MORTGAGE DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Mortgage Loans Payable

The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2019 and 2018:

(Dollars in millions)		Carrying amount of mortgage debt as of December 31,(1)
Mortgage Debt by Product Type	Region	2019			2018
Multifamily(1)	Western U.S.	$	1,324.7		$	1,286.2
Commercial(1)	United Kingdom	514.5			499.6
Commercial	Western U.S.	405.4			385.3
Commercial(1)	Ireland	289.6			438.9
Hotel	Ireland	80.8			82.5
Commercial	Spain	40.3			90.1
Multifamily(1)	Ireland	—			147.8
Hotel	Western U.S.	—			37.9
Mortgage debt (excluding loan fees)(1)		2,655.3			2,968.3
Unamortized loan fees		(14.3		)	(18.0		)
Total Mortgage Debt		$	2,641.0		$	2,950.3

⁽¹⁾ The mortgage debt payable 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 net unamortized loan premium as of December 31, 2019 and 2018 was $4.0 million and $1.9 million, respectively.

Schedule of Maturities of Mortgage Loans and Notes Payable

The aggregate maturities of mortgage loans subsequent to December 31, 2019 are as follows:

(Dollars in millions)	Aggregate Maturities
2020(1)	$	116.2
2021	167.3
2022	298.0
2023	383.8
2024	201.2
Thereafter	1,484.8
	2,651.3
Unamortized debt premium	4.0
Unamortized loan fees	(14.3		)
Total Mortgage Debt	$	2,641.0

⁽¹⁾ The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on our A&R Facility.