Kennedy-Wilson (KW) 10-K 29 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Kennedy-Wilson Holdings, Inc.
Entity Central Index Key	1,408,100
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		114,409,152
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 2,775,789,503

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 182.6	$ 174.6
Cash held by consolidated investments	549	763.1
Accounts receivable (including $22.9 and $18.0 of related party)	54.7	55.6
Loan purchases and originations (including $0 and $0 of related party)	299.7	313.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	5,797.5	4,228.1
Unconsolidated investments ($212.8 and $85.9, respectively, accounted for at fair value)	444.9	492.2
Other assets	311.7	305.1
Total assets	7,640.1	6,332.1
Liabilities
Accounts payable	22.2	11.7
Accrued expenses and other liabilities	392	253.2
Long-term debt	4,400	3,000
Total liabilities	4,775	3,288.2
Equity
Cumulative preferred stock, $0.0001 par value: 1,000,000 shares authorized $1,000 per share liquidation preference	0	0
Common Stock, 114,533,581 and 96,091,446 shares issued outstanding as of December 31, 2015 and December 31, 2014	0	0
Additional paid-in capital	1,225.7	991.3
Accumulated deficit	(44.2)	(62)
Accumulated other comprehensive loss	(47.7)	(28.2)
Total Kennedy-Wilson Holdings, Inc. shareholders’ equity	1,133.8	901.1
Noncontrolling interests	1,731.3	2,142.8
Total equity	2,865.1	3,043.9
Total liabilities and equity	7,640.1	6,332.1
Investment Debt [Member]
Liabilities
Long-term debt	3,658.2	2,195.9
Senior Notes [Member]
Liabilities
Long-term debt	702.6	702.4
Line of Credit [Member]
Liabilities
Long-term debt	$ 0	$ 125

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable, related party	$ 22.9	$ 18
Loans, related party	0	0
Unconsolidated investments, fair value	$ 212.8	$ 85.9
Cumulative preferred stock, liquidation preference (in dollars per share)	$ 1,000
Common stock, shares issued (in shares)	114,533,581	96,091,446
Common stock, shares outstanding (in shares)	114,533,581	96,091,446
Cumulative Preferred Stock [Member]
Cumulative preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Cumulative preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Cumulative preferred stock, liquidation preference (in dollars per share)	$ 1,000	$ 1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue
Rental									$ 404.8	$ 206.9	$ 40.3
Hotel									106.4	63.3	2.7
Sale of real estate									3.7	28.4	10.1
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									69.3	82.6	68.1
Loan purchases, loan originations, and other									19.5	17.4	1.9
Total revenue	$ 166.3	$ 159.2	$ 140.5	$ 137.7	$ 141.6	$ 113.7	$ 91.9	$ 51.4	603.7	398.6	123.1
Operating expenses
Rental operating									108	59.3	16.7
Hotel operating									89.9	57.1	2.2
Cost of real estate sold									2.6	20.7	7.9
Commission and marketing									7.3	5.6	3.6
Compensation and related									154.8	113.8	76.7
General and administrative									43.8	42.1	24.6
Depreciation and amortization									166.3	104.5	17.4
Total operating expenses	164.9	144.5	141.9	121.4	139.6	114.2	88.5	60.8	572.7	403.1	149.1
Income from unconsolidated investments									97.4	54.2	41.4
Operating income	54.7	30.6	15.6	27.5	10.3	11.6	34.4	(6.6)	128.4	49.7	15.4
Non-operating income (expense)
Gain on sale of real estate									72.4	0	0
Acquisition-related gains									108.1	218.1	56.6
Acquisition-related expenses									(37.3)	(19.7)	(1.6)
Interest expense - investment									(108.8)	(46.3)	(11.8)
Interest expense - corporate									(46.9)	(57.1)	(39.9)
Loss on early extinguishment of corporate debt									(1)	(27.3)	0
Other (expense) income									(2.5)	5.1	(1.9)
Income before provision for income taxes	49.2	9.6	66	(12.4)	(28.9)	3.6	89.1	58.6	112.4	122.5	16.8
Provision for income taxes	(20.9)	(4.5)	(36.1)	8.1	8.4	(6.6)	(25.4)	(8.8)	(53.4)	(32.4)	(2.9)
Net income	28.3	5.1	29.9	(4.3)	(20.5)	(3)	63.7	49.8	59	90.1	13.9
Net loss (income) attributable to the noncontrolling interests	0.7	10.3	1.9	2.8	(8.2)	2.8	(25.3)	(37.4)	15.7	(68.2)	(20.3)
Preferred stock dividends and accretion of issuance costs	(0.5)	(0.5)	(0.6)	(2)	(2)	(2)	(2.1)	(2)	(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 28.5	$ 14.9	$ 31.2	$ (3.5)	$ (30.7)	$ (2.2)	$ 36.3	$ 10.4	$ 71.1	$ 13.8	$ (14.5)
Basic Earnings per share
Income (loss) per basic (in dollars per share)	$ 0.25	$ 0.13	$ 0.29	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.39	$ 0.12	$ 0.66	$ 0.14	$ (0.21)
Weighted average shares outstanding for basic (in shares)									103,261,513	89,200,855	71,159,919
Diluted Earnings per share
Income (loss) per diluted (in dollars per share)	$ 0.25	$ 0.13	$ 0.27	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.38	$ 0.12	$ 0.66	$ 0.14	$ (0.21)
Weighted average shares outstanding for diluted (in shares)									109,553,728	91,555,214	71,159,919
Dividends declared per common share (in dollars per share)									$ 0.48	$ 0.36	$ 0.28

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Related party fees	$ 37.8	$ 57.4	$ 46

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 28.3	$ 5.1	$ 29.9	$ (4.3)	$ (20.5)	$ (3)	$ 63.7	$ 49.8	$ 59	$ 90.1	$ 13.9
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0.1	(0.2)	0
Unrealized foreign currency translation loss									(138.3)	(46.4)	(9.3)
Amounts reclassified from accumulated other comprehensive income									9.7	(7.1)	2.8
Unrealized foreign currency derivative contracts gain									6.3	16.3	3.1
Total other comprehensive loss for the period									(122.2)	(37.4)	(3.4)
Comprehensive (loss) income									(63.2)	52.7	10.5
Comprehensive income attributable to noncontrolling interests									118.4	(15.6)	(20.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									$ 55.2	$ 37.1	$ (9.8)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Kennedy Wilson Europe Real Estate, Pllc [Member]	Kennedy Wilson Europe Real Estate, Pllc [Member]Additional Paid-in Capital [Member]	Kennedy Wilson Europe Real Estate, Pllc [Member]Noncontrolling Interest [Member]
Balance, preferred shares (in shares) at Dec. 31, 2012		132,550
Balance at Dec. 31, 2012	$ 518.8	$ 0	$ 0	$ 512.8	$ (5.9)	$ 12.6	$ (9.8)	$ 9.1
Balance, common shares (in shares) at Dec. 31, 2012			63,772,598
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants into common shares (in shares)			1,771,862
Exercise of warrants into common shares	15.4			15.4
Repurchase of warrants	$ (1.4)			(1.4)
Issuance of common stock (in shares)	17,250,000		17,250,000
Issuance of common stock	$ 275.9			275.9
Retirement of common shares held in treasury	$ 0			(9.8)			9.8
Issuance of 136,600 shares of common stock under amended and restated equity participation plan net of 146,638 shares forfeited (in shares)			(10,038)
Shares forfeited (in shares)	(146,638)
Shares retired due to RSG Vesting (in shares)			(191,815)
Shares retired due to RSG Vesting	$ (3.8)			(3.8)
Stock based compensation	7.5			7.5
RSG plan modification	4.7			4.7
Other comprehensive income (loss)
Unrealized foreign currency translation loss, net of tax	(6.5)					(6.5)
Unrealized foreign currency derivative contract gain, net of tax	3.1					3.1
Unrealized losses on marketable securities, net of tax	0
Preferred stock dividends	(8.1)				(8.1)
Common stock dividends	(21.8)				(21.8)
Net income	13.9				(6.4)			20.3
Consolidation of noncontrolling interests	20.3							20.3
Contributions from noncontrolling interests	1.4							1.4
Distributions to noncontrolling interests	(0.5)							(0.5)
Balance, preferred shares (in shares) at Dec. 31, 2013		132,550
Balance at Dec. 31, 2013	818.9	$ 0	$ 0	801.3	(42.2)	9.2	0	50.6
Balance, common shares (in shares) at Dec. 31, 2013			82,592,607
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants into common shares (in shares)			1,472,146
Issuance of common stock (in shares)			9,201,250
Issuance of common stock	190.6			190.6
Shares granted (in shares)			3,147,500
Shares forfeited (in shares)			(2,475)
Shares forfeited	0			0
Shares retired due to RSG Vesting (in shares)			(319,582)
Shares retired due to RSG Vesting	(8.1)			(8.1)
Stock based compensation	15.8			15.8
Other comprehensive income (loss)
Unrealized foreign currency translation loss, net of tax	(141.1)					(46.7)		(94.4)
Unrealized foreign currency derivative contract gain, net of tax	20.1					9.5		10.6
Unrealized losses on marketable securities, net of tax	(0.2)					(0.2)
Preferred stock dividends	(8.1)				(8.1)	0
Common stock dividends	(33.6)				(33.6)
Net income	90.1				21.9			68.2
Consolidation of noncontrolling interests	291.8							291.8
Acquisition of Kennedy Wilson Europe (KWE) shares from noncontrolling interest holders	(51.1)							(51.1)
Contributions from noncontrolling interests	30.9							30.9	$ 1,885.6	$ (8.3)	$ 1,893.9
Distributions to noncontrolling interests	(57.7)							(57.7)
Balance, preferred shares (in shares) at Dec. 31, 2014		132,550
Balance at Dec. 31, 2014	$ 3,043.9	$ 0	$ 0	991.3	(62)	(28.2)	0	2,142.8
Balance, common shares (in shares) at Dec. 31, 2014	96,091,446		96,091,446
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			8,625,000
Issuance of common stock	$ 215			215
Shares granted (in shares)			1,754,750
Shares forfeited (in shares)			(57,148)
Shares retired due to RSG Vesting (in shares)			(435,415)
Shares retired due to RSG Vesting	(11.4)			(11.4)
Conversion of preferred stock to common stock (in shares)		(100,000)	8,554,948
Stock based compensation	30.8			30.8
Other comprehensive income (loss)
Unrealized foreign currency translation loss, net of tax	(119.5)					(27.5)		(92)
Unrealized foreign currency derivative contract gain, net of tax	(2.7)					8		(10.7)
Unrealized losses on marketable securities, net of tax	0.1
Preferred stock dividends	(3.6)				(3.6)
Common stock dividends	(53.3)				(53.3)
Net income	59				74.7			(15.7)
Acquisition of Kennedy Wilson Europe (KWE) shares from noncontrolling interest holders	(68.4)							(68.4)
Contributions from noncontrolling interests	14.5							14.5
Distributions to noncontrolling interests	(239.2)							(239.2)
Balance, preferred shares (in shares) at Dec. 31, 2015		32,550
Balance at Dec. 31, 2015	$ 2,865.1	$ 0	$ 0	$ 1,225.7	$ (44.2)	$ (47.7)	$ 0	$ 1,731.3
Balance, common shares (in shares) at Dec. 31, 2015	114,533,581		114,533,581

Consolidated Statement of Equit

Consolidated Statement of Equity (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2013USD ($)Warrantshares
Number of warrants repurchased (in shares) | Warrant	427,332
Issuance of common stock (in shares)	17,250,000
Issuance of common shares under amended and restated equity plan (in shares)	136,600
Shares forfeited (in shares)	146,638
Other comprehensive income (loss), net of tax:
Foreign currency translation, tax | $	$ 4.4
Forward foreign currency loss, tax | $	$ 2.1
Common Stock [Member]
Issuance of common stock (in shares)	17,250,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income		$ 59	$ 90.1	$ 13.9
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net gain from sale of real estate		(70.7)	(7.7)	(2.7)
Acquisition-related gains		(108.1)	(218.1)	(56.6)
Depreciation and amortization		166.3	104.5	17.4
Provision for deferred income taxes		24.4	28.2	2.7
Amortization of deferred loan costs		8.2	4.1	2.2
Amortization of discount and accretion of premium on issuance of the senior notes payable		(8.6)	(14.5)	(1.2)
Unrealized net losses on derivatives		3.4	2.3	0
Income from unconsolidated investments		(106.1)	(55.1)	(42.2)
Stock compensation expense		30.8	15.8	7.5
Operating distributions from unconsolidated investments		88.5	88.8	67.7
Change in assets and liabilities:
Accounts receivable		2	(28.6)	10.7
Other assets		(14.2)	(23.1)	(1.4)
Accrued expenses and other liabilities		103.3	111.4	13.3
Net cash provided by operating activities		178.2	98.1	31.3
Cash flows from investing activities:
Additions to loans		(235.8)	(536.8)	(61.7)
Collections of loans		27.8	95.9	46
Sale of participation interests		0	0	6.6
Capitalized development costs		0	0	(1.4)
Nonrefundable escrow deposits		(3.8)	(47.7)	(4)
Net proceeds from sale of real estate		622.6	24.7	10.1
Purchases of and additions to real estate		(1,927.6)	(1,962.2)	(168.5)
Investment in marketable securities		(5)	(11.5)	(3.7)
Short-term investments				10
Proceeds from sale of marketable securities		6.2	8.6
Investing distributions from unconsolidated investments		180	111.8	175.4
Contributions to unconsolidated investments		(184.3)	(167.7)	(357.6)
Proceeds from settlement of foreign currency derivative contracts		41.5	14.4	0
Purchases of foreign currency derivative contracts		(5.2)	(2.7)	0
Net cash used in investing activities		(1,483.6)	(2,473.2)	(348.8)
Cash flow from financing activities:
Borrowings under senior notes payable		0	647.2	0
Repayment of senior notes payable		0	(350)	0
Repayments of junior subordinated debt		0	(40)	0
Borrowings under lines of credit		95	215	125
Repayment of lines of credit		(220)	(90)	(125)
Borrowings under investment debt		2,087.9	1,283.8	112.5
Repayment of investment debt		(681.1)	(345.8)	(1.7)
Debt issue costs		(21.7)	(38.7)	(2.2)
Issuance of common stock		215	190.6	275.9
Repurchase of common stock		(11.4)	(8.2)	(3.8)
Repurchase of warrants		0		(1.4)
Exercise of warrants		0	0	15.4
Proceeds from the issuance of KWE shares, net		0	1,827.2	0
Dividends paid		(51.8)	(38.9)	(24.1)
Acquisition of noncontrolling interests		(68.4)	(51)
Contributions from noncontrolling interests		14.5	19.9	1.4
Distributions to noncontrolling interests		(239.2)	(57.7)	(0.6)
Net cash provided by financing activities		1,118.8	3,163.4	371.4
Effect of currency exchange rate changes on cash and cash equivalents		(19.5)	(28.8)	3.4
Net change in cash and cash equivalents		(206.1)	759.5	57.3
Cash and cash equivalents, beginning of year		937.7	178.2	120.9
Cash and cash equivalents, end of year		731.6	937.7	178.2
Supplemental cash flow information:
Interest	[1]	133.5	98.9	49.7
Income taxes		$ 3	$ 0.3	$ 2.3
[1]	Cash paid for interest includes capitalized interest of $0.2 million, $0.0 million, and $0.8 million for the years ended December 31, 2015, 2014, and 2013.

Consolidated Statements of Ca10

Consolidated Statements of Cash Flows (Parenthetical) ft² in Thousands, $ in Millions	May. 19, 2015$ / sharesshares	Feb. 28, 2014Property	Sep. 30, 2013retail_center	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)ft²aUnitshares	Dec. 31, 2013USD ($)Unitshares
Acquisition-related gains				$ 108.1	$ 218.1	$ 56.6
Equity method investment, ownership percentage					25.00%
Decrease from deconsolidation of notes receivable						96
Decrease from deconsolidation of mortgage loans						78.7
Cash paid for interest				0.2	$ 0	$ 0.8
Notes Receivable [Member] | Note Receivable Due December 2016 Secured by Shopping Center with 107 Residential Units in the United Kingdom [Member]
Number of units | Unit						107
Note receivable, ownership percentage sold						50.00%
Retail Acquired in California [Member]
Square footage of acquired office portfolio | ft²					133
Vacant Lot Acquired in California [Member]
Acres in lot acquired by foreclosure | a					2.4
615 Unit Apartment Complex in Northern CA [Member]
Number of units | Unit					750
750 Unit Multifamily Property in Western US [Member]
Equity method investment, ownership percentage					42.00%
Cumulative percentage of ownership after all transactions					87.00%
Kennedy Wilson Europe Real Estate, Pllc [Member]
Interest contributed as part of initial public offering		50.00%
Number of properties | Property		14
Western United States [Member]
Number of retail centers consolidated | retail_center			3
Multifamily and Commercial [Member] | Western United States [Member]
Acquisition-related gains				$ 108.1
Cumulative Preferred Stock Subject to Mandatory Redemption [Member]
Preferred stock outstanding (in shares) | shares				32,550	132,550	132,550
Common Stock [Member]
Shares of stock converted (in shares) | shares	8,554,948
Par value (in dollars per share) | $ / shares	$ 0.0001
Stock conversion price (in dollars per share) | $ / shares	$ 11.69
Series A Preferred Stock [Member] | Cumulative Preferred Stock Subject to Mandatory Redemption [Member]
Preferred stock outstanding (in shares) | shares	100,000

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Kennedy-Wilson Holdings, Inc. (“KWH,” NYSE: KW), a Delaware corporation, and its wholly owned subsidiaries (collectively the "Company" or "Kennedy Wilson") and its consolidated subsidiaries (including KWE as defined below), collectively "KW Group", is a global real estate investment company. We own, operate, and invest in real estate both on our own and through our investment management platform. We focus on multifamily and commercial properties located in the Western U.S., UK, Ireland, Spain, Italy and Japan. To complement our investment business, the Company also provides real estate services primarily to financial services clients.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION — The consolidated financial statements include the accounts of KW Group and voting interest entities which it controls. All significant intercompany balances and transactions have been eliminated in consolidation. In addition, Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIE") as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 – Consolidation and to assess whether it is the primary beneficiary of such entities. In determining whether Kennedy Wilson is the primary beneficiary of a VIE, qualitative and quantitative factors are considered, including, but not limited to: the amount and characteristics of Kennedy Wilson's investment; the obligation or likelihood for Kennedy Wilson to provide financial support; Kennedy Wilson's ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of Kennedy Wilson. Significant judgments related to these determinations include estimates about the future fair values and performance of real estate held by these VIEs and general market conditions. As of December 31, 2015 , Kennedy Wilson has one VIE that is treated as an unconsolidated investment. Kennedy Wilson Europe Real Estate Plc (“KWE,” LSE: KWE), a Jersey investment company formed to invest in real estate and real estate-related assets in Europe, closed its initial public offering ("IPO") on the London Stock Exchange during the quarter ended March 31, 2014, raising approximately $1.7 billion in gross proceeds. KWE is externally managed by a wholly-owned subsidiary of Kennedy Wilson incorporated in Jersey pursuant to an investment management agreement. Due to the terms provided in the investment management agreement and Kennedy Wilson's equity ownership interest in KWE, pursuant to the guidance set forth in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 - Consolidation (“Subtopic 810”), the Company is required to consolidate KWE’s results in its consolidated financial statements. Additionally, the Company invested $145.2 million of cash and contributed $58.3 million of assets acquired by the Company as part of the IPO. KWE completed a follow-on offering during the fourth quarter of 2014 where the Company participated based on its ownership percentage acquiring an additional 4.6 million shares for $75.0 million . Outside of the IPO and follow-on offering, the Company has acquired an additional 6.9 million ordinary shares for $119.3 million and owned approximately 18.2% of KWE’s total issued share capital as of December 31, 2015 . Prior to KWE's formation and for investments that do not meet KWE's investment guidelines, the Company has directly invested in 18 properties, five loan pools and a servicing platform in Europe that have total assets of $862.3 million included in the Company's consolidated balance sheet and $274.2 million of equity as of December 31, 2015 . Four of the five loan pools were fully resolved as of December 31, 2015 . As of December 31, 2015 , the Company's weighted average ownership in these investments was 62% . USE OF ESTIMATES — The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosure about contingent assets and liabilities, and reported amounts of revenues and expenses. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates will be reflected in the financial statements in future periods. REVENUE RECOGNITION — Revenue consists of management and leasing fees (including performance fees), commissions, rental and hotel income, sales of real estate and loan income. Management fees are primarily comprised of investment management, property services, and research fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. Research fees are earned from consulting arrangements. These fees are recognized as revenue ratably over the period that the respective services are performed. The Company provides investment management and property services on investments it also has an ownership interest in. These fees are eliminated in consolidation based on the Company's ownership interest in the underlying investment. During the year ended December 31, 2015 , $75.0 million were eliminated in consolidation. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds and loan pool participations based on the cumulative performance of the fund and loan pools and are subject to preferred return thresholds of the limited partners and participants. At the end of each reporting period, Kennedy Wilson calculates the performance fee that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance fees to reflect either (a) positive performance resulting in an increase in the performance fee allocated to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as revenue, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. Substantially all of the performance fees are recognized in investment management fees and substantially all of the carried interest is recognized in income from unconsolidated investments in our consolidated statements of operations . Total performances fees recognized to date through December 31, 2015 that may be reversed in future periods if there is negative fund performance totaled $18.8 million . Performance fees recognized during the years ended December 31, 2015 , 2014 , and 2013 were $18.0 million , $8.5 million and $17.5 million and the amounts that have not been received are included in accounts receivable—related parties in the accompanying consolidated balance sheet. KWE is externally managed by one of the Company's wholly-owned subsidiaries (“KWE Manager”) pursuant to an investment management agreement in which capacity Kennedy Wilson will be entitled to receive certain management and performance fees. KWE Manager is paid an annual management fee (payable quarterly in arrears) equal to 1% of KWE’s adjusted net asset value (EPRA NAV). The management fee payable to KWE Manager is paid half in cash and half in shares of KWE. KW Manager earned $23.3 million in management fees for the year ended December 31, 2015 which is eliminated in consolidation due to the Company's consolidation of KWE. We are also entitled to receive an annual performance fee equal to 20% of the lesser of (i) the excess of the shareholder return for the relevant year (defined as the change in KWE’s adjusted net asset value per ordinary share plus dividends paid) over a 10% annual return hurdle, and (ii) the excess of year-end adjusted net asset value per ordinary share over a “high water mark.” The performance fee is payable in shares of KWE that vest equally over a three -year period. As of December 31, 2015 , $43.7 million in such fees have been earned and accrued (not yet paid) by Kennedy Wilson which are also eliminated in consolidation due to the Company's consolidation of KWE. The final calculation of the performance fee will be completed after the conclusion of KWE’s financial year and such fee will be paid to Kennedy Wilson at that time. Commissions primarily consist of acquisition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition price. Acquisition fees are recognized upon the successful completion of an acquisition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Subtopic 605-45, KW Group records commission revenues and expenses on a gross basis. Of the criteria listed in the Subtopic 605-45, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases. Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. KW Group follows the requirements for profit recognition as set forth by the Sale of Real Estate ASC Subtopic 360-20. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Interest income from investments in loans which KW Group originates are recognized at the stated interest rate. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until KW Group is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25. Income is recognized to the extent that cash is received from the loan. REAL ESTATE ACQUISITIONS — The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated fair values in accordance with Business Combinations ASC Subtopics 805-10. Acquisition-related costs are expensed as incurred. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate are valued, in part, based on third party valuations and management estimates also using an income approach. UNCONSOLIDATED INVESTMENTS — KW Group has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate and invest in loan pools and discounted loan portfolios. Investments in unconsolidated investments are accounted for under the equity method of accounting as KW Group can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by KW Group’s share of income or loss, plus additional contributions and less distributions. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with Equity Method Investments ASC Subtopic 323-10. As of December 31, 2015 , the Company also had an investment in one joint venture which is a VIE in which the Company is not the primary beneficiary and therefore accounts for it under the equity method as well. Profits on the sale of real estate held by unconsolidated investments in which KW Group has continuing involvement are deferred until such time that the continuing involvement has been concluded and all the risks and rewards of ownership have passed to the buyer. Profit on sales to unconsolidated investments in which KW Group retains an equity ownership interest results in partial sales treatment in accordance with Sale of Real Estate ASC Subtopic 360-20, thus deferring a portion of the gain as a result of KW Group’s continuing ownership percentage in the unconsolidated investment. Kennedy Wilson records its investments in certain commingled funds it manages and sponsors ("the Funds") that are investment companies under the Investment Companies ASC Subtopic 946-10, based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Kennedy Wilson has retained the specialized accounting for the Funds pursuant to Retention of Specialized Accounting for Investments in Consolidation ASC Subtopic 323-10 in recording its equity in joint venture income from the Funds. Additionally, Kennedy Wilson elected the fair value option for nine investments in unconsolidated investment entities. Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the value created in the underlying investments in the results of our current operations. Interest income from investments in loan pool participations are recognized on a level yield basis under the provisions of Loans and Debt Securities Acquired with Deteriorated Credit Quality ASC Subtopic 310-30, where a level yield model is utilized to determine a yield rate which, based upon projected future cash flows, accretes interest income over the estimated holding period. In the event that the present value of those future cash flows is less than net book value, a loss would be immediately recorded. When the future cash flows of a note cannot be reasonably estimated, cash payments are applied to the cost basis of the note until it is fully recovered before any interest income is recognized. DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS — During the quarter ended March 31, 2013, the Company changed its method of accounting for determining the allocation of cash flows received from unconsolidated investments on its consolidated statement of cash flows from the "cumulative earnings" method to the "look-through" method, both of which are acceptable methods under GAAP. Under the "look-through" approach, distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from unconsolidated investments' sale of assets), in which case it is reported as an investing activity. The newly adopted method is preferable because it enables KW Group to look to the nature and source of the distribution received and classify it appropriately between operating and investing activities on the statement of cash flows based upon the source, which allows the Company to present financial statements more consistent with accounting principles of consolidation. FAIR VALUE MEASUREMENTS — KW Group accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of Fair Value Measurements ASC Subtopic 820-10. Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach. FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, however, is necessary to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. NONCONTROLLING INTERESTS — Noncontrolling interests are reported within equity as a separate component of Kennedy Wilson's equity in accordance with Noncontrolling Interests in Consolidated Financial Statements ASC Subtopic 810-10. Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the consolidated statements of operations at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated. Management fees earned by KWE Manager for managing KWE are eliminated in consolidation however the amount attributable to the noncontrolling interest holders of KWE are recognized through net income (loss) attributable to noncontrolling interest holders. FOREIGN CURRENCIES — The financial statements of subsidiaries located outside the United States are measured using the local currency as the functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the Euro, the British pound sterling, and the Japanese yen. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statements of equity and comprehensive income as a component of accumulated other comprehensive income. The Company hedges its investments in foreign subsidiaries with forward and option contracts as discussed below. At December 31, 2015 , approximately 47% of our investment account is invested through our foreign platforms in their local currencies. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of our operations. In order to manage the effect of these fluctuations, we generally hedge our book equity exposure to foreign currencies through currency forward contracts and options. We typically hedge 50% - 100% of the book equity exposure to these foreign currencies. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — KW Group has derivatives to reduce its exposure to foreign currencies. All derivative instruments are recognized as either assets or liabilities in the balance sheet at their respective fair values. For derivatives designated in hedging relationships, changes in fair value of cash flow hedges or net investment hedges are recognized in accumulated other comprehensive income, to the extent the derivative is effective at offsetting the changes in the item being hedged until the hedged item affects earnings. Changes in fair value for fair value hedges are recognized in earnings. GOODWILL — Goodwill results from the difference between the purchase price and the fair value of net assets acquired based upon the purchase method of accounting for business combinations. In accordance with Accounting for Goodwill ASC Subtopic 350-20, goodwill is reviewed for impairment on an annual basis. The Company performs its annual review of impairment at year end and when a triggering event occurs between annual year end reviews. As a result of the evaluation performed as described above, Kennedy Wilson has determined that there was no impairment of goodwill as of December 31, 2015 , 2014 and 2013 . CASH AND CASH EQUIVALENTS — Cash and cash equivalents consist of cash and all highly liquid investments purchased with maturities of three months or less. Cash and cash equivalents are invested in institutions insured by government agencies. Certain accounts contain balances in excess of the insured limits. KW Group's operations and financial position are affected by fluctuations in currency exchange rates between the Japanese yen, euro, and British pound sterling against the U.S. Dollar. LONG-LIVED ASSETS — KW Group reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with Impairment of Long-Lived Assets ASC Subtopic 360-10. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are presented separately in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of the assets to be disposed of are classified as held for sale and would be presented separately in the appropriate asset and liability sections of the balance sheet. ACCOUNTS RECEIVABLE — Accounts receivable are recorded at the contractual amount as determined by the underlying agreements and do not bear interest. An allowance for doubtful accounts is provided when KW Group determines there are probable credit losses in KW Group’s existing accounts receivable and is determined based on historical experience. KW Group reviews its accounts receivable for probable credit losses on a quarterly basis. As of December 31, 2015 , KW Group had an immaterial allowance for doubtful accounts and during the years ended December 31, 2015 and 2014 had recorded no provision for doubtful accounts. CONCENTRATION OF CREDIT RISK — Financial instruments that subject KW Group to credit risk consist primarily of accounts and notes receivable, cash equivalents and derivative instruments. Credit risk is generally diversified due to the large number of entities composing KW Group’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Japan. Kennedy Wilson performs ongoing credit evaluations of its customers and debtors. EARNINGS PER SHARE — Basic earnings per share is computed based upon the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per share is computed based upon the weighted average number of shares of common stock and potentially dilutive securities outstanding during the periods presented. The dilutive impact of potentially dilutive securities including warrants, convertible securities, and unvested stock which were outstanding during the period. The warrants and unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method. COMPREHENSIVE (LOSS) INCOME — Comprehensive (loss) income consists of net income (loss) and other comprehensive income (loss). In the accompanying consolidated balance sheets, accumulated other comprehensive income consists of foreign currency translation adjustments and unrealized gains (losses) on available for sale securities and derivative instruments. REPURCHASE OF EQUITY INSTRUMENTS — Upon the decision to retire repurchased equity instruments, Kennedy Wilson records the retirement as a reduction to additional paid in capital. SHARE-BASED PAYMENT ARRANGEMENTS — Kennedy Wilson accounts for its share-based payment arrangements under the provisions of Share-Based Payments ASC Subtopic 718-10 . Compensation cost for employee service received in exchange for an award of equity instruments is based on the grant-date fair value of the share-based award that is ultimately settled in equity of Kennedy Wilson. The cost of employee services is recognized over the period during which an employee provides service in exchange for the share-based payment award. Share-based payment arrangements with only services conditions that vest ratably over the requisite service period are recognized on the straight-line basis and performance awards that vest ratably are recognized on a tranche by tranche basis over the performance period. Unrecognized compensation costs for share-based payment arrangements that have been modified are recognized over the original service or performance period. INCOME TAXES — Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In accordance with Accounting for Uncertainty in Income Taxes ASC Subtopic 740-10, Kennedy Wilson recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Kennedy Wilson records interest related to unrecognized tax benefits in interest expense and penalties in general and administrative expenses. RECENT ACCOUNTING PRONOUNCEMENTS — On April 10, 2014, the FASB issued ASU 2014-08, which amends the definition of discontinued operations and requires additional disclosures for disposal transactions that do not meet the revised discontinued operations criteria. ASU 2014-08 is required to be adopted for fiscal years beginning after December 15, 2014, with early adoption permitted. Our early adoption of this pronouncement on January 1, 2014 did not have a material impact on KW Group's consolidated financial statements in the year of adoption. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, a five step model to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. The model will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. The new standard will replace most existing revenue recognition in GAAP when it becomes effective for the Company on January 1, 2018. The Company does not expect the adoption of this standard to have a significant impact on the consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for KW Group in its 2016 annual statements with interim periods in 2017. Early adoption is permitted. KW Group has evaluated the impact and expects certain consolidated investments to be considered variable interest entities under the updated guidance. However because our analysis concludes that we are the primary beneficiary of those entities, they will continue to be consolidated. Accordingly the Company does not expect implementation of the guidance to have a material impact on KW Group’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , to reduce the complexity of financial statement presentation pursuant to which debt issuance costs will be presented as a direct deduction from the carrying amount of debt liabilities as opposed to a deferred charge recognized as an asset. ASU 2015-03 is required to be adopted for fiscal years beginning after December 15, 2015 and the Company does not expect its adoption to have a material impact on KW Group's consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. Because the Company's existing operating lease commitments are not material and the accounting for leases by the lessor is substantially unchanged, the Company does not expect the ASU to have a significant impact on its results of operations or financial position. RECLASSIFICATIONS — Certain balances included in prior years' financial statements have been reclassified to conform with the current year's presentation.

LOAN PURCHASES AND ORIGINATIONS

LOAN PURCHASES AND ORIGINATIONS	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
LOAN PURCHASES AND ORIGINATIONS	LOAN PURCHASES AND ORIGINATIONS KW Group's investment in loan purchases and originations was $299.7 million and $313.4 million at December 31, 2015 and December 31, 2014 , respectively. During the year ended December 31, 2015 , KWH originated a loan to an existing joint venture for $38.7 million . With the loan, the joint venture purchased a note secured by a resort in Kona, Hawaii, for the same $38.7 million . Additionally, KWH fully resolved two loans for $8.7 million during the year ended December 31, 2015 . During the year ended December 31, 2015 , KWE converted loans into a 100% direct ownership in a retail center located in Cavan, Ireland that had a carrying value of $11.7 million . Additionally, during the second quarter of 2015, KWE acquired a nonperforming loan secured by a residential property in London, England, for $108.4 million which was then converted to real estate in the fourth quarter of 2015. Lastly, in relation to the loans secured by an office building in Dublin, Ireland as discussed below for an amount of $53.0 million during 2014, KWE converted the loans into a 100% direct ownership interest in the office building during the first quarter of 2015. During the year ended December 31, 2014 , KWH foreclosed on a 133,000 square foot retail center and an adjacent 2.4 acre vacant lot in Van Nuys, CA that had a loan balance of $30.4 million , and converted it into real estate. Also during the third quarter of 2014, loans that KWH held on a building in Maui, HI and two related-party funds were paid off. Lastly, KWH acquired a loan secured by a Class A office building in Burbank, CA for $5.0 million . During the year ended December 31, 2014 , KWE acquired the loans secured by a five-star hotel located in Dublin, Ireland for $152.4 million , which was then converted into a 100% direct ownership interest in the hotel in third quarter of 2014 . KWE acquired five real estate loans under receivership which are secured against five properties located across England for $156.3 million , which had a balance of $146.1 million at December 31, 2014 due to foreign currency fluctuations. Also, KWE acquired subordinated notes secured by 20 commercial properties located throughout England and Scotland for $62.2 million , which were paid off in the third quarter of 2014. Additionally, KWE acquired the loans secured by 13 properties throughout Ireland for $97.0 million , which had a balance $92.4 million at December 31, 2014 due to foreign currency fluctuations. Lastly, during the fourth quarter of 2014, KWE acquired the loans secured by an office building in Dublin, Ireland for $53.0 million . Interest Income from Notes Receivable KW Group recognized interest income on loans of $19.5 million , $16.8 million , and $1.6 million during the years ended December 31, 2015 , 2014 , and 2013 .

