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Mortgage Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Mortgage Loans Payable The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of September 30, 2020 and December 31, 2019:
(Dollars in millions)
Carrying amount of
mortgage debt as of (1)
Mortgage Debt by Product TypeRegionSeptember 30, 2020December 31, 2019
Multifamily(1)
Western U.S.$1,378.3 $1,324.7 
Commercial(1)
United Kingdom349.3 514.5 
Commercial(1)
Ireland301.2 289.6 
Commercial Western U.S.377.5 405.4 
CommercialSpain41.8 40.3 
HotelIreland84.4 80.8 
Mortgage debt (excluding loan fees)(1)
2,532.5 2,655.3 
Unamortized loan fees(12.4)(14.3)
Total Mortgage Debt$2,520.1 $2,641.0 
(1) The mortgage debt balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized as a reduction of 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 September 30, 2020 and December 31, 2019 was $3.5 million and $4.0 million, respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable The aggregate maturities of mortgage loans as of September 30, 2020 are as follows:
(Dollars in millions)Aggregate Maturities
2020 (remainder)$13.5 
202188.5 
2022310.2 
2023387.2 
2024164.0 
Thereafter1,565.6 
2,529.0 
Unamortized debt premium3.5 
Unamortized loan fees(12.4)
Total Mortgage Debt

$2,520.1