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MORTGAGE DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021:
(Dollars in millions)
Carrying amount of mortgage debt as of December 31,(1)
Mortgage Debt by Product TypeRegion20222021
Multifamily(1)
Western U.S.$1,692.9 $1,493.1 
Commercial(1)
United Kingdom637.4 683.8 
Commercial Western U.S.296.6 351.0 
Commercial(1)
Ireland370.7 327.3 
HotelIreland— 82.0 
CommercialSpain36.9 40.4 
Mortgage debt (excluding loan fees)(1)
3,034.5 2,977.6 
Unamortized loan fees(16.5)(17.8)
Total Mortgage Debt$3,018.0 $2,959.8 
(1) The mortgage debt payable balances include unamortized debt discount or premiums. Debt discount or premiums 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 discount as of December 31, 2022 was $0.6 million and the unamortized debt premium as of December 31, 2021 was $2.5 million.
Schedule of Maturities of Mortgage Loans and Notes Payable
The aggregate maturities of mortgage loans subsequent to December 31, 2022 are as follows:
(Dollars in millions)Aggregate Maturities
2023(1)
$247.9 
2024186.2 
2025359.9 
2026573.4 
2027378.1 
Thereafter1,289.6 
3,035.1 
Unamortized debt discount(0.6)
Unamortized loan fees(16.5)
Total Mortgage Debt$3,018.0 
(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 the Company's Second A&R Facility.