REAL ESTATE AND ACQUIRED IN PLA

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE The following table summarizes the Company's investment in consolidated real estate properties at December 31, 2015 and 2014 : December 31, (Dollars in millions) 2015 2014 Land $ 1,471.5 $ 1,046.9 Buildings 3,905.5 2,945.1 Building improvements 247.2 75.1 Acquired in place lease values 421.8 282.6 6,046.0 4,349.7 Less accumulated depreciation and amortization (248.5 ) (121.6 ) Real estate and acquired in place lease values, net of depreciation and amortization $ 5,797.5 $ 4,228.1 Real property, including land, buildings, and building improvements, are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on the straight-line method over their estimated lives not to exceed 40 years. Acquired in-place lease values are recorded at their estimated fair value and depreciated over their respective weighted-average lease term which was 7.8 years at December 31, 2015 . Depreciation and amortization expense on buildings, building improvements and acquired in place lease values for the years ended December 31, 2015 , 2014 and 2013 was $157.3 million , $100.1 million and $13.4 million , respectively. Consolidated Acquisitions The purchase of property is recorded to land, buildings, building improvements, and intangible lease value (including the value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated fair values. The purchase price generally approximates the fair value of the properties as acquisitions are generally transacted with third-party willing sellers. During the year ended December 31, 2015 , KW Group acquired the following properties: At Acquisition (1) Location Description Land Building Acquired in place lease values (2) Investment debt NCI (3) KWH Shareholders' Equity Western U.S. 153k square feet of commercial properties and 208 multifamily units (6) $ 16.7 $ 56.0 $ 1.5 $ 55.0 $ 0.5 $ 18.7 United Kingdom Portfolio of 176 commercial, retail, and industrial properties (4) 276.1 421.7 76.6 529.3 205.7 39.4 United Kingdom Portfolio of 9 commercial properties (4) 104.4 178.7 45.4 — 270.4 58.1 Ireland Dublin office buildings (4) 3.9 26.3 2.8 — 22.6 10.4 Spain Two development projects (4) — 43.9 — — 36.8 7.1 Spain 16 supermarkets and shopping center (4)(5) 50.7 112.2 8.8 — 141.0 30.7 Italy Portfolio of 9 commercial properties (4)(5) 47.5 135.1 28.1 — 172.5 38.2 $ 499.3 $ 973.9 $ 163.2 $ 584.3 $ 849.5 $ 202.6 (1) Excludes acquisition expenses and net other assets. The purchase price allocations for properties acquired during the year ended December 31, 2015 are based on preliminary measurements of fair value that are subject to change. These allocations represent the Company's current best estimates of fair value. (2) Includes above and below market leases in this table. Above and below market leases are part of other assets and accrued expenses and other liabilities. (3) Noncontrolling interest amounts associated with acquisition. (4) These portfolios of properties were directly acquired and are held by KWE. Kennedy Wilson owns approximately 18.2% of the total issued share capital of KWE as of December 31, 2015 . (5) KWE recognized an acquisition related gain of $7.8 million due to improvements in market conditions when the acquisition was agreed to and when it subsequently closed. During the year ended December 31, 2014 , KW Group acquired the following properties: At Acquisition (1) Location Description Land Building Acquired in place lease values (2) Investment debt NCI (3) KWH Shareholders' Equity United Kingdom Portfolio of 14 commercial, retail, and industrial properties (4)(5) $ 30.0 $ 63.4 $ 24.4 $ — $ 58.9 $ 58.9 Western U.S. 193 room hotel 1.3 8.3 — — 2.7 6.9 Ireland 24 apartment units, 2 penthouse units, and 1,000 square feet of retail 0.6 14.8 0.2 9.6 — 6.0 United Kingdom 26 commercial properties throughout England and Scotland (4) 58.5 155.9 33.4 — 217.6 30.2 Ireland 281 completed apartments and a partially completed residential block and 725k square feet of commercial space (4)(6) 32.9 81.5 1.2 78.9 0.1 36.6 Western U.S. 98k square foot retail center 2.4 5.8 0.4 6.0 0.7 1.9 Western U.S. 203 unit apartment building 2.7 24.0 0.3 13.3 0.4 13.3 Ireland 81 unit apartment building (4) 4.8 15.0 0.3 — 17.4 2.7 Ireland 13 commercial properties (4) 104.5 367.0 63.0 273.1 226.9 34.5 United Kingdom 21 commercial properties throughout England and Scotland (4)(7) 106.4 351.0 77.0 — 463.9 70.5 Western U.S. 542 unit apartment building 38.3 57.5 0.6 77.2 0.6 18.6 Ireland 138 room hotel and golf course (4) 6.8 30.6 — — 32.4 5.0 Western U.S. 3 property portfolio with 1,212 units 21.3 106.2 1.3 86.7 — 42.1 United Kingdom 209 room hotel and two golf courses (4) 12.2 37.3 — — 42.9 6.6 Western U.S. 118 unit apartment building 2.1 18.6 0.2 13.5 — 7.4 Ireland 130k square foot retail center (4) 7.2 34.4 17.0 — 50.8 7.8 United Kingdom 227k square foot office building 85.3 232.0 12.0 — 280.2 49.1 Western U.S. 324 unit apartment building 3.2 28.6 0.5 17.3 — 15.0 Western U.S. 280 unit apartment building 6.0 40.3 0.5 37.3 — 9.5 Spain Commercial to multifamily conversion (4) — 6.4 — — 5.1 1.3 $ 526.5 $ 1,678.6 $ 232.3 $ 612.9 $ 1,400.6 $ 423.9 (1) Excludes acquisition expenses and net other assets. The purchase price allocations for properties acquired during the year ended December 31, 2014 are based on preliminary measurements of fair value that are subject to change. These allocations represent the Company's current best estimates of fair value. (2) Includes above and below market leases in this table. Above and below market leases are part of other assets and accrued expenses and other liabilities. (3) Noncontrolling interest amounts associated with acquisition. (4) These portfolios of properties were directly acquired and are held by KWE. Kennedy Wilson owns approximately 14.9% of the total issued share capital of KWE as of December 31, 2014 (5) On February 28, 2014, the Company contributed its 50% interest in this portfolio to KWE as part of the Company's investment in KWE's initial public offering. (6) This asset was sold to KWE on June 24, 2014. (7) KWE recognized an acquisition-related gain of $15.6 million on the transaction due to its ability to acquire the underlying real estate at a discount to its fair value. See loans converted to real estate section below. Consolidation of previously unconsolidated investments During the year ended December 31, 2015 , 2014 and 2013 the Company amended the existing operating agreements governing certain investments with its equity partners thereby allowing the Company to gain control of these operating investments. These joint ventures were previously accounted for on an equity method basis due to substantive participation of the equity partners in the operational control over the real estate assets. The operating agreements of the investments were amended and restated to give Kennedy Wilson full operational control over the real estate assets while the equity partners retained only certain protective rights. Given that Kennedy Wilson now controls the joint ventures and the ultimate real estate assets held by the joint ventures under the amended and restated operating agreements, a change to the accounting treatment of these joint ventures from the equity method to consolidated treatment pursuant to ASC 810 Consolidation was required. As a result of gaining control, the assets and liabilities of these properties were consolidated in KW Group's financial statements at fair value in accordance with FASB ASC Topic 805 Business Combinations . As the fair value of the property was in excess of the carrying value of its ownership interest, an acquisition-related gain was recorded in the accompanying consolidated statement of operations for the years ended December 31, 2015 , 2014 and 2013. See Note 6 - Fair Value Measurements for further detail of the methodology used to determine the fair value of the assets and liabilities acquired in these transactions. Consolidations - 2015 The following table summarizes the assets and liabilities assumed as a result of gaining control of these properties and the acquisition-related gains recognized: (Dollars in millions) Property Type Location Cash Real estate and acquired in-place lease values Accounts receivable and other assets Accounts payable, accrued expenses, and other liabilities Investment debt Noncontrolling interests Acquisition related gain (1) 1,468 units across multiple properties Multifamily Western US $ 2.9 $ 283.6 $ 0.8 $ 3.9 $ 166.0 $ 0.7 $ 45.1 490K sq. ft. across multiple properties Commercial Western US 7.8 234.7 2.5 6.0 97.9 5.0 37.9 $ 10.7 $ 518.3 $ 3.3 $ 9.9 $ 263.9 $ 5.7 $ 83.0 (1) $2.3 million was allocated to noncontrolling interest for the portion the acquisition related gain that relates to our equity partners ownership in the properties. During 2015, Kennedy Wilson bought out equity interests from equity partners in a number of joint ventures based in Western United States where it acquired control of the underlying properties and consolidated real estate at fair value. Consolidations - 2014 The following table summarizes the assets and liabilities assumed as a result of gaining control of these properties and the acquisition-related gains recognized: (Dollars in millions) Property Type Location Cash Real estate and acquired in-place lease values Accounts receivable and other assets Accounts payable, accrued expenses, and other liabilities Investment debt Noncontrolling interests Acquisition related gain (1) Three multifamily properties Multifamily Ireland $ 3.6 $ 248.5 $ 0.9 $ 5.4 $ 114.3 $ 66.6 $ 39.3 Two office properties Commercial Ireland 4.3 223.9 7.6 4.9 75.2 77.9 33.5 Two commercial properties and loans secured by real estate Commercial & Loans U.K. 9.6 195.0 5.6 8.1 100.8 62.0 11.3 50 multifamily properties Multifamily Japan 21.0 501.2 14.3 4.6 283.7 146.8 66.7 Multifamily property Multifamily Western US 0.9 101.3 0.3 0.9 63.2 3.7 19.5 $ 39.4 $ 1,269.9 $ 28.7 $ 23.9 $ 637.2 $ 357.0 $ 170.3 (1) $65.2 million was allocated to noncontrolling interest for the portion the acquisition related gain that relates to our equity partners ownership in the properties. On March 31, 2014, Kennedy Wilson and one of its equity partners amended and restated existing operating agreements governing six separate joint ventures that hold real estate-related investments located in the U.K. and Ireland. Kennedy Wilson has an approximate 50% ownership interest in these investments. On June 30, 2014, Kennedy Wilson and one of its equity partners amended and restated the existing operating agreement of KW Residential ("KWR") which governs 50 multifamily properties in and around Tokyo, Japan comprising approximately 2,400 units. Kennedy Wilson has an approximate 41% ownership interest in these investments. In December 2014, Kennedy Wilson increased its ownership in a previously unconsolidated investment in a 750 -unit Western U.S. multifamily property from 42% to 87% and amended the existing operating agreement to gain control of the property Consolidations - 2013 (Dollars in millions) Property Type Cash Real Estate, net Accounts Receivable and other assets Accounts payable and accrued expenses Investment Debt Noncontrolling interests Acquisition related gain 615-unit apartment building Multifamily $ 1.3 $ 120.1 $ 2.3 $ 3.2 $ 93.5 $ 1.8 $ 9.5 Three retail centers Retail 1.4 20.4 9.2 0.7 20.1 0.5 2.0 Ritz-Carlton Residential 4.4 105.1 7.4 8.0 28.0 18.0 45.1 $ 7.1 $ 245.6 $ 18.9 $ 11.9 $ 141.6 $ 20.3 $ 56.6 During the first quarter of 2013, the Company acquired the interest of some of its existing partners in a 615 -unit apartment building in Northern California, increasing its ownership from 15% to 94% . The original 15% interest had a book value of $0 due to prior distributions. Cash consideration of $15.7 million was paid by the Company to increase its ownership in the property to 94% and resulted in the Company obtaining control. The Company recorded an acquisition-related gain as the fair value was in excess of the carrying value of its ownership interest. As this transaction was between willing third party participants, the purchase price was an approximation of fair value. In addition, by amending the existing operating agreements governing three retail centers in the Western U.S. (third quarter of 2013) and the Ritz Carlton, Lake Tahoe (fourth quarter of 2013) which the Company had previously accounted for using the equity method, the Company gained control of these properties and consolidated the properties at fair value. The following table summarizes the assets and liabilities assumed as a result gaining control of these properties and the acquisition related gains recognized. Loans converted to real estate During 2015, KWE foreclosed on three office buildings in Ireland that were held in two different loans and took control of multifamily building outside of London. During the 2014, Kennedy Wilson foreclosed on a 133,000 square foot retail center and an adjacent 2.4 acre vacant lot in Van Nuys, CA and the Shelbourne Hotel in Dublin, Ireland. As a result of the foreclosures and taking title to the properties, the assets and liabilities of the retail center and hotel were consolidated in KW Group's financial statements at fair value under ASC Topic 805 - Business Combinations and the vacant lot was consolidated in KW Group's financial statements at fair market value . As the fair value of the assets was in excess of the basis in the previously held mortgage notes, KW Group recognized a $15.9 million gain on the three office buildings in Ireland and the multifamily building outside of London during 2015 and $3.7 million acquisition-related gain on the retail center and vacant land and a $28.6 million acquisition-related gain on the hotel during 2014. KWE acquired subordinated notes on a portfolio of commercial properties in the United Kingdom during 2014 and later used its position as a debt holder to purchase the underlying real estate at a discount. KWE recognized an acquisition-related gain of $15.6 million (the Company's share was $2.1 million ) on the transaction due to its ability to acquire the underlying real estate at a discount to its fair value. Gains on real estate During the year ended December 31, 2015 , KW Group sold its investment in its Japanese multifamily portfolio, which resulted in a gain of $33.5 million before noncontrolling interest. Additionally, KWE sold non-core assets out of its United Kingdom commercial portfolio and the Company sold a retail pad during the year, which resulted in a gain of $38.9 million before noncontrolling interest. These gains are presented net as a component of non-operating income (expense) as the properties were treated as businesses at acquisition. Pro forma results of operations The results of operations of the assets acquired have been included in our consolidated financial statements since the date of the acquisitions. The Company’s unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations that would have occurred had these acquisition been consummated at the beginning of the periods presented. The unaudited pro forma data presented below assumes that the acquisitions during the year ended December 31, 2015 occurred as of January 1, 2014. Unaudited Year Ended December 31, (Dollars in millions, except for per share data) 2015 2014 Pro forma revenues $ 672.8 $ 572.1 Pro forma income from unconsolidated subsidiaries 96.9 55.0 Pro forma net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 77.1 31.5 Pro forma net loss per share: Basic $ 0.75 $ 0.35 Diluted $ 0.70 $ 0.34

UNCONSOLIDATED INVESTMENTS

UNCONSOLIDATED INVESTMENTS	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS KW Group has unconsolidated investments through real estate related joint ventures and loan pool participations. The following table details its investments in joint ventures and loan pool participations as of December 31, 2015 and December 31, 2014 : December 31, December 31, (Dollars in millions) 2015 2014 Investments in joint ventures $ 443.6 $ 435.8 Investments in loan pool participations 1.3 56.4 Total $ 444.9 $ 492.2 Investments in Joint Ventures KW Group has a number of joint venture interests, generally ranging from 5% to approximately 50% ownership, that were formed to acquire, operate, develop, and/or sell real estate and invest in discounted loan purchases and loan originations. KW Group has significant influence over these entities, but not control, and accordingly, these investments are accounted for under the equity method. Joint Venture Holdings The following table details KW Group's investments in joint ventures by investment type and geographic location as of December 31, 2015 : Multifamily Commercial Loan Residential and Hotel Other Total (Dollars in millions) Western U.S. $ 144.8 $ 51.4 $ 12.2 $ 180.1 $ 13.2 $ 401.7 Japan 5.8 — — — — 5.8 United Kingdom — 23.3 — — — 23.3 Spain — — — — 12.8 12.8 Total $ 150.6 $ 74.7 $ 12.2 $ 180.1 $ 26.0 $ 443.6 The following table details our investments in joint ventures by investment type and geographic location as of December 31, 2014 : Multifamily Commercial Loan Residential and Hotel Other Total (Dollars in millions) Western U.S. $ 134.5 $ 110.3 $ 50.3 $ 71.0 $ 9.3 $ 375.4 United Kingdom — 31.5 — — — 31.5 Spain — — — — 28.9 28.9 Total $ 134.5 $ 141.8 $ 50.3 $ 71.0 $ 38.2 $ 435.8 During the current year multifamily investments increased due to the Company's investment in VHH as discussed below which was offset by the sale of seven properties and the consolidation of two properties to real estate. Commercial investments decreased due to the sale of five properties and consolidation of three properties to real estate which was offset by a new investment in a Class A office building in Beverly Hills, CA. Joint venture investments in loan portfolio decreased due to the reclassification of an investment from loan to residential development during the year. Residential and hotel increased due to the reclassification of loan mentioned above, reclassification of a condo development that started the sales process during the year and was previously operated as a multifamily project and fair value gains on a development project that achieved entitlements during the year. The decline in the Spanish joint venture investment was due to the refinancing of debt and subsequent investing distribution that was made during the year. Vintage Housing Holdings ("VHH") During the second quarter of 2015, the Company purchased a 61% noncontrolling interest for $78.7 million in VHH, a venture that holds controlling interests in 30 syndicated limited partnerships ("LPs") that own multifamily properties via a traditional low-income tax credit structure in the Western United States. The remaining 39% is held by one non-affiliated entity who is appointed as the manager. Neither party controls VHH, and, accordingly, the Company accounts for its investment under the equity method. The limited partnerships generate cash flow through their controlling interests in entities owning multifamily housing that is predominantly structured with low income housing credits to benefit the limited partnerships. The Company has elected the fair value option on its unconsolidated investment in VHH. During the year, the Company recognized a $14.0 million fair value gain through income from unconsolidated investments due to various factors including a sale of properties within the portfolio and a long period between the execution of binding agreements between the parties and the closing of the transaction. Since the investment is accounted for under fair value, operating distributions are recorded as equity income. The Company additionally recognized $7.3 million in equity income related to operating distributions during the year. Loan Pool Participations As of December 31, 2015 and 2014 , the Company's investment in loan pool participations totaled $1.3 million and $56.4 million , respectively. Income from Unconsolidated Investments For the year ended December 31, 2015 , 2014, and 2013 equity in joint venture income was $93.1 million , $44.7 million , and $29.8 million . The Company recognized realized gains on sales of joint venture investments mainly multifamily properties located in the Western United States during the year. In addition to the sales, equity in joint venture income during 2015 relates primarily to fair value gains during the year relating to improved market conditions and operating distributions in VHH, entitlements achieved on development projects, and commencing the sales process on a for sale condo project as well as improved property performance by investments held within our Funds totaling $34.9 million . The increase in equity in joint venture income during 2014 compared to 2013 relates to the sale of the Company's 25% interest in a portfolio of commercial investments in Dublin, Ireland to KWE that resulted in a gain of $26.6 million on the Company's investment. This transaction was unanimously approved by the independent shareholders of KWE. There were no new European joint venture investments during 2014 so acquisition-related expenses were minimal compared to the prior period. Additionally, during the year ended December 31, 2013, the Company received $66.2 million in distributions related to resolutions in the UK Loan Pool and $23.2 million from its additional asset management fee arrangement. As a result of the substantial liquidation of the loan pool in 2013, Kennedy Wilson recognized a $2.8 million loss in 2014 in foreign currency translations in the accompanying consolidated statements of operations . The following table presents the interest income and foreign currency gain and (loss) recognized by Kennedy Wilson during the years ended December 31, 2015 , 2014 and 2013 in each of the loan pools that were outstanding: Year Ended December 31, (Dollars in millions) 2015 2014 2013 Interest income recognized $ 4.6 $ 9.5 $ 11.9 Foreign currency translation (loss) gain (1.1 ) (4.7 ) (2.2 ) $ 3.5 $ 4.8 $ 9.7 Note Conversion into Real Estate within Unconsolidated Investments During 2013, the Company and its equity partners converted three mortgage notes into real estate owned. As a result of the conversion, the joint ventures were required to consolidate the assets and liabilities at fair value under ASC 805 - Business Combinations. As the fair value of each of the assets was in excess of the basis of the previously held mortgage note, the Company recorded the following acquisition related gains: (Amounts shown in millions) Date Description Location Total Joint Venture Acquisition Related Gain The Company's Portion of Total Gain Q2 2013 Class A Office building and Adjacent 3.5 acre site Dublin, Ireland $ 30.1 $ 15.0 Q3 2013 The Rock - a retail, residential, and entertainment center Manchester, UK 32.3 16.2 Q4 2013 Class A Office Building Glasgow, Scotland 10.1 5.0 Total $ 72.5 $ 36.2 There was no comparable activity during 2014 or 2015. Consolidation Considerations We determine the appropriate accounting method with respect to all investments that are not VIEs based on the control-based framework (controlled entities are consolidated) provided by the consolidations guidance in FASB ASC Topic 810. Kennedy Wilson's determination considers specific factors cited under FASB ASC Topic 810-20, Control of Partnerships and Similar Entities, which presumes that control is held by the general partner (and managing member equivalents in limited liability companies). Limited partners' substantive participation rights may overcome this presumption of control. We account for joint ventures where it is deemed that we do not have control through the equity method of accounting while entities we control are consolidated in KW Group's financial statements. Changes in Control During 2015, Kennedy Wilson bought out equity interests from equity partners in a number of joint ventures based in Western United States which consisted of 1,468 units across multiple multifamily properties and 490,000 square feet across multiple commercial properties. On June 30, 2014, Kennedy Wilson and one of its equity partners amended existing operating agreements governing KWR which was previously accounted for using the equity method and is now consolidated. On March 31, 2014, Kennedy Wilson and one of its equity partners amended existing operating agreements governing investments for six investments in Europe which were accounted for using the equity method and are now consolidated. On December 12, 2013, the Company and one of its equity partners amended the existing operating agreement governing its investments in the Ritz Carlton Hotel, Lake Tahoe which was accounted for on the equity method and is now consolidated. On September 30, 2013, the Company and one of its equity partners amended existing operating agreements governing investments in three retail centers in the Western United States which were accounted for on the equity method and is now consolidated. See Note 4 for more discussion on the impact of consolidation. All of the above investments were accounted for and are presented as unconsolidated investments in the prior periods. Contributions to Unconsolidated Investments During the years ended December 31, 2015 , 2014, and 2013, Kennedy Wilson made $184.3 million , $142.6 million , and $322.7 million , respectively, in contributions to new and existing joint venture investments. See the table below for a breakdown of contributions to new joint venture investments for the years ended December 31, 2015 , 2014 and 2013: Years Ended December 31, ( Dollars in millions ) 2015 2014 2013 Investment Type Region No. of Properties Initial Contribution No. of Properties Initial Contribution No. of Properties Initial Contribution Commercial Western U.S. 1 $ 9.1 — $ — 4 $ 30.3 Commercial United Kingdom — — 14 57.2 42 92.2 Commercial Ireland — — — — 14 38.7 Multifamily Western U.S. 31 80.5 2 4.7 2 9.1 Multifamily Ireland — — — — 1 58.0 Residential Western U.S. 4 1.4 3 18.3 3 10.0 Residential Japan 50 6.2 — — — — Other Western U.S. 1 2.0 — — — — Other Spain — — — — 1 27.2 Total 87 $ 99.2 19 $ 80.2 67 $ 265.5 In addition to the capital contributions above to new joint venture investments, the Company contributed $85.1 million , $62.4 million and $57.2 million to existing joint ventures to pay off external debt, fund our share of a development project and for working capital needs, during the years ended December 31, 2015, 2014, and 2013, respectively. Distributions from Joint Ventures and Loan Pool Participations The following table details cash distributions by investment type and geographic location for the year ended December 31, 2015 : Multifamily Commercial Loan Residential, Hotel and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 36.2 $ 69.9 $ 18.8 $ 35.4 $ 2.3 $ 12.9 $ 6.4 $ 67.9 $ 114.0 Japan 0.4 0.4 — — — — 0.4 0.4 United Kingdom — — 1.2 1.8 6.5 41.5 — — 7.7 43.3 Ireland — — — — 1.7 6.4 — — 1.7 6.4 Spain — — — — 1.1 15.9 1.1 15.9 Total $ 36.6 $ 70.3 $ 20.0 $ 37.2 $ 8.2 $ 50.2 $ 14.0 $ 22.3 $ 78.8 $ 180.0 Investing distributions resulted from the sale of multifamily properties in the Western United States, commercial properties in the Western United States and United Kingdom, and homes in residential development projects in the Western United States, the refinancing of property level debt, and loan resolutions. Operating distributions resulted from operating cash flow generated by the joint venture and loan pool participant investments. Variable Interest Entities We determine the appropriate accounting method with respect to all investments that are not VIEs based on the control-based framework (controlled entities are consolidated) provided by the consolidations guidance in ASC Topic 810. The Company's determination considers specific factors cited under ASC 810-20 " Control of Partnerships and Similar Entities" which presumes that control is held by the general partner (and managing member equivalents in limited liability companies). Limited partners' substantive participation rights may overcome this presumption of control. The Company accounts for joint ventures it is deemed not to control using the equity method of accounting while controlled entities are consolidated. Capital Commitments As of December 31, 2015 , the Company has unfulfilled capital commitments totaling $39.8 million to five of its joint ventures. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of the Company's capital commitment obligations. Guarantees The Company has certain guarantees associated with loans secured by consolidated assets or assets held directly or in various joint ventures. As of December 31, 2015 the maximum potential amount of future payments (undiscounted) the Company could be required to make under the guarantees was approximately $61.7 million which is approximately 1% of the property level debt of KW Group and its unconsolidated investments. The guarantees expire through 2026 , and the Company’s performance under the guarantees would be required to the extent there is a shortfall upon liquidation between the principal amount of the loan and the net sale proceeds from the property. Based upon the Company’s evaluation of guarantees under ASC Subtopic 460-10 " Estimated Fair Value of Guarantees," the estimated fair value of guarantees made as of December 31, 2015 and 2014 is immaterial. Summarized financial data Summarized financial data of the joint ventures is as follows: December 31, 2015 December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Balance sheets for equity Assets Cash and restricted cash $ 33.8 $ 55.7 $ 89.5 $ 43.7 $ 33.0 $ 76.7 Real estate 432.5 2,857.7 3,290.2 770.9 2,390.2 3,161.1 Other 33.5 108.0 141.5 56.9 49.3 106.2 Total assets $ 499.8 $ 3,021.4 $ 3,521.2 $ 871.5 $ 2,472.5 $ 3,344.0 Liabilities Debt $ 202.7 $ 1,948.7 $ 2,151.4 $ 376.8 $ 1,523.2 $ 1,900.0 Other 37.3 97.7 135.0 44.8 48.3 93.1 Total liabilities 240.0 2,046.4 2,286.4 421.6 1,571.5 1,993.1 Partners’ capital Kennedy Wilson - investments in joint ventures 25.7 194.2 219.9 84.8 281.0 365.8 Other partners 234.1 780.8 1,014.9 365.1 620.0 985.1 Total partners' capital-investments in joint ventures 259.8 975.0 1,234.8 449.9 901.0 1,350.9 Total liabilities and partners’ $ 499.8 $ 3,021.4 $ 3,521.2 $ 871.5 $ 2,472.5 $ 3,344.0 Total investments in joint ventures are comprised of the following: December 31, 2015 December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Equity method $ 25.7 $ 194.2 $ 219.9 $ 84.8 $ 281.0 $ 365.8 Fair value election investments — 210.6 210.6 — 60.7 60.7 25.7 404.8 430.5 84.8 341.7 426.5 Cost method — 13.1 13.1 — 9.3 9.3 Total Investments in joint ventures $ 25.7 $ 417.9 $ 443.6 $ 84.8 $ 351.0 $ 435.8 ————— (1) Equity in income from the joint venture or income from loan pool participation for the year ended December 31, 2013 exceeded 20% of Kennedy Wilson's income from continuing operations before income taxes for the year ended December 31, 2013. No individual investments in joint ventures or loan pool participation exceeded the income test for the years ended December 31, 2015 and amounts in current period greater than 20% are included as they exceed income threshold for the year ended December 31, 2014 or 2013. No individual investments in joint ventures or loan pool participation exceeds 20% of the total assets of Kennedy Wilson as of December 31, 2015 or 2014 . (2) The balance sheets and income statements include all investments in joint ventures, which was determined to be significant investments for the purposes of S-X §210.3-09. Equity in joint venture income for the years ended December 31: (Dollars in millions) 2015 2014 2013 Net income allocation $ 58.1 $ 46.5 $ 28.8 Unrealized gain on fair value option and fair value investments 35.0 (1.8 ) 1.0 Total equity in joint venture income $ 93.1 $ 44.7 $ 29.8 Participation income allocation $ 0.1 $ 2.1 $ 8.7 Year Ended December 31, 2015 Year Ended December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Statements of income: Revenues $ 110.0 $ 391.5 $ 501.5 $ 385.1 $ 539.5 $ 924.6 Depreciation 25.6 70.5 96.1 52.1 60.2 112.3 Interest 12.8 73.5 86.3 22.2 79.8 102.0 Other expenses 42.4 70.9 113.3 254.9 380.8 635.7 Total expenses 80.8 214.9 295.7 329.2 520.8 850.0 Net income (3) $ 29.2 $ 176.6 $ 205.8 $ 55.9 $ 18.7 $ 74.6 Net income allocation: Kennedy Wilson - investments in joint ventures $ (3.0 ) $ 61.1 $ 58.1 $ 5.0 $ 41.5 $ 46.5 Kennedy Wilson - investments in loan pool participation (2) 0.1 — 0.1 2.1 — 2.1 Other partners 32.2 115.5 147.7 34.1 (22.8 ) 11.3 Other partners - investments in loan pool participation (2) (0.1 ) — (0.1 ) 14.7 — 14.7 Net income (3) $ 29.2 $ 176.6 $ 205.8 $ 55.9 $ 18.7 $ 74.6 Year Ended December 31, 2013 (Dollars in millions) Greater than 20% (1) Other Total (2) Statements of income: Revenues $ 229.6 $ 427.5 $ 657.1 Depreciation 58.1 57.9 116.0 Interest 42.3 86.8 129.1 Other expenses 83.6 271.7 355.3 Total expenses 184.0 416.4 600.4 Net income $ 45.6 $ 11.1 $ 56.7 Net income allocation: Kennedy Wilson - investments in joint ventures $ 28.6 $ 0.2 $ 28.8 Kennedy Wilson - investments in loan pool participation (2) 8.7 — 8.7 Other partners - investments in joint ventures (4.3 ) 10.9 6.6 Other partners - investments in loan pool participation 12.6 — 12.6 Net income $ 45.6 $ 11.1 $ 56.7 ————— (1) See discussion above. (2) See discussion above.

FAIR VALUE MEASUREMENTS AND THE

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2015 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 212.8 $ 212.8 Marketable securities (1) 5.3 — — 5.3 Currency forward contracts (2) — 12.5 — 12.5 Currency option contracts — (0.8 ) — (0.8 ) $ 5.3 $ 11.7 $ 212.8 $ 229.8 (1) Included in other assets. (2) See further discussion of currency forward contracts. The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2014 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 85.9 $ 85.9 Marketable securities 6.5 — — 6.5 Currency forward contracts — 23.9 — 23.9 Currency option contracts — 6.7 — 6.7 $ 6.5 $ 30.6 $ 85.9 $ 123.0 Marketable Securities Marketable securities include Kennedy Wilson's investment in publicly traded equity securities. The carrying value of marketable securities is a level 1 valuation as the fair value is based off of unadjusted quoted market prices in active markets for identical securities. The amount above excludes Kennedy Wilson's 24.7 million shares in KWE as the investment is eliminated due to the consolidation of KWE's results in KW Group's financial statements. Based on the December 31, 2015 share price, Kennedy Wilson's investment in KWE had a market value of approximately $440.0 million (cost basis of $413.2 million ). As of December 31, 2015, the Company had a net investment of approximately £ 245.9 million in KWE, and had hedged 83% of this investment through using currency forward contracts and options, with a notional amount of £ 203.2 million . Unconsolidated Investments Kennedy Wilson elected to use the fair value option ("FV Option") for nine additional unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations. Kennedy Wilson's investment balance in the FV Option investments was $182.2 million and $61.0 million at December 31, 2015 and 2014 , respectively, which are included in unconsolidated investments in the accompanying balance sheets. Kennedy Wilson records its investments in KW Property Fund III, L.P., Kennedy Wilson Real Estate Fund IV, and Fund V (the "Funds") based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. The Company’s investment balance in the Funds was $30.6 million and $24.9 million at December 31, 2015 and 2014 , respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of December 31, 2015 , the Company had unfunded capital commitments to the Funds in the amount of $38.1 million . In estimating fair value of real estate held by the Funds and the nine FV Option investments, we consider significant unobservable inputs such as capitalization and discount rates. The following table summarizes our investments in joint ventures held at fair value by type: (Dollars in millions) December 31, 2015 December 31, 2014 FV Option $ 182.2 $ 61.0 Funds 30.6 24.9 Total $ 212.8 $ 85.9 The following table presents changes in Level 3 investments, investments in investment companies and investments in joint ventures that elected the fair value option, for the years ended December 31: (Dollars in millions) 2015 2014 2013 Beginning balance $ 85.9 $ 81.1 $ 68.4 Unrealized and realized gains 42.3 1.8 5.3 Unrealized and realized losses (0.1 ) (2.5 ) (0.3 ) Contributions 125.5 20.0 10.8 Distributions (39.9 ) (10.5 ) (3.1 ) Other (0.9 ) (4.0 ) — Ending Balance $ 212.8 $ 85.9 $ 81.1 The change in unrealized and realized gains and losses are included in income from unconsolidated investments in the accompanying consolidated statements of operations . The change in unrealized gains and losses on level 3 investments during 2015 and 2014 for investments still held as of December 31, 2015 and 2014 were a gain of $32.0 million and a loss of $2.0 million , respectively. In estimating fair value of real estate held by the Funds, nine unconsolidated investments that elected the fair value option investments and the value of the real estate consolidated (as further described in Note 4), the Company considers significant inputs such as capitalization and discount rates. The table below describes the range of inputs used as of December 31, 2015 for real estate assets: Estimated rates used for Capitalization rates Discount Rates Office 4.50% — 9.00% 5.50% — 11.50% Retail 6.20% — 9.00% 8.25% — 14.00% Hotel n/a n/a Multifamily 5.25% — 7.75% 7.75% — 9.75% Loan n/a 20.00% Land and condominium units n/a 8.00% — 15.00% In valuing real estate related assets and indebtedness, Kennedy Wilson considers significant inputs such as the term of the debt, value of collateral, market loan-to-value ratios, market interest rates and spreads, and credit quality of investment entities. The credit spreads used by Kennedy Wilson for these types of investments range from 1.40% to 3.85% . The accuracy of estimating fair value for investments utilizing unobservable inputs cannot be determined with precision, cannot be substantiated by comparison to quoted prices in active markets, and may not be realized in a current sale or immediate settlement of the asset or liability. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including cap rates, discount rates, liquidity risks, and estimates of future cash flows, could significantly affect the fair value measurement amounts. Currency forward and option contracts KW Group has currency forward and option contracts to manage their exposure to currency fluctuations between its functional currency (U.S. dollars) and the functional currency (euros, GBP, and JPY) of certain of our subsidiaries. To accomplish this objective, KW Group hedged these exposures by entering into currency forward and option contracts to partially hedge KW Group's exposure to its net investment in certain foreign operations caused by currency fluctuations. The currency forward contracts are valued based on the difference between the contract rate and the forward rate at maturity of the foreign currency applied to the notional value in that foreign currency discounted at a market rate for similar risks. The Company’s currency options are valued using a variant of the Black-Sholes model tailored for currency derivatives. The Company has determined that, based on an evaluation of the significance of each of the inputs used to value these instruments, they are considered to be level 2 in their entirety. Although we have determined that the majority of the inputs used to value its derivative fall within Level 2 of the fair value hierarchy, the counterparty risk adjustments associated with the derivative utilize Level 3 inputs. However, as of December 31, 2015 , KW Group assessed the significance of the impact of the counterparty valuation adjustments on the overall valuation of its derivative positions and determined that the counterparty valuation adjustments are not significant to the overall valuation of its derivative. As a result, we have determined that our derivative valuation in its entirety be classified in Level 2 of the fair value hierarchy. Changes in fair value are recorded in other comprehensive income in the accompanying consolidated statements of comprehensive income (loss) as the portion of the currency forward and option contracts used to hedge currency exposure of its certain consolidated subsidiaries qualifies as a net investment hedge under FASB ASC Topic 815. The fair value of the derivative instruments held as of December 31, 2015 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the balance sheet. See Note 12 for a complete discussion on other comprehensive income including currency forward and option contracts and foreign currency translations. The table below details the currency forward contracts and currency option contracts KW Group had as of December 31, 2015 : (Amounts in millions, other than forward rate/strike price) Fair Value Assets Change in Unrealized Gains (Losses) December 31, Year Ended December 31, Currency Hedged Type Underlying Currency Notional Amount Trade Date Settlement/Expiration Date Forward Rate/Strike Price 2015 2015 EUR (2) Option USD €130.0 3/10/2015 - 3/19/2015 3/7/2019 - 3/19/2020 1.0700 - 1.0960 $ (0.5 ) $ (0.5 ) GBP Forward USD £103.0 2/25/2014 - 8/10/2015 10/9/2018 - 8/12/2020 1.5578 - 1.6371 13.2 9.3 GBP Option USD £100.2 1/7/2015 - 8/17/2015 1/7/2016 - 8/17/2020 1.4235 - 1.5434 3.1 1.9 EUR (1) Forward GBP €345.8 6/18/2014 - 6/29/2015 6/15/2016 - 6/30/2022 0.7110 - 0.8621 (0.6 ) (6.6 ) EUR (1) Option GBP €175.0 3/13/2015 - 6/3/2015 3/15/2018 - 6/3/2020 0.7070 - 0.8115 (3.4 ) (3.4 ) YEN (2) (3) Forward USD ¥649.0 6/23/2015 - 8/21/2015 2/25/2016 - 6/25/2020 111.2600 - 121.5100 (0.1 ) (0.1 ) Total (3) $ 11.7 $ 0.6 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Hedge is held by KWR on its wholly-owned subsidiaries. (3) For the year ended December 31, 2015, $6.9 million loss recognized through other income on the consolidated statement of operations, due to a portion of hedge not designated as a net investment hedge. (4) Hedges are presented gross in the consolidated balance sheet. Hedge assets are included in other assets and hedge liabilities are included in other liabilities. In addition to the hedge assets held above there was $13.4 million of unrealized gains recognized through other comprehensive income and $3.2 million of gains recognized through the consolidated statement of operations on currency derivative contracts that were settled during the period. These gains will remain in accumulated other comprehensive income until the underlying investments they were hedging are substantially liquidated by KW Group. There was also $15.1 million of gains recognized through the consolidated statement of operations associated with currency derivative contracts that were related to the Company's sale of its Japanese multifamily portfolio and resolutions of European loan pool investments. KW Group also enters into zero-cost collar option contracts to hedge a portion of its net investment in certain non-U.S. dollar denominated foreign operations. The strike prices above represent the put strike prices associated with those contracts. KW Group will participate in the currency appreciation up to the strike price of the call options, which it sold to offset the cost of the purchased put options. The table below details the currency forward contracts KW Group had as of December 31, 2014: (Amounts in millions, other than forward rate/strike price) Fair Value Assets Change in Unrealized Gains (Losses) December 31, Year Ended December 31, Currency Hedged Type Underlying Currency Notional Amount Trade Date Settlement/Expiration Date Forward Rate/Strike Price 2014 2014 EUR Forward USD €93.5 5/31/2012 - 6/25/2014 6/4/2015 - 6/27/2019 1.2400 - 1.4471 $ 8.7 $ 14.1 GBP Forward USD £118.0 2/13/2014 - 10/9/2014 8/13/2015 - 10/15/2019 1.5943 - 1.6491 5.8 5.8 EUR (1) Forward GBP €196.0 6/18/2014 - 11/10/2014 8/27/2015 - 11/12/2019 0.7905 - 0.8621 9.4 10.0 YEN (2) (3) Option USD ¥42,996.0 9/18/2014 - 12/11/2014 3/26/2015 - 7/31/2015 110.62 - 135.00 6.7 3.0 Total (4) $ 30.6 $ 32.9 (1) Hedge held by KWE on its wholly-owned subsidiaries. (2) Hedge held by KWR on its wholly-owned subsidiaries. (3) For the year ended December 31, 2014, $1.4 million recognized through results of operations due to portion of hedge not designated as a net investment hedge. (4) Hedges are presented gross in the consolidated balance sheet. Hedge assets are included in other assets and hedge liabilities are included in other liabilities. Fair value of financial instruments The carrying amounts of cash and cash equivalents, accounts receivable including related party receivables, accounts payable, accrued expenses and other liabilities, accrued salaries and benefits, and deferred and accrued income taxes approximate fair value due to their short-term maturities. The carrying value of loans (excluding related party loans as they are presumed not to be an arm’s length transaction) approximates fair value as the terms are similar to loans with similar characteristics available in the market. KW Group accounts for its debt liabilities at face value plus net unamortized debt premiums and any fair value adjustments as part of business combinations. As of December 31, 2015 and 2014 , the fair value of our senior notes payable, borrowings under lines of credit, and investment debt was estimated to be approximately $4.3 billion and $3.0 billion , respectively, based on a comparison of the yield that would be required in a current transaction, taking into consideration the risk of the underlying collateral and our credit risk to the current yield of a similar security, compared to their carrying value of $4.4 billion and $3.0 billion at December 31, 2015 and 2014 , respectively. The inputs used to value our senior notes payable, borrowings under lines of credit, mortgage loans payable and junior subordinated debentures are based on observable inputs for similar assets and quoted prices in markets that are not active and are therefore determined to be level 2 inputs.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: December 31, (Dollars in millions) 2015 2014 Above-market leases, net of accumulated amortization of $19.6 million and $6.7 million at December 31, 2015 and 2014 103.3 $ 71.6 Loan fees, net of accumulated amortization of $13.6 million and $5.0 million at December 31, 2015 and 2014, respectively 48.4 36.0 Other, net of accumulated amortization of $3.0 million and $1.8 million at December 31, 2015 and 2014, respectively 36.5 25.8 Hedge assets 30.9 30.6 Office furniture and equipment net of accumulated depreciation of $14.0 million and $5.7 million at December 31, 2015 and December 31, 2014, respectively 27.9 22.0 Goodwill 23.9 23.9 Deferred tax asset, net 22.2 27.6 Prepaid expenses 10.1 11.2 Marketable securities (1) 4.3 6.5 Deposits 4.2 49.9 $ 311.7 $ 305.1 (1) The amount above excludes Kennedy Wilson's 24.7 million shares in KWE as the investment is eliminated due to the consolidation of KWE's results. Based on the closing price of KWE shares on December 31, 2015 , the fair value of Kennedy Wilson's investment in KWE is $440.0 million . Depreciation and amortization expense related to the above depreciable assets were $31.0 million , $11.3 million , and $4.0 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

INVESTMENT DEBT

INVESTMENT DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
INVESTMENT DEBT	INVESTMENT DEBT Mortgage loans at December 31, 2015 and 2014 consist of the following: (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWH Consolidated) Region 2015 2014 Multifamily (1) Western U.S. $ 835.2 $ 565.5 Commercial Western U.S. 286.4 131.0 Residential, Hotel, and Other Western U.S 39.4 37.2 Multifamily (1) Japan — 242.9 Commercial Japan 2.0 2.1 Commercial (1)(2) Ireland 380.3 412.5 Multifamily (1)(2) Ireland 187.1 133.6 Residential and Other (1)(2) Ireland 7.3 29.0 Hotel Ireland 78.2 72.9 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 976.2 569.2 Secured investment debt $ 2,795.5 $ 2,195.9 Unsecured investment debt (1),(2) United Kingdom 862.7 — Investment Debt $ 3,658.2 $ 2,195.9 ———————————————————— (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 (discount) premium as of December 31, 2015 and 2014 was $(5.4) million and $15.4 million . (2) Includes $2,102.2 million and $861.7 million of investment debt on properties that were acquired and held by KWE as of December 31, 2015 and 2014 , respectively. Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 , respectively. See the table below for detailed breakout. (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWE) Region 2015 2014 Commercial (1)(2) Ireland 286.7 323.8 Multifamily (1)(2) Ireland 51.5 40.3 Residential and Other (1)(2) Ireland — 14.6 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 897.9 483.0 Investment Debt $ 1,239.5 $ 861.7 Unsecured (1),(2) United Kingdom 862.7 — $ 2,102.2 $ 861.7 ———————————————————— (1) The mortgage loan payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) 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 (discount) premium as of December 31, 2015 and 2014 was $(13.6) million and $ 0 million , respectively. (2) Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 . The investment debt had a weighted average interest rate of 3.19% and 3.03% per annum at December 31, 2015 and 2014 . As of December 31, 2015 , 67% of KW Group's property level debt is fixed rate, 17% is floating rate with interest caps and 16% is floating rate without interest caps. As of December 31, 2014 , 43% of our property level debt was fixed rate, 38% is floating rate with interest caps and 19% is floating rate without interest caps. During the second quarter of 2015, KWE completed its inaugural bond offering ("KWE Bonds") of approximately $442.0 million (based on December 31, 2015 rates) ( £300 million ) in 3.95% fixed-rate senior unsecured bonds due 2022. The KWE Bonds were issued at a discount and have a carrying value of $435.4 million at December 31, 2015 . KWE effectively reduced the interest rate to 3.35% as a result of it entering into swap arrangements to convert 50% of the proceeds into Euros. In addition, during the fourth quarter of 2015, KWE establishment of a £2.0 billion (approximately $2.9 billion based on December 31, 2015 rates) Euro Medium Term Note ("EMTN") Programme. Under the EMTN Programme, KWE may issue, from time to time, up to £2.0 billion of various types of debt securities in certain markets and currencies. During the fourth quarter of 2015, KWE drew down under its EMTN Programme, with the issuance of senior unsecured notes for an aggregate principal amount of approximately $434.7 million ( €400 million ) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $427.3 million with an annual fixed coupon of 3.25% , and mature in 2025 . The KWE Notes rank pari passu with the KWE Bonds, and are subject to the same restrictive covenants. The trust deed that governs the bonds contain various restrictive covenants for KWE, including, among others, limitations on KWE’s and its material subsidiaries’ ability to provide certain negative pledges. The trust deed limits the ability of KWE and its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the incurrence of the new indebtedness, (1) KWE’s consolidated net indebtedness (as defined in the trust deed) would exceed 60% of KWE’s total assets (as calculated pursuant to the terms of the trust deed); and (2) KWE’s consolidated secured indebtedness (as defined in the trust deed) would exceed 50% of KWE’s total assets (as calculated pursuant to the terms of the trust deed). The trust deed also requires KWE, as of each reporting date, to maintain an interest coverage ratio (as defined in the trust deed) of at least 1.50 to 1.00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed). As of December 31, 2015 , KWE was in compliance with these covenants. In August 2014, KWE entered into a three -year unsecured floating rate revolving debt facility ("KWE Facility") with Bank of America Merrill Lynch, Deutsche Bank, and J.P. Morgan Chase of approximately $331.5 million ( £225 million ) based on rates as of December 31, 2015 . During the year ended December 31, 2015 , KWE drew $55.7 million and repaid $56.0 million on its unsecured credit facility to fund acquisitions. The maximum amount drawn on the unsecured credit facility at any one point during the year ended December 31, 2015 was $56.0 million . The difference in amounts is based on different exchange rates at the time of the initial draw-downs and subsequent repayment. As of December 31, 2015 , the unsecured credit facility was undrawn and $331.5 million ( £225 million ) based on rates as of December 31, 2015 was still available. During the year ended December 31, 2015 , four mortgage loans were consolidated, five acquisitions were partially financed with mortgages, 11 existing mortgages were refinanced, four properties acquired supplemental financing, and two existing investments that closed all equity were subsequently partially financed with mortgages. See Note 4 for more detail on the acquisitions and the investment debt associated with them. The aggregate maturities of mortgage loans and notes payable subsequent to December 31, 2015 are as follows: (Dollars in millions) 2016 $ 43.5 2017 190.3 2018 232.6 2019 859.2 2020 264.9 Thereafter 2,073.1 3,663.6 Debt discount (5.4 ) $ 3,658.2

BORROWINGS UNDER LINES OF CREDI

BORROWINGS UNDER LINES OF CREDIT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
BORROWINGS UNDER LINES OF CREDIT	BORROWINGS UNDER LINES OF CREDIT KWH Facility Kennedy Wilson had an unsecured revolving credit facility ("Pre-Existing KWH Facility") with U.S. Bank and East-West Bank and Bank of Ireland that bears interest at a rate equal to LIBOR plus 2.75% and had a maturity date of October 1, 2016. In July 2014 Kennedy-Wilson, Inc. increased its unsecured corporate line of credit facility from $140.0 million to $300.0 million . The increase was driven by the admission of Bank of America, N.A., Deutsche Bank AG New York Branch and J.P. Morgan Chase Bank, N.A. to the existing lender syndicate and an increased commitment from The Governor and Company of the Bank of Ireland. In December 2015, Kennedy Wilson extinguished the Pre-Existing KWH Facility, which resulted in a $1.0 million loss on early extinguishment of corporate debt. On December 10, 2015, Kennedy-Wilson, Inc. (the “Borrower”), a wholly-owned subsidiary of Kennedy-Wilson Holdings, Inc. (the “Company”) entered into a $475 million unsecured revolving credit facility (the “KW Revolving Facility”) with a syndicate of lenders including JPMorgan Chase Bank, N.A., Deutsche Bank AG New York Branch, U.S. Bank N.A., East West Bank, Fifth Third Bank, The Governor and Company of the Bank of Ireland, Compass Bank, City National Bank, and Bank of America, N.A., as administrative agent and letter of credit issuer. Loans under the KW Revolving Facility bear interest at a rate equal to LIBOR plus 2.50% or 3.00% , depending on the consolidated leverage ratio as of the applicable measurement date, and have a maturity date of December 10, 2018 . Subject to certain conditions precedent and at the Borrower’s option, the maturity date of the KW Revolving Facility may be extended by one year. The KW Revolving Facility has certain covenants that, among other things, limit the Company and certain of its subsidiaries’ ability to incur additional indebtedness, repurchase capital stock or debt, sell assets or subsidiary stock, create or permit liens on assets, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. The credit agreement that governs the KW Revolving Facility requires the Company to maintain (i) a maximum consolidated leverage ratio (as defined in the credit agreement) of not greater than 65% , measured as of the last day of each fiscal quarter, (ii) a minimum fixed charge coverage ratio (as defined in the credit agreement) of not less than 1.60 to 1.00 , measured as of the last day of each fiscal quarter for the period of four full fiscal quarters then ended, (iii) a minimum consolidated tangible net worth equal to or greater than the sum of $ 920,660,504.65 plus an amount equal to fifty percent ( 50% ) of net equity proceeds received by the Company after the date of September 30, 2015 financial statements, measured as of the last day of each fiscal quarter, (iv) a maximum recourse leverage ratio (as defined in the credit agreement) of not greater than an amount equal to consolidated tangible net worth as of the measurement date multiplied by 1.5 , measured as of the last day of each fiscal quarter, (v) a maximum secured recourse leverage ratio (as defined in the credit agreement) of not greater than an amount equal to 3.5% of consolidated total asset value (as defined in the credit agreement) and $138,187,197 , (vi) a maximum adjusted secured leverage ratio (as defined in the credit agreement) of not greater than 55% , measured as of the last day of each fiscal quarter, and (vii) liquidity (as defined in the credit agreement) of at least $250 million. As of December 31, 2015 , the Company’s consolidated leverage ratio was 54% , its fixed charge coverage ratio was 3.9 to 1.00, its consolidated tangible net worth was $1,329.6 million , its adjusted secured leverage ratio was 40.8% , its secured recourse leverage ratio was 1.5% , its recourse leverage ratio was 0.58 , and liquidity was $690.5 million . The obligations of the Borrower pursuant to the Credit Agreement are guaranteed by the Company and certain wholly-owned subsidiaries of the Company. The average outstanding borrowings under the Pre-Existing KWH facility were $35.4 million and $22.9 million during the years ended December 31, 2015 and 2014 , respectively. As of December 31, 2015 , there was $0.0 million outstanding under the KW Revolving Facility. As of December 31, 2014 , there was $125.0 million outstanding under the Pre-Existing KWH Facility.

SENIOR NOTES

SENIOR NOTES	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
SENIOR NOTES	SENIOR NOTES (Dollars in millions) December 31, 2015 December 31, 2014 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 2024 Notes 5.88% 4/1/2024 650.0 (2.4 ) 647.6 650.0 (2.6 ) 647.4 Senior Notes $ 705.0 $ (2.4 ) $ 702.6 $ 705.0 $ (2.6 ) $ 702.4 In March 2014, Kennedy Wilson completed a public offering of $300.0 million aggregate principal amount of 5.875% Senior Notes, due April 1, 2024 (the "2024 Notes"). The 2024 Notes were issued and sold at a public offering price of 99.068% of their principal amount by Kennedy-Wilson, Inc. (the “Issuer”), a wholly owned subsidiary of Kennedy Wilson. In November 2014, the Company completed an additional public offering of $350.0 million aggregate principal amount of 5.875% Senior Notes, due 2024. The additional 2024 Notes have substantially identical terms as the 2024 Notes mentioned above, and are treated as a single series with the 2024 Notes under the 2024 Indenture. The additional 2024 Notes were issued and sold at a public offering price of 100.0% of their principal amount, plus accrued interest from, and including, October 1, 2014 by the Issuer. The amount of the 2024 Notes included in the accompanying consolidated balance sheets was $647.6 million at December 31, 2015 . In November 2014, Kennedy Wilson used the proceeds from the 2024 Notes November 2014 issuance, together with cash on hand, to extinguish its 2019 Notes (as defined below) with an aggregate face value of $350.0 million (and an aggregate carrying value of $353.5 million ) for $380.1 million which resulted in a $25.8 million loss on early extinguishment of corporate debt. In December 2012, the Issuer, in a private placement, issued $100.0 million aggregate principal amount of 8.750% Senior Notes due April 1, 2019 (the "2019 Notes") for approximately $105.3 million , net of premium. The 2019 Notes were issued as additional notes under an indenture dated as of April 5, 2011, among the Issuer; Kennedy Wilson, as parent guarantor; certain subsidiaries of the Issuer, as subsidiary guarantors; and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as trustee, as thereafter supplemented and amended. During 2011, the Issuer issued $200.0 million aggregate principal amount of its 2019 Notes on April 5, 2011 for approximately $198.6 million , net of discount, and an additional $50.0 million aggregate principal amount of such notes on April 12, 2011 for approximately $50.8 million , net of premium. The additional notes had substantially identical terms as the initial 2019 Notes and were treated as a single series under the indenture. In December 2012, Kennedy Wilson completed a public offering of $55.0 million aggregate principal amount of 7.75% Senior Notes due 2042 ("2042 Notes"). The 2042 Notes were issued and sold at a public offering price of 100% of their principal amount by Kennedy-Wilson, Inc. (the “Issuer”), a wholly owned subsidiary of Kennedy Wilson. The amount of the 2042 Notes included in the accompanying consolidated balance sheets was $55.0 million at December 31, 2015 and 2014 , respectively. The indentures governing the 2024 Notes and the 2042 Notes contain various restrictive covenants, including, among others, limitations on our ability and the ability of certain of the Company's subsidiaries to incur or guarantee additional indebtedness, make restricted payments, pay dividends or make any other distributions from restricted subsidiaries, redeem or repurchase capital stock, sell assets or subsidiary stocks, engage in transactions with affiliates, create or permit liens on assets, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indentures governing the 2024 Notes and the 2042 Notes limits the ability of Kennedy Wilson and certain of its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, Kennedy Wilson's maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 to 1.00. This ratio is measured at the time of incurrence of additional indebtedness. As of December 31, 2015 , the balance sheet leverage ratio was 0.62 to 1.00. See Note 19 for the guarantor and non-guarantor financial statements.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
JUNIOR SUBORDINATED DEBENTURES	JUNIOR SUBORDINATED DEBENTURES In September 2014, Kennedy Wilson extinguished its junior subordinated debt with a face value of $40.0 million for $41.5 million which resulted in a $1.5 million loss on early extinguishment of corporate debt.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Related party revenue is fees and other income received from investments in which we have an ownership interest, excluding amounts eliminated in consolidation discussed below. The table below presents related party fees earned during the periods: Year ended December 31, (Dollars in millions) 2015 2014 2013 Investment management, property services, and research fees $ 37.8 $ 57.4 $ 46.0 Total related party revenue $ 37.8 $ 57.4 $ 46.0 The Company provides management and property services on properties in which it also has an ownership interest. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. During the years ended December 31, 2015, 2014 and 2013 fees of $75.0 million , $21.6 million and $4.3 million were eliminated in consolidation. Please refer to footnote 4 for details of certain transactions with existing partners.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The table below represents a geographical breakdown of book income (loss) before the provision for income taxes: Year ended December 31, (Dollars in millions) 2015 2014 2013 Domestic $ 61.2 $ 60.2 $ 27.4 Foreign 51.2 62.3 (10.6 ) Total $ 112.4 $ 122.5 $ 16.8 The U.S. and foreign components of provision for (benefit from) income taxes consisted of the following components. However, it is not reflective of the cash tax results of the Company. Year ended December 31, (Dollars in millions) 2015 2014 2013 Federal Current $ 0.2 $ — $ (0.1 ) Deferred 13.2 31.0 5.2 13.4 31.0 5.1 State Current — 0.1 — Deferred 0.3 5.2 (0.1 ) 0.3 5.3 (0.1 ) Foreign Current 31.9 4.1 0.3 Deferred 7.8 (8.0 ) (2.4 ) 39.7 (3.9 ) (2.1 ) Total $ 53.4 $ 32.4 $ 2.9 A reconciliation of the statutory federal income tax rate of 35% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2015 2014 2013 Tax computed at the statutory rate $ 39.3 $ 41.8 $ 5.6 Foreign permanent differences, primarily non-deductible depreciation, amortization and acquisition-related expenses in the United Kingdom 13.7 0.3 — Sale of KWR, investment basis difference 10.6 — — Effect of foreign taxes, net of foreign tax credits (3.8 ) 3.4 2.3 Noncontrolling interests (2.8 ) (22.7 ) (6.9 ) Adjustment to investment basis 1.4 2.0 — Non-vested stock expense 1.0 — — State income taxes, net of federal benefit (1.5 ) 2.7 — Other (4.5 ) 4.9 1.9 Provision for (benefit from) income taxes $ 53.4 $ 32.4 — $ 2.9 Cumulative tax effects of temporary differences are shown below at December 31, 2015 and 2014 : Year ended December 31, (Dollars in millions) 2015 2014 Deferred tax assets: Foreign currency translation $ 113.6 $ 91.5 Net operating loss carryforward and credits 87.5 40.9 Stock option expense 8.0 4.2 Marketable securities 0.4 0.3 Accrued reserves 0.3 0.3 Total deferred tax assets 209.8 137.2 Valuation allowance (37.7 ) (3.4 ) Net deferred tax assets 172.1 133.8 Deferred tax liabilities: Investment basis, depreciation, amortization and reserve differences 125.6 91.7 Hedging transactions 15.5 11.7 Prepaid expenses and other 6.5 0.5 Capitalized interest 2.3 2.3 Total deferred tax liabilities 149.9 106.2 Deferred tax asset (liability), net $ 22.2 $ 27.6 As of December 31, 2015 , Kennedy Wilson had federal net operating losses of $133.2 million . These net operating losses begin to expire in the year 2030. As of December 31, 2015 , there were also California net operating loss carryforwards of approximately $84.8 million . The California net operating losses begin to expire in the year 2028. In addition, Kennedy Wilson has $5.2 million of other state net operating losses. As of December 31, 2015 , Kennedy Wilson had $164.3 million of foreign net operating losses carryforwards which have no expiration date. We also have foreign tax credit of $10.4 million , which begins to expire in the year 2017. During the years ended December 31, 2015 and 2014, our valuation allowance on deferred tax assets increased by $34.3 million and $3.1 million , respectively. The increase in the valuation allowance in 2015 principally relates to acquired operating loss carryovers in Scotland and Spain where we have concluded that the loss carryovers are not more likely than not realizable. The increase in the 2014 valuation allowance relates to operating losses sustained from one of our consolidated investments in the United Kingdom. Presently a deferred tax liability for undistributed earnings of subsidiaries located outside the United States has not been recorded. These earnings may become taxable upon a payment of a dividend or as a result of a sale or liquidation of the subsidiaries. At this time the Company does not have plans to repatriate income from its foreign subsidiaries, however to the extent that the Company is able to repatriate such earnings in a tax free manner, or in the event of a change in the capital situation or investment strategy, it is possible that the foreign subsidiaries may pay a dividend which would impact our effective tax rate. Unremitted earnings of foreign subsidiaries, which have been, or are intended to be permanently invested, aggregated approximately $4.7 million as of December 31, 2015 . If these subsidiaries' earnings were repatriated to the United States, additional U.S. income taxes of $1.6 million would be incurred. There were no gross unrecognized tax benefits at December 31, 2015 and 2014 . Management has considered the likelihood and significance of possible penalties associated with Kennedy Wilson's current and intended filing positions and has determined, based on its assessment, that such penalties, if any, would not be significant. Kennedy Wilson's federal and foreign statutory income tax returns remain open to examination for the years 2012 through 2014. For income tax purposes, distributions paid to common stockholders and preferred shareholders are return of capital for the year ended December 31, 2015 .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Future minimum lease payments under scheduled operating leases that have initial or remaining noncancelable terms in excess of one year are as follows: (Dollars in millions) Year ending December 31, 2016 $ 3.3 2017 2.1 2018 1.6 2019 1.5 2020 1.5 Thereafter 2.9 Total minimum payments $ 12.9 Rental expense was $4.4 million , $4.3 million , and $3.6 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively, and is included in general and administrative expense in the accompanying consolidated statements of operations . GUARANTEES—The Company has provided guarantees associated with loans secured by assets held in various joint venture partnerships. The maximum potential amount of future payments (undiscounted) the Company could be required to make under the guarantees were approximately $61.7 million at December 31, 2015 . The guarantees expire by the year end of 2026 and Kennedy Wilson's performance under the guarantees would be required to the extent there is a shortfall in liquidation between the principal amount of the loan and the net sales proceeds of the property. CAPITAL COMMITMENTS—As of December 31, 2015 and 2014 , the Company has unfunded capital commitments to its joint ventures in the amounts of $39.8 million and $33.1 million . EMPLOYMENT AGREEMENTS—Kennedy Wilson has entered into employment agreements with its Chief Executive Officer ("CEO"), its President and Chief Executive Officer of its European operations ("CEO - Europe"), its Chief Financial Officer ("CFO"), its Executive Vice President ("EVP"), and its Executive Vice President and General Counsel ("EVP, GC"). The CEO and CEO - Europe have base salaries of $1.5 million and $1.0 million , respectively through August 6, 2021. The CFO, EVP, and EVP, GC have base salaries of $0.6 million , $0.6 million and $0.8 million , respectively through December 29, 2019. Additionally, the employment agreements provide for the payment of an annual discretionary bonus and participation in equity awards approved in an amount determined in the sole and absolute discretion of the Compensation Committee of the board of directors. LITIGATION—Kennedy Wilson is currently a defendant in certain routine litigation arising in the ordinary course of business. It is the opinion of management and legal counsel that the outcome of these actions will not have a material effect on the financial statements taken as a whole.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK COMPENSATION PLANS	STOCK COMPENSATION PLANS In November 2009, Kennedy Wilson adopted the 2009 Equity Participation Plan ("the Equity Plan") that allowed for the grant of up to approximately 2.5 million shares of common stock. As of December 31, 2015 all the restricted share awards were granted to employees, which vest ratably over a five year period. Vesting of the restricted share awards was contingent upon the expected achievement of a performance target as of the initial vesting date of November 13, 2010 and each of the next four years thereafter. The performance targets were achieved for 2011, 2012, 2013, 2014 and 2015. From inception of the plan through December 31, 2015 , 2,576,919 shares have vested and 60,125 shares have been forfeited. The Company re-granted the forfeited shares in 2013 to certain employees. The restricted share awards are recognized as expense on a tranche by tranche basis over the five year performance period. As of December 31, 2015 , there was $0.2 million of unrecognized compensation cost for the Equity Plan related to unvested restricted shares. In June 2012, Kennedy Wilson adopted and its shareholders approved the Amended and Restated 2009 Equity Participation Plan (the "Amended and Restated Plan") under which an additional 3.2 million shares of common stock have been reserved for restricted stock grants to officers, employees, non-employee directors and consultants. The terms of the awards granted under the 2009 Amended and Restated Equity Participation Plan were set by the Company's compensation committee at its discretion. During the year ended December 31, 2012, 3.2 million shares of restricted common stock were granted under the Amended and Restated Plan along with 5,000 shares which remained under the original plan. The shares that were granted vest over five years with 40% vesting ratably in the first four years of the award period and the remaining 60% in the fifth year of the award period. Vesting of the restricted share awards is contingent upon the expected achievement of a performance target in each year of the award period with the initial vesting of the first 10% in January 2013. The performance targets were achieved for 2012, 2013, 2014 and 2015. From inception of the plan through December 31, 2015 , 921,756 shares have vested and 125,248 shares have been forfeited. The Company re-granted the forfeited shares to certain employees. As of December 31, 2015 , there was $28.0 million of unrecognized compensation cost for the Equity Plan related to unvested restricted shares which will vest over the next two years . In July 2014, Kennedy Wilson adopted and its shareholders approved the Amended and Restated 2009 Equity Participation Plan under which an additional 6.0 million shares of common stock have been reserved for restricted stock grants to officers, employees, non-employee directors and consultants. During the year ended December 31, 2015 and 2014, 1.7 million and 3.3 million shares, respectively, of restricted common stock were granted under the 2009 Amended and Restated Equity Participation Plan. The terms of the awards granted under the Amended and Restated Plan were set by the Company's compensation committee at its discretion. The shares will vest ratably over a three , four or five -year year period based on the achievement of certain performance targets. The performance periods will be measured for the awards will be the Company’s fiscal years ending December 31, 2014, 2015, 2016, 2017, 2018 and 2019. The shares which were granted with a three year vesting period have a three year sale restriction period upon vesting. Due to the lack of marketability of these shares with the three year sale restriction period upon vesting, a 15% discount was applied to the grant price these shares when computing stock compensation expense. From inception of the plan through December 31, 2015 , 704,000 shares have vested and 44,400 have been forfeited. As of December 31, 2015 , there was $85.7 million of unrecognized compensation cost for the Equity Plan related to unvested restricted shares which will vest over the next five years . During the years ended December 31, 2015 , 2014 and 2013 , Kennedy Wilson recognized $30.8 million , $15.8 million and $7.5 million of compensation expense related to the vesting of restricted common stock and is included in compensation and related expense in the accompanying consolidated statements of operations . The following table sets forth activity under the Equity Plan and Amended and Restated Plan: Shares Nonvested at December 31, 2013 3,357,202 Granted 3,147,500 Vested (855,494 ) Forfeited (2,475 ) Nonvested at December 31, 2014 5,646,733 Granted 1,754,750 Vested (1,069,990 ) Forfeited (57,148 ) Nonvested at December 31, 2015 6,274,345 Employee Benefit Arrangements Kennedy Wilson has a qualified plan under the provisions of Section 401(k) of the Internal Revenue Code. Under this plan, participants are able to make salary deferral contributions of up to 75% of their total compensation, up to a specified maximum. The 401(k) plan also includes provisions which authorize Kennedy Wilson to make discretionary contributions. During the years ended December 31, 2015 , 2014 and 2013 , Kennedy Wilson made matching contributions of $ 0.3 million, $0.2 million, and $0.2 million, respectively to this plan and they are included in compensation and related expenses in the accompanying consolidated statements of operations .

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
EQUITY	EQUITY Common Stock During the year ended December 31, 2015 , Kennedy Wilson had completed an offering of 8.6 million shares of its common stock, which raised $215.3 million of net proceeds, excluding issuance costs of $0.3 million . In January 2014, Kennedy Wilson completed an offering of 9.2 million shares of its common stock, which raised $190.6 million of net proceeds. In September 2013, Kennedy Wilson completed an offering of 6.9 million shares of its common stock, which raised $122.0 million of net proceeds. In March 2013, Kennedy Wilson completed an offering of 9.0 million shares of its common stock, which raised $133.8 million of net proceeds. In April 2013, Kennedy Wilson issued approximately 1.4 million shares of its common stock as a result of the underwriters fully exercising their option to purchase additional shares, which resulted in net proceeds of $20.1 million . Preferred Stock During 2010, Kennedy Wilson issued two series of Convertible Cumulative Preferred Stock (together “the Preferred Stock”) at 1,000 per share, series A ( 100,000 shares) and series B ( 32,550 shares), for total proceeds less issuance costs of $99.8 million and $32.5 million . The series A Preferred Stock converted into 8,554,948 common shares on May 19, 2015 at a price of $11.69 per share. The series B Preferred Stock is convertible into common stock at any time at the option of the holder prior to November 3, 2018 and is mandatorily convertible into common stock on November 3, 2018. The current conversion price is $9.98 per share as of December 31, 2015 and is subject to further adjustment pursuant to customary anti-dilution provisions. The series B Preferred Stock has a dividend rates of 6.452% payable quarterly and 32,550 shares are still outstanding as of December 31, 2015 . The certificate of designations of the Preferred Stock contain provisions that require Kennedy Wilson to commence an offer to purchase all shares of the Preferred Stock at a purchase price in cash per share of Preferred Stock equal to $1,150 plus all accumulated and accrued dividends upon the occurrence of a fundamental change, defined as a change of control. The parties have agreed that a change of control is deemed to occur when any person or group other than the purchaser of the Preferred Stock and its affiliates, or any officer or director of Kennedy Wilson as of the issue date of the Preferred Stock, acquires directly or indirectly voting control or direction over more than 35% of the voting control of Kennedy Wilson for a period of seven consecutive days following the earlier of the date the Company becomes aware of such acquisition and the date such person or group files a Schedule 13D. This change of control provision is within Kennedy Wilson’s control as the Board of Directors, at its discretion, would be able to issue blank check Preferred Stock at any time for any reason which could dilute the person or group to below the 35% of the voting control threshold. As such, Kennedy Wilson has concluded that the change of control is within the control of Kennedy Wilson and therefore has classified the Preferred Stock as permanent equity in the accompanying consolidated balance sheets. In connection with the issuance of the Preferred Stock, Kennedy Wilson entered into registration rights agreements that allow for the holders of the Preferred Stock, with at least a 51% vote, to demand registration of the Preferred Stock (or converted common stock) on or after November 13, 2010. If Kennedy Wilson does not satisfy the demand for registration, the holders of the Preferred Stock (or converted common stock) would be entitled to receive a payment in an amount equal to 1.50% per annum of the liquidation preference of $1,000 per share. There are sufficient shares of unregistered common stock authorized and unissued to accommodate the conversion feature. Dividend Distributions Kennedy Wilson declared and paid the following cash dividends on its common and preferred stock: (Dollars in millions) Year Ended December 31, 2015 Year Ended December 31, 2014 Declared Paid Declared Paid Preferred Stock Series A (1) $ 1.5 $ 1.5 $ 6.0 $ 6.0 Series B 2.1 2.1 2.1 2.1 Total Preferred Stock 3.6 3.6 8.1 8.1 Common Stock 53.3 48.2 33.6 30.8 Total (2) $ 56.9 $ 51.8 $ 41.7 $ 38.9 ————— (1) The decrease in Series A dividends during the current year is due to the conversion into common shares during the second quarter 2015. See discussion above. (2) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Accumulated Other Comprehensive Income The following table summarizes the changes in each component of accumulated other comprehensive income (loss) ("AOCI"), net of taxes: (Dollars in millions) Foreign Currency Translation Foreign Currency Derivative Contracts Marketable Securities Total Accumulated Other Comprehensive Income Balance at December 31, 2014 $ (42.4 ) $ 14.4 $ (0.2 ) $ (28.2 ) Unrealized (losses) gains, arising during the period (175.4 ) 20.9 0.1 (154.4 ) Amounts reclassified out of AOCI during the period 18.8 (9.0 ) (0.1 ) 9.7 Taxes on unrealized (losses) gains, arising during the period 37.1 (14.6 ) — 22.5 Noncontrolling interest 92.0 10.7 — 102.7 Balance at December 31, 2015 $ (69.9 ) $ 22.4 $ (0.2 ) $ (47.7 ) The local currencies for our interests in foreign operations include the euro, the British pound sterling, and the Japanese yen. The related amounts on our balance sheets are translated into U.S. dollars at the exchange rates at the respective financial statement date, while amounts on our statements of operations are translated at the average exchange rates during the respective period. The increase in the unrealized losses on foreign currency translation is a result of the strengthening of the U.S. dollar against the Japanese yen, euro and British pound sterling during the year ended December 31, 2015 . In order to manage currency fluctuations, KW Group entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (Euro, GBP and Yen) of certain of its wholly-owned and consolidated subsidiaries. See note 6 for a more detailed discussion of KW Group's currency derivative contracts. As discussed throughout this report, we are required under U.S. GAAP to consolidate certain non-wholly owned subsidiaries or investments that we control. As such, our financial statements reflect currency translation adjustments and related hedging activities on a gross basis. In many instances, these fluctuations are not reflective of the actual foreign currency exposure of the underlying consolidated subsidiary. For example, we are required to translate the activities of KWE into US dollars even though KWE does not invest in US dollar denominated assets. Therefore, it is important to look at the provided currency translation and currency derivative adjustment information net of noncontrolling interests to get a more accurate understanding of the actual currency exposure for the Company . Noncontrolling Interests Noncontrolling interests consist of the ownership interests of noncontrolling shareholders in consolidated subsidiaries, and are presented separately on KW Group's balance sheet. As of December 31, 2015 and 2014 the Company has noncontrolling interest of $1.7 billion and $2.1 billion . The decrease in noncontrolling interests during 2015 is primarily due to the Company's distributions to noncontrolling interests of $239.2 million . The Company also allocated $15.7 million of loss, $102.7 million of other comprehensive losses and received contributions of $14.5 million to noncontrolling interest holders.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Under FASB ASC Topic 260-10-45 Earnings Per Share , the Company uses the two-class method to calculate earnings per share. Basic earnings per share is calculated based on dividends declared (“distributed earnings”) and the rights of common shares and participating securities in any undistributed earnings, which represents net income remaining after deduction of dividends declared during the period. Participating securities, which include unvested restricted stock, are included in the computation of earnings per share pursuant to the two-class method. The undistributed earnings are allocated to all outstanding common shares and participating securities based on the relative percentage of each security to the total number of outstanding securities. Basic earnings per common share and participating securities represent the summation of the distributed and undistributed earnings per common share and participating security divided by the total weighted average number of common shares outstanding and the total weighted average number of participating securities outstanding during the respective periods. We only present the earnings per share attributable to the common shareholders. Net losses, after deducting the dividends to participating securities, are allocated in full to the common shares since the participating security holders do not have an obligation to share in the losses, based on the contractual rights and obligations of the participating securities. Because KW Group incurred losses for year ended December 31, 2013, all potentially dilutive instruments are anti-dilutive and have been excluded from our computation of weighted average dilutive shares outstanding for that period. The following is a summary of the elements used in calculating basic and diluted income (loss) per share for the years ended December 31, 2015, 2014, and 2013: The following table sets forth the computation of basic and diluted earnings per share: Year ended December 31, (Dollars in millions, except share amounts and per share data) 2015 2014 2013 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 71.1 $ 13.8 $ (14.5 ) Net income and dividends allocated to participating securities (2.9 ) (1.4 ) (0.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 68.2 12.4 (15.4 ) Dividends declared on common shares (51.1 ) (32.3 ) (20.9 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 17.1 $ (19.9 ) $ (36.3 ) Distributed earnings per share $ 0.48 $ 0.36 $ 0.28 Undistributed (losses) earnings per share 0.18 (0.22 ) (0.49 ) Income (loss) per basic 0.66 0.14 (0.21 ) Income (loss) per diluted $ 0.66 $ 0.14 $ (0.21 ) Weighted-average shares outstanding for basic 103,261,513 89,200,855 71,159,919 Weighted average shares outstanding for diluted 109,553,728 91,555,214 71,159,919 Dividends declared per common share $ 0.48 $ 0.36 $ 0.28 All potentially dilutive securities were dilutive during the year ended December 31, 2015. The dilutive shares from convertible securities have not been included in the diluted weighted average shares as Kennedy Wilson for the year ended December 31, 2014 as they are anti-dilutive. For the year ended December 31, 2013 the dilutive shares for warrants, convertible securities, and unvested shares have not been included as they are anti-dilutive. There was a total of 11,100,074 and 13,494,478 potentially dilutive securities as of December 31, 2014 and 2013 not included as part of the calculation above as they were anti-dilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Kennedy Wilson's business is defined by two core segments: KW Investments and KW Services. KW Investments invests in multifamily, residential and commercial properties as well as loans secured by real estate. KW Services provides a full array of real estate-related services to investors and lenders, with a strong focus on financial institution-based clients. Kennedy Wilson’s segment disclosure with respect to the determination of segment profit or loss and segment assets is based on these services and investments. KW Investments We invest our capital in real estate assets and loans secured by real estate either on our own or through our investment management platform. When we have partners, we are typically the general partner in the arrangement with a promoted interest in the profits of our investments beyond our ownership percentage. The Company has an average ownership interest across all investments of approximately 38% as of December 31, 2015 . Our equity partners include public shareholders, financial institutions, foundations, endowments, high net worth individuals and other institutional investors. See the "Business Segments" section in Item 1 for a more detailed discussion of the different components of the KW Investments segment. Substantially all of the revenue—related party was generated via inter-segment activity for the years ended December 31, 2015 , 2014 and 2013 . Generally, this revenue consists of fees earned on investments in which Kennedy Wilson also has an ownership interest. The amounts representing investments with related parties and non-affiliates are included in the investment segment. The fees earned from related parties are included in the services segment. KW Services KW Services includes both our investment management platform as well as our third party services business and offers a comprehensive line of real estate services for the full lifecycle of real estate ownership to clients that include shareholders of KWE, financial institutions, institutional investors, insurance companies, developers, builders and government agencies. KW Services has five main lines of business: investment management, property services, research, brokerage, and auction and conventional sales. These five business lines generate revenue for us through fees and commissions. See the "Business Segments" section in Item 1 for a more detailed discussion of the different components of the KW Services segment. The Company manages approximately 50 million square feet of properties for the Company and its investment partners (including KWE) in the United States, Europe, and Asia, which includes assets we have ownership interests in and third party owned assets. With 25 offices throughout the United States, the United Kingdom, Ireland, Jersey, Spain, Italy and Japan, we have the capabilities and resources to provide property services to real estate owners as well as the experience, as a real estate investor, to understand client concerns. The managers of KW Services have an extensive track record in their respective lines of business and in the real estate community as a whole. Their knowledge and relationships are an excellent driver of businesses through the services business as well as on the investment front. Additionally, KW Services plays a critical role in supporting our investment strategy by providing local market intelligence and real-time data for evaluating investments, generating proprietary transaction flow and creating value through efficient implementation of asset management or repositioning strategies. No single third party client accounted for 10% or more of Kennedy Wilson's revenue during any period presented in these financial statements. The following tables summarize the income and expense activity by segment for the years ended December 31, 2015 , 2014 and 2013 and total assets as of December 31, 2015 , 2014 and 2013 . Year Ended December 31, (Dollars in millions) 2015 2014 2013 Investments Rental $ 404.8 $ 206.9 $ 40.3 Hotel 106.4 63.3 2.7 Sale of real estate 3.7 28.4 10.1 Loans and other income 19.5 17.4 1.9 Total revenue 534.4 316.0 55.0 Depreciation and amortization (166.3 ) (104.5 ) (17.4 ) Operating Expenses (283.3 ) (201.6 ) (69.1 ) Income from unconsolidated investments 93.6 48.3 41.4 Operating Income 178.4 58.2 9.9 Gain on sale of real estate 72.4 — — Acquisition-related gains 108.1 218.1 56.6 Acquisition-related expenses (37.3 ) (19.7 ) (1.6 ) Interest expense-investment (108.8 ) (46.3 ) (11.8 ) Other (2.5 ) 5.1 (2.2 ) Income before benefit from income taxes 210.3 215.4 50.9 (Provision for) benefit from income taxes (23.4 ) — — Net income 186.9 215.4 50.9 Net income attributable to the non-controlling interests 15.3 (73.6 ) (20.3 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 202.2 $ 141.8 $ 30.6 Year Ended December 31, (Dollars in millions) 2015 2014 2013 Services Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively) $ 69.3 $ 82.6 $ 68.1 Total revenue 69.3 82.6 68.1 Operating expenses (69.7 ) (61.1 ) (40.7 ) Income from unconsolidated investments 3.8 5.9 — Net Income 3.4 27.4 27.4 Net loss attributable to the noncontrolling interests 0.4 5.4 — Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 3.8 $ 32.8 $ 27.4 Year Ended December 31, (Dollars in millions) 2015 2014 2013 Corporate Operating expenses $ (53.4 ) $ (35.8 ) $ (21.9 ) Operating loss (53.4 ) (35.8 ) (21.9 ) Interest income — — 0.3 Interest expense - corporate (46.9 ) (57.1 ) (39.9 ) Loss on extinguishment of corporate debt (1.0 ) (27.3 ) — Other — — — Loss before (provision for) income taxes (101.3 ) (120.2 ) (61.5 ) (Provision for) benefit from income taxes (30.0 ) (32.4 ) (2.9 ) Net loss (131.3 ) (152.6 ) (64.4 ) Preferred dividends and accretion of preferred stock issuance costs (3.6 ) (8.1 ) (8.1 ) Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (134.9 ) $ (160.7 ) $ (72.5 ) Year Ended December 31, (Dollars in millions) 2015 2014 2013 Consolidated Rental $ 404.8 $ 206.9 $ 40.3 Hotel 106.4 63.3 2.7 Sale of real estate 3.7 28.4 10.1 Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively) 69.3 82.6 68.1 Loans purchases, loan originations, and other 19.5 17.4 1.9 Total revenue 603.7 398.6 123.1 Operating expenses 406.4 298.6 131.7 Depreciation and amortization 166.3 104.5 17.4 Total operating expenses 572.7 403.1 149.1 Income from unconsolidated investments 97.4 54.2 41.4 Operating income 128.4 49.7 15.4 Gain on sale of real estate 72.4 — — Acquisition-related gains 108.1 218.1 56.6 Acquisition-related expenses (37.3 ) (19.7 ) (1.6 ) Interest expense - investment (108.8 ) (46.3 ) (11.8 ) Interest expense - corporate (46.9 ) (57.1 ) (39.9 ) Loss on extinguishment of corporate debt (1.0 ) (27.3 ) — Other (2.5 ) 5.1 (1.9 ) Income before benefit from income taxes 112.4 122.5 16.8 (Provision for) benefit from income taxes (53.4 ) (32.4 ) (2.9 ) Net income 59.0 90.1 13.9 Net income attributable to the noncontrolling interests 15.7 (68.2 ) (20.3 ) Preferred dividends and accretion of preferred stock issuance costs (3.6 ) (8.1 ) (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 71.1 $ 13.8 $ (14.5 ) December 31, (Dollars in millions) 2015 2014 Assets Investments $ 7,418.6 $ 6,017.9 Services 58.1 60.2 Corporate 163.4 254.0 Total assets $ 7,640.1 $ 6,332.1 December 31, (Dollars in millions) 2015 2014 2013 Expenditures for long lived assets Investments $ (1,927.6 ) $ (1,962.2 ) $ (168.5 ) Geographic Information: The revenue shown in the table below is allocated based upon the country in which services are performed. Year Ended December 31, (Dollars in millions) 2015 2014 2013 United States $ 229.3 $ 174.9 $ 87.6 Europe 361.1 209.2 35.1 Japan 13.3 14.5 0.4 Total Revenue $ 603.7 $ 398.6 $ 123.1

GUARANTOR AND NON-GUARANTOR FIN

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2015
Guarantor and Nonguarantor Financial Statements [Abstract]
GUARANTOR AND NON-GARANTOR FINANCIAL STATEMENTS	GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS The following consolidating financial information and condensed consolidating financial information includes: (1) Condensed consolidating balance sheets as of December 31, 2015 and 2014 , respectively; consolidating statements of operations and comprehensive (loss) income for the years ended December 31, 2015 , 2014 , and 2013 , respectively; and condensed consolidating statements of cash flows for the years ended December 31, 2015 , 2014 , and 2013 , respectively, of (a) Kennedy-Wilson Holdings, Inc. on an unconsolidated basis as the parent (and guarantor), (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and (2) Elimination entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent guarantor, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 80.2 $ 37.0 $ 65.4 $ — $ 182.6 Cash held by consolidated investments — — — 549.0 — 549.0 Accounts receivable — — 30.2 24.5 — 54.7 Loan purchases and originations — 79.4 12.2 245.9 (37.8 ) 299.7 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,017.5 4,780.0 — 5,797.5 Unconsolidated investments — 14.6 292.6 137.7 — 444.9 Investments in and advances to consolidated subsidiaries 1,148.0 1,898.9 1,185.4 0.2 (4,232.5 ) — Other assets — — 30.2 281.5 — 311.7 Total Assets $ 1,148.0 $ 2,073.1 $ 2,605.1 $ 6,084.2 $ (4,270.3 ) $ 7,640.1 Liabilities Accounts Payable — 0.5 2.5 19.2 — 22.2 Accrued expenses and other liabilities 14.0 222.0 118.8 37.2 — 392.0 Senior notes payable — 702.6 — — — 702.6 Investment debt — — 584.9 3,111.1 (37.8 ) 3,658.2 Total liabilities 14.0 925.1 706.2 3,167.5 (37.8 ) 4,775.0 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,134.0 1,148.0 1,898.9 1,185.4 (4,232.5 ) 1,133.8 Noncontrolling interests — — — 1,731.3 — 1,731.3 Total equity 1,134.0 1,148.0 1,898.9 2,916.7 (4,232.5 ) 2,865.1 Total liabilities and equity $ 1,148.0 $ 2,073.1 $ 2,605.1 $ 6,084.2 $ (4,270.3 ) $ 7,640.1 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 38.2 $ 21.0 $ 115.4 $ — $ 174.6 Cash held by consolidated investments — — — 763.1 — 763.1 Accounts receivable — — 31.5 24.1 — 55.6 Loan purchases and originations — 38.5 20.6 292.1 (37.8 ) 313.4 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 474.5 3,753.6 — 4,228.1 Unconsolidated investments — 9.3 328.7 154.2 — 492.2 Investments in and advances to consolidated subsidiaries 909.8 1,655.0 1,065.6 — (3,630.4 ) — Other assets — 63.7 40.6 200.8 — 305.1 Total Assets $ 909.8 $ 1,804.7 $ 1,982.5 $ 5,303.3 $ (3,668.2 ) $ 6,332.1 Liabilities Accounts payable, accrued expenses and other liabilities $ 8.7 $ 67.5 $ 79.2 $ 109.5 $ — $ 264.9 Senior notes payable — 702.4 — — — 702.4 Investment debt — — 248.3 1,985.4 (37.8 ) 2,195.9 Line of credit — 125.0 — — — 125.0 Total liabilities 8.7 894.9 327.5 2,094.9 (37.8 ) 3,288.2 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 901.1 909.8 1,655.0 1,065.6 (3,630.4 ) 901.1 Noncontrolling interests — — — 2,142.8 — 2,142.8 Total equity 901.1 909.8 1,655.0 3,208.4 (3,630.4 ) 3,043.9 Total liabilities and equity $ 909.8 $ 1,804.7 $ 1,982.5 $ 5,303.3 $ (3,668.2 ) $ 6,332.1 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 65.4 $ 339.4 $ — $ 404.8 Hotel — — — 106.4 — 106.4 Sale of real estate — — — 3.7 — 3.7 Investment management, property services, and research fees — — 66.1 3.2 — 69.3 Loan purchases, loan originations, and other — 0.1 1.2 18.2 — 19.5 Total revenue — 0.1 132.7 470.9 — 603.7 Operating expenses Rental operating — — 25.3 82.7 — 108.0 Hotel operating — — — 89.9 — 89.9 Cost of real estate sold — — — 2.6 — 2.6 Commission and marketing — 1.6 4.6 1.1 — 7.3 Compensation and related 30.8 50.1 65.4 8.5 — 154.8 General and administrative — 15.0 16.7 12.1 — 43.8 Depreciation and amortization — 0.8 20.8 144.7 — 166.3 Total operating expenses 30.8 67.5 132.8 341.6 — 572.7 Income from unconsolidated investments — 0.4 79.3 17.7 — 97.4 Income (loss) from consolidated subsidiaries 89.8 220.1 95.9 — (405.8 ) — Operating income (loss) 59.0 153.1 175.1 147.0 (405.8 ) 128.4 Non-operating income (expense) Acquisition-related gains — — 70.0 38.1 — 108.1 Acquisition-related expenses — (0.8 ) (0.7 ) (35.8 ) — (37.3 ) Interest expense - corporate — (46.9 ) — — — (46.9 ) Interest expense - investment — — (15.8 ) (93.0 ) — (108.8 ) Loss on early extinguishment of corporate debt — (1.0 ) — — — (1.0 ) Gain on sale of real estate — — 0.1 72.3 — 72.4 Other (expense) income — 1.0 (1.7 ) (1.8 ) — (2.5 ) Income (loss) before provision from income taxes 59.0 105.4 227.0 126.8 (405.8 ) 112.4 Provision for income taxes — (15.6 ) (6.9 ) (30.9 ) — (53.4 ) Net income (loss) 59.0 89.8 220.1 95.9 (405.8 ) 59.0 Net loss attributable to the noncontrolling interests — — — 15.7 — 15.7 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 59.0 89.8 220.1 111.6 (405.8 ) 74.7 Preferred stock dividends and accretion of issuance costs (3.6 ) — — — — (3.6 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 55.4 $ 89.8 $ 220.1 $ 111.6 $ (405.8 ) $ 71.1 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 20.4 $ 186.5 $ — $ 206.9 Hotel — — — 63.3 — 63.3 Sale of real estate — — 0.7 27.7 — 28.4 Investment management, property services, and research fees — — 78.9 3.7 — 82.6 Loan purchases, loan originations, and other — 0.1 2.0 15.3 — 17.4 Total revenue — 0.1 102.0 296.5 — 398.6 Operating expenses Rental operating — — — 59.3 — 59.3 Hotel operating — — — 57.1 — 57.1 Cost of real estate sold — — 0.7 20.0 — 20.7 Commission and marketing expenses — — 4.4 1.2 — 5.6 Compensation and related expenses 15.9 52.8 38.1 7.0 — 113.8 General and administrative — 12.4 15.8 13.9 — 42.1 Depreciation and amortization — 0.9 12.2 91.4 — 104.5 Total operating expenses 15.9 66.1 71.2 249.9 — 403.1 Income from unconsolidated investments — 3.4 39.0 11.8 — 54.2 Income (loss) from consolidated subsidiaries 106.0 278.4 215.5 — (599.9 ) — Operating income (loss) 90.1 215.8 285.3 58.4 (599.9 ) 49.7 Non-operating income (expense) Acquisition-related gains — (7.0 ) 3.7 221.4 — 218.1 Acquisition-related expenses — — (2.3 ) (17.4 ) — (19.7 ) Interest expense - corporate — (56.3 ) — (0.8 ) — (57.1 ) Interest expense - investment — — (6.8 ) (39.5 ) — (46.3 ) Loss on early extinguishment of corporate debt — (27.3 ) — — — (27.3 ) Other (expense) income — 0.2 1.5 3.4 — 5.1 Income (loss) before benefit from income taxes 90.1 125.4 281.4 225.5 (599.9 ) 122.5 Provision for income taxes — (19.4 ) (3.0 ) (10.0 ) — (32.4 ) Net income (loss) 90.1 106.0 278.4 215.5 (599.9 ) 90.1 Net income attributable to the noncontrolling interests — — — (68.2 ) — (68.2 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 90.1 106.0 278.4 147.3 (599.9 ) 21.9 Preferred dividends and accretion of preferred stock issuance costs (8.1 ) — — — — (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 82.0 $ 106.0 $ 278.4 $ 147.3 $ (599.9 ) $ 13.8 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental — 0.1 6.7 33.5 — 40.3 Hotel — — — 2.7 — 2.7 Sale of real estate — — 10.1 — — 10.1 Investment management, property services, and research fees — 0.4 26.9 40.8 — 68.1 Loan purchases, loan originations, and other — — 1.9 — — 1.9 Total revenue — 0.5 45.6 77.0 — 123.1 Operating expenses Rental operating — — 3.5 13.2 — 16.7 Hotel operating — — — 2.2 — 2.2 Cost of real estate sold — — 7.9 — — 7.9 Commission and marketing expenses — 0.3 2.9 0.4 — 3.6 Compensation and related expenses 7.5 31.9 14.8 22.5 — 76.7 General and administrative 0.3 9.4 5.1 9.8 — 24.6 Depreciation and amortization — 0.9 4.8 11.7 — 17.4 Total operating expenses 7.8 42.5 39.0 59.8 — 149.1 Income (loss) from unconsolidated investments — 2.9 52.1 (13.6 ) — 41.4 Income (loss) from consolidated subsidiaries 21.7 105.4 51.3 — (178.4 ) — Operating income 13.9 66.3 110.0 3.6 (178.4 ) 15.4 Non-operating income (expense) Acquisition-related gains — — — 56.6 — 56.6 Acquisition-related expenses — (0.2 ) (0.4 ) (1.0 ) — (1.6 ) Interest expense - corporate — (39.9 ) — — — (39.9 ) Interest expense - investment — — (1.8 ) (10.0 ) — (11.8 ) Other income (expense) — 0.4 (2.4 ) 0.1 — (1.9 ) Income before (provision for) benefit from income taxes 13.9 26.6 105.4 49.3 (178.4 ) 16.8 (Provision for) benefit from income taxes — (4.9 ) — 2.0 — (2.9 ) Net income (loss) 13.9 21.7 105.4 51.3 (178.4 ) 13.9 Net income attributable to the noncontrolling interests — — — (20.3 ) — (20.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 13.9 21.7 105.4 31.0 (178.4 ) (6.4 ) Preferred dividends and accretion of preferred stock issuance costs (8.1 ) — — — — (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 5.8 $ 21.7 $ 105.4 $ 31.0 $ (178.4 ) $ (14.5 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income $ 59.0 $ 89.8 $ 220.1 $ 95.9 $ (405.8 ) $ 59.0 Other comprehensive income (loss), net of tax: Unrealized gain (loss) on marketable securities 0.1 0.1 — — (0.1 ) 0.1 Unrealized foreign currency translation gain (loss) (138.3 ) (138.3 ) (13.6 ) (29.6 ) 181.5 (138.3 ) Amounts reclassified from accumulated other comprehensive income 9.7 9.7 (0.6 ) 10.3 (19.4 ) 9.7 Unrealized forward contract forward currency gain (loss) 6.3 6.3 11.5 (5.2 ) (12.6 ) 6.3 Total other comprehensive income (loss) for the period $ (122.2 ) $ (122.2 ) $ (2.7 ) $ (24.5 ) $ 149.4 $ (122.2 ) Comprehensive income (63.2 ) (32.4 ) 217.4 71.4 (256.4 ) (63.2 ) Comprehensive income attributable to noncontrolling interests — — — 118.4 — 118.4 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ (63.2 ) $ (32.4 ) $ 217.4 $ 189.8 $ (256.4 ) $ 55.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income (loss) $ 90.1 $ 106.0 $ 278.4 $ 215.5 $ (599.9 ) $ 90.1 Other comprehensive income (loss), net of tax: Unrealized gain (loss) on marketable securities (0.2 ) (0.2 ) — — 0.2 (0.2 ) Unrealized foreign currency translation gain (loss) (46.4 ) (46.4 ) 1.9 (41.0 ) 85.5 (46.4 ) Amounts reclassified from accumulated other comprehensive income (7.1 ) (7.1 ) 1.2 (8.3 ) 14.2 (7.1 ) Unrealized forward contract forward currency gain (loss) 16.3 16.3 4.9 15.2 (36.4 ) 16.3 Total other comprehensive income (loss) for the period (37.4 ) (37.4 ) 8.0 (34.1 ) 63.5 (37.4 ) Comprehensive income (loss) $ 52.7 $ 68.6 $ 286.4 $ 181.4 $ (536.4 ) $ 52.7 Comprehensive income attributable to noncontrolling interests — — — (15.6 ) — (15.6 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 52.7 $ 68.6 $ 286.4 $ 165.8 $ (536.4 ) $ 37.1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income (loss) $ 13.9 $ 21.7 $ 105.4 $ 51.3 $ (178.4 ) $ 13.9 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation gain (loss) (9.3 ) (9.3 ) (10.0 ) 0.8 18.5 (9.3 ) Amounts reclassified from accumulated other comprehensive income 2.8 2.8 2.8 — (5.6 ) 2.8 Unrealized forward contract forward currency gain (loss) 3.1 3.1 5.0 — (8.1 ) 3.1 Total other comprehensive income (loss) for the period (3.4 ) (3.4 ) (2.2 ) 0.8 4.8 (3.4 ) Comprehensive income (loss) $ 10.5 $ 18.3 $ 103.2 $ 52.1 $ (173.6 ) $ 10.5 Comprehensive income attributable to noncontrolling interests — — — (20.3 ) — (20.3 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 10.5 $ 18.3 $ 103.2 $ 31.8 $ (173.6 ) $ (9.8 ) CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by operating activities $ 5.3 $ 67.4 $ 105.4 $ 0.1 $ 178.2 Cash flows from investing activities: Additions to loans — (41.0 ) — (194.8 ) (235.8 ) Collections of loans — — 8.8 19.0 27.8 Nonrefundable escrow deposits — — — (3.8 ) (3.8 ) Net proceeds from sale of real estate — — — 622.6 622.6 Purchases of and additions to real estate — — (220.3 ) (1,707.3 ) (1,927.6 ) Investment in marketable securities — — (5.0 ) — (5.0 ) Proceeds from sale of marketable securities — — 6.2 — 6.2 Investing distributions from unconsolidated investments — 83.1 96.9 180.0 Contributions to unconsolidated investments — (2.9 ) (81.5 ) (99.9 ) (184.3 ) Proceeds from settlement of foreign currency derivative contracts — 23.4 — 18.1 41.5 Purchases of foreign currency derivative contracts — (3.6 ) — (1.6 ) (5.2 ) (Investments in) distributions from consolidated subsidiaries, net (157.1 ) 128.4 (40.0 ) 68.7 — Net cash (used in) provided by investing activities (157.1 ) 104.3 (248.7 ) (1,182.1 ) (1,483.6 ) Cash flow from financing activities: Borrowings under lines of credit — 95.0 — — 95.0 Repayment of lines of credit — (220.0 ) — — (220.0 ) Borrowings under investment debt — — 168.1 1,919.8 2,087.9 Repayment of investment debt — — (7.4 ) (673.7 ) (681.1 ) Debt issue costs — (4.7 ) (1.4 ) (15.6 ) (21.7 ) Issuance of common stock 215.0 — — — 215.0 Repurchase of common stock (11.4 ) — — — (11.4 ) Dividends paid (51.8 ) — — — (51.8 ) Acquisitions of noncontrolling interests — — — (68.4 ) (68.4 ) Contributions from noncontrolling interests — — — 14.5 14.5 Distributions to noncontrolling interests — — — (239.2 ) (239.2 ) Net cash provided by (used in) financing activities 151.8 (129.7 ) 159.3 937.4 1,118.8 Effect of currency exchange rate changes on cash and cash equivalents — — — (19.5 ) (19.5 ) Net change in cash and cash equivalents — 42.0 16.0 (264.1 ) (206.1 ) Cash and cash equivalents, beginning of year — 38.2 21.0 878.5 937.7 Cash and cash equivalents, end of year $ — $ 80.2 $ 37.0 $ 614.4 $ 731.6 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities: $ (1.0 ) $ (203.8 ) $ 125.1 $ 177.8 $ 98.1 Cash flows from investing activities: Additions to loans — — (10.7 ) (526.1 ) (536.8 ) Collections of loans — — 15.1 80.8 95.9 Net proceeds from sale of real estate — — — 24.7 24.7 Purchases of and additions to real estate — (0.6 ) (141.5 ) (1,820.1 ) (1,962.2 ) Nonrefundable escrow deposits — — — (47.7 ) (47.7 ) Investment in marketable securities — — (11.5 ) — (11.5 ) Proceeds from sale of marketable securities — — 8.6 — 8.6 Investing distributions from unconsolidated investments — 0.3 52.1 59.4 111.8 Contributions to unconsolidated investments — (2.0 ) (70.8 ) (94.9 ) (167.7 ) Proceeds from settlement of foreign currency derivative contracts — — — 14.4 14.4 Purchases of foreign currency derivative contracts — — — (2.7 ) (2.7 ) (Investments in) distributions from consolidated subsidiaries, net (142.5 ) (172.8 ) (89.7 ) 405.0 — Net cash (used in) provided by investing activities (142.5 ) (175.1 ) (248.4 ) (1,907.2 ) (2,473.2 ) Cash flow from financing activities: Borrowings under senior notes payable — 647.2 — — 647.2 Repayment of senior notes payable — (350.0 ) — — (350.0 ) Repayments of junior subordinated debt — (40.0 ) — — (40.0 ) Borrowings under lines of credit — 215.0 — — 215.0 Repayment of lines of credit — (90.0 ) — — (90.0 ) Borrowings under investment debt — — 68.8 1,215.0 1,283.8 Repayment of investment debt — — (0.7 ) (345.1 ) (345.8 ) Debt issue costs — (13.3 ) (1.0 ) (24.4 ) (38.7 ) Issuance of common stock 190.6 — — — 190.6 Repurchase of common stock (8.2 ) — — — (8.2 ) Proceeds from issuance of KWE shares, net — — — 1,827.2 1,827.2 Dividends paid (38.9 ) — — — (38.9 ) Acquisitions of noncontrolling interests — — — (51.0 ) (51.0 ) Contributions from noncontrolling interests — — — 19.9 19.9 Distributions from noncontrolling interests — — — (57.7 ) (57.7 ) Net cash provided by financing activities 143.5 368.9 67.1 2,583.9 3,163.4 Effect of currency exchange rate changes on cash and cash equivalents — — — (28.8 ) (28.8 ) Net change in cash and cash equivalents — (10.0 ) (56.2 ) 825.7 759.5 Cash and cash equivalents, beginning of year — 48.2 77.2 52.8 178.2 Cash and cash equivalents, end of year $ — $ 38.2 $ 21.0 $ 878.5 $ 937.7 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities: $ 0.6 $ (67.0 ) $ 47.6 $ 50.1 $ 31.3 Cash flows from investing activities: Additions to loans — (39.6 ) (22.1 ) — (61.7 ) Settlements of loans — 7.8 38.1 0.1 46.0 Net proceeds from sale of real estate — — 9.8 0.3 10.1 Purchases of and additions to real estate — — (62.4 ) (106.1 ) (168.5 ) Nonrefundable escrow deposits — (4.0 ) — — (4.0 ) Short term investment — 10.0 — — 10.0 Sale of participation interests — — 6.6 — 6.6 Capitalized development costs — (1.4 ) — — (1.4 ) Investment in marketable securities — — (3.7 ) — (3.7 ) Distributions from unconsolidated investments — 0.4 167.8 7.2 175.4 Contributions to unconsolidated investments — (2.3 ) (230.2 ) (125.1 ) (357.6 ) (Investments in) distributions from consolidated subsidiaries, net (262.6 ) 104.4 43.8 114.4 — Net cash (used in) provided by investing activities (262.6 ) 75.3 (52.3 ) (109.2 ) (348.8 ) Cash flow from financing activities: Borrowings under lines of credit — 125.0 — — 125.0 Repayment of lines of credit — (125.0 ) — — (125.0 ) Borrowings under investment debt — — 41.1 71.4 112.5 Repayment of investment debt — — — (1.7 ) (1.7 ) Debt issuance costs — (1.3 ) (0.3 ) (0.6 ) (2.2 ) Issuance of common stock 275.9 — — — 275.9 Repurchase of common stock (3.8 ) — — — (3.8 ) Repurchase of warrants (1.4 ) — — — (1.4 ) Exercise of warrants 15.4 — — — 15.4 Dividends paid (24.1 ) — — — (24.1 ) Contributions from noncontrolling interests — — — 1.4 1.4 Distributions from noncontrolling interests — — — (0.6 ) (0.6 ) Intercompany receivables, net — (23.5 ) — 23.5 — Net cash provided by (used in) financing activities 262.0 (24.8 ) 40.8 93.4 371.4 Effect of currency exchange rate changes on cash and cash equivalents — 0.2 2.6 0.6 3.4 Net change in cash and cash equivalents — (16.3 ) 38.7 34.9 57.3 Cash and cash equivalents, beginning of year — 64.5 38.5 17.9 120.9 Cash and cash equivalents, end of year $ — $ 48.2 $ 77.2 $ 52.8 $ 178.2

UNAUDITED QUARTERLY INFORMATION

UNAUDITED QUARTERLY INFORMATION	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY INFORMATION	UNAUDITED QUARTERLY INFORMATION (Dollars in millions, except earnings per share amounts) Year ended December 31, 2015 Fourth Quarter Third Quarter Second Quarter First Quarter Revenues $ 166.3 $ 159.2 $ 140.5 $ 137.7 Operating expenses 164.9 144.5 141.9 121.4 Income from unconsolidated investments 53.3 15.9 17.0 11.2 Operating income 54.7 30.6 15.6 27.5 Non-operating (expenses) income (5.5 ) (21.0 ) 50.4 (39.9 ) Income (loss) before provision for income taxes 49.2 9.6 66.0 (12.4 ) (Provision for) benefit from income taxes (20.9 ) (4.5 ) (36.1 ) 8.1 Net income (loss) 28.3 5.1 29.9 (4.3 ) Net (income) loss attributable to noncontrolling interests 0.7 10.3 1.9 2.8 Preferred stock dividends and accretion of issuance costs (0.5 ) (0.5 ) (0.6 ) (2.0 ) Net (loss) income attributable to Kennedy-Wilson $ 28.5 $ 14.9 $ 31.2 $ (3.5 ) Basic (loss) earnings per share $ 0.25 $ 0.13 $ 0.29 $ (0.05 ) Diluted (loss) earnings per share $ 0.25 $ 0.13 $ 0.27 $ (0.05 ) (Dollars in millions, except earnings per share amounts) Year ended December 31, 2014 Fourth Third Second First Revenues $ 141.6 $ 113.7 $ 91.9 $ 51.4 Operating expenses 139.6 114.2 88.5 60.8 Income from unconsolidated investments 8.3 12.1 31.0 2.8 Operating income (loss) 10.3 11.6 34.4 (6.6 ) Non-operating (expenses) income (39.2 ) (8.0 ) 54.7 65.2 Income (loss) before provision for income taxes (28.9 ) 3.6 89.1 58.6 (Provision for) benefit from income taxes 8.4 (6.6 ) (25.4 ) (8.8 ) Net income (loss) (20.5 ) (3.0 ) 63.7 49.8 Net (income) loss attributable to noncontrolling interests (8.2 ) 2.8 (25.3 ) (37.4 ) Preferred stock dividends and accretion of issuance costs (2.0 ) (2.0 ) (2.1 ) (2.0 ) Net (loss) income attributable to Kennedy-Wilson $ (30.7 ) $ (2.2 ) $ 36.3 $ 10.4 Basic (loss) earnings per share $ (0.35 ) $ (0.03 ) $ 0.39 $ 0.12 Diluted (loss) earnings per share $ (0.35 ) $ (0.03 ) $ 0.38 $ 0.12

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In February 2016, Kennedy Wilson successfully completed fundraising for Kennedy Wilson Real Estate Fund V (“Fund V”). Fund V raised $500 million of capital commitments, including $60 million from Kennedy Wilson. The fund has a current portfolio of 10 multifamily, office, retail and residential assets with an aggregate purchase price of $412 million and undrawn commitments of $365 million . On February 25, 2016, Kennedy Wilson announced a 17% increase in the common dividend per share to $0.14 per quarter or $0.56 on an annualized basis. This marks the fifth consecutive annual dividend increase. The Company will pay a quarterly dividend to common shareholders of record as of March 31, 2016 with a payment date of April 7, 2016. Additionally on February 25, 2016, Kennedy Wilson announced the authorization of a stock repurchase program for up to $100 million . Repurchases under the program may be made in the open market, in privately negotiated transactions or otherwise, with the amount and timing of repurchases depending on market conditions and subject to the Company's discretion. Subsequent to December 31, 2015, Kennedy Wilson drew $50.0 million from its revolving credit facility. The Company evaluated subsequent events through the date these financial statements were issued.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Kennedy-Wilson Holdings, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation December 31, 2015 (Dollars in millions) Initial Cost Costs Capitalized Subsequent to Acquisition Gross Balance at December 31, 2015 (1) Description Region Encumbrances Land Building & Improvements Improvements Land Building & Improvements Total (2) Accumulated Depreciation Depreciable Life in Years Date of Construction Date Acquired (3) Commercial Commercial building Western U.S. $ 35.0 $ 11.2 $ 18.5 $ 34.0 $ 11.2 $ 53.5 $ 64.7 $ (0.6 ) 39 yrs 1955/1981/1982 2013 Retail Western U.S. 3.8 1.3 4.2 0.5 1.3 4.7 6.0 (0.3 ) 39 yrs 1981 2013 Retail Western U.S. 4.0 1.4 0.8 — 1.4 0.8 2.2 — 39 yrs 1971/1982/1983 2013 Retail Western U.S. 5.6 2.1 2.9 — 2.4 2.9 5.3 (0.2 ) 39 yrs 1958/1974-1976/1985/1989/2006 2013 Retail Western U.S. 11.8 5.1 7.8 0.9 5.1 8.7 13.8 (0.5 ) 39 yrs 1989 2013 Retail Western U.S. 7.7 3.5 7.4 0.3 3.5 7.7 11.2 (0.4 ) 39 yrs 1980/1983 2013 Retail Western U.S. 7.1 2.7 6.7 — 2.6 6.7 9.3 (0.4 ) 39 yrs 1975 2013 Commercial building Ireland — 0.7 0.5 — 0.6 0.4 1.0 — 39 yrs 1840/2000 2013 Commercial building Western U.S. 27.5 8.8 31.4 1.9 8.8 33.2 42.0 (2.8 ) 39 yrs 1991 2012 Industrial/Land Western U.S. 3.7 1.1 1.9 — 3.5 1.9 5.4 (0.2 ) 39 yrs N/A 2011 Commercial building Western U.S. 12.0 6.2 15.0 2.7 6.2 17.7 23.9 (1.9 ) 39 yrs 2007 2011 Commercial building Japan 2.0 4.0 3.2 — 3.4 2.7 6.1 (1.1 ) 37 yrs 2007 2008 Retail Western U.S. 17.4 9.1 14.0 2.1 9.1 16.1 25.2 (0.7 ) 39 yrs 1985 2014 Retail Western U.S. 5.8 2.3 5.4 0.7 2.3 6.1 8.4 (0.3 ) 39 yrs 1979/1980 2014 Commercial portfolio United Kingdom 149.9 88.6 219.3 10.3 65.5 171.1 236.6 (7.3 ) 39 yrs Various 2014 Commercial portfolio United Kingdom 259.7 106.4 351.0 4.2 85.7 301.3 387.0 (11.1 ) 39 yrs Various 2014 Commercial portfolio Ireland 286.7 111.7 401.4 20.9 89.4 342.3 431.7 (12.1 ) 39 yrs Various 2014 Commercial building United Kingdom — 85.3 232.0 4.3 79.2 219.7 298.9 (6.9 ) 39 yrs 2003 2014 Commercial building Ireland 14.3 6.9 18.3 0.3 5.4 14.8 20.2 (0.6 ) 39 yrs 1997 2014 Commercial building Ireland 79.3 48.6 131.1 0.4 6.9 103.8 110.7 (4.5 ) 39 yrs 2009 2014 Commercial building United Kingdom 78.2 8.3 148.3 17.9 7.4 149.5 156.9 (5.6 ) 39 yrs 2010 2014 Retail Western U.S. 13.3 5.7 12.7 0.3 5.7 13.0 18.7 (0.3 ) 39 yrs 1979/1980 2015 Commercial building Western U.S. 61.6 37.8 60.6 1.4 37.8 62.0 99.8 (0.9 ) 39 yrs 1982 2015 Commercial building Western U.S. 30.0 11.6 36.5 0.3 11.6 36.7 48.3 (0.4 ) 39 yrs 1968 2015 Retail Western U.S. 5.2 1.6 6.0 — 1.6 6.0 7.6 (0.1 ) 39 yrs 1979/2002 2015 Commercial building Western U.S. 34.9 20.7 47.8 20.1 20.7 47.9 68.6 — 39 yrs 1982 2015 Commercial portfolio United Kingdom 488.4 276.1 421.7 0.2 257.7 381.5 639.2 (8.5 ) 39 yrs Various 2015 Commercial building Ireland — 11.1 40.1 — 10.6 35.1 45.7 (0.8 ) 39 yrs 1982 2015 Commercial building Ireland — 9.4 28.3 — 9.2 27.6 36.8 (0.3 ) 39 yrs 2010 2015 Commercial portfolio United Kingdom — 104.4 178.7 — 98.8 169.1 267.9 (1.8 ) 39 yrs Various 2015 Retail portfolio Spain — 23.6 66.0 — 23.2 65.0 88.2 (0.5 ) 39 yrs Various 2015 Commercial building Ireland — 0.6 9.8 — 0.6 9.5 10.1 (0.1 ) 39 yrs 2003 2015 Retail Spain — 27.1 46.2 — 27.0 46.0 73.0 — 39 yrs 1995 2015 Commercial building Ireland — 0.7 6.8 — 0.7 6.5 7.2 — 39 yrs 1998 2015 Commercial building Ireland — 0.8 5.1 — 0.8 4.9 5.7 — 39 yrs 2001 2015 Commercial portfolio Ireland — 1.8 9.6 — 1.8 9.7 11.5 — 39 yrs Various 2015 Commercial portfolio Italy — 47.5 135.1 — 47.0 133.7 180.7 — 39 yrs Various 2015 Multifamily 615-unit multifamily building Western U.S. 120.2 30.0 90.1 1.7 30.0 91.7 121.7 (6.7 ) 39 yrs 1965/2006 2013 450-unit multifamily building Western U.S. 49.2 18.4 43.0 3.3 18.4 46.3 64.7 (3.5 ) 39 yrs 1974 2013 297-unit multifamily building Western U.S. 22.4 3.9 25.8 1.1 3.9 26.8 30.7 (1.5 ) 39 yrs 1999 2013 178-unit Apartment building Western U.S. 31.4 12.3 18.5 4.1 12.3 22.5 34.8 (2.6 ) 39 yrs 1975 2012 217-unit Multifamily property Western U.S. 25.0 2.6 41.4 1.0 2.5 40.2 42.7 (3.3 ) 39 yrs 2011 2012 366-unit Apartment building Western U.S. 53.3 9.1 36.3 6.0 9.1 42.3 51.4 (4.1 ) 39 yrs 2000 2012 204-unit Apartment building Western U.S. 13.9 5.3 20.2 2.9 5.3 21.8 27.1 (7.1 ) 39 yrs 1986 2008 81 unit multifamily building Ireland — 4.8 15.0 — 3.9 12.2 16.1 (0.5 ) 39 yrs 2009 2014 272 unit multifamily building Ireland 51.5 32.7 81.5 41.5 25.8 105.9 131.7 (3.0 ) 39 yrs 2008 2014 26 unit multifamily building Ireland 7.6 0.6 14.8 0.5 0.5 12.5 13.0 (0.5 ) 39 yrs 2009 2014 210 unit multifamily building Ireland 41.7 12.2 61.6 1.5 9.7 49.2 58.9 (2.1 ) 39 yrs 2005 2014 118 unit multifamily building Ireland 24.9 11.0 36.1 1.9 8.7 30.4 39.1 (1.5 ) 39 yrs 2007 2014 423 unit multifamily building Ireland 68.7 17.9 105.0 20.0 14.2 99.7 113.9 (3.5 ) 39 yrs 2008 2014 294 unit multifamily building United Kingdom — 22.1 84.0 — 22.1 84.0 106.1 — 39 yrs 2012 2015 203 unit multifamily building Western U.S. 13.3 2.6 23.8 1.9 2.6 25.7 28.3 (1.2 ) 39 yrs 2005 2014 542 unit multifamily building Western U.S. 77.2 38.3 57.5 5.4 38.3 62.9 101.2 (2.7 ) 39 yrs 1987 2014 576 unit multifamily building Western U.S. 32.5 8.7 49.2 2.5 8.7 51.7 60.4 (1.9 ) 39 yrs 1986/1996 2014 240 unit multifamily building Western U.S. 19.7 3.9 22.3 1.2 3.9 23.5 27.4 (0.9 ) 39 yrs 1990 2014 396 unit multifamily building Western U.S. 32.1 8.7 34.7 1.9 8.7 36.6 45.3 (1.4 ) 39 yrs 1989/1995 2014 118 unit multifamily building Western U.S. 13.5 2.1 18.6 0.6 2.1 19.2 21.3 (0.7 ) 39 yrs 1990 2014 324 unit multifamily building Western U.S. 17.2 3.2 28.6 2.8 3.2 31.3 34.5 (1.0 ) 39 yrs 1996 2014 280 unit multifamily building Western U.S. 37.3 6.0 40.3 0.7 6.0 40.9 46.9 (1.2 ) 39 yrs 2004/2006 2014 750 unit multifamily building Western U.S. 61.9 22.1 78.2 1.8 22.1 80.0 102.1 (2.2 ) 39 yrs 1987 2014 Condo Western U.S. — — 0.2 — — 0.3 0.3 — 39 yrs 2005 2014 208 unit multifamily building Western U.S. 37.7 9.3 37.3 0.6 9.3 37.9 47.2 (0.7 ) 39 yrs 2004 2015 1,008 unit multifamily building Western U.S. 130.4 62.3 152.5 1.5 62.3 154.0 216.3 (2.0 ) 39 yrs 1988 2015 460 unit multifamily building Western U.S. 47.1 13.2 53.0 0.2 13.2 53.2 66.4 (0.4 ) 39 yrs 1988 2015 Hotel Hotel/condos Western U.S. 29.2 9.8 95.3 — 14.6 80.5 95.1 (3.3 ) 39 yrs 2006 2013 Hotel Western U.S. 10.1 1.3 15.6 — 1.3 15.8 17.1 (0.5 ) 39 yrs 2001/2008 2014 Hotel and golf course United Kingdom — 12.2 37.3 1.1 10.8 35.1 45.9 (1.1 ) 39 yrs 2001/2008 2014 Hotel and golf course Ireland — 6.8 30.6 2.3 5.4 26.8 32.2 (1.6 ) 39 yrs 1894/1995 2014 Hotel Ireland 78.2 54.0 114.3 3.3 45.2 101.2 146.4 (3.5 ) 39 yrs 1824/2005 2014 Residential Single family home Western U.S. — 4.1 4.2 — 4.5 4.3 8.8 (0.7 ) 39 yrs 2008 2008 Residential development Spain 3.4 — 6.4 1.2 — 7.0 7.0 — N/A N/A 2014 Residential development Spain — — 9.2 0.6 — 8.8 8.8 — N/A 1900 2015 Residential development Spain — — 34.7 — — 32.6 32.6 — N/A 1880 2015 Residential development Ireland — 0.5 3.4 — 0.5 5.9 6.4 — N/A Various 2015 Mixed used development Ireland — 46.2 0.6 7.8 41.1 7.8 48.9 — N/A N/A 2014 Land 2700 acres Western U.S. — 31.8 3.7 0.7 37.0 4.4 41.4 (1.0 ) N/A 1912 2010 2.39 acre multifamily site Western U.S. — 7.0 — — 7.0 — 7.0 — N/A N/A 2014 40 acre lot Western U.S. — 1.7 — — 1.6 — 1.6 — N/A N/A 2014 Grand Total $ 2,795.5 $ 1,634.5 $ 4,356.9 $ 247.3 $ 1,471.5 $ 4,152.7 $ 5,624.2 $ (139.1 ) (1) The tax basis of all the properties in aggregate totaled $5,231.6 million . (2) Excludes acquired in place lease values (3) For assets that were consolidated the date acquired represents when the asset was presented as real estate not when initially acquired by KW Group Changes in real estate for the years ended December 31 2015, 2014 and 2013 were as follows: For the year ended December 31, (Dollars in millions) 2015 2014 2013 Balance at the beginning of period $ 4,067.1 $ 684.6 $ 296.8 Additions during the period: Acquisitions through foreclosure 99.3 35.9 — Other acquisitions 1,473.1 2,201.9 286.3 Improvements 168.1 55.8 8.9 Consolidations 602.1 1,449.7 105.1 Foreign Currency (270.3 ) (262.4 ) — Deductions during the period: Cost of real estate sold (515.2 ) (98.4 ) (12.5 ) Balance at close of period $ 5,624.2 $ 4,067.1 $ 684.6 Changes in accumulated depreciation for the years ended December 31 were as follows: For the year ended December 31, (Dollars in millions) 2015 2014 2013 Balance at the beginning of period $ 61.9 $ 15.8 $ 7.4 Additions during the period: Depreciation expense 88.1 46.5 8.4 Deductions during the period: Dispositions (7.8 ) — — Foreign Currency (3.1 ) (0.4 ) — Balance at close of period $ 139.1 $ 61.9 $ 15.8 See accompanying report of independent registered public accounting firm.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	Kennedy-Wilson Holdings, Inc. and Subsidiaries Schedule IV—Mortgage Loans on Real Estate December 31, 2015 (Dollars in millions) Description Region Interest Rate Final Maturity Date Balloon Amount Face Amount of Mortgages Carrying Amount December 31, 2015 Principal Amount of Loans Subject to Delinquent Principal or Interest Commercial Industrial/Land Western U.S. Prime + 1.00% 2016 $ 2.1 $ 2.1 $ 2.1 $ — Commercial building Western U.S. 6.75% 2016 12.0 12.0 12.0 — Commercial building Western U.S. 1-Mo LIBOR + 2.00% 2017 25.4 27.5 27.5 — Commercial building Western U.S. 1-Mo LIBOR + 2.00% 2017 58.5 61.6 61.6 — Retail Western U.S. 4.79% 2018 3.5 3.8 3.8 — Retail Western U.S. 4.01% 2018 12.7 13.3 13.3 — Retail Western U.S. 4.41% 2018 4.9 5.2 5.2 — Retail Western U.S. 5.00% 2019 16.1 17.4 17.4 — Retail Western U.S. 4.38% 2020 3.5 4.0 4.0 — Retail Western U.S. 4.10% 2020 10.6 11.8 11.8 — Retail Western U.S. 5.75% 2023 6.2 7.7 7.7 — Retail Western U.S. 5.00% 2023 6.0 7.1 7.1 — Retail Western U.S. 4.73% 2024 4.5 5.8 5.8 — Retail Western U.S. 4.36% 2025 4.3 5.6 5.6 — Commercial building Western U.S. 1-Mo LIBOR + 2.00% 2025 27.3 35.0 35.0 — Commercial building Western U.S. 1-Mo LIBOR + 2.25% 2025 24.9 30.0 30.0 — Commercial building Western U.S. 1-Mo LIBOR + 2.25% 2025 30.0 34.9 34.9 — Commercial portfolio (1) United Kingdom 3-Mo GBP LIBOR + 2.50% 2018 145.9 145.9 145.9 — Commercial portfolio (1) United Kingdom 3-Mo GBP LIBOR + 1.90% 2019 149.9 149.9 149.9 — Commercial portfolio (1) United Kingdom 3-Mo GBP LIBOR + 1.80% 2019 259.7 259.7 259.7 — Commercial portfolio (1) United Kingdom 2.90% 2020 104.2 104.2 104.2 — Commercial portfolio (1) United Kingdom 2.91% 2023 238.3 238.3 238.3 — Retail United Kingdom 2.82% 2025 78.2 78.2 78.2 — Commercial building Japan 1.77% 2016 2.0 2.0 2.0 — Commercial portfolio (1) Ireland 3-Mo EURIBOR + 2.125% 2019 286.7 286.7 286.7 — Commercial building Ireland 3-Mo EURIBOR + 1.95% 2020 14.3 14.3 14.3 — Commercial building Ireland 2.59% 2024 79.3 79.3 79.3 — Multifamily 1,008-unit multifamily building Western U.S. 5.25% 2017 90.4 92.7 94.8 — 204-unit multifamily building Western U.S. 4.19% 2018 13.1 13.9 13.9 — 460-unit multifamily building Western U.S. 4.07% 2018 31.8 33.7 33.7 — 576-unit multifamily building Western U.S. 4.25% 2019 30.2 32.0 32.5 — 240-unit multifamily building Western U.S. 4.25% 2019 18.3 19.4 19.7 — 396-unit multifamily building Western U.S. 4.25% 2019 29.8 31.6 32.1 — 615-unit multifamily building Western U.S. 4.31% 2020 60.3 67.1 68.8 — 615-unit multifamily building Western U.S. 4.64% 2020 16.8 18.5 19.3 — 615-unit multifamily building Western U.S. 4.44% 2020 29.4 32.1 32.1 — 460-unit multifamily building Western U.S. 1-Mo LIBOR + 3.24% 2020 12.1 13.4 13.4 — 203-unit multifamily building Western U.S. 1-Mo LIBOR + 1.73% 2021 11.9 13.3 13.3 — 118-unit multifamily building Western U.S. 1-Mo LIBOR + 1.74% 2021 13.5 13.5 13.5 — 217-unit multifamily building Western U.S. 3.35% 2023 21.0 25.0 25.0 — 450-unit multifamily building Western U.S. 3.58% 2023 41.2 49.2 49.2 — 750-unit multifamily building Western U.S. 3.73% 2023 51.7 61.6 61.9 — 542-unit multifamily building Western U.S. 3.78% 2024 69.9 77.2 77.2 — 366-unit multifamily building Western U.S. 3.24% 2025 47.8 53.3 53.3 — 324-unit multifamily building Western U.S. 5.30% 2025 13.8 15.2 17.2 — 280-unit multifamily building Western U.S. 3.59% 2025 32.9 37.3 37.3 — 208-unit multifamily building Western U.S. 3.77% 2025 34.1 37.7 37.7 — 1,008-unit multifamily building Western U.S. 1-Mo LIBOR + 2.42% 2025 29.2 35.6 35.6 — 297-unit multifamily building Western U.S. 4.93% 2026 19.0 22.4 22.4 — 178-unit multifamily building Western U.S. 3.74% 2027 31.4 31.4 31.4 — 26-unit multifamily building Ireland 3-Mo EURIBOR + 4.00% 2019 7.6 7.6 7.6 — 272-unit multifamily building (1) Ireland 3-Mo EURIBOR + Margin 2019 49.4 51.5 51.5 — 210-unit multifamily building Ireland 2.57% 2025 41.7 41.7 41.7 — 118-unit multifamily building Ireland 2.57% 2025 24.9 24.9 24.9 — 423-unit multifamily building Ireland 2.57% 2025 61.4 61.4 61.4 — Residential, Hotel, and Other Hotel Western U.S. 3-Mo LIBOR + 3.00% 2016 10.1 10.1 10.1 — 18 acres Western U.S. Prime + 1.00% 2016 1.6 1.6 1.6 — Hotel/Condominium units Western U.S. 5.00% 2021 25.6 29.2 29.2 — Hotel Ireland 3.88% 2025 78.2 78.2 78.2 — Development Project Ireland 2.92% 2037 7.3 7.3 7.3 — Development Project (1) Spain 2.92% 2037 — 3.4 3.4 — Corporate (1) United Kingdom 3.35% 2022 442.0 442.0 435.4 — Corporate (1) United Kingdom 3.25% 2025 434.3 434.3 427.3 — $ 3,544.7 $ 3,663.6 $ 3,658.2 $ — (1) Investment made and held directly by KWE Kennedy-Wilson Holdings, Inc. and Subsidiaries Schedule IV—Mortgage Loans on Real Estate (continued) December 31, 2015 (Dollars in millions) Activity for the year ended December 31, 2015 is as follows: Balance - December 31, 2014 $ 2,195.9 New mortgage loans 2,052.5 Other additions 178.6 Amortization of mortgage premium (8.8 ) Payments of principal (390.2 ) Foreclosures — Loan loss reserve — Foreign currency gain (loss) (143.6 ) Other deductions (226.2 ) Balance - December 31, 2015 $ 3,658.2 See accompanying report of independent registered public accounting firm.

BASIS OF PRESENTATION AND SUM34

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION	The consolidated financial statements include the accounts of KW Group and voting interest entities which it controls. All significant intercompany balances and transactions have been eliminated in consolidation. In addition, Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIE") as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 – Consolidation and to assess whether it is the primary beneficiary of such entities. In determining whether Kennedy Wilson is the primary beneficiary of a VIE, qualitative and quantitative factors are considered, including, but not limited to: the amount and characteristics of Kennedy Wilson's investment; the obligation or likelihood for Kennedy Wilson to provide financial support; Kennedy Wilson's ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of Kennedy Wilson. Significant judgments related to these determinations include estimates about the future fair values and performance of real estate held by these VIEs and general market conditions. As of December 31, 2015 , Kennedy Wilson has one VIE that is treated as an unconsolidated investment. Kennedy Wilson Europe Real Estate Plc (“KWE,” LSE: KWE), a Jersey investment company formed to invest in real estate and real estate-related assets in Europe, closed its initial public offering ("IPO") on the London Stock Exchange during the quarter ended March 31, 2014, raising approximately $1.7 billion in gross proceeds. KWE is externally managed by a wholly-owned subsidiary of Kennedy Wilson incorporated in Jersey pursuant to an investment management agreement. Due to the terms provided in the investment management agreement and Kennedy Wilson's equity ownership interest in KWE, pursuant to the guidance set forth in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 - Consolidation (“Subtopic 810”), the Company is required to consolidate KWE’s results in its consolidated financial statements. Additionally, the Company invested $145.2 million of cash and contributed $58.3 million of assets acquired by the Company as part of the IPO. KWE completed a follow-on offering during the fourth quarter of 2014 where the Company participated based on its ownership percentage acquiring an additional 4.6 million shares for $75.0 million . Outside of the IPO and follow-on offering, the Company has acquired an additional 6.9 million ordinary shares for $119.3 million and owned approximately 18.2% of KWE’s total issued share capital as of December 31, 2015 .
USE OF ESTIMATES	The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosure about contingent assets and liabilities, and reported amounts of revenues and expenses. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates will be reflected in the financial statements in future periods.
REVENUE RECOGNITION	Revenue consists of management and leasing fees (including performance fees), commissions, rental and hotel income, sales of real estate and loan income. Management fees are primarily comprised of investment management, property services, and research fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. Research fees are earned from consulting arrangements. These fees are recognized as revenue ratably over the period that the respective services are performed. The Company provides investment management and property services on investments it also has an ownership interest in. These fees are eliminated in consolidation based on the Company's ownership interest in the underlying investment. During the year ended December 31, 2015 , $75.0 million were eliminated in consolidation. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds and loan pool participations based on the cumulative performance of the fund and loan pools and are subject to preferred return thresholds of the limited partners and participants. At the end of each reporting period, Kennedy Wilson calculates the performance fee that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance fees to reflect either (a) positive performance resulting in an increase in the performance fee allocated to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as revenue, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. Substantially all of the performance fees are recognized in investment management fees and substantially all of the carried interest is recognized in income from unconsolidated investments in our consolidated statements of operations . Total performances fees recognized to date through December 31, 2015 that may be reversed in future periods if there is negative fund performance totaled $18.8 million . Performance fees recognized during the years ended December 31, 2015 , 2014 , and 2013 were $18.0 million , $8.5 million and $17.5 million and the amounts that have not been received are included in accounts receivable—related parties in the accompanying consolidated balance sheet. KWE is externally managed by one of the Company's wholly-owned subsidiaries (“KWE Manager”) pursuant to an investment management agreement in which capacity Kennedy Wilson will be entitled to receive certain management and performance fees. KWE Manager is paid an annual management fee (payable quarterly in arrears) equal to 1% of KWE’s adjusted net asset value (EPRA NAV). The management fee payable to KWE Manager is paid half in cash and half in shares of KWE. KW Manager earned $23.3 million in management fees for the year ended December 31, 2015 which is eliminated in consolidation due to the Company's consolidation of KWE. We are also entitled to receive an annual performance fee equal to 20% of the lesser of (i) the excess of the shareholder return for the relevant year (defined as the change in KWE’s adjusted net asset value per ordinary share plus dividends paid) over a 10% annual return hurdle, and (ii) the excess of year-end adjusted net asset value per ordinary share over a “high water mark.” The performance fee is payable in shares of KWE that vest equally over a three -year period. As of December 31, 2015 , $43.7 million in such fees have been earned and accrued (not yet paid) by Kennedy Wilson which are also eliminated in consolidation due to the Company's consolidation of KWE. The final calculation of the performance fee will be completed after the conclusion of KWE’s financial year and such fee will be paid to Kennedy Wilson at that time. Commissions primarily consist of acquisition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition price. Acquisition fees are recognized upon the successful completion of an acquisition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Subtopic 605-45, KW Group records commission revenues and expenses on a gross basis. Of the criteria listed in the Subtopic 605-45, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases. Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. KW Group follows the requirements for profit recognition as set forth by the Sale of Real Estate ASC Subtopic 360-20. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Interest income from investments in loans which KW Group originates are recognized at the stated interest rate. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until KW Group is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25. Income is recognized to the extent that cash is received from the loan.
REAL ESTATE ACQUISITIONS	The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated fair values in accordance with Business Combinations ASC Subtopics 805-10. Acquisition-related costs are expensed as incurred. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate are valued, in part, based on third party valuations and management estimates also using an income approach.
UNCONSOLIDATED INVESTMENTS	KW Group has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate and invest in loan pools and discounted loan portfolios. Investments in unconsolidated investments are accounted for under the equity method of accounting as KW Group can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by KW Group’s share of income or loss, plus additional contributions and less distributions. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with Equity Method Investments ASC Subtopic 323-10. As of December 31, 2015 , the Company also had an investment in one joint venture which is a VIE in which the Company is not the primary beneficiary and therefore accounts for it under the equity method as well. Profits on the sale of real estate held by unconsolidated investments in which KW Group has continuing involvement are deferred until such time that the continuing involvement has been concluded and all the risks and rewards of ownership have passed to the buyer. Profit on sales to unconsolidated investments in which KW Group retains an equity ownership interest results in partial sales treatment in accordance with Sale of Real Estate ASC Subtopic 360-20, thus deferring a portion of the gain as a result of KW Group’s continuing ownership percentage in the unconsolidated investment. Kennedy Wilson records its investments in certain commingled funds it manages and sponsors ("the Funds") that are investment companies under the Investment Companies ASC Subtopic 946-10, based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Kennedy Wilson has retained the specialized accounting for the Funds pursuant to Retention of Specialized Accounting for Investments in Consolidation ASC Subtopic 323-10 in recording its equity in joint venture income from the Funds. Additionally, Kennedy Wilson elected the fair value option for nine investments in unconsolidated investment entities. Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the value created in the underlying investments in the results of our current operations. Interest income from investments in loan pool participations are recognized on a level yield basis under the provisions of Loans and Debt Securities Acquired with Deteriorated Credit Quality ASC Subtopic 310-30, where a level yield model is utilized to determine a yield rate which, based upon projected future cash flows, accretes interest income over the estimated holding period. In the event that the present value of those future cash flows is less than net book value, a loss would be immediately recorded. When the future cash flows of a note cannot be reasonably estimated, cash payments are applied to the cost basis of the note until it is fully recovered before any interest income is recognized.
FAIR VALUE MEASUREMENTS	KW Group accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of Fair Value Measurements ASC Subtopic 820-10. Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach.
FAIR VALUE OF FINANCIAL INSTRUMENTS	The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, however, is necessary to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts.
NONCONTROLLING INTERESTS	Noncontrolling interests are reported within equity as a separate component of Kennedy Wilson's equity in accordance with Noncontrolling Interests in Consolidated Financial Statements ASC Subtopic 810-10. Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the consolidated statements of operations at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated. Management fees earned by KWE Manager for managing KWE are eliminated in consolidation however the amount attributable to the noncontrolling interest holders of KWE are recognized through net income (loss) attributable to noncontrolling interest holders.
FOREIGN CURRENCIES	The financial statements of subsidiaries located outside the United States are measured using the local currency as the functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the Euro, the British pound sterling, and the Japanese yen. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statements of equity and comprehensive income as a component of accumulated other comprehensive income. The Company hedges its investments in foreign subsidiaries with forward and option contracts as discussed below. At December 31, 2015 , approximately 47% of our investment account is invested through our foreign platforms in their local currencies. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of our operations. In order to manage the effect of these fluctuations, we generally hedge our book equity exposure to foreign currencies through currency forward contracts and options. We typically hedge 50% - 100% of the book equity exposure to these foreign currencies.
DERIVATIVE INSTRUMENTS AND HEDING ACTIVITIES	KW Group has derivatives to reduce its exposure to foreign currencies. All derivative instruments are recognized as either assets or liabilities in the balance sheet at their respective fair values. For derivatives designated in hedging relationships, changes in fair value of cash flow hedges or net investment hedges are recognized in accumulated other comprehensive income, to the extent the derivative is effective at offsetting the changes in the item being hedged until the hedged item affects earnings. Changes in fair value for fair value hedges are recognized in earnings.
GOODWILL	Goodwill results from the difference between the purchase price and the fair value of net assets acquired based upon the purchase method of accounting for business combinations. In accordance with Accounting for Goodwill ASC Subtopic 350-20, goodwill is reviewed for impairment on an annual basis. The Company performs its annual review of impairment at year end and when a triggering event occurs between annual year end reviews.
CASH AND CASH EQUIVALENTS	Cash and cash equivalents consist of cash and all highly liquid investments purchased with maturities of three months or less. Cash and cash equivalents are invested in institutions insured by government agencies. Certain accounts contain balances in excess of the insured limits. KW Group's operations and financial position are affected by fluctuations in currency exchange rates between the Japanese yen, euro, and British pound sterling against the U.S. Dollar.
LONG-LIVED ASSETS	KW Group reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with Impairment of Long-Lived Assets ASC Subtopic 360-10. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are presented separately in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of the assets to be disposed of are classified as held for sale and would be presented separately in the appropriate asset and liability sections of the balance sheet.
ACCOUNTS RECEIVABLE	Accounts receivable are recorded at the contractual amount as determined by the underlying agreements and do not bear interest. An allowance for doubtful accounts is provided when KW Group determines there are probable credit losses in KW Group’s existing accounts receivable and is determined based on historical experience. KW Group reviews its accounts receivable for probable credit losses on a quarterly basis.
CONCENTRATION OF CREDIT RISK	Financial instruments that subject KW Group to credit risk consist primarily of accounts and notes receivable, cash equivalents and derivative instruments. Credit risk is generally diversified due to the large number of entities composing KW Group’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Japan. Kennedy Wilson performs ongoing credit evaluations of its customers and debtors.
EARNINGS PER SHARE	Basic earnings per share is computed based upon the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per share is computed based upon the weighted average number of shares of common stock and potentially dilutive securities outstanding during the periods presented. The dilutive impact of potentially dilutive securities including warrants, convertible securities, and unvested stock which were outstanding during the period. The warrants and unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method.
COMPREHENSIVE (LOSS) INCOME	Comprehensive (loss) income consists of net income (loss) and other comprehensive income (loss). In the accompanying consolidated balance sheets, accumulated other comprehensive income consists of foreign currency translation adjustments and unrealized gains (losses) on available for sale securities and derivative instruments.
REPURCHASE OF EQUITY INSTRUMENTS	Upon the decision to retire repurchased equity instruments, Kennedy Wilson records the retirement as a reduction to additional paid in capital.
SHARE-BASED PAYMENT ARRANGEMENTS	Kennedy Wilson accounts for its share-based payment arrangements under the provisions of Share-Based Payments ASC Subtopic 718-10 . Compensation cost for employee service received in exchange for an award of equity instruments is based on the grant-date fair value of the share-based award that is ultimately settled in equity of Kennedy Wilson. The cost of employee services is recognized over the period during which an employee provides service in exchange for the share-based payment award. Share-based payment arrangements with only services conditions that vest ratably over the requisite service period are recognized on the straight-line basis and performance awards that vest ratably are recognized on a tranche by tranche basis over the performance period. Unrecognized compensation costs for share-based payment arrangements that have been modified are recognized over the original service or performance period.
INCOME TAXES	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In accordance with Accounting for Uncertainty in Income Taxes ASC Subtopic 740-10, Kennedy Wilson recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Kennedy Wilson records interest related to unrecognized tax benefits in interest expense and penalties in general and administrative expenses.
RECENT ACCOUNTING PRONOUNCEMENTS	On April 10, 2014, the FASB issued ASU 2014-08, which amends the definition of discontinued operations and requires additional disclosures for disposal transactions that do not meet the revised discontinued operations criteria. ASU 2014-08 is required to be adopted for fiscal years beginning after December 15, 2014, with early adoption permitted. Our early adoption of this pronouncement on January 1, 2014 did not have a material impact on KW Group's consolidated financial statements in the year of adoption. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, a five step model to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. The model will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. The new standard will replace most existing revenue recognition in GAAP when it becomes effective for the Company on January 1, 2018. The Company does not expect the adoption of this standard to have a significant impact on the consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , which makes certain changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. ASU 2015-02 is effective for KW Group in its 2016 annual statements with interim periods in 2017. Early adoption is permitted. KW Group has evaluated the impact and expects certain consolidated investments to be considered variable interest entities under the updated guidance. However because our analysis concludes that we are the primary beneficiary of those entities, they will continue to be consolidated. Accordingly the Company does not expect implementation of the guidance to have a material impact on KW Group’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , to reduce the complexity of financial statement presentation pursuant to which debt issuance costs will be presented as a direct deduction from the carrying amount of debt liabilities as opposed to a deferred charge recognized as an asset. ASU 2015-03 is required to be adopted for fiscal years beginning after December 15, 2015 and the Company does not expect its adoption to have a material impact on KW Group's consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. Because the Company's existing operating lease commitments are not material and the accounting for leases by the lessor is substantially unchanged, the Company does not expect the ASU to have a significant impact on its results of operations or financial position.
RECLASSIFICATIONS	Certain balances included in prior years' financial statements have been reclassified to conform with the current year's presentation.

REAL ESTATE AND ACQUIRED IN P35

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Schedule of Investments in Consolidated Properties	The following table summarizes the Company's investment in consolidated real estate properties at December 31, 2015 and 2014 : December 31, (Dollars in millions) 2015 2014 Land $ 1,471.5 $ 1,046.9 Buildings 3,905.5 2,945.1 Building improvements 247.2 75.1 Acquired in place lease values 421.8 282.6 6,046.0 4,349.7 Less accumulated depreciation and amortization (248.5 ) (121.6 ) Real estate and acquired in place lease values, net of depreciation and amortization $ 5,797.5 $ 4,228.1
Schedule of Business Acquisitions	During the year ended December 31, 2015 , KW Group acquired the following properties: At Acquisition (1) Location Description Land Building Acquired in place lease values (2) Investment debt NCI (3) KWH Shareholders' Equity Western U.S. 153k square feet of commercial properties and 208 multifamily units (6) $ 16.7 $ 56.0 $ 1.5 $ 55.0 $ 0.5 $ 18.7 United Kingdom Portfolio of 176 commercial, retail, and industrial properties (4) 276.1 421.7 76.6 529.3 205.7 39.4 United Kingdom Portfolio of 9 commercial properties (4) 104.4 178.7 45.4 — 270.4 58.1 Ireland Dublin office buildings (4) 3.9 26.3 2.8 — 22.6 10.4 Spain Two development projects (4) — 43.9 — — 36.8 7.1 Spain 16 supermarkets and shopping center (4)(5) 50.7 112.2 8.8 — 141.0 30.7 Italy Portfolio of 9 commercial properties (4)(5) 47.5 135.1 28.1 — 172.5 38.2 $ 499.3 $ 973.9 $ 163.2 $ 584.3 $ 849.5 $ 202.6 (1) Excludes acquisition expenses and net other assets. The purchase price allocations for properties acquired during the year ended December 31, 2015 are based on preliminary measurements of fair value that are subject to change. These allocations represent the Company's current best estimates of fair value. (2) Includes above and below market leases in this table. Above and below market leases are part of other assets and accrued expenses and other liabilities. (3) Noncontrolling interest amounts associated with acquisition. (4) These portfolios of properties were directly acquired and are held by KWE. Kennedy Wilson owns approximately 18.2% of the total issued share capital of KWE as of December 31, 2015 . (5) KWE recognized an acquisition related gain of $7.8 million due to improvements in market conditions when the acquisition was agreed to and when it subsequently closed. During the year ended December 31, 2014 , KW Group acquired the following properties: At Acquisition (1) Location Description Land Building Acquired in place lease values (2) Investment debt NCI (3) KWH Shareholders' Equity United Kingdom Portfolio of 14 commercial, retail, and industrial properties (4)(5) $ 30.0 $ 63.4 $ 24.4 $ — $ 58.9 $ 58.9 Western U.S. 193 room hotel 1.3 8.3 — — 2.7 6.9 Ireland 24 apartment units, 2 penthouse units, and 1,000 square feet of retail 0.6 14.8 0.2 9.6 — 6.0 United Kingdom 26 commercial properties throughout England and Scotland (4) 58.5 155.9 33.4 — 217.6 30.2 Ireland 281 completed apartments and a partially completed residential block and 725k square feet of commercial space (4)(6) 32.9 81.5 1.2 78.9 0.1 36.6 Western U.S. 98k square foot retail center 2.4 5.8 0.4 6.0 0.7 1.9 Western U.S. 203 unit apartment building 2.7 24.0 0.3 13.3 0.4 13.3 Ireland 81 unit apartment building (4) 4.8 15.0 0.3 — 17.4 2.7 Ireland 13 commercial properties (4) 104.5 367.0 63.0 273.1 226.9 34.5 United Kingdom 21 commercial properties throughout England and Scotland (4)(7) 106.4 351.0 77.0 — 463.9 70.5 Western U.S. 542 unit apartment building 38.3 57.5 0.6 77.2 0.6 18.6 Ireland 138 room hotel and golf course (4) 6.8 30.6 — — 32.4 5.0 Western U.S. 3 property portfolio with 1,212 units 21.3 106.2 1.3 86.7 — 42.1 United Kingdom 209 room hotel and two golf courses (4) 12.2 37.3 — — 42.9 6.6 Western U.S. 118 unit apartment building 2.1 18.6 0.2 13.5 — 7.4 Ireland 130k square foot retail center (4) 7.2 34.4 17.0 — 50.8 7.8 United Kingdom 227k square foot office building 85.3 232.0 12.0 — 280.2 49.1 Western U.S. 324 unit apartment building 3.2 28.6 0.5 17.3 — 15.0 Western U.S. 280 unit apartment building 6.0 40.3 0.5 37.3 — 9.5 Spain Commercial to multifamily conversion (4) — 6.4 — — 5.1 1.3 $ 526.5 $ 1,678.6 $ 232.3 $ 612.9 $ 1,400.6 $ 423.9 (1) Excludes acquisition expenses and net other assets. The purchase price allocations for properties acquired during the year ended December 31, 2014 are based on preliminary measurements of fair value that are subject to change. These allocations represent the Company's current best estimates of fair value. (2) Includes above and below market leases in this table. Above and below market leases are part of other assets and accrued expenses and other liabilities. (3) Noncontrolling interest amounts associated with acquisition. (4) These portfolios of properties were directly acquired and are held by KWE. Kennedy Wilson owns approximately 14.9% of the total issued share capital of KWE as of December 31, 2014 (5) On February 28, 2014, the Company contributed its 50% interest in this portfolio to KWE as part of the Company's investment in KWE's initial public offering. (6) This asset was sold to KWE on June 24, 2014. (7) KWE recognized an acquisition-related gain of $15.6 million on the transaction due to its ability to acquire the underlying real estate at a discount to its fair value. See loans converted to real estate section below.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Consolidations - 2015 The following table summarizes the assets and liabilities assumed as a result of gaining control of these properties and the acquisition-related gains recognized: (Dollars in millions) Property Type Location Cash Real estate and acquired in-place lease values Accounts receivable and other assets Accounts payable, accrued expenses, and other liabilities Investment debt Noncontrolling interests Acquisition related gain (1) 1,468 units across multiple properties Multifamily Western US $ 2.9 $ 283.6 $ 0.8 $ 3.9 $ 166.0 $ 0.7 $ 45.1 490K sq. ft. across multiple properties Commercial Western US 7.8 234.7 2.5 6.0 97.9 5.0 37.9 $ 10.7 $ 518.3 $ 3.3 $ 9.9 $ 263.9 $ 5.7 $ 83.0 (1) $2.3 million was allocated to noncontrolling interest for the portion the acquisition related gain that relates to our equity partners ownership in the properties. Consolidations - 2014 The following table summarizes the assets and liabilities assumed as a result of gaining control of these properties and the acquisition-related gains recognized: (Dollars in millions) Property Type Location Cash Real estate and acquired in-place lease values Accounts receivable and other assets Accounts payable, accrued expenses, and other liabilities Investment debt Noncontrolling interests Acquisition related gain (1) Three multifamily properties Multifamily Ireland $ 3.6 $ 248.5 $ 0.9 $ 5.4 $ 114.3 $ 66.6 $ 39.3 Two office properties Commercial Ireland 4.3 223.9 7.6 4.9 75.2 77.9 33.5 Two commercial properties and loans secured by real estate Commercial & Loans U.K. 9.6 195.0 5.6 8.1 100.8 62.0 11.3 50 multifamily properties Multifamily Japan 21.0 501.2 14.3 4.6 283.7 146.8 66.7 Multifamily property Multifamily Western US 0.9 101.3 0.3 0.9 63.2 3.7 19.5 $ 39.4 $ 1,269.9 $ 28.7 $ 23.9 $ 637.2 $ 357.0 $ 170.3 (1) $65.2 million was allocated to noncontrolling interest for the portion the acquisition related gain that relates to our equity partners ownership in the properties. Consolidations - 2013 (Dollars in millions) Property Type Cash Real Estate, net Accounts Receivable and other assets Accounts payable and accrued expenses Investment Debt Noncontrolling interests Acquisition related gain 615-unit apartment building Multifamily $ 1.3 $ 120.1 $ 2.3 $ 3.2 $ 93.5 $ 1.8 $ 9.5 Three retail centers Retail 1.4 20.4 9.2 0.7 20.1 0.5 2.0 Ritz-Carlton Residential 4.4 105.1 7.4 8.0 28.0 18.0 45.1 $ 7.1 $ 245.6 $ 18.9 $ 11.9 $ 141.6 $ 20.3 $ 56.6
Schedule of Business Acquisition, Pro Forma Information	The unaudited pro forma data presented below assumes that the acquisitions during the year ended December 31, 2015 occurred as of January 1, 2014. Unaudited Year Ended December 31, (Dollars in millions, except for per share data) 2015 2014 Pro forma revenues $ 672.8 $ 572.1 Pro forma income from unconsolidated subsidiaries 96.9 55.0 Pro forma net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders 77.1 31.5 Pro forma net loss per share: Basic $ 0.75 $ 0.35 Diluted $ 0.70 $ 0.34

UNCONSOLIDATED INVESTMENTS (Tab

UNCONSOLIDATED INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Unconsolidated Investments	The following table details its investments in joint ventures and loan pool participations as of December 31, 2015 and December 31, 2014 : December 31, December 31, (Dollars in millions) 2015 2014 Investments in joint ventures $ 443.6 $ 435.8 Investments in loan pool participations 1.3 56.4 Total $ 444.9 $ 492.2
Schedule of Joint Ventures by Investment Type and Geographic Location	The following table details KW Group's investments in joint ventures by investment type and geographic location as of December 31, 2015 : Multifamily Commercial Loan Residential and Hotel Other Total (Dollars in millions) Western U.S. $ 144.8 $ 51.4 $ 12.2 $ 180.1 $ 13.2 $ 401.7 Japan 5.8 — — — — 5.8 United Kingdom — 23.3 — — — 23.3 Spain — — — — 12.8 12.8 Total $ 150.6 $ 74.7 $ 12.2 $ 180.1 $ 26.0 $ 443.6 The following table details our investments in joint ventures by investment type and geographic location as of December 31, 2014 : Multifamily Commercial Loan Residential and Hotel Other Total (Dollars in millions) Western U.S. $ 134.5 $ 110.3 $ 50.3 $ 71.0 $ 9.3 $ 375.4 United Kingdom — 31.5 — — — 31.5 Spain — — — — 28.9 28.9 Total $ 134.5 $ 141.8 $ 50.3 $ 71.0 $ 38.2 $ 435.8
Schedule of Interest Income and Foreign Currency Gain (Loss) Recognized in Loan Pool Participations	The following table presents the interest income and foreign currency gain and (loss) recognized by Kennedy Wilson during the years ended December 31, 2015 , 2014 and 2013 in each of the loan pools that were outstanding: Year Ended December 31, (Dollars in millions) 2015 2014 2013 Interest income recognized $ 4.6 $ 9.5 $ 11.9 Foreign currency translation (loss) gain (1.1 ) (4.7 ) (2.2 ) $ 3.5 $ 4.8 $ 9.7
Schedule of Acquisition Related Gains	As the fair value of each of the assets was in excess of the basis of the previously held mortgage note, the Company recorded the following acquisition related gains: (Amounts shown in millions) Date Description Location Total Joint Venture Acquisition Related Gain The Company's Portion of Total Gain Q2 2013 Class A Office building and Adjacent 3.5 acre site Dublin, Ireland $ 30.1 $ 15.0 Q3 2013 The Rock - a retail, residential, and entertainment center Manchester, UK 32.3 16.2 Q4 2013 Class A Office Building Glasgow, Scotland 10.1 5.0 Total $ 72.5 $ 36.2
Schedule of New Joint Venture Investments	See the table below for a breakdown of contributions to new joint venture investments for the years ended December 31, 2015 , 2014 and 2013: Years Ended December 31, ( Dollars in millions ) 2015 2014 2013 Investment Type Region No. of Properties Initial Contribution No. of Properties Initial Contribution No. of Properties Initial Contribution Commercial Western U.S. 1 $ 9.1 — $ — 4 $ 30.3 Commercial United Kingdom — — 14 57.2 42 92.2 Commercial Ireland — — — — 14 38.7 Multifamily Western U.S. 31 80.5 2 4.7 2 9.1 Multifamily Ireland — — — — 1 58.0 Residential Western U.S. 4 1.4 3 18.3 3 10.0 Residential Japan 50 6.2 — — — — Other Western U.S. 1 2.0 — — — — Other Spain — — — — 1 27.2 Total 87 $ 99.2 19 $ 80.2 67 $ 265.5
Schedule of Cash Distributions by Investment Type and Geographic Location	The following table details cash distributions by investment type and geographic location for the year ended December 31, 2015 : Multifamily Commercial Loan Residential, Hotel and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 36.2 $ 69.9 $ 18.8 $ 35.4 $ 2.3 $ 12.9 $ 6.4 $ 67.9 $ 114.0 Japan 0.4 0.4 — — — — 0.4 0.4 United Kingdom — — 1.2 1.8 6.5 41.5 — — 7.7 43.3 Ireland — — — — 1.7 6.4 — — 1.7 6.4 Spain — — — — 1.1 15.9 1.1 15.9 Total $ 36.6 $ 70.3 $ 20.0 $ 37.2 $ 8.2 $ 50.2 $ 14.0 $ 22.3 $ 78.8 $ 180.0
Joint Venture Summarized Financial Data, Balance Sheet	Summarized financial data of the joint ventures is as follows: December 31, 2015 December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Balance sheets for equity Assets Cash and restricted cash $ 33.8 $ 55.7 $ 89.5 $ 43.7 $ 33.0 $ 76.7 Real estate 432.5 2,857.7 3,290.2 770.9 2,390.2 3,161.1 Other 33.5 108.0 141.5 56.9 49.3 106.2 Total assets $ 499.8 $ 3,021.4 $ 3,521.2 $ 871.5 $ 2,472.5 $ 3,344.0 Liabilities Debt $ 202.7 $ 1,948.7 $ 2,151.4 $ 376.8 $ 1,523.2 $ 1,900.0 Other 37.3 97.7 135.0 44.8 48.3 93.1 Total liabilities 240.0 2,046.4 2,286.4 421.6 1,571.5 1,993.1 Partners’ capital Kennedy Wilson - investments in joint ventures 25.7 194.2 219.9 84.8 281.0 365.8 Other partners 234.1 780.8 1,014.9 365.1 620.0 985.1 Total partners' capital-investments in joint ventures 259.8 975.0 1,234.8 449.9 901.0 1,350.9 Total liabilities and partners’ $ 499.8 $ 3,021.4 $ 3,521.2 $ 871.5 $ 2,472.5 $ 3,344.0 Total investments in joint ventures are comprised of the following: December 31, 2015 December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Equity method $ 25.7 $ 194.2 $ 219.9 $ 84.8 $ 281.0 $ 365.8 Fair value election investments — 210.6 210.6 — 60.7 60.7 25.7 404.8 430.5 84.8 341.7 426.5 Cost method — 13.1 13.1 — 9.3 9.3 Total Investments in joint ventures $ 25.7 $ 417.9 $ 443.6 $ 84.8 $ 351.0 $ 435.8 ————— (1) Equity in income from the joint venture or income from loan pool participation for the year ended December 31, 2013 exceeded 20% of Kennedy Wilson's income from continuing operations before income taxes for the year ended December 31, 2013. No individual investments in joint ventures or loan pool participation exceeded the income test for the years ended December 31, 2015 and amounts in current period greater than 20% are included as they exceed income threshold for the year ended December 31, 2014 or 2013. No individual investments in joint ventures or loan pool participation exceeds 20% of the total assets of Kennedy Wilson as of December 31, 2015 or 2014 . (2) The balance sheets and income statements include all investments in joint ventures, which was determined to be significant investments for the purposes of S-X §210.3-09.
Joint Venture Summarized Financial Data, Income Statement	Equity in joint venture income for the years ended December 31: (Dollars in millions) 2015 2014 2013 Net income allocation $ 58.1 $ 46.5 $ 28.8 Unrealized gain on fair value option and fair value investments 35.0 (1.8 ) 1.0 Total equity in joint venture income $ 93.1 $ 44.7 $ 29.8 Participation income allocation $ 0.1 $ 2.1 $ 8.7 Year Ended December 31, 2015 Year Ended December 31, 2014 (Dollars in millions) Greater than 20% (1) Other Total (2) Greater than 20% (1) Other Total (2) Statements of income: Revenues $ 110.0 $ 391.5 $ 501.5 $ 385.1 $ 539.5 $ 924.6 Depreciation 25.6 70.5 96.1 52.1 60.2 112.3 Interest 12.8 73.5 86.3 22.2 79.8 102.0 Other expenses 42.4 70.9 113.3 254.9 380.8 635.7 Total expenses 80.8 214.9 295.7 329.2 520.8 850.0 Net income (3) $ 29.2 $ 176.6 $ 205.8 $ 55.9 $ 18.7 $ 74.6 Net income allocation: Kennedy Wilson - investments in joint ventures $ (3.0 ) $ 61.1 $ 58.1 $ 5.0 $ 41.5 $ 46.5 Kennedy Wilson - investments in loan pool participation (2) 0.1 — 0.1 2.1 — 2.1 Other partners 32.2 115.5 147.7 34.1 (22.8 ) 11.3 Other partners - investments in loan pool participation (2) (0.1 ) — (0.1 ) 14.7 — 14.7 Net income (3) $ 29.2 $ 176.6 $ 205.8 $ 55.9 $ 18.7 $ 74.6 Year Ended December 31, 2013 (Dollars in millions) Greater than 20% (1) Other Total (2) Statements of income: Revenues $ 229.6 $ 427.5 $ 657.1 Depreciation 58.1 57.9 116.0 Interest 42.3 86.8 129.1 Other expenses 83.6 271.7 355.3 Total expenses 184.0 416.4 600.4 Net income $ 45.6 $ 11.1 $ 56.7 Net income allocation: Kennedy Wilson - investments in joint ventures $ 28.6 $ 0.2 $ 28.8 Kennedy Wilson - investments in loan pool participation (2) 8.7 — 8.7 Other partners - investments in joint ventures (4.3 ) 10.9 6.6 Other partners - investments in loan pool participation 12.6 — 12.6 Net income $ 45.6 $ 11.1 $ 56.7 ————— (1) See discussion above. (2) See discussion above.

FAIR VALUE MEASUREMENTS AND T37

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements	The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2015 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 212.8 $ 212.8 Marketable securities (1) 5.3 — — 5.3 Currency forward contracts (2) — 12.5 — 12.5 Currency option contracts — (0.8 ) — (0.8 ) $ 5.3 $ 11.7 $ 212.8 $ 229.8 (1) Included in other assets. (2) See further discussion of currency forward contracts. The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2014 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 85.9 $ 85.9 Marketable securities 6.5 — — 6.5 Currency forward contracts — 23.9 — 23.9 Currency option contracts — 6.7 — 6.7 $ 6.5 $ 30.6 $ 85.9 $ 123.0
Schedule of Investments in Joint Ventures Held at Fair Value	The following table summarizes our investments in joint ventures held at fair value by type: (Dollars in millions) December 31, 2015 December 31, 2014 FV Option $ 182.2 $ 61.0 Funds 30.6 24.9 Total $ 212.8 $ 85.9
Schedule of Changes in Level 3 Investments	The following table presents changes in Level 3 investments, investments in investment companies and investments in joint ventures that elected the fair value option, for the years ended December 31: (Dollars in millions) 2015 2014 2013 Beginning balance $ 85.9 $ 81.1 $ 68.4 Unrealized and realized gains 42.3 1.8 5.3 Unrealized and realized losses (0.1 ) (2.5 ) (0.3 ) Contributions 125.5 20.0 10.8 Distributions (39.9 ) (10.5 ) (3.1 ) Other (0.9 ) (4.0 ) — Ending Balance $ 212.8 $ 85.9 $ 81.1
Schedule of the Funds and Fair Value Option Investments, Significant Inputs	The table below describes the range of inputs used as of December 31, 2015 for real estate assets: Estimated rates used for Capitalization rates Discount Rates Office 4.50% — 9.00% 5.50% — 11.50% Retail 6.20% — 9.00% 8.25% — 14.00% Hotel n/a n/a Multifamily 5.25% — 7.75% 7.75% — 9.75% Loan n/a 20.00% Land and condominium units n/a 8.00% — 15.00%
Schedule of Currency Forward Contracts	The table below details the currency forward contracts KW Group had as of December 31, 2014: (Amounts in millions, other than forward rate/strike price) Fair Value Assets Change in Unrealized Gains (Losses) December 31, Year Ended December 31, Currency Hedged Type Underlying Currency Notional Amount Trade Date Settlement/Expiration Date Forward Rate/Strike Price 2014 2014 EUR Forward USD €93.5 5/31/2012 - 6/25/2014 6/4/2015 - 6/27/2019 1.2400 - 1.4471 $ 8.7 $ 14.1 GBP Forward USD £118.0 2/13/2014 - 10/9/2014 8/13/2015 - 10/15/2019 1.5943 - 1.6491 5.8 5.8 EUR (1) Forward GBP €196.0 6/18/2014 - 11/10/2014 8/27/2015 - 11/12/2019 0.7905 - 0.8621 9.4 10.0 YEN (2) (3) Option USD ¥42,996.0 9/18/2014 - 12/11/2014 3/26/2015 - 7/31/2015 110.62 - 135.00 6.7 3.0 Total (4) $ 30.6 $ 32.9 (1) Hedge held by KWE on its wholly-owned subsidiaries. (2) Hedge held by KWR on its wholly-owned subsidiaries. (3) For the year ended December 31, 2014, $1.4 million recognized through results of operations due to portion of hedge not designated as a net investment hedge. (4) Hedges are presented gross in the consolidated balance sheet. Hedge assets are included in other assets and hedge liabilities are included in other liabilities. The table below details the currency forward contracts and currency option contracts KW Group had as of December 31, 2015 : (Amounts in millions, other than forward rate/strike price) Fair Value Assets Change in Unrealized Gains (Losses) December 31, Year Ended December 31, Currency Hedged Type Underlying Currency Notional Amount Trade Date Settlement/Expiration Date Forward Rate/Strike Price 2015 2015 EUR (2) Option USD €130.0 3/10/2015 - 3/19/2015 3/7/2019 - 3/19/2020 1.0700 - 1.0960 $ (0.5 ) $ (0.5 ) GBP Forward USD £103.0 2/25/2014 - 8/10/2015 10/9/2018 - 8/12/2020 1.5578 - 1.6371 13.2 9.3 GBP Option USD £100.2 1/7/2015 - 8/17/2015 1/7/2016 - 8/17/2020 1.4235 - 1.5434 3.1 1.9 EUR (1) Forward GBP €345.8 6/18/2014 - 6/29/2015 6/15/2016 - 6/30/2022 0.7110 - 0.8621 (0.6 ) (6.6 ) EUR (1) Option GBP €175.0 3/13/2015 - 6/3/2015 3/15/2018 - 6/3/2020 0.7070 - 0.8115 (3.4 ) (3.4 ) YEN (2) (3) Forward USD ¥649.0 6/23/2015 - 8/21/2015 2/25/2016 - 6/25/2020 111.2600 - 121.5100 (0.1 ) (0.1 ) Total (3) $ 11.7 $ 0.6 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Hedge is held by KWR on its wholly-owned subsidiaries. (3) For the year ended December 31, 2015, $6.9 million loss recognized through other income on the consolidated statement of operations, due to a portion of hedge not designated as a net investment hedge. (4) Hedges are presented gross in the consolidated balance sheet. Hedge assets are included in other assets and hedge liabilities are included in other liabilities.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: December 31, (Dollars in millions) 2015 2014 Above-market leases, net of accumulated amortization of $19.6 million and $6.7 million at December 31, 2015 and 2014 103.3 $ 71.6 Loan fees, net of accumulated amortization of $13.6 million and $5.0 million at December 31, 2015 and 2014, respectively 48.4 36.0 Other, net of accumulated amortization of $3.0 million and $1.8 million at December 31, 2015 and 2014, respectively 36.5 25.8 Hedge assets 30.9 30.6 Office furniture and equipment net of accumulated depreciation of $14.0 million and $5.7 million at December 31, 2015 and December 31, 2014, respectively 27.9 22.0 Goodwill 23.9 23.9 Deferred tax asset, net 22.2 27.6 Prepaid expenses 10.1 11.2 Marketable securities (1) 4.3 6.5 Deposits 4.2 49.9 $ 311.7 $ 305.1 (1) The amount above excludes Kennedy Wilson's 24.7 million shares in KWE as the investment is eliminated due to the consolidation of KWE's results. Based on the closing price of KWE shares on December 31, 2015 , the fair value of Kennedy Wilson's investment in KWE is $440.0 million .

INVESTMENT DEBT (Tables)

INVESTMENT DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	Mortgage loans at December 31, 2015 and 2014 consist of the following: (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWH Consolidated) Region 2015 2014 Multifamily (1) Western U.S. $ 835.2 $ 565.5 Commercial Western U.S. 286.4 131.0 Residential, Hotel, and Other Western U.S 39.4 37.2 Multifamily (1) Japan — 242.9 Commercial Japan 2.0 2.1 Commercial (1)(2) Ireland 380.3 412.5 Multifamily (1)(2) Ireland 187.1 133.6 Residential and Other (1)(2) Ireland 7.3 29.0 Hotel Ireland 78.2 72.9 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 976.2 569.2 Secured investment debt $ 2,795.5 $ 2,195.9 Unsecured investment debt (1),(2) United Kingdom 862.7 — Investment Debt $ 3,658.2 $ 2,195.9 ———————————————————— (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 (discount) premium as of December 31, 2015 and 2014 was $(5.4) million and $15.4 million . (2) Includes $2,102.2 million and $861.7 million of investment debt on properties that were acquired and held by KWE as of December 31, 2015 and 2014 , respectively. Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 , respectively. See the table below for detailed breakout. (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWE) Region 2015 2014 Commercial (1)(2) Ireland 286.7 323.8 Multifamily (1)(2) Ireland 51.5 40.3 Residential and Other (1)(2) Ireland — 14.6 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 897.9 483.0 Investment Debt $ 1,239.5 $ 861.7 Unsecured (1),(2) United Kingdom 862.7 — $ 2,102.2 $ 861.7 ———————————————————— (1) The mortgage loan payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) 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 (discount) premium as of December 31, 2015 and 2014 was $(13.6) million and $ 0 million , respectively. (2) Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 . (Dollars in millions) December 31, 2015 December 31, 2014 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 2024 Notes 5.88% 4/1/2024 650.0 (2.4 ) 647.6 650.0 (2.6 ) 647.4 Senior Notes $ 705.0 $ (2.4 ) $ 702.6 $ 705.0 $ (2.6 ) $ 702.4
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans and notes payable subsequent to December 31, 2015 are as follows: (Dollars in millions) 2016 $ 43.5 2017 190.3 2018 232.6 2019 859.2 2020 264.9 Thereafter 2,073.1 3,663.6 Debt discount (5.4 ) $ 3,658.2

SENIOR NOTES SENIOR NOTES (Tabl

SENIOR NOTES SENIOR NOTES (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Senior Notes	Mortgage loans at December 31, 2015 and 2014 consist of the following: (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWH Consolidated) Region 2015 2014 Multifamily (1) Western U.S. $ 835.2 $ 565.5 Commercial Western U.S. 286.4 131.0 Residential, Hotel, and Other Western U.S 39.4 37.2 Multifamily (1) Japan — 242.9 Commercial Japan 2.0 2.1 Commercial (1)(2) Ireland 380.3 412.5 Multifamily (1)(2) Ireland 187.1 133.6 Residential and Other (1)(2) Ireland 7.3 29.0 Hotel Ireland 78.2 72.9 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 976.2 569.2 Secured investment debt $ 2,795.5 $ 2,195.9 Unsecured investment debt (1),(2) United Kingdom 862.7 — Investment Debt $ 3,658.2 $ 2,195.9 ———————————————————— (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 (discount) premium as of December 31, 2015 and 2014 was $(5.4) million and $15.4 million . (2) Includes $2,102.2 million and $861.7 million of investment debt on properties that were acquired and held by KWE as of December 31, 2015 and 2014 , respectively. Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 , respectively. See the table below for detailed breakout. (Dollars in millions) Carrying amount of investment debt as of December 31, (1) Types of Property Pledged as Collateral (KWE) Region 2015 2014 Commercial (1)(2) Ireland 286.7 323.8 Multifamily (1)(2) Ireland 51.5 40.3 Residential and Other (1)(2) Ireland — 14.6 Residential and Other (1)(2) Spain 3.4 — Commercial (1)(2) United Kingdom 897.9 483.0 Investment Debt $ 1,239.5 $ 861.7 Unsecured (1),(2) United Kingdom 862.7 — $ 2,102.2 $ 861.7 ———————————————————— (1) The mortgage loan payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) 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 (discount) premium as of December 31, 2015 and 2014 was $(13.6) million and $ 0 million , respectively. (2) Kennedy Wilson owns approximately 18.2% and 14.9% of the total issued share capital of KWE as of December 31, 2015 and 2014 . (Dollars in millions) December 31, 2015 December 31, 2014 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 2024 Notes 5.88% 4/1/2024 650.0 (2.4 ) 647.6 650.0 (2.6 ) 647.4 Senior Notes $ 705.0 $ (2.4 ) $ 702.6 $ 705.0 $ (2.6 ) $ 702.4

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	. The table below presents related party fees earned during the periods: Year ended December 31, (Dollars in millions) 2015 2014 2013 Investment management, property services, and research fees $ 37.8 $ 57.4 $ 46.0 Total related party revenue $ 37.8 $ 57.4 $ 46.0

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The table below represents a geographical breakdown of book income (loss) before the provision for income taxes: Year ended December 31, (Dollars in millions) 2015 2014 2013 Domestic $ 61.2 $ 60.2 $ 27.4 Foreign 51.2 62.3 (10.6 ) Total $ 112.4 $ 122.5 $ 16.8
Schedule of (Benefit from) Provision for Income Taxes	Year ended December 31, (Dollars in millions) 2015 2014 2013 Federal Current $ 0.2 $ — $ (0.1 ) Deferred 13.2 31.0 5.2 13.4 31.0 5.1 State Current — 0.1 — Deferred 0.3 5.2 (0.1 ) 0.3 5.3 (0.1 ) Foreign Current 31.9 4.1 0.3 Deferred 7.8 (8.0 ) (2.4 ) 39.7 (3.9 ) (2.1 ) Total $ 53.4 $ 32.4 $ 2.9
Reconciliation of the Statutory Federal Income Tax Rate	A reconciliation of the statutory federal income tax rate of 35% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2015 2014 2013 Tax computed at the statutory rate $ 39.3 $ 41.8 $ 5.6 Foreign permanent differences, primarily non-deductible depreciation, amortization and acquisition-related expenses in the United Kingdom 13.7 0.3 — Sale of KWR, investment basis difference 10.6 — — Effect of foreign taxes, net of foreign tax credits (3.8 ) 3.4 2.3 Noncontrolling interests (2.8 ) (22.7 ) (6.9 ) Adjustment to investment basis 1.4 2.0 — Non-vested stock expense 1.0 — — State income taxes, net of federal benefit (1.5 ) 2.7 — Other (4.5 ) 4.9 1.9 Provision for (benefit from) income taxes $ 53.4 $ 32.4 — $ 2.9
Schedule of Deferred Tax Assets and Liabilities	Cumulative tax effects of temporary differences are shown below at December 31, 2015 and 2014 : Year ended December 31, (Dollars in millions) 2015 2014 Deferred tax assets: Foreign currency translation $ 113.6 $ 91.5 Net operating loss carryforward and credits 87.5 40.9 Stock option expense 8.0 4.2 Marketable securities 0.4 0.3 Accrued reserves 0.3 0.3 Total deferred tax assets 209.8 137.2 Valuation allowance (37.7 ) (3.4 ) Net deferred tax assets 172.1 133.8 Deferred tax liabilities: Investment basis, depreciation, amortization and reserve differences 125.6 91.7 Hedging transactions 15.5 11.7 Prepaid expenses and other 6.5 0.5 Capitalized interest 2.3 2.3 Total deferred tax liabilities 149.9 106.2 Deferred tax asset (liability), net $ 22.2 $ 27.6

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments under scheduled operating leases that have initial or remaining noncancelable terms in excess of one year are as follows: (Dollars in millions) Year ending December 31, 2016 $ 3.3 2017 2.1 2018 1.6 2019 1.5 2020 1.5 Thereafter 2.9 Total minimum payments $ 12.9

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Share Activity	The following table sets forth activity under the Equity Plan and Amended and Restated Plan: Shares Nonvested at December 31, 2013 3,357,202 Granted 3,147,500 Vested (855,494 ) Forfeited (2,475 ) Nonvested at December 31, 2014 5,646,733 Granted 1,754,750 Vested (1,069,990 ) Forfeited (57,148 ) Nonvested at December 31, 2015 6,274,345

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash dividends on its common and preferred stock: (Dollars in millions) Year Ended December 31, 2015 Year Ended December 31, 2014 Declared Paid Declared Paid Preferred Stock Series A (1) $ 1.5 $ 1.5 $ 6.0 $ 6.0 Series B 2.1 2.1 2.1 2.1 Total Preferred Stock 3.6 3.6 8.1 8.1 Common Stock 53.3 48.2 33.6 30.8 Total (2) $ 56.9 $ 51.8 $ 41.7 $ 38.9 ————— (1) The decrease in Series A dividends during the current year is due to the conversion into common shares during the second quarter 2015. See discussion above. (2) The difference between declared and paid is the amount accrued on the consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive income (loss) ("AOCI"), net of taxes: (Dollars in millions) Foreign Currency Translation Foreign Currency Derivative Contracts Marketable Securities Total Accumulated Other Comprehensive Income Balance at December 31, 2014 $ (42.4 ) $ 14.4 $ (0.2 ) $ (28.2 ) Unrealized (losses) gains, arising during the period (175.4 ) 20.9 0.1 (154.4 ) Amounts reclassified out of AOCI during the period 18.8 (9.0 ) (0.1 ) 9.7 Taxes on unrealized (losses) gains, arising during the period 37.1 (14.6 ) — 22.5 Noncontrolling interest 92.0 10.7 — 102.7 Balance at December 31, 2015 $ (69.9 ) $ 22.4 $ (0.2 ) $ (47.7 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share: Year ended December 31, (Dollars in millions, except share amounts and per share data) 2015 2014 2013 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 71.1 $ 13.8 $ (14.5 ) Net income and dividends allocated to participating securities (2.9 ) (1.4 ) (0.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 68.2 12.4 (15.4 ) Dividends declared on common shares (51.1 ) (32.3 ) (20.9 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 17.1 $ (19.9 ) $ (36.3 ) Distributed earnings per share $ 0.48 $ 0.36 $ 0.28 Undistributed (losses) earnings per share 0.18 (0.22 ) (0.49 ) Income (loss) per basic 0.66 0.14 (0.21 ) Income (loss) per diluted $ 0.66 $ 0.14 $ (0.21 ) Weighted-average shares outstanding for basic 103,261,513 89,200,855 71,159,919 Weighted average shares outstanding for diluted 109,553,728 91,555,214 71,159,919 Dividends declared per common share $ 0.48 $ 0.36 $ 0.28

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize the income and expense activity by segment for the years ended December 31, 2015 , 2014 and 2013 and total assets as of December 31, 2015 , 2014 and 2013 . Year Ended December 31, (Dollars in millions) 2015 2014 2013 Investments Rental $ 404.8 $ 206.9 $ 40.3 Hotel 106.4 63.3 2.7 Sale of real estate 3.7 28.4 10.1 Loans and other income 19.5 17.4 1.9 Total revenue 534.4 316.0 55.0 Depreciation and amortization (166.3 ) (104.5 ) (17.4 ) Operating Expenses (283.3 ) (201.6 ) (69.1 ) Income from unconsolidated investments 93.6 48.3 41.4 Operating Income 178.4 58.2 9.9 Gain on sale of real estate 72.4 — — Acquisition-related gains 108.1 218.1 56.6 Acquisition-related expenses (37.3 ) (19.7 ) (1.6 ) Interest expense-investment (108.8 ) (46.3 ) (11.8 ) Other (2.5 ) 5.1 (2.2 ) Income before benefit from income taxes 210.3 215.4 50.9 (Provision for) benefit from income taxes (23.4 ) — — Net income 186.9 215.4 50.9 Net income attributable to the non-controlling interests 15.3 (73.6 ) (20.3 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 202.2 $ 141.8 $ 30.6 Year Ended December 31, (Dollars in millions) 2015 2014 2013 Services Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively) $ 69.3 $ 82.6 $ 68.1 Total revenue 69.3 82.6 68.1 Operating expenses (69.7 ) (61.1 ) (40.7 ) Income from unconsolidated investments 3.8 5.9 — Net Income 3.4 27.4 27.4 Net loss attributable to the noncontrolling interests 0.4 5.4 — Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 3.8 $ 32.8 $ 27.4 Year Ended December 31, (Dollars in millions) 2015 2014 2013 Corporate Operating expenses $ (53.4 ) $ (35.8 ) $ (21.9 ) Operating loss (53.4 ) (35.8 ) (21.9 ) Interest income — — 0.3 Interest expense - corporate (46.9 ) (57.1 ) (39.9 ) Loss on extinguishment of corporate debt (1.0 ) (27.3 ) — Other — — — Loss before (provision for) income taxes (101.3 ) (120.2 ) (61.5 ) (Provision for) benefit from income taxes (30.0 ) (32.4 ) (2.9 ) Net loss (131.3 ) (152.6 ) (64.4 ) Preferred dividends and accretion of preferred stock issuance costs (3.6 ) (8.1 ) (8.1 ) Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (134.9 ) $ (160.7 ) $ (72.5 ) Year Ended December 31, (Dollars in millions) 2015 2014 2013 Consolidated Rental $ 404.8 $ 206.9 $ 40.3 Hotel 106.4 63.3 2.7 Sale of real estate 3.7 28.4 10.1 Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively) 69.3 82.6 68.1 Loans purchases, loan originations, and other 19.5 17.4 1.9 Total revenue 603.7 398.6 123.1 Operating expenses 406.4 298.6 131.7 Depreciation and amortization 166.3 104.5 17.4 Total operating expenses 572.7 403.1 149.1 Income from unconsolidated investments 97.4 54.2 41.4 Operating income 128.4 49.7 15.4 Gain on sale of real estate 72.4 — — Acquisition-related gains 108.1 218.1 56.6 Acquisition-related expenses (37.3 ) (19.7 ) (1.6 ) Interest expense - investment (108.8 ) (46.3 ) (11.8 ) Interest expense - corporate (46.9 ) (57.1 ) (39.9 ) Loss on extinguishment of corporate debt (1.0 ) (27.3 ) — Other (2.5 ) 5.1 (1.9 ) Income before benefit from income taxes 112.4 122.5 16.8 (Provision for) benefit from income taxes (53.4 ) (32.4 ) (2.9 ) Net income 59.0 90.1 13.9 Net income attributable to the noncontrolling interests 15.7 (68.2 ) (20.3 ) Preferred dividends and accretion of preferred stock issuance costs (3.6 ) (8.1 ) (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 71.1 $ 13.8 $ (14.5 ) December 31, (Dollars in millions) 2015 2014 Assets Investments $ 7,418.6 $ 6,017.9 Services 58.1 60.2 Corporate 163.4 254.0 Total assets $ 7,640.1 $ 6,332.1 December 31, (Dollars in millions) 2015 2014 2013 Expenditures for long lived assets Investments $ (1,927.6 ) $ (1,962.2 ) $ (168.5 )
Schedule of Revenue, by Geographical Areas	The revenue shown in the table below is allocated based upon the country in which services are performed. Year Ended December 31, (Dollars in millions) 2015 2014 2013 United States $ 229.3 $ 174.9 $ 87.6 Europe 361.1 209.2 35.1 Japan 13.3 14.5 0.4 Total Revenue $ 603.7 $ 398.6 $ 123.1

GUARANTOR AND NON-GUARANTOR F48

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 80.2 $ 37.0 $ 65.4 $ — $ 182.6 Cash held by consolidated investments — — — 549.0 — 549.0 Accounts receivable — — 30.2 24.5 — 54.7 Loan purchases and originations — 79.4 12.2 245.9 (37.8 ) 299.7 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,017.5 4,780.0 — 5,797.5 Unconsolidated investments — 14.6 292.6 137.7 — 444.9 Investments in and advances to consolidated subsidiaries 1,148.0 1,898.9 1,185.4 0.2 (4,232.5 ) — Other assets — — 30.2 281.5 — 311.7 Total Assets $ 1,148.0 $ 2,073.1 $ 2,605.1 $ 6,084.2 $ (4,270.3 ) $ 7,640.1 Liabilities Accounts Payable — 0.5 2.5 19.2 — 22.2 Accrued expenses and other liabilities 14.0 222.0 118.8 37.2 — 392.0 Senior notes payable — 702.6 — — — 702.6 Investment debt — — 584.9 3,111.1 (37.8 ) 3,658.2 Total liabilities 14.0 925.1 706.2 3,167.5 (37.8 ) 4,775.0 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,134.0 1,148.0 1,898.9 1,185.4 (4,232.5 ) 1,133.8 Noncontrolling interests — — — 1,731.3 — 1,731.3 Total equity 1,134.0 1,148.0 1,898.9 2,916.7 (4,232.5 ) 2,865.1 Total liabilities and equity $ 1,148.0 $ 2,073.1 $ 2,605.1 $ 6,084.2 $ (4,270.3 ) $ 7,640.1 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 38.2 $ 21.0 $ 115.4 $ — $ 174.6 Cash held by consolidated investments — — — 763.1 — 763.1 Accounts receivable — — 31.5 24.1 — 55.6 Loan purchases and originations — 38.5 20.6 292.1 (37.8 ) 313.4 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 474.5 3,753.6 — 4,228.1 Unconsolidated investments — 9.3 328.7 154.2 — 492.2 Investments in and advances to consolidated subsidiaries 909.8 1,655.0 1,065.6 — (3,630.4 ) — Other assets — 63.7 40.6 200.8 — 305.1 Total Assets $ 909.8 $ 1,804.7 $ 1,982.5 $ 5,303.3 $ (3,668.2 ) $ 6,332.1 Liabilities Accounts payable, accrued expenses and other liabilities $ 8.7 $ 67.5 $ 79.2 $ 109.5 $ — $ 264.9 Senior notes payable — 702.4 — — — 702.4 Investment debt — — 248.3 1,985.4 (37.8 ) 2,195.9 Line of credit — 125.0 — — — 125.0 Total liabilities 8.7 894.9 327.5 2,094.9 (37.8 ) 3,288.2 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 901.1 909.8 1,655.0 1,065.6 (3,630.4 ) 901.1 Noncontrolling interests — — — 2,142.8 — 2,142.8 Total equity 901.1 909.8 1,655.0 3,208.4 (3,630.4 ) 3,043.9 Total liabilities and equity $ 909.8 $ 1,804.7 $ 1,982.5 $ 5,303.3 $ (3,668.2 ) $ 6,332.1
Consolidating Statement of Operations	CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 65.4 $ 339.4 $ — $ 404.8 Hotel — — — 106.4 — 106.4 Sale of real estate — — — 3.7 — 3.7 Investment management, property services, and research fees — — 66.1 3.2 — 69.3 Loan purchases, loan originations, and other — 0.1 1.2 18.2 — 19.5 Total revenue — 0.1 132.7 470.9 — 603.7 Operating expenses Rental operating — — 25.3 82.7 — 108.0 Hotel operating — — — 89.9 — 89.9 Cost of real estate sold — — — 2.6 — 2.6 Commission and marketing — 1.6 4.6 1.1 — 7.3 Compensation and related 30.8 50.1 65.4 8.5 — 154.8 General and administrative — 15.0 16.7 12.1 — 43.8 Depreciation and amortization — 0.8 20.8 144.7 — 166.3 Total operating expenses 30.8 67.5 132.8 341.6 — 572.7 Income from unconsolidated investments — 0.4 79.3 17.7 — 97.4 Income (loss) from consolidated subsidiaries 89.8 220.1 95.9 — (405.8 ) — Operating income (loss) 59.0 153.1 175.1 147.0 (405.8 ) 128.4 Non-operating income (expense) Acquisition-related gains — — 70.0 38.1 — 108.1 Acquisition-related expenses — (0.8 ) (0.7 ) (35.8 ) — (37.3 ) Interest expense - corporate — (46.9 ) — — — (46.9 ) Interest expense - investment — — (15.8 ) (93.0 ) — (108.8 ) Loss on early extinguishment of corporate debt — (1.0 ) — — — (1.0 ) Gain on sale of real estate — — 0.1 72.3 — 72.4 Other (expense) income — 1.0 (1.7 ) (1.8 ) — (2.5 ) Income (loss) before provision from income taxes 59.0 105.4 227.0 126.8 (405.8 ) 112.4 Provision for income taxes — (15.6 ) (6.9 ) (30.9 ) — (53.4 ) Net income (loss) 59.0 89.8 220.1 95.9 (405.8 ) 59.0 Net loss attributable to the noncontrolling interests — — — 15.7 — 15.7 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 59.0 89.8 220.1 111.6 (405.8 ) 74.7 Preferred stock dividends and accretion of issuance costs (3.6 ) — — — — (3.6 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 55.4 $ 89.8 $ 220.1 $ 111.6 $ (405.8 ) $ 71.1 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 20.4 $ 186.5 $ — $ 206.9 Hotel — — — 63.3 — 63.3 Sale of real estate — — 0.7 27.7 — 28.4 Investment management, property services, and research fees — — 78.9 3.7 — 82.6 Loan purchases, loan originations, and other — 0.1 2.0 15.3 — 17.4 Total revenue — 0.1 102.0 296.5 — 398.6 Operating expenses Rental operating — — — 59.3 — 59.3 Hotel operating — — — 57.1 — 57.1 Cost of real estate sold — — 0.7 20.0 — 20.7 Commission and marketing expenses — — 4.4 1.2 — 5.6 Compensation and related expenses 15.9 52.8 38.1 7.0 — 113.8 General and administrative — 12.4 15.8 13.9 — 42.1 Depreciation and amortization — 0.9 12.2 91.4 — 104.5 Total operating expenses 15.9 66.1 71.2 249.9 — 403.1 Income from unconsolidated investments — 3.4 39.0 11.8 — 54.2 Income (loss) from consolidated subsidiaries 106.0 278.4 215.5 — (599.9 ) — Operating income (loss) 90.1 215.8 285.3 58.4 (599.9 ) 49.7 Non-operating income (expense) Acquisition-related gains — (7.0 ) 3.7 221.4 — 218.1 Acquisition-related expenses — — (2.3 ) (17.4 ) — (19.7 ) Interest expense - corporate — (56.3 ) — (0.8 ) — (57.1 ) Interest expense - investment — — (6.8 ) (39.5 ) — (46.3 ) Loss on early extinguishment of corporate debt — (27.3 ) — — — (27.3 ) Other (expense) income — 0.2 1.5 3.4 — 5.1 Income (loss) before benefit from income taxes 90.1 125.4 281.4 225.5 (599.9 ) 122.5 Provision for income taxes — (19.4 ) (3.0 ) (10.0 ) — (32.4 ) Net income (loss) 90.1 106.0 278.4 215.5 (599.9 ) 90.1 Net income attributable to the noncontrolling interests — — — (68.2 ) — (68.2 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 90.1 106.0 278.4 147.3 (599.9 ) 21.9 Preferred dividends and accretion of preferred stock issuance costs (8.1 ) — — — — (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 82.0 $ 106.0 $ 278.4 $ 147.3 $ (599.9 ) $ 13.8 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental — 0.1 6.7 33.5 — 40.3 Hotel — — — 2.7 — 2.7 Sale of real estate — — 10.1 — — 10.1 Investment management, property services, and research fees — 0.4 26.9 40.8 — 68.1 Loan purchases, loan originations, and other — — 1.9 — — 1.9 Total revenue — 0.5 45.6 77.0 — 123.1 Operating expenses Rental operating — — 3.5 13.2 — 16.7 Hotel operating — — — 2.2 — 2.2 Cost of real estate sold — — 7.9 — — 7.9 Commission and marketing expenses — 0.3 2.9 0.4 — 3.6 Compensation and related expenses 7.5 31.9 14.8 22.5 — 76.7 General and administrative 0.3 9.4 5.1 9.8 — 24.6 Depreciation and amortization — 0.9 4.8 11.7 — 17.4 Total operating expenses 7.8 42.5 39.0 59.8 — 149.1 Income (loss) from unconsolidated investments — 2.9 52.1 (13.6 ) — 41.4 Income (loss) from consolidated subsidiaries 21.7 105.4 51.3 — (178.4 ) — Operating income 13.9 66.3 110.0 3.6 (178.4 ) 15.4 Non-operating income (expense) Acquisition-related gains — — — 56.6 — 56.6 Acquisition-related expenses — (0.2 ) (0.4 ) (1.0 ) — (1.6 ) Interest expense - corporate — (39.9 ) — — — (39.9 ) Interest expense - investment — — (1.8 ) (10.0 ) — (11.8 ) Other income (expense) — 0.4 (2.4 ) 0.1 — (1.9 ) Income before (provision for) benefit from income taxes 13.9 26.6 105.4 49.3 (178.4 ) 16.8 (Provision for) benefit from income taxes — (4.9 ) — 2.0 — (2.9 ) Net income (loss) 13.9 21.7 105.4 51.3 (178.4 ) 13.9 Net income attributable to the noncontrolling interests — — — (20.3 ) — (20.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. 13.9 21.7 105.4 31.0 (178.4 ) (6.4 ) Preferred dividends and accretion of preferred stock issuance costs (8.1 ) — — — — (8.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 5.8 $ 21.7 $ 105.4 $ 31.0 $ (178.4 ) $ (14.5 )
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income $ 59.0 $ 89.8 $ 220.1 $ 95.9 $ (405.8 ) $ 59.0 Other comprehensive income (loss), net of tax: Unrealized gain (loss) on marketable securities 0.1 0.1 — — (0.1 ) 0.1 Unrealized foreign currency translation gain (loss) (138.3 ) (138.3 ) (13.6 ) (29.6 ) 181.5 (138.3 ) Amounts reclassified from accumulated other comprehensive income 9.7 9.7 (0.6 ) 10.3 (19.4 ) 9.7 Unrealized forward contract forward currency gain (loss) 6.3 6.3 11.5 (5.2 ) (12.6 ) 6.3 Total other comprehensive income (loss) for the period $ (122.2 ) $ (122.2 ) $ (2.7 ) $ (24.5 ) $ 149.4 $ (122.2 ) Comprehensive income (63.2 ) (32.4 ) 217.4 71.4 (256.4 ) (63.2 ) Comprehensive income attributable to noncontrolling interests — — — 118.4 — 118.4 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ (63.2 ) $ (32.4 ) $ 217.4 $ 189.8 $ (256.4 ) $ 55.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income (loss) $ 90.1 $ 106.0 $ 278.4 $ 215.5 $ (599.9 ) $ 90.1 Other comprehensive income (loss), net of tax: Unrealized gain (loss) on marketable securities (0.2 ) (0.2 ) — — 0.2 (0.2 ) Unrealized foreign currency translation gain (loss) (46.4 ) (46.4 ) 1.9 (41.0 ) 85.5 (46.4 ) Amounts reclassified from accumulated other comprehensive income (7.1 ) (7.1 ) 1.2 (8.3 ) 14.2 (7.1 ) Unrealized forward contract forward currency gain (loss) 16.3 16.3 4.9 15.2 (36.4 ) 16.3 Total other comprehensive income (loss) for the period (37.4 ) (37.4 ) 8.0 (34.1 ) 63.5 (37.4 ) Comprehensive income (loss) $ 52.7 $ 68.6 $ 286.4 $ 181.4 $ (536.4 ) $ 52.7 Comprehensive income attributable to noncontrolling interests — — — (15.6 ) — (15.6 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 52.7 $ 68.6 $ 286.4 $ 165.8 $ (536.4 ) $ 37.1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net Income (loss) $ 13.9 $ 21.7 $ 105.4 $ 51.3 $ (178.4 ) $ 13.9 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation gain (loss) (9.3 ) (9.3 ) (10.0 ) 0.8 18.5 (9.3 ) Amounts reclassified from accumulated other comprehensive income 2.8 2.8 2.8 — (5.6 ) 2.8 Unrealized forward contract forward currency gain (loss) 3.1 3.1 5.0 — (8.1 ) 3.1 Total other comprehensive income (loss) for the period (3.4 ) (3.4 ) (2.2 ) 0.8 4.8 (3.4 ) Comprehensive income (loss) $ 10.5 $ 18.3 $ 103.2 $ 52.1 $ (173.6 ) $ 10.5 Comprehensive income attributable to noncontrolling interests — — — (20.3 ) — (20.3 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 10.5 $ 18.3 $ 103.2 $ 31.8 $ (173.6 ) $ (9.8 )
Condensed Consolidated Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2015 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by operating activities $ 5.3 $ 67.4 $ 105.4 $ 0.1 $ 178.2 Cash flows from investing activities: Additions to loans — (41.0 ) — (194.8 ) (235.8 ) Collections of loans — — 8.8 19.0 27.8 Nonrefundable escrow deposits — — — (3.8 ) (3.8 ) Net proceeds from sale of real estate — — — 622.6 622.6 Purchases of and additions to real estate — — (220.3 ) (1,707.3 ) (1,927.6 ) Investment in marketable securities — — (5.0 ) — (5.0 ) Proceeds from sale of marketable securities — — 6.2 — 6.2 Investing distributions from unconsolidated investments — 83.1 96.9 180.0 Contributions to unconsolidated investments — (2.9 ) (81.5 ) (99.9 ) (184.3 ) Proceeds from settlement of foreign currency derivative contracts — 23.4 — 18.1 41.5 Purchases of foreign currency derivative contracts — (3.6 ) — (1.6 ) (5.2 ) (Investments in) distributions from consolidated subsidiaries, net (157.1 ) 128.4 (40.0 ) 68.7 — Net cash (used in) provided by investing activities (157.1 ) 104.3 (248.7 ) (1,182.1 ) (1,483.6 ) Cash flow from financing activities: Borrowings under lines of credit — 95.0 — — 95.0 Repayment of lines of credit — (220.0 ) — — (220.0 ) Borrowings under investment debt — — 168.1 1,919.8 2,087.9 Repayment of investment debt — — (7.4 ) (673.7 ) (681.1 ) Debt issue costs — (4.7 ) (1.4 ) (15.6 ) (21.7 ) Issuance of common stock 215.0 — — — 215.0 Repurchase of common stock (11.4 ) — — — (11.4 ) Dividends paid (51.8 ) — — — (51.8 ) Acquisitions of noncontrolling interests — — — (68.4 ) (68.4 ) Contributions from noncontrolling interests — — — 14.5 14.5 Distributions to noncontrolling interests — — — (239.2 ) (239.2 ) Net cash provided by (used in) financing activities 151.8 (129.7 ) 159.3 937.4 1,118.8 Effect of currency exchange rate changes on cash and cash equivalents — — — (19.5 ) (19.5 ) Net change in cash and cash equivalents — 42.0 16.0 (264.1 ) (206.1 ) Cash and cash equivalents, beginning of year — 38.2 21.0 878.5 937.7 Cash and cash equivalents, end of year $ — $ 80.2 $ 37.0 $ 614.4 $ 731.6 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2014 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities: $ (1.0 ) $ (203.8 ) $ 125.1 $ 177.8 $ 98.1 Cash flows from investing activities: Additions to loans — — (10.7 ) (526.1 ) (536.8 ) Collections of loans — — 15.1 80.8 95.9 Net proceeds from sale of real estate — — — 24.7 24.7 Purchases of and additions to real estate — (0.6 ) (141.5 ) (1,820.1 ) (1,962.2 ) Nonrefundable escrow deposits — — — (47.7 ) (47.7 ) Investment in marketable securities — — (11.5 ) — (11.5 ) Proceeds from sale of marketable securities — — 8.6 — 8.6 Investing distributions from unconsolidated investments — 0.3 52.1 59.4 111.8 Contributions to unconsolidated investments — (2.0 ) (70.8 ) (94.9 ) (167.7 ) Proceeds from settlement of foreign currency derivative contracts — — — 14.4 14.4 Purchases of foreign currency derivative contracts — — — (2.7 ) (2.7 ) (Investments in) distributions from consolidated subsidiaries, net (142.5 ) (172.8 ) (89.7 ) 405.0 — Net cash (used in) provided by investing activities (142.5 ) (175.1 ) (248.4 ) (1,907.2 ) (2,473.2 ) Cash flow from financing activities: Borrowings under senior notes payable — 647.2 — — 647.2 Repayment of senior notes payable — (350.0 ) — — (350.0 ) Repayments of junior subordinated debt — (40.0 ) — — (40.0 ) Borrowings under lines of credit — 215.0 — — 215.0 Repayment of lines of credit — (90.0 ) — — (90.0 ) Borrowings under investment debt — — 68.8 1,215.0 1,283.8 Repayment of investment debt — — (0.7 ) (345.1 ) (345.8 ) Debt issue costs — (13.3 ) (1.0 ) (24.4 ) (38.7 ) Issuance of common stock 190.6 — — — 190.6 Repurchase of common stock (8.2 ) — — — (8.2 ) Proceeds from issuance of KWE shares, net — — — 1,827.2 1,827.2 Dividends paid (38.9 ) — — — (38.9 ) Acquisitions of noncontrolling interests — — — (51.0 ) (51.0 ) Contributions from noncontrolling interests — — — 19.9 19.9 Distributions from noncontrolling interests — — — (57.7 ) (57.7 ) Net cash provided by financing activities 143.5 368.9 67.1 2,583.9 3,163.4 Effect of currency exchange rate changes on cash and cash equivalents — — — (28.8 ) (28.8 ) Net change in cash and cash equivalents — (10.0 ) (56.2 ) 825.7 759.5 Cash and cash equivalents, beginning of year — 48.2 77.2 52.8 178.2 Cash and cash equivalents, end of year $ — $ 38.2 $ 21.0 $ 878.5 $ 937.7 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2013 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities: $ 0.6 $ (67.0 ) $ 47.6 $ 50.1 $ 31.3 Cash flows from investing activities: Additions to loans — (39.6 ) (22.1 ) — (61.7 ) Settlements of loans — 7.8 38.1 0.1 46.0 Net proceeds from sale of real estate — — 9.8 0.3 10.1 Purchases of and additions to real estate — — (62.4 ) (106.1 ) (168.5 ) Nonrefundable escrow deposits — (4.0 ) — — (4.0 ) Short term investment — 10.0 — — 10.0 Sale of participation interests — — 6.6 — 6.6 Capitalized development costs — (1.4 ) — — (1.4 ) Investment in marketable securities — — (3.7 ) — (3.7 ) Distributions from unconsolidated investments — 0.4 167.8 7.2 175.4 Contributions to unconsolidated investments — (2.3 ) (230.2 ) (125.1 ) (357.6 ) (Investments in) distributions from consolidated subsidiaries, net (262.6 ) 104.4 43.8 114.4 — Net cash (used in) provided by investing activities (262.6 ) 75.3 (52.3 ) (109.2 ) (348.8 ) Cash flow from financing activities: Borrowings under lines of credit — 125.0 — — 125.0 Repayment of lines of credit — (125.0 ) — — (125.0 ) Borrowings under investment debt — — 41.1 71.4 112.5 Repayment of investment debt — — — (1.7 ) (1.7 ) Debt issuance costs — (1.3 ) (0.3 ) (0.6 ) (2.2 ) Issuance of common stock 275.9 — — — 275.9 Repurchase of common stock (3.8 ) — — — (3.8 ) Repurchase of warrants (1.4 ) — — — (1.4 ) Exercise of warrants 15.4 — — — 15.4 Dividends paid (24.1 ) — — — (24.1 ) Contributions from noncontrolling interests — — — 1.4 1.4 Distributions from noncontrolling interests — — — (0.6 ) (0.6 ) Intercompany receivables, net — (23.5 ) — 23.5 — Net cash provided by (used in) financing activities 262.0 (24.8 ) 40.8 93.4 371.4 Effect of currency exchange rate changes on cash and cash equivalents — 0.2 2.6 0.6 3.4 Net change in cash and cash equivalents — (16.3 ) 38.7 34.9 57.3 Cash and cash equivalents, beginning of year — 64.5 38.5 17.9 120.9 Cash and cash equivalents, end of year $ — $ 48.2 $ 77.2 $ 52.8 $ 178.2

UNAUDITED QUARTERLY INFORMATI49

UNAUDITED QUARTERLY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	(Dollars in millions, except earnings per share amounts) Year ended December 31, 2015 Fourth Quarter Third Quarter Second Quarter First Quarter Revenues $ 166.3 $ 159.2 $ 140.5 $ 137.7 Operating expenses 164.9 144.5 141.9 121.4 Income from unconsolidated investments 53.3 15.9 17.0 11.2 Operating income 54.7 30.6 15.6 27.5 Non-operating (expenses) income (5.5 ) (21.0 ) 50.4 (39.9 ) Income (loss) before provision for income taxes 49.2 9.6 66.0 (12.4 ) (Provision for) benefit from income taxes (20.9 ) (4.5 ) (36.1 ) 8.1 Net income (loss) 28.3 5.1 29.9 (4.3 ) Net (income) loss attributable to noncontrolling interests 0.7 10.3 1.9 2.8 Preferred stock dividends and accretion of issuance costs (0.5 ) (0.5 ) (0.6 ) (2.0 ) Net (loss) income attributable to Kennedy-Wilson $ 28.5 $ 14.9 $ 31.2 $ (3.5 ) Basic (loss) earnings per share $ 0.25 $ 0.13 $ 0.29 $ (0.05 ) Diluted (loss) earnings per share $ 0.25 $ 0.13 $ 0.27 $ (0.05 ) (Dollars in millions, except earnings per share amounts) Year ended December 31, 2014 Fourth Third Second First Revenues $ 141.6 $ 113.7 $ 91.9 $ 51.4 Operating expenses 139.6 114.2 88.5 60.8 Income from unconsolidated investments 8.3 12.1 31.0 2.8 Operating income (loss) 10.3 11.6 34.4 (6.6 ) Non-operating (expenses) income (39.2 ) (8.0 ) 54.7 65.2 Income (loss) before provision for income taxes (28.9 ) 3.6 89.1 58.6 (Provision for) benefit from income taxes 8.4 (6.6 ) (25.4 ) (8.8 ) Net income (loss) (20.5 ) (3.0 ) 63.7 49.8 Net (income) loss attributable to noncontrolling interests (8.2 ) 2.8 (25.3 ) (37.4 ) Preferred stock dividends and accretion of issuance costs (2.0 ) (2.0 ) (2.1 ) (2.0 ) Net (loss) income attributable to Kennedy-Wilson $ (30.7 ) $ (2.2 ) $ 36.3 $ 10.4 Basic (loss) earnings per share $ (0.35 ) $ (0.03 ) $ 0.39 $ 0.12 Diluted (loss) earnings per share $ (0.35 ) $ (0.03 ) $ 0.38 $ 0.12

BASIS OF PRESENTATION AND SUM50

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) shares in Millions	3 Months Ended		12 Months Ended			21 Months Ended
	Dec. 31, 2014USD ($)shares	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)VariableInterestEntitysubsidiaryloan_poolInvestmentProperty	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)loan_poolInvestmentPropertyshares
Variable Interest Entity [Line Items]
Number of unconsolidated investments | Investment			1			1
Purchase of additional shares			$ 68,400,000	$ 51,100,000
Assets	$ 6,332,100,000		7,640,100,000	6,332,100,000		$ 7,640,100,000
Negative fund performance that would cause reversal of performance fees			18,800,000
Accrued performance fees	$ 8,500,000		$ 18,000,000	8,500,000	$ 17,500,000	$ 18,000,000
Number of wholly-owned subsidiaries managing KWE | subsidiary			1
Performance fee percentage			20.00%
Performance fees			$ 43,700,000
Percentage of investments in foreign platforms			47.00%			47.00%
Fair value option, number of investments | Investment			9			9
Goodwill impairment loss			$ 0	0	0
Provision for doubtful accounts			$ 0	$ 0
Minimum [Member]
Variable Interest Entity [Line Items]
Percentage of hedged investment in KWE			50.00%			50.00%
Maximum [Member]
Variable Interest Entity [Line Items]
Percentage of hedged investment in KWE			100.00%			100.00%
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Variable interest entity, number of investments | VariableInterestEntity			1
Kennedy Wilson Europe Real Estate, Pllc [Member]
Variable Interest Entity [Line Items]
Proceeds from initial public offering		$ 1,700,000,000
Cash investment as part of initial public offering		145,200,000
Assets contributed as part of initial public offering		$ 58,300,000
Additional shares acquired (in shares) | shares	4.6					6.9
Purchase of additional shares	$ 75,000,000					$ 119,300,000
Ownership percentage by parent	14.90%		18.20%	14.90%		18.20%
Property management fee percentage			1.00%
Management fee payable			$ 23,300,000			$ 23,300,000
Annual return percentage			10.00%
Performance fee payable vesting period			3 years
Percentage of hedged investment in KWE			83.00%			83.00%
Properties, Loans and Servicing Platform in Europe [Member]
Variable Interest Entity [Line Items]
Number of real estate investment properties in Europe | Property			18			18
Number of loan pools | loan_pool			5			5
Number of loan pools fully resolved | loan_pool			4			4
Europe [Member] | Properties, Loans and Servicing Platform in Europe [Member]
Variable Interest Entity [Line Items]
Assets			$ 862,300,000			$ 862,300,000
Equity in consolidated investments			$ 274,200,000			$ 274,200,000
Europe [Member] | Properties, Loans and Servicing Platform in Europe [Member]
Variable Interest Entity [Line Items]
Ownership percentage by parent			62.00%			62.00%
Eliminations [Member]
Variable Interest Entity [Line Items]
Management fees revenue			$ 75,000,000	$ 21,600,000	$ 4,300,000

LOAN PURCHASES AND ORIGINATIO51

LOAN PURCHASES AND ORIGINATIONS - Additional Information (Details) ft² in Thousands, $ in Millions	3 Months Ended			12 Months Ended
	Jun. 30, 2015USD ($)	Sep. 30, 2014Loan	Mar. 31, 2014ft²a	Dec. 31, 2015USD ($)Loan	Dec. 31, 2014USD ($)ft²aLoanProperty	Dec. 31, 2013USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan purchases and originations				$ 299.7	$ 313.4
Loans acquired				$ 235.8	536.8	$ 61.7
Number of loans fully resolved | Loan				2
Proceeds from loans				$ 8.7
Number of related-party funds paid off | Loan		2
Loans and other income				19.5	$ 16.8	$ 1.6
Retail Acquired in California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Square footage of acquired office portfolio | ft²			133		133
Vacant Lot Acquired in California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acres in lot acquired by foreclosure | a			2.4		2.4
Kennedy Wilson Europe Real Estate, Pllc [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of properties securing loans | Property					13
Kennedy Wilson Europe Real Estate, Pllc [Member] | High Tech Properties in England [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan					5
Number of properties securing loans | Property					5
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Properties in England and Scotland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of properties securing loans | Property					20
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan purchases and originations				299.7	$ 313.4
Notes Receivable [Member] | Resort [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired				38.7
Notes Receivable [Member] | Vacant Lot Acquired in California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan balance of acquired receivable					30.4
Notes Receivable [Member] | Class A Office Building Acquired in Burbank, CA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross amount of acquired receivables					$ 5
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Residential Property [Member] | Nonperforming Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to resolve loan receivable	$ 108.4
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Retail Center in Cavan, Ireland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired				$ 11.7
Ownership interest conversion percentage				100.00%
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Office Building Acquired in Dublin, Ireland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ownership interest conversion percentage					100.00%
Gross amount of acquired receivables					$ 53
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Hotel Acquired in Ireland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ownership interest conversion percentage		100.00%
Gross amount of acquired receivables					152.4
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | High Tech Properties in England [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross amount of acquired receivables					156.3
Loan balance of acquired receivable					146.1
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Properties in England and Scotland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross amount of acquired receivables					62.2
Notes Receivable [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | Ireland Properties Acquired [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross amount of acquired receivables					97
Loan balance of acquired receivable					$ 92.4

REAL ESTATE AND ACQUIRED IN P52

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Investments in Consolidated Properties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]
Land	$ 1,471.5	$ 1,046.9
Buildings	3,905.5	2,945.1
Building improvements	247.2	75.1
Acquired in place lease values	421.8	282.6
Real estate investment, at cost	6,046	4,349.7
Less accumulated depreciation and amortization	(248.5)	(121.6)
Real estate and acquired in place lease values, net of depreciation and amortization	$ 5,797.5	4,228.1
Leases, Acquired-in-Place [Member]
Real Estate Properties [Line Items]
Weighted-average lease term	7 years 9 months 18 days
Building and Building Improvements [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Estimated useful life (not to exceed)	40 years
Buildings, Building Improvements and Acquired In-Place Lease Values [Member]
Real Estate Properties [Line Items]
Depreciation and amortization expense	$ 157.3	$ 100.1	$ 13.4

REAL ESTATE AND ACQUIRED IN P53

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Feb. 28, 2014
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		$ 499.3	$ 526.5
Building		973.9	1,678.6
Acquired in place lease values		163.2	232.3
Investment debt		584.3	612.9
Noncontrolling interests		849.5	1,400.6
KWH Shareholders' Equity		202.6	423.9
Acquisition-related gains		$ 108.1	$ 218.1	$ 56.6
Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Ownership percentage by parent		18.20%	14.90%
Interest contributed as part of initial public offering					50.00%
Commercial and Multifamily Acquired in Western U.S. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		$ 16.7
Building		56
Acquired in place lease values		1.5
Investment debt		55
Noncontrolling interests		0.5
KWH Shareholders' Equity		18.7
Commercial, Retail and Industrial Properties Acquired in United Kingdom [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		276.1
Building		421.7
Acquired in place lease values		76.6
Investment debt		529.3
Noncontrolling interests		205.7
KWH Shareholders' Equity		39.4
Commercial Portfolio Acquired in United Kingdom [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		104.4
Building		178.7
Acquired in place lease values		45.4
Investment debt		0
Noncontrolling interests		270.4
KWH Shareholders' Equity		58.1
Commercial Office Buildings Acquired in Dublin [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		3.9
Building		26.3
Acquired in place lease values		2.8
Investment debt		0
Noncontrolling interests		22.6
KWH Shareholders' Equity		10.4
Development Projects Acquired in Spain [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		0
Building		43.9
Acquired in place lease values		0
Investment debt		0
Noncontrolling interests		36.8
KWH Shareholders' Equity		7.1
Supermarkets and Shopping Center Acquired in Spain [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		50.7
Building		112.2
Acquired in place lease values		8.8
Investment debt		0
Noncontrolling interests		141
KWH Shareholders' Equity		30.7
Commercial Portfolio Acquired in Italy [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		47.5
Building		135.1
Acquired in place lease values		28.1
Investment debt		0
Noncontrolling interests		172.5
KWH Shareholders' Equity		38.2
Commercial Acquired in United Kingdom [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			$ 30
Building			63.4
Acquired in place lease values			24.4
Investment debt			0
Noncontrolling interests			58.9
KWH Shareholders' Equity			58.9
Hotel Acquired in Western United States [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			1.3
Building			8.3
Acquired in place lease values			0
Investment debt			0
Noncontrolling interests			2.7
KWH Shareholders' Equity			6.9
Multifamily Acquired in Ireland [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			0.6
Building			14.8
Acquired in place lease values			0.2
Investment debt			9.6
Noncontrolling interests			0
KWH Shareholders' Equity			6
Commercial Acquired in United Kingdom 2 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			58.5
Building			155.9
Acquired in place lease values			33.4
Investment debt			0
Noncontrolling interests			217.6
KWH Shareholders' Equity			30.2
Multifamily Acquired in Ireland 2 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			32.9
Building			81.5
Acquired in place lease values			1.2
Investment debt			78.9
Noncontrolling interests			0.1
KWH Shareholders' Equity			36.6
Commercial Acquired in Western U.S. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			2.4
Building			5.8
Acquired in place lease values			0.4
Investment debt			6
Noncontrolling interests			0.7
KWH Shareholders' Equity			1.9
Multifamily Acquired in Western U.S. 1 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			2.7
Building			24
Acquired in place lease values			0.3
Investment debt			13.3
Noncontrolling interests			0.4
KWH Shareholders' Equity			13.3
Multifamily Acquired in Ireland 3 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			4.8
Building			15
Acquired in place lease values			0.3
Investment debt			0
Noncontrolling interests			17.4
KWH Shareholders' Equity			2.7
Commercial Acquired in Ireland 2 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			104.5
Building			367
Acquired in place lease values			63
Investment debt			273.1
Noncontrolling interests			226.9
KWH Shareholders' Equity			34.5
Commercial Acquired in United Kingdom 3 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Recognized gain in excess of purchase price	$ 2.1
Commercial Acquired in United Kingdom 3 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			106.4
Building			351
Acquired in place lease values			77
Investment debt			0
Noncontrolling interests			463.9
KWH Shareholders' Equity			70.5
Recognized gain in excess of purchase price	$ 15.6		15.6
Multifamily Acquired in Western U.S. 2 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			38.3
Building			57.5
Acquired in place lease values			0.6
Investment debt			77.2
Noncontrolling interests			0.6
KWH Shareholders' Equity			18.6
Hotel Acquired in Ireland 2 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			6.8
Building			30.6
Acquired in place lease values			0
Investment debt			0
Noncontrolling interests			32.4
KWH Shareholders' Equity			5
Multifamily Acquired in Western U.S. 4 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			21.3
Building			106.2
Acquired in place lease values			1.3
Investment debt			86.7
Noncontrolling interests			0
KWH Shareholders' Equity			42.1
Hotel Acquired in United Kingdom 4 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			12.2
Building			37.3
Acquired in place lease values			0
Investment debt			0
Noncontrolling interests			42.9
KWH Shareholders' Equity			6.6
Multifamily Acquired in Western U.S. 5 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			2.1
Building			18.6
Acquired in place lease values			0.2
Investment debt			13.5
Noncontrolling interests			0
KWH Shareholders' Equity			7.4
Commercial Acquired in Ireland 3 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			7.2
Building			34.4
Acquired in place lease values			17
Investment debt			0
Noncontrolling interests			50.8
KWH Shareholders' Equity			7.8
Commercial Office Building Acquired in United Kingdom [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			85.3
Building			232
Acquired in place lease values			12
Investment debt			0
Noncontrolling interests			280.2
KWH Shareholders' Equity			49.1
Multifamily Acquired in Western U.S. 6 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			3.2
Building			28.6
Acquired in place lease values			0.5
Investment debt			17.3
Noncontrolling interests			0
KWH Shareholders' Equity			15
Multifamily Acquired in Western U.S. 7 [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			6
Building			40.3
Acquired in place lease values			0.5
Investment debt			37.3
Noncontrolling interests			0
KWH Shareholders' Equity			9.5
Residential Commercial to Multifamily Conversion Property Acquired in Spain [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land			0
Building			6.4
Acquired in place lease values			0
Investment debt			0
Noncontrolling interests			5.1
KWH Shareholders' Equity			$ 1.3
Real Estate Acquired in Spain and Italy [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Acquisition-related gains		$ 7.8

REAL ESTATE AND ACQUIRED IN P54

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Acquisitions, Additional Information (Details) ft² in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2013retail_center	Dec. 31, 2015ft²Propertyapartment_unitsupermarket_and_shopping_centerdevelopment_project	Dec. 31, 2014ft²Propertyapartment_unitpenthouse_unitgolf_courseroom	Dec. 31, 2013retail_centerapartment_unit
Commercial and Multifamily Acquired in Western U.S. [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired		208
Area of units acquired (in sq ft) | ft²		153
Hotel Acquired in Western United States [Member]
Real Estate Properties [Line Items]
Number of rooms acquired | room			193
Multifamily Acquired in Ireland [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			3
Number of apartment units acquired			24
Number of penthouse units acquired | penthouse_unit			2
Area of units acquired (in sq ft) | ft²			1
Commercial Acquired in Western U.S. [Member]
Real Estate Properties [Line Items]
Area of units acquired (in sq ft) | ft²		490	98
Multifamily Acquired in Western U.S. 1 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			203
Multifamily Acquired in Western U.S. 2 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			542
Multifamily Acquired in Western U.S. 4 [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			3
Number of apartment units acquired			1,212
Multifamily Acquired in Western U.S. 5 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			118
Commercial Office Building Acquired in United Kingdom [Member]
Real Estate Properties [Line Items]
Area of units acquired (in sq ft) | ft²			227
Multifamily Acquired in Western U.S. 6 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			324
Multifamily Acquired in Western U.S. 7 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			280
615 Unit Apartment Building [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired				615
Retail Properties, Western United States [Member]
Real Estate Properties [Line Items]
Number of retail centers acquired | retail_center	3			3
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial, Retail and Industrial Properties Acquired in United Kingdom [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property		176
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Portfolio Acquired in United Kingdom [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property		9
Kennedy Wilson Europe Real Estate, Pllc [Member] | Development Projects Acquired in Spain [Member]
Real Estate Properties [Line Items]
Number of development projects acquired | development_project		2
Kennedy Wilson Europe Real Estate, Pllc [Member] | Supermarkets and Shopping Center Acquired in Spain [Member]
Real Estate Properties [Line Items]
Number of supermarkets and shopping centers acquired | supermarket_and_shopping_center		16
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Portfolio Acquired in Italy [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property		9
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in United Kingdom [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			14
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in United Kingdom 2 [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			26
Kennedy Wilson Europe Real Estate, Pllc [Member] | Multifamily Acquired in Ireland 2 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			281
Area of units acquired (in sq ft) | ft²			725
Kennedy Wilson Europe Real Estate, Pllc [Member] | Multifamily Acquired in Ireland 3 [Member]
Real Estate Properties [Line Items]
Number of apartment units acquired			81
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in Ireland 2 [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			13
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in United Kingdom 3 [Member]
Real Estate Properties [Line Items]
Number of properties acquired | Property			21
Kennedy Wilson Europe Real Estate, Pllc [Member] | Hotel Acquired in Ireland 2 [Member]
Real Estate Properties [Line Items]
Number of rooms acquired | room			138
Kennedy Wilson Europe Real Estate, Pllc [Member] | Hotel Acquired in United Kingdom 4 [Member]
Real Estate Properties [Line Items]
Number of rooms acquired | room			209
Number of golf courses acquired | golf_course			2
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in Ireland 3 [Member]
Real Estate Properties [Line Items]
Area of units acquired (in sq ft) | ft²			130

REAL ESTATE AND ACQUIRED IN P55

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Assets and Liabilities Assumed and Acquisition-Related Gains Recognized (Details) ft² in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)ft²Unit	Dec. 31, 2014USD ($)ft²UnitProperty	Dec. 31, 2013USD ($)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash	$ 10.7	$ 39.4	$ 7.1
Real estate and acquired in-place lease values	518.3	1,269.9	245.6
Accounts receivable and other assets	3.3	28.7	18.9
Accounts payable, accrued expenses, and other liabilities	9.9	23.9	11.9
Investment debt	263.9	637.2	141.6
Noncontrolling interests	5.7	357	20.3
Acquisition related gain	83	170.3	56.6
Multifamily Properties Acquired in Western U.S. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash	2.9	0.9
Real estate and acquired in-place lease values	283.6	101.3
Accounts receivable and other assets	0.8	0.3
Accounts payable, accrued expenses, and other liabilities	3.9	0.9
Investment debt	166	63.2
Noncontrolling interests	0.7	3.7
Acquisition related gain	$ 45.1	$ 19.5
Number of units | Unit	1,468
Commercial Acquired in Western U.S. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash	$ 7.8
Real estate and acquired in-place lease values	234.7
Accounts receivable and other assets	2.5
Accounts payable, accrued expenses, and other liabilities	6
Investment debt	97.9
Noncontrolling interests	5
Acquisition related gain	$ 37.9
Area of units acquired (in sq ft) | ft²	490	98
Multifamily Acquired in Ireland [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash		$ 3.6
Real estate and acquired in-place lease values		248.5
Accounts receivable and other assets		0.9
Accounts payable, accrued expenses, and other liabilities		5.4
Investment debt		114.3
Noncontrolling interests		66.6
Acquisition related gain		$ 39.3
Area of units acquired (in sq ft) | ft²		1
Number of properties acquired | Property		3
Commercial Acquired in Ireland [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash		$ 4.3
Real estate and acquired in-place lease values		223.9
Accounts receivable and other assets		7.6
Accounts payable, accrued expenses, and other liabilities		4.9
Investment debt		75.2
Noncontrolling interests		77.9
Acquisition related gain		$ 33.5
Number of properties acquired | Property		2
Commercial and Loan Acquired in UK [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash		$ 9.6
Real estate and acquired in-place lease values		195
Accounts receivable and other assets		5.6
Accounts payable, accrued expenses, and other liabilities		8.1
Investment debt		100.8
Noncontrolling interests		62
Acquisition related gain		$ 11.3
Number of properties acquired | Property		2
Multifamily Acquired in Japan [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash		$ 21
Real estate and acquired in-place lease values		501.2
Accounts receivable and other assets		14.3
Accounts payable, accrued expenses, and other liabilities		4.6
Investment debt		283.7
Noncontrolling interests		146.8
Acquisition related gain		$ 66.7
Number of properties acquired | Property		50
615 Unit Apartment Complex in Northern CA [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash			1.3
Real estate and acquired in-place lease values			120.1
Accounts receivable and other assets			2.3
Accounts payable, accrued expenses, and other liabilities			3.2
Investment debt			93.5
Noncontrolling interests			1.8
Acquisition related gain			9.5
Number of units | Unit		750
Retail Properties, Western United States [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash			1.4
Real estate and acquired in-place lease values			20.4
Accounts receivable and other assets			9.2
Accounts payable, accrued expenses, and other liabilities			0.7
Investment debt			20.1
Noncontrolling interests			0.5
Acquisition related gain			2
Ritz-Carlton, Lake Tahoe [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Cash			4.4
Real estate and acquired in-place lease values			105.1
Accounts receivable and other assets			7.4
Accounts payable, accrued expenses, and other liabilities			8
Investment debt			28
Noncontrolling interests			18
Acquisition related gain			$ 45.1
Noncontrolling Interest [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Acquisition related gain	$ 2.3	$ 65.2

REAL ESTATE AND ACQUIRED IN P56

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Consolidated of Previously Unconsolidated Investments, Narrative (Details) $ in Thousands	Mar. 31, 2014partnerJointVenture	Dec. 31, 2014USD ($)apartment_unit	Sep. 30, 2013retail_center	Mar. 31, 2013USD ($)apartment_unit	Dec. 31, 2014USD ($)	Dec. 31, 2013retail_center	Dec. 31, 2015USD ($)	Jun. 30, 2014ApartmentBuildlingapartment_unit
Real Estate Properties [Line Items]
Joint venture, number of partners | partner	1
Number of joint ventures | JointVenture	6
Equity method investment, ownership percentage		25.00%			25.00%
Investments in joint ventures | $		$ 365,800			$ 365,800		$ 219,900
Real Estate Investments in United Kingdom and Ireland [Member]
Real Estate Properties [Line Items]
Equity method investment, ownership percentage	50.00%
KW Residential LLC [Member]
Real Estate Properties [Line Items]
Equity method investment, ownership percentage								41.00%
Number of real estate properties | ApartmentBuildling								50
Number of units in portfolio | apartment_unit								2,400
750 Unit Multifamily Property in Western US [Member]
Real Estate Properties [Line Items]
Equity method investment, ownership percentage		42.00%			42.00%
Number of apartment units acquired | apartment_unit		750
Cumulative percentage of ownership after all transactions		87.00%			87.00%
615 Unit Apartment Complex in Northern CA [Member]
Real Estate Properties [Line Items]
Equity method investment, ownership percentage				15.00%
Number of apartment units acquired | apartment_unit				615
Cumulative percentage of ownership after all transactions				94.00%
Investments in joint ventures | $				$ 0
Acquisition of noncontrolling interest, cash paid | $				$ 15,700
Retail Properties, Western United States [Member]
Real Estate Properties [Line Items]
Number of retail centers acquired | retail_center			3			3

REAL ESTATE AND ACQUIRED IN P57

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Loans Converted to Real Estate and Gains on Real Estate (Details) ft² in Thousands, $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2014USD ($)	Mar. 31, 2014ft²a	Dec. 31, 2015USD ($)LoanOfficeBuilding	Dec. 31, 2014USD ($)ft²a
Multifamily Properties [Member] | JAPAN
Real Estate Properties [Line Items]
Gain on sale of real estate properties			$ 33.5
Commercial Acquired in Ireland [Member]
Real Estate Properties [Line Items]
Number of properties foreclosed upon | OfficeBuilding			3
Recognized gain in excess of purchase price			$ 15.9
Retail Acquired in California [Member]
Real Estate Properties [Line Items]
Square footage of acquired office portfolio | ft²		133		133
Vacant Lot Acquired in California [Member]
Real Estate Properties [Line Items]
Acres in lot acquired by foreclosure | a		2.4		2.4
Retail Center and Vacant Land Acquired in California [Member]
Real Estate Properties [Line Items]
Recognized gain in excess of purchase price				$ 3.7
Hotel Acquired in California [Member]
Real Estate Properties [Line Items]
Recognized gain in excess of purchase price				28.6
Commercial Acquired in United Kingdom 3 [Member]
Real Estate Properties [Line Items]
Recognized gain in excess of purchase price	$ 2.1
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial [Member]
Real Estate Properties [Line Items]
Gain on sale of real estate properties			$ 38.9
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in Ireland [Member]
Real Estate Properties [Line Items]
Number of properties foreclosed upon | OfficeBuilding			3
Number of loans on property foreclosed upon | Loan			2
Kennedy Wilson Europe Real Estate, Pllc [Member] | Commercial Acquired in United Kingdom 3 [Member]
Real Estate Properties [Line Items]
Recognized gain in excess of purchase price	$ 15.6			$ 15.6

REAL ESTATE AND ACQUIRED IN P58

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real Estate [Abstract]
Pro forma revenues	$ 672.8	$ 572.1
Pro forma income from unconsolidated subsidiaries	96.9	55
Pro forma net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 77.1	$ 31.5
Pro forma net loss per share:
Basic (in dollars per share)	$ 0.75	$ 0.35
Diluted (in dollars per share)	$ 0.70	$ 0.34

UNCONSOLIDATED INVESTMENTS - In

UNCONSOLIDATED INVESTMENTS - Investments in Joint Ventures and Loan Pool Participants (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Investments in joint ventures	$ 443.6	$ 435.8
Investments in loan pool participations	1.3	56.4
Total Investments in joint ventures	$ 444.9	$ 492.2
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		25.00%
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	5.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%

UNCONSOLIDATED INVESTMENTS - Sc

UNCONSOLIDATED INVESTMENTS - Schedule of Joint Ventures by Type and Location (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 443.6	$ 435.8
Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	401.7	375.4
Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	5.8
United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	23.3	31.5
Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	12.8	28.9
Multifamily Properties [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 150.6	134.5
Number of real estate properties sold | Property	7
Number of properties consolidated | Property	2
Multifamily Properties [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 144.8	134.5
Multifamily Properties [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	5.8
Multifamily Properties [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Multifamily Properties [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 74.7	141.8
Number of real estate properties sold | Property	5
Number of properties consolidated | Property	3
Commercial [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 51.4	110.3
Commercial [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
Commercial [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	23.3	31.5
Commercial [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Loans [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	12.2	50.3
Loans [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	12.2	50.3
Loans [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
Loans [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Loans [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Residential and Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	180.1	71
Residential and Hotel [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	180.1	71
Residential and Hotel [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
Residential and Hotel [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Residential and Hotel [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Other Investments [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	26	38.2
Other Investments [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	13.2	9.3
Other Investments [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
Other Investments [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Other Investments [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 12.8	$ 28.9

UNCONSOLIDATED INVESTMENTS - Vi

UNCONSOLIDATED INVESTMENTS - Vintage Housing Holdings (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)limited_partnership	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			25.00%
Contributions to joint ventures		$ 184.3	$ 167.7	$ 357.6
Fair value gain from unconsolidated investments		34.9
Operating distributions from unconsolidated investments		78.8
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	61.00%
Contributions to joint ventures	$ 78.7
Number of syndicated limited partnerships | limited_partnership	30
Fair value gain from unconsolidated investments		14
Operating distributions from unconsolidated investments		$ 7.3
Vintage Housing Holdings [Member] | Non-Affiliated Entity [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	39.00%

UNCONSOLIDATED INVESTMENTS - Lo

UNCONSOLIDATED INVESTMENTS - Loan Pool Participations and Income from Unconsolidated Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investments in loan pool participations	$ 1.3	$ 56.4
Equity in joint venture income	93.1	$ 44.7	$ 29.8
Schedule of Equity Method Investments [Line Items]
Fair value gain from unconsolidated investments	34.9
Equity method investment, ownership percentage		25.00%
Equity method investment, realized gain (loss) on disposal		$ 26.6
Interest income recognized	4.6	9.5	11.9
Foreign currency translation (loss) gain	(1.1)	(4.7)	(2.2)
Total interest income and foreign currency gain (loss)	3.5	4.8	9.7
United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of investment in pool loan portfolio			66.2
Asset management fees			$ 23.2
Foreign currency translation (loss) gain		$ (2.8)
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Fair value gain from unconsolidated investments	$ 14
Equity method investment, ownership percentage				61.00%

UNCONSOLIDATED INVESTMENTS - No

UNCONSOLIDATED INVESTMENTS - Note Conversion to Real Estate (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)anote
Schedule of Equity Method Investments [Line Items]
Total Joint Venture Acquisition Related Gain	$ 83	$ 170.3	$ 56.6
The Company's Portion of Total Gain	108.1	$ 218.1	$ 56.6
3 Mortgage Notes Converted Into Real Estate Owned [Member]
Schedule of Equity Method Investments [Line Items]
Number of mortgage notes converted into real estate owned | note			3
Total Joint Venture Acquisition Related Gain	72.5
The Company's Portion of Total Gain	36.2
3 Mortgage Notes Converted Into Real Estate Owned [Member] | Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Area of units acquired (in acres) | a			3.5
Total Joint Venture Acquisition Related Gain	30.1
The Company's Portion of Total Gain	15
3 Mortgage Notes Converted Into Real Estate Owned [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Total Joint Venture Acquisition Related Gain	32.3
The Company's Portion of Total Gain	16.2
3 Mortgage Notes Converted Into Real Estate Owned [Member] | Scotland [Member]
Schedule of Equity Method Investments [Line Items]
Total Joint Venture Acquisition Related Gain	10.1
The Company's Portion of Total Gain	$ 5

UNCONSOLIDATED INVESTMENTS - Ch

UNCONSOLIDATED INVESTMENTS - Changes in Control and Schedule of New Joint Ventures (Details) ft² in Thousands, $ in Millions	Mar. 31, 2014Investment	Dec. 31, 2015USD ($)ft²UnitProperty	Dec. 31, 2014USD ($)ft²Property	Dec. 31, 2013USD ($)Property	Sep. 30, 2013retail_center
Schedule of Equity Method Investments [Line Items]
Number of previous equity method investments now consolidated | Investment	6
Contributions to new and existing joint venture investments		$ 184.3	$ 142.6	$ 322.7
No. of Properties | Property		87	19	67
Initial Contribution		$ 99.2	$ 80.2	$ 265.5
Payments to acquired existing investments		$ 85.1	$ 62.4	$ 57.2
Commercial [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		1	0	4
Initial Contribution		$ 9.1	$ 0	$ 30.3
Commercial [Member] | United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		0	14	42
Initial Contribution		$ 0	$ 57.2	$ 92.2
Commercial [Member] | Ireland [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		0	0	14
Initial Contribution		$ 0	$ 0	$ 38.7
Multifamily Properties [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		31	2	2
Initial Contribution		$ 80.5	$ 4.7	$ 9.1
Multifamily Properties [Member] | Ireland [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		0	0	1
Initial Contribution		$ 0	$ 0	$ 58
Residential Real Estate [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		4	3	3
Initial Contribution		$ 1.4	$ 18.3	$ 10
Residential Real Estate [Member] | Japan [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		50	0	0
Initial Contribution		$ 6.2	$ 0	$ 0
Other Investments [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		1	0	0
Initial Contribution		$ 2	$ 0	$ 0
Other Investments [Member] | Spain [Member]
Schedule of Equity Method Investments [Line Items]
No. of Properties | Property		0	0	1
Initial Contribution		$ 0	$ 0	$ 27.2
Joint Ventures, Own Retail Properties [Member]
Schedule of Equity Method Investments [Line Items]
Number of investments greater than 50% owned without significant influence | retail_center					3
Multifamily Properties Acquired in Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Units acquired | Unit		1,468
Commercial Acquired in Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Area of units acquired (in sq ft) | ft²		490	98

UNCONSOLIDATED INVESTMENTS - Ca

UNCONSOLIDATED INVESTMENTS - Cash Distributions by Investment Type and Location (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	$ 78.8
Investing distributions from unconsolidated investments	180
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	36.6
Investing distributions from unconsolidated investments	70.3
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	20
Investing distributions from unconsolidated investments	37.2
Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	8.2
Investing distributions from unconsolidated investments	50.2
Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	14
Investing distributions from unconsolidated investments	22.3
Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	67.9
Investing distributions from unconsolidated investments	114
Western United States [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	36.2
Investing distributions from unconsolidated investments	69.9
Western United States [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	18.8
Investing distributions from unconsolidated investments	$ 35.4
Western United States [Member] | Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments
Investing distributions from unconsolidated investments	$ 2.3
Western United States [Member] | Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	12.9
Investing distributions from unconsolidated investments	6.4
Japan [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0.4
Investing distributions from unconsolidated investments	0.4
Japan [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0.4
Investing distributions from unconsolidated investments	0.4
Japan [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	$ 0
Japan [Member] | Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments
Investing distributions from unconsolidated investments
Japan [Member] | Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	$ 0
Investing distributions from unconsolidated investments	0
United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	7.7
Investing distributions from unconsolidated investments	43.3
United Kingdom [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
United Kingdom [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	1.2
Investing distributions from unconsolidated investments	1.8
United Kingdom [Member] | Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	6.5
Investing distributions from unconsolidated investments	41.5
United Kingdom [Member] | Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	1.7
Investing distributions from unconsolidated investments	6.4
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
Ireland [Member] | Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	1.7
Investing distributions from unconsolidated investments	6.4
Ireland [Member] | Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
Spain [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	1.1
Investing distributions from unconsolidated investments	15.9
Spain [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	0
Spain [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	0
Investing distributions from unconsolidated investments	$ 0
Spain [Member] | Loans [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments
Investing distributions from unconsolidated investments
Spain [Member] | Residential, Hotel and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating distributions from unconsolidated investments	$ 1.1
Investing distributions from unconsolidated investments	$ 15.9

UNCONSOLIDATED INVESTMENTS - 66

UNCONSOLIDATED INVESTMENTS - Capital Commitments and Guarantees (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)JointVenture	Dec. 31, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Unfulfilled capital commitments	$ 39.8	$ 33.1
Number with unfulfilled capital commitments | JointVenture	5
Performance Guarantee [Member] | Loans Payable [Member]
Schedule of Equity Method Investments [Line Items]
Guarantees, maximum exposure	$ 61.7
Guarantor obligations, maximum exposure, percentage of property level debt	1.00%

UNCONSOLIDATED INVESTMENTS - Ba

UNCONSOLIDATED INVESTMENTS - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and restricted cash	$ 89.5	$ 76.7
Real estate	3,290.2	3,161.1
Other	141.5	106.2
Total assets	3,521.2	3,344
Liabilities
Debt	2,151.4	1,900
Other	135	93.1
Total liabilities	2,286.4	1,993.1
Partners’ capital
Kennedy Wilson - investments in joint ventures	219.9	365.8
Other partners	1,014.9	985.1
Total partners' capital-investments in joint ventures	1,234.8	1,350.9
Total liabilities and partners’ capital	3,521.2	3,344
Greater than 20% [Member]
Assets
Cash and restricted cash	33.8	43.7
Real estate	432.5	770.9
Other	33.5	56.9
Total assets	499.8	871.5
Liabilities
Debt	202.7	376.8
Other	37.3	44.8
Total liabilities	240	421.6
Partners’ capital
Kennedy Wilson - investments in joint ventures	25.7	84.8
Other partners	234.1	365.1
Total partners' capital-investments in joint ventures	259.8	449.9
Total liabilities and partners’ capital	499.8	871.5
Other [Member]
Assets
Cash and restricted cash	55.7	33
Real estate	2,857.7	2,390.2
Other	108	49.3
Total assets	3,021.4	2,472.5
Liabilities
Debt	1,948.7	1,523.2
Other	97.7	48.3
Total liabilities	2,046.4	1,571.5
Partners’ capital
Kennedy Wilson - investments in joint ventures	194.2	281
Other partners	780.8	620
Total partners' capital-investments in joint ventures	975	901
Total liabilities and partners’ capital	$ 3,021.4	$ 2,472.5

UNCONSOLIDATED INVESTMENTS - To

UNCONSOLIDATED INVESTMENTS - Total Investments (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity method	$ 219.9	$ 365.8
Fair value election investments	210.6	60.7
Total equity method	430.5	426.5
Cost method	13.1	9.3
Total Investments in joint ventures	443.6	435.8
Greater than 20% [Member]
Schedule of Equity Method Investments [Line Items]
Equity method	25.7	84.8
Fair value election investments	0	0
Total equity method	25.7	84.8
Cost method		0
Total Investments in joint ventures	25.7	84.8
Other [Member]
Schedule of Equity Method Investments [Line Items]
Equity method	194.2	281
Fair value election investments	210.6	60.7
Total equity method	404.8	341.7
Cost method	13.1	9.3
Total Investments in joint ventures	$ 417.9	$ 351

UNCONSOLIDATED INVESTMENTS - Eq

UNCONSOLIDATED INVESTMENTS - Equity in Joint Venture income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]
Net income allocation	$ 53.3	$ 15.9	$ 17	$ 11.2	$ 8.3	$ 12.1	$ 31	$ 2.8	$ 58.1	$ 46.5	$ 28.8
Unrealized gain on fair value option and fair value investments									35	(1.8)	1
Total equity in joint venture income									93.1	44.7	29.8
Participation income allocation									$ 0.1	$ 2.1	$ 8.7

UNCONSOLIDATED INVESTMENTS - 70

UNCONSOLIDATED INVESTMENTS - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Revenues									$ 501.5	$ 924.6	$ 657.1
Depreciation									96.1	112.3	116
Interest									86.3	102	129.1
Other expenses									113.3	635.7	355.3
Total expenses									295.7	850	600.4
Net income (loss)									205.8	74.6	56.7
Net income allocation	$ 53.3	$ 15.9	$ 17	$ 11.2	$ 8.3	$ 12.1	$ 31	$ 2.8	58.1	46.5	28.8
Kennedy Wilson - investments in loan pool participation									0.1	2.1	8.7
Other partners - investments in joint ventures									147.7	11.3	6.6
Other partners - investments in loan pool participation									(0.1)	14.7	12.6
Greater than 20% [Member]
Schedule of Equity Method Investments [Line Items]
Revenues									110	385.1	229.6
Depreciation									25.6	52.1	58.1
Interest									12.8	22.2	42.3
Other expenses									42.4	254.9	83.6
Total expenses									80.8	329.2	184
Net income (loss)									29.2	55.9	45.6
Net income allocation									(3)	5	28.6
Kennedy Wilson - investments in loan pool participation									0.1	2.1	8.7
Other partners - investments in joint ventures									32.2	34.1	(4.3)
Other partners - investments in loan pool participation									(0.1)	14.7	12.6
Other [Member]
Schedule of Equity Method Investments [Line Items]
Revenues									391.5	539.5	427.5
Depreciation									70.5	60.2	57.9
Interest									73.5	79.8	86.8
Other expenses									70.9	380.8	271.7
Total expenses									214.9	520.8	416.4
Net income (loss)									176.6	18.7	11.1
Net income allocation									61.1	41.5	0.2
Kennedy Wilson - investments in loan pool participation									0	0	0
Other partners - investments in joint ventures									115.5	(22.8)	10.9
Other partners - investments in loan pool participation									$ 0	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND T71

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Fair Value Measurements (Details) £ in Millions, shares in Millions, $ in Millions	Dec. 31, 2015USD ($)shares	Dec. 31, 2015GBP (£)shares	Dec. 31, 2014USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 212.8		$ 85.9
KWE [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Shares in KWE | shares	24.7	24.7
Investment in KWE, fair value	$ 440
Investment in KWE, cost basis	$ 413.2
Investments in KWE, carrying amount | £		£ 245.9
Percentage of hedged investment in KWE	83.00%	83.00%
Currency Forward Contract and Currency Option Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount | £		£ 203.2
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 212.8		85.9
Marketable securities	5.3		6.5
Assets (liabilities), fair value disclosure	229.8		123
Recurring [Member] | Currency forward contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	12.5		23.9
Recurring [Member] | Currency option contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	(0.8)		6.7
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0		0
Marketable securities	5.3		6.5
Assets (liabilities), fair value disclosure	5.3		6.5
Recurring [Member] | Level 1 [Member] | Currency forward contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	0		0
Recurring [Member] | Level 1 [Member] | Currency option contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	0		0
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0		0
Marketable securities	0		0
Assets (liabilities), fair value disclosure	11.7		30.6
Recurring [Member] | Level 2 [Member] | Currency forward contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	12.5		23.9
Recurring [Member] | Level 2 [Member] | Currency option contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	(0.8)		6.7
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	212.8		85.9
Marketable securities	0		0
Assets (liabilities), fair value disclosure	212.8		85.9
Recurring [Member] | Level 3 [Member] | Currency forward contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	0		0
Recurring [Member] | Level 3 [Member] | Currency option contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract	$ 0		$ 0

FAIR VALUE MEASUREMENTS AND T72

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Unconsolidated Investments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)Investment	Dec. 31, 2014USD ($)
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Funds	$ 30.6	$ 24.9
Total	212.8	85.9
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
FV Option	182.2	61
Recurring [Member] | Level 3 [Member] | Real Estate Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
The funds, unfunded capital commitments	38.1
Funds	$ 30.6	$ 24.9
Funds [Member] | Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Number of unconsolidated investments | Investment	9

FAIR VALUE MEASUREMENTS AND T73

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Changes in Level 3 Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in unrealized gain (losses) on level 3 investments	$ 32	$ (2)
Equity Method Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	85.9	81.1	$ 68.4
Unrealized and realized gains	42.3	1.8	5.3
Unrealized and realized losses	(0.1)	(2.5)	(0.3)
Contributions	125.5	20	10.8
Distributions	(39.9)	(10.5)	(3.1)
Other	(0.9)	(4)	0
Ending Balance	$ 212.8	$ 85.9	$ 81.1

FAIR VALUE MEASUREMENTS AND T74

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of the Funds and Fair Value Option Investments, Significant Inputs (Details)	12 Months Ended
	Dec. 31, 2015
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Credit spreads	1.40%
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Credit spreads	3.85%
Level 3 [Member] | Office [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	4.50%
Discount Rates	5.50%
Level 3 [Member] | Office [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	9.00%
Discount Rates	11.50%
Level 3 [Member] | Retail [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	6.20%
Discount Rates	8.25%
Level 3 [Member] | Retail [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	9.00%
Discount Rates	14.00%
Level 3 [Member] | Multifamily Properties [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	5.25%
Discount Rates	7.75%
Level 3 [Member] | Multifamily Properties [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rates	7.75%
Discount Rates	9.75%
Level 3 [Member] | Loan [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rates	20.00%
Level 3 [Member] | Land and condominium units [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rates	8.00%
Level 3 [Member] | Land and condominium units [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rates	15.00%

FAIR VALUE MEASUREMENTS AND T75

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Currency Foward Contracts (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015GBP (£)	Dec. 31, 2015JPY (¥)	Dec. 31, 2015EUR (€)	Dec. 31, 2014GBP (£)	Dec. 31, 2014JPY (¥)	Dec. 31, 2014EUR (€)
Derivative [Line Items]
Gain (loss) on fair value hedges recognized in earnings	$ (6.9)	$ 1.4
Gain (Loss) on Derivative Instruments [Member]
Derivative [Line Items]
Gain (loss) on derivative contracts settled	3.2
Other Comprehensive Income (Loss) [Member]
Derivative [Line Items]
Unrealized gains recognized through OCI on derivative contracts settled during the period	13.4
Japanese Multifamily Portfolio and Resolutions of European Loan Pool Investments [Member] | Gain (Loss) on Derivative Instruments [Member]
Derivative [Line Items]
Gain (loss) on derivative contracts settled	15.1
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Fair Value Assets	11.7	30.6
Designated as Hedging Instrument [Member] | Other Comprehensive Income (Loss) [Member]
Derivative [Line Items]
Change in Unrealized Gains (Losses)	0.6	32.9
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/10/2015-3/19/2015 [Member] | EUR [Member] | KWR [Member]
Derivative [Line Items]
Notional Amount | €					€ 130,000,000
Fair Value Assets	(0.5)
Change in Unrealized Gains (Losses)	$ (0.5)
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/10/2015-3/19/2015 [Member] | EUR [Member] | KWR [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.0700		1.0700	1.0700	1.0700
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/10/2015-3/19/2015 [Member] | EUR [Member] | KWR [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.0960		1.0960	1.0960	1.0960
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/25/2014-8/10/2015 [Member] | GBP [Member]
Derivative [Line Items]
Notional Amount | £			£ 103,000,000
Fair Value Assets	$ 13.2
Change in Unrealized Gains (Losses)	$ 9.3
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/25/2014-8/10/2015 [Member] | GBP [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.5578		1.5578	1.5578	1.5578
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/25/2014-8/10/2015 [Member] | GBP [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.6371		1.6371	1.6371	1.6371
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 1/7/2015-8/17/2015 [Member] | GBP [Member]
Derivative [Line Items]
Notional Amount | £			£ 100,200,000
Fair Value Assets	$ 3.1
Change in Unrealized Gains (Losses)	$ 1.9
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 1/7/2015-8/17/2015 [Member] | GBP [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.4235		1.4235	1.4235	1.4235
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 1/7/2015-8/17/2015 [Member] | GBP [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	1.5434		1.5434	1.5434	1.5434
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-6/29/2015 [Member] | EUR [Member] | KWE [Member]
Derivative [Line Items]
Notional Amount | €					€ 345,800,000
Fair Value Assets	$ (0.6)
Change in Unrealized Gains (Losses)	$ (6.6)
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-6/29/2015 [Member] | EUR [Member] | KWE [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	0.7110		0.7110	0.7110	0.7110
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-6/29/2015 [Member] | EUR [Member] | KWE [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	0.8621		0.8621	0.8621	0.8621
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/13/2015-6/3/2015 [Member] | EUR [Member] | KWE [Member]
Derivative [Line Items]
Notional Amount | €					€ 175,000,000
Fair Value Assets	$ (3.4)
Change in Unrealized Gains (Losses)	$ (3.4)
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/13/2015-6/3/2015 [Member] | EUR [Member] | KWE [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	0.7070		0.7070	0.7070	0.7070
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 3/13/2015-6/3/2015 [Member] | EUR [Member] | KWE [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	0.8115		0.8115	0.8115	0.8115
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/23/2015-8/21/2015 [Member] | YEN [Member] | KWR [Member]
Derivative [Line Items]
Notional Amount | ¥				¥ 649,000,000
Fair Value Assets	$ (0.1)
Change in Unrealized Gains (Losses)	$ (0.1)
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/23/2015-8/21/2015 [Member] | YEN [Member] | KWR [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	111.2600		111.2600	111.2600	111.2600
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/23/2015-8/21/2015 [Member] | YEN [Member] | KWR [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price	121.5100		121.5100	121.5100	121.5100
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 5/31/2012-6/25/2014 [Member] | EUR [Member]
Derivative [Line Items]
Notional Amount | €								€ 93,500,000
Fair Value Assets		8.7
Change in Unrealized Gains (Losses)		$ 14.1
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 5/31/2012-6/25/2014 [Member] | EUR [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		1.2400				1.2400	1.2400	1.2400
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 5/31/2012-6/25/2014 [Member] | EUR [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		1.4471				1.4471	1.4471	1.4471
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/13/2014-10/9/2014 [Member] | GBP [Member]
Derivative [Line Items]
Notional Amount | £						£ 118,000,000
Fair Value Assets		$ 5.8
Change in Unrealized Gains (Losses)		$ 5.8
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/13/2014-10/9/2014 [Member] | GBP [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		1.5943				1.5943	1.5943	1.5943
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 2/13/2014-10/9/2014 [Member] | GBP [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		1.6491				1.6491	1.6491	1.6491
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-11/10/2014 [Member] | EUR [Member] | KWE [Member]
Derivative [Line Items]
Notional Amount | €								€ 196,000,000
Fair Value Assets		$ 9.4
Change in Unrealized Gains (Losses)		$ 10
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-11/10/2014 [Member] | EUR [Member] | KWE [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		0.7905				0.7905	0.7905	0.7905
Designated as Hedging Instrument [Member] | Foreign Exchange Forward, Trade Date 6/18/2014-11/10/2014 [Member] | EUR [Member] | KWE [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		0.8621				0.8621	0.8621	0.8621
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 9/18/2014-12/11/2014 [Member] | YEN [Member] | KWR [Member]
Derivative [Line Items]
Notional Amount | ¥							¥ 42,996,000,000
Fair Value Assets		$ 6.7
Change in Unrealized Gains (Losses)		$ 3
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 9/18/2014-12/11/2014 [Member] | YEN [Member] | KWR [Member] | Minimum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		110.62				110.62	110.62	110.62
Designated as Hedging Instrument [Member] | Foreign Exchange Option, Trade Date 9/18/2014-12/11/2014 [Member] | YEN [Member] | KWR [Member] | Maximum [Member]
Derivative [Line Items]
Forward Rate/Strike Price		135				135	135	135

FAIR VALUE MEASUREMENTS AND T76

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Fair Value of Financial Instruments (Details) - USD ($) $ in Billions	Dec. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Long-term debt, fair value	$ 4.3	$ 3
Long-term debt	$ 4.4	$ 3

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Assets [Abstract]
Loan fees, net of accumulated amortization of $13.6 million and $5.0 million at December 31, 2015 and 2014, respectively	$ 48.4	$ 36
Other, net of accumulated amortization of $3.0 million and $1.8 million at December 31, 2015 and 2014, respectively	36.5	25.8
Hedge assets	30.9	30.6
Goodwill	23.9	23.9
Deferred tax asset, net	22.2	27.6
Prepaid expenses	10.1	11.2
Marketable securities	4.3	6.5
Deposits	4.2	49.9
Other assets	311.7	305.1
Accumulated amortization, loan fees	13.6	5
Accumulated amortization, other	3	1.8
Accumulated depreciation, real estate investment property	248.5	121.6
Investments in KWE	0	0
Depreciation and amortization expense	$ 31	11.3	$ 4
Kennedy Wilson Europe Real Estate, Pllc [Member]
Other Assets [Abstract]
Shares in KWE (in shares)	24.7
Marketable securities [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Other Assets [Abstract]
Investments in KWE	$ 440
Office furniture and equipment [Member]
Other Assets [Abstract]
Office furniture and equipment net of accumulated depreciation of $14.0 million and $5.7 million at December 31, 2015 and December 31, 2014, respectively	27.9	22
Accumulated depreciation, real estate investment property	14	5.7
Above market Leases [Member]
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $19.6 million and $6.7 million at December 31, 2015 and 2014	103.3	71.6
Accumulated amortization, above-market leases	$ 19.6	$ 6.7

INVESTMENT DEBT - Mortgage Loan

INVESTMENT DEBT - Mortgage Loans (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 4,400	$ 3,000
Debt unamortized discount	(5.4)
Debt unamortized premium		15.4
Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Debt unamortized discount	$ (13.6)
Debt unamortized premium		$ 0
Ownership percentage by parent	18.20%	14.90%
Investment Debt [Member]
Debt Instrument [Line Items]
Long-term debt	$ 3,658.2	$ 2,195.9
Investment Debt [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	2,102.2	861.7
Secured Investment Debt [Member]
Debt Instrument [Line Items]
Long-term debt	2,795.5	2,195.9
Secured Investment Debt [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	1,239.5	861.7
Secured Investment Debt [Member] | Mortgage Loans Secured by Multi-Family Properties [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Long-term debt	835.2	565.5
Secured Investment Debt [Member] | Mortgage Loans Secured by Multi-Family Properties [Member] | Japan [Member]
Debt Instrument [Line Items]
Long-term debt	0	242.9
Secured Investment Debt [Member] | Mortgage Loans Secured by Multi-Family Properties [Member] | Ireland [Member]
Debt Instrument [Line Items]
Long-term debt	187.1	133.6
Secured Investment Debt [Member] | Mortgage Loans Secured by Multi-Family Properties [Member] | Ireland [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	51.5	40.3
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Long-term debt	286.4	131
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | Japan [Member]
Debt Instrument [Line Items]
Long-term debt	2	2.1
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | Ireland [Member]
Debt Instrument [Line Items]
Long-term debt	380.3	412.5
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | Ireland [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	286.7	323.8
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Long-term debt	976.2	569.2
Secured Investment Debt [Member] | Mortgage Loans Secured by Commercial Buildings [Member] | United Kingdom [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	897.9	483
Secured Investment Debt [Member] | Mortgage Loans Secured by Residential, Hotel and Other [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Long-term debt	39.4	37.2
Secured Investment Debt [Member] | Mortgage Loans Secured by Residential and Other [Member] | Ireland [Member]
Debt Instrument [Line Items]
Long-term debt	7.3	29
Secured Investment Debt [Member] | Mortgage Loans Secured by Residential and Other [Member] | Ireland [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	0	14.6
Secured Investment Debt [Member] | Mortgage Loans Secured by Residential and Other [Member] | Spain [Member]
Debt Instrument [Line Items]
Long-term debt	3.4	0
Secured Investment Debt [Member] | Mortgage Loans Secured by Residential and Other [Member] | Spain [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	3.4	0
Secured Investment Debt [Member] | Mortgage Loans Secured by Hotel [Member] | Ireland [Member]
Debt Instrument [Line Items]
Long-term debt	78.2	72.9
Unsecured Investment Debt [Member] | Mortgage Loans, Unsecured [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Long-term debt	862.7	0
Unsecured Investment Debt [Member] | Mortgage Loans, Unsecured [Member] | United Kingdom [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Debt Instrument [Line Items]
Long-term debt	$ 862.7	$ 0

INVESTMENT DEBT - Additional In

INVESTMENT DEBT - Additional Information (Details) € in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Aug. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015USD ($)LoanInvestmentPropertyacquisition	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015GBP (£)	Jun. 30, 2015USD ($)	Jun. 30, 2015GBP (£)	Aug. 31, 2014GBP (£)
Debt Instrument [Line Items]
Long-term debt		$ 4,400,000,000		$ 4,400,000,000	$ 3,000,000,000
Borrowings under lines of credit				95,000,000	215,000,000	$ 125,000,000
Repayments of lines of credit				$ 220,000,000	$ 90,000,000	$ 125,000,000
Number of mortgage loans consolidated | Loan				4
Number of acquisitions partially financed with mortgages | acquisition				5
Number of existing mortgages refinanced | Investment				11
Number of properties that acquired supplemental financing | Property				4
Number of investments partially financed with mortgages | Investment				2
Secured Investment Debt [Member]
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt		3.19%		3.19%	3.03%		3.19%
Percent of property level debt with fixed rate		67.00%		67.00%	43.00%		67.00%
Percent of property level debt with floating rate and interest caps		17.00%		17.00%	38.00%		17.00%
Percent of property level debt with floating rate, without interest caps		16.00%		16.00%	19.00%		16.00%
Long-term debt		$ 2,795,500,000		$ 2,795,500,000	$ 2,195,900,000
United Kingdom [Member] | Mortgage Loans, Unsecured [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Maximum percentage of total assets		60.00%		60.00%			60.00%
Maximum ratio of consolidated secured indebtedness to total assets		50.00%		50.00%			50.00%
Interest coverage ratio		1.50		1.50			1.50
Maximum ratio of unencumbered assets to unsecured indebtedness		125.00%		125.00%			125.00%
Revolving Credit Facility [Member] | KWE Facility [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Debt instrument term	3 years
Maximum borrowing capacity	$ 331,500,000									£ 225,000,000
Borrowings under lines of credit				$ 55,700,000
Repayments of lines of credit				56,000,000
Maximum amount drawn on the unsecured credit facility at any one point during the year				56,000,000
Remaining borrowing capacity		$ 331,500,000		331,500,000			£ 225,000,000
Kennedy Wilson Europe Real Estate, Pllc [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Long-term debt		1,239,500,000		1,239,500,000	$ 861,700,000
Kennedy Wilson Europe Real Estate, Pllc [Member] | United Kingdom [Member] | KWE Bonds [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Debt face value								$ 442,000,000	£ 300,000,000
Interest rate (as a percent)								3.95%	3.95%
Long-term debt		$ 435,400,000		$ 435,400,000
Effective interest rate		3.35%		3.35%			3.35%
Percentage of proceeds converted to Euros with swaps				50.00%
Kennedy Wilson Europe Real Estate, Pllc [Member] | United Kingdom [Member] | Euro Medium Term Note [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Debt face value		$ 2,900,000,000		$ 2,900,000,000			£ 2,000,000,000
Long-term debt		427,300,000		$ 427,300,000
Proceeds from issuance of debt		$ 434,700,000	€ 400
Annual fixed coupon rate		3.25%	3.25%
Maximum [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member] | United Kingdom [Member] | Euro Medium Term Note [Member] | Secured Investment Debt [Member]
Debt Instrument [Line Items]
Debt face value | £							£ 2,000,000,000

INVESTMENT DEBT - Schedule of M

INVESTMENT DEBT - Schedule of Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt discount	$ (5.4)
Long-term debt	4,400	$ 3,000
Mortgage Loans and Notes Payable [Member]
Debt Instrument [Line Items]
2,016	43.5
2,017	190.3
2,018	232.6
2,019	859.2
2,020	264.9
Thereafter	2,073.1
Long-term debt, gross	3,663.6
Debt discount	(5.4)
Long-term debt	$ 3,658.2

BORROWINGS UNDER LINES OF CRE81

BORROWINGS UNDER LINES OF CREDIT (Details) - USD ($)	Dec. 10, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2014	Jun. 30, 2014
Line of Credit Facility [Line Items]
Loss on early extinguishment of corporate debt			$ 1,000,000	$ 27,300,000	$ 0
Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Maximum consolidated leverage ratio		54.00%	54.00%
Fixed charge coverage ratio		3.9	3.9
Tangible net worth		$ 1,329,600,000	$ 1,329,600,000
Adjusted secured leverage ratio		40.80%	40.80%
Recourse leverage ratio		0.58	0.58
Liquidity	$ 138,187,197	$ 690,500,000	$ 690,500,000
Secured recourse leverage ratio		2.00%	2.00%
KWH Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Loss on early extinguishment of corporate debt		$ 1,000,000
Maximum borrowing capacity						$ 300,000,000	$ 140,000,000
Average outstanding amount			$ 35,400,000	22,900,000
Line of credit		$ 0	$ 0	$ 125,000,000
KWH Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)			2.75%
KW Revolving Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 475,000,000
Maximum consolidated leverage ratio	65.00%
Fixed charge coverage ratio measurement period	12 months
Maximum secured recourse leverage multiplier		1.5	1.5
Covenant, percent of new equity offerings	50.00%
KW Revolving Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.60
Tangible net worth	$ 920,660,504.65
KW Revolving Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	2.50%
KW Revolving Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	3.00%
KWE Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Liquidity	$ 250,000,000
KWE Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Adjusted secured leverage ratio	55.00%
Secured recourse leverage ratio	3.50%	1.49%	1.49%

SENIOR NOTES - Schedule of Seni

SENIOR NOTES - Schedule of Senior Notes (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Nov. 30, 2014	Mar. 31, 2014	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term debt	$ 4,400,000,000	$ 3,000,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Face Value	705,000,000	705,000,000
Unamortized Net Premium/(Discount)	(2,400,000)	(2,600,000)
Long-term debt	$ 702,600,000	702,400,000
Senior Notes [Member] | 7.75% Senior Notes Due 2042 [Member]
Debt Instrument [Line Items]
Interest rate (as a percent)	7.75%				7.75%
Face Value	$ 55,000,000	55,000,000			$ 55,000,000
Unamortized Net Premium/(Discount)	0	0
Long-term debt	$ 55,000,000	55,000,000
Senior Notes [Member] | 5.875% Percent Senior Notes Dues April 2024 [Member]
Debt Instrument [Line Items]
Interest rate (as a percent)	5.875%		5.875%	5.875%
Face Value	$ 650,000,000	650,000,000	$ 350,000,000	$ 300,000,000
Unamortized Net Premium/(Discount)	(2,400,000)	(2,600,000)
Long-term debt	$ 647,600,000	$ 647,400,000

SENIOR NOTES - Additional Infor

SENIOR NOTES - Additional Information (Details)	Apr. 12, 2011USD ($)	Apr. 05, 2011USD ($)	Nov. 30, 2014USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Mar. 31, 2014USD ($)	Apr. 02, 2011
Debt Instrument [Line Items]
Borrowings under senior notes payable					$ 0	$ 647,200,000	$ 0
Long-term debt					4,400,000,000	3,000,000,000
Loss on early extinguishment of corporate debt					1,000,000	27,300,000	$ 0
Senior Notes [Member]
Debt Instrument [Line Items]
Debt face value					705,000,000	705,000,000
Long-term debt					$ 702,600,000	702,400,000
Balance sheet leverage ratio					0.62
Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Balance sheet leverage ratio									1.50
Senior Notes [Member] | 5.875% Percent Senior Notes Dues April 2024 [Member]
Debt Instrument [Line Items]
Debt face value			$ 350,000,000		$ 650,000,000	650,000,000		$ 300,000,000
Interest rate (as a percent)			5.875%		5.875%			5.875%
Debt price percentage of principal amount			100.00%					99.068%
Long-term debt					$ 647,600,000	647,400,000
Senior Notes [Member] | 8.75% Senior Notes Due April 1, 2019 [Member]
Debt Instrument [Line Items]
Debt face value	$ 50,000,000	$ 200,000,000		$ 100,000,000
Interest rate (as a percent)				8.75%
Borrowings under senior notes payable	$ 50,800,000	$ 198,600,000		$ 105,300,000
Long-term debt			$ 353,500,000
Senior Notes [Member] | 7.75% Senior Notes Due 2042 [Member]
Debt Instrument [Line Items]
Debt face value				$ 55,000,000	$ 55,000,000	55,000,000
Interest rate (as a percent)				7.75%	7.75%
Debt price percentage of principal amount				100.00%
Long-term debt					$ 55,000,000	$ 55,000,000
Senior Notes [Member] | 8.75% Senior Notes Due April 1, 2019 [Member]
Debt Instrument [Line Items]
Extinguishment of debt			350,000,000
Repayments of senior debt			380,100,000
Loss on early extinguishment of corporate debt			$ 25,800,000

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Loss on early extinguishment of corporate debt		$ 1,000,000	$ 27,300,000	$ 0
Junior Subordinated Debentures [Member]
Debt Instrument [Line Items]
Line of credit	$ 40,000,000
Extinguishment of debt	41,500,000
Loss on early extinguishment of corporate debt	$ 1,500,000

RELATED PARTY TRANSACTIONS - Fe

RELATED PARTY TRANSACTIONS - Fees and Income from Related Parties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions [Abstract]
Investment management, property services, and research fees	$ 37.8	$ 57.4	$ 46
Total related party revenue	$ 37.8	$ 57.4	$ 46

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Net rent expense	$ 4.4	$ 4.3	$ 3.6
Eliminations [Member]
Related Party Transaction [Line Items]
Management fees revenue	$ 75	$ 21.6	$ 4.3

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Domestic	$ 61.2	$ 60.2	$ 27.4
Foreign	51.2	62.3	(10.6)
Total	$ 112.4	$ 122.5	$ 16.8

INCOME TAXES - Schedule of (Ben

INCOME TAXES - Schedule of (Benefit from) Provision for Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Federal
Current									$ 0.2	$ 0	$ (0.1)
Deferred									13.2	31	5.2
Total federal tax expense (benefit)									13.4	31	5.1
State
Current									0	0.1	0
Deferred									0.3	5.2	(0.1)
Total state tax expense (benefit)									0.3	5.3	(0.1)
Foreign
Current									31.9	4.1	0.3
Deferred									7.8	(8)	(2.4)
Total foreign tax expense (benefit)									39.7	(3.9)	(2.1)
Provision for (benefit from) income taxes	$ 20.9	$ 4.5	$ 36.1	$ (8.1)	$ (8.4)	$ 6.6	$ 25.4	$ 8.8	$ 53.4	$ 32.4	$ 2.9

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of the Statutory Federal Income Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Statutory rate									35.00%
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Tax computed at the statutory rate									$ 39.3	$ 41.8	$ 5.6
Foreign permanent differences, primarily non-deductible depreciation, amortization and acquisition-related expenses in the United Kingdom									13.7	0.3	0
Sale of KWR, investment basis difference									10.6	0	0
Effect of foreign taxes, net of foreign tax credits									(3.8)	3.4	2.3
Noncontrolling interests									(2.8)	(22.7)	(6.9)
Adjustment to investment basis									1.4	2	0
Non-vested stock expense									1	0	0
State income taxes, net of federal benefit									(1.5)	2.7	0
Other									(4.5)	4.9	1.9
Provision for (benefit from) income taxes	$ 20.9	$ 4.5	$ 36.1	$ (8.1)	$ (8.4)	$ 6.6	$ 25.4	$ 8.8	$ 53.4	$ 32.4	$ 2.9

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Foreign currency translation	$ 113.6	$ 91.5
Net operating loss carryforward and credits	87.5	40.9
Stock option expense	8	4.2
Marketable securities	0.4	0.3
Accrued reserves	0.3	0.3
Total deferred tax assets	209.8	137.2
Valuation allowance	(37.7)	(3.4)
Net deferred tax assets	172.1	133.8
Deferred tax liabilities:
Investment basis, depreciation, amortization and reserve differences	125.6	91.7
Hedging transactions	15.5	11.7
Prepaid expenses and other	6.5	0.5
Capitalized interest	2.3	2.3
Total deferred tax liabilities	149.9	106.2
Deferred tax asset, net	$ 22.2	$ 27.6

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Increase in valuation on deferred tax assets	$ 34,300,000	$ 3,100,000
Undistributed earnings of foreign subsidiaries	4,700,000
US domestic taxes would be incurred if repatriated to the United States	1,600,000
Unrecognized tax benefits	0	$ 0
Federal [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	133,200,000
State and Local Jurisdiction [Member] | California [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	84,800,000
State and Local Jurisdiction [Member] | Other States [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	5,200,000
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	164,300,000
Tax credit	$ 10,400,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Schedule of Future Minimum Lease Payments (Details) $ in Millions	Dec. 31, 2015USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 3.3
2,017	2.1
2,018	1.6
2,019	1.5
2,020	1.5
Thereafter	2.9
Total minimum payments	$ 12.9

COMMITMENTS AND CONTINGENCIES93

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rent Expense:
Net rent expense	$ 4.4	$ 4.3	$ 3.6
Capital Commitments:
Unfunded capital commitments	39.8	$ 33.1
Chief Executive Officer [Member]
Employment Agreements:
Annual base salary	1.5
Chief Executive Officer Europe [Member]
Employment Agreements:
Annual base salary	1
Chief Financial Officer [Member]
Employment Agreements:
Annual base salary	0.6
Executive Vice President [Member]
Employment Agreements:
Annual base salary	0.6
General Counsel [Member]
Employment Agreements:
Annual base salary	0.8
Performance Guarantee [Member] | Loans Payable [Member]
Guarantees:
Guarantees, maximum exposure	$ 61.7

STOCK COMPENSATION PLANS - Addi

STOCK COMPENSATION PLANS - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended				18 Months Ended	43 Months Ended	73 Months Ended
	Jul. 31, 2014	Jun. 30, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2015	Nov. 30, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined contribution plan, maximum employee contribution percentage			75.00%
Defined contribution plan, matching contributions			$ 0.3	$ 0.2	$ 0.2
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vested (in shares)			1,069,990	855,494
Restricted shares forfeited (in shares)			57,148	2,475
Restricted stock, granted in period (in shares)			1,754,750	3,147,500
Compensation expense			$ 30.8	$ 15.8	$ 7.5
The Equity Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized										2,500,000
Vesting period			5 years
Restricted shares vested (in shares)									2,576,919
Restricted shares forfeited (in shares)									60,125
Award performance period			5 years
Unrecognized compensation cost related to unvested restricted shares			$ 0.2				$ 0.2	$ 0.2	$ 0.2
Restricted stock, granted in period (in shares)						5,000
2012 Amended and Restated Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		3,200,000
Vesting period		5 years
Restricted shares vested (in shares)								921,756
Restricted shares forfeited (in shares)								125,248
Unrecognized compensation cost related to unvested restricted shares			$ 28				$ 28	$ 28	28
Restricted stock, granted in period (in shares)						3,200,000
Compensation cost not yet recognized period for recognition			2 years
2012 Amended and Restated Plan [Member] | Restricted Stock [Member] | Year One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		10.00%
2012 Amended and Restated Plan [Member] | Restricted Stock [Member] | Year Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		10.00%
2012 Amended and Restated Plan [Member] | Restricted Stock [Member] | Year Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		10.00%
2012 Amended and Restated Plan [Member] | Restricted Stock [Member] | Year Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		10.00%
2012 Amended and Restated Plan [Member] | Restricted Stock [Member] | Year Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		60.00%
2014 Amended and Restated Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	6,000,000
Vesting period	3 years
Restricted shares vested (in shares)							704,000
Restricted shares forfeited (in shares)							44,400
Unrecognized compensation cost related to unvested restricted shares			$ 85.7				$ 85.7	$ 85.7	$ 85.7
Restricted stock, granted in period (in shares)			1,700,000	3,300,000
Compensation cost not yet recognized period for recognition			5 years
Postvesting restriction period	3 years
Discount for postvesting restrictions	15.00%
Minimum [Member] | 2014 Amended and Restated Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum [Member] | 2014 Amended and Restated Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

STOCK COMPENSATION PLANS - Sche

STOCK COMPENSATION PLANS - Schedule of Activity under the New Equity Plan (Details) - Restricted Stock [Member] - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Shares:
Nonvested at beginning of period (in shares)	5,646,733	3,357,202
Granted (in shares)	1,754,750	3,147,500
Vested (in shares)	(1,069,990)	(855,494)
Forfeited (in shares)	(57,148)	(2,475)
Nonvested at end of period (in shares)	6,274,345	5,646,733

EQUITY - Common Stock (Details)

EQUITY - Common Stock (Details) - USD ($) $ in Millions	1 Months Ended				12 Months Ended
	Jan. 31, 2014	Sep. 30, 2013	Apr. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Issuance of common stock (in shares)							17,250,000
Proceeds from issuance of common stock					$ 215	$ 190.6	$ 275.9
Common Stock [Member]
Class of Stock [Line Items]
Issuance of common stock (in shares)	9,200,000	6,900,000	1,400,000	9,000,000	8,625,000	9,201,250	17,250,000
Proceeds from issuance of common stock	$ 190.6	$ 122	$ 20.1	$ 133.8	$ 215.3
Stock issuance costs					$ 0.3

EQUITY - Preferred Stock (Detai

EQUITY - Preferred Stock (Details) $ / shares in Units, $ in Millions	May. 19, 2015$ / sharesshares	Dec. 31, 2015$ / sharesshares	Dec. 31, 2010USD ($)series$ / sharesshares
Class of Stock [Line Items]
Number of preferred stock series issued | series			2
Preferred stock, company repurchase price per share upon change of control		$ 1,150
Preferred stock, change of control percentage		35.00%
Preferred stock, minimum holder voting percentage to demand registration of preferred stock		51.00%
Preferred stock, percentage of liquidation preference per annum paid upon company not satisfying demand for registration		1.50%
Preferred stock, liquidation preference per share (in dollars shares)		$ 1,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, stated value per share (in dollars per share)			$ 1,000
Convertible