 2013						December 31, 2012
					Unamortized						Unamortized
	Interest Rate	Maturity Date	Face Value		Net Premium/(Discount)		Carrying Value		Face Value		Net Premium/(Discount)		Carrying Value
2042 Notes	7.75%	12/1/2042	$	55.0	$	—	$	55.0	$	55.0	$	—	$	55.0
2019 Notes	8.75%	4/1/2019	350.0		4.0		354.0		350.0		4.6		354.6
Senior Notes			$	405.0	$	4.0	$	409.0	$	405.0	$	4.6	$	409.6

Schedule of Maturities of Mortgage Loans and Notes Payable

The aggregate maturities of mortgage loans and notes payable subsequent to December 31, 2013 are as follows :

(Dollars in millions)
2014	$	38.7
2015	19.2
2016	43.8
2017	32.0
2018	22.3
Thereafter	246.4
	402.4
Debt premium	5.3
	$	407.7

Mortgage Loans Payable [Member]

Debt Instrument [Line Items]

Schedule of Mortgage Loans Payable

Mortgage loans at December 31, 2013 and 2012 consist of the following:

(Dollars in millions)		Carrying amount of mortgage notes as of December 31, (1)
Property Pledged as Collateral	Region	2013		2012
Notes receivable	United Kingdom	$	—	$	78.7
Commercial	Western U.S.	110.4		54.3
Multi-family property (1)	Western U.S.	261.0		97.6
Residential	Western U.S.	28.0		—
Commercial	Japan	2.4		—
Total mortgage loans payable		401.8		230.6
Notes Payable	Western U.S.	5.9		5.9
Total notes payable		5.9		5.9
Total mortgage and notes payable		$	407.7	$	236.5

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⁽¹⁾ The mortgage loan payable balances include unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over 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 loan premium as of December 31, 2013 and 2012 was $5.3 million and $2.3 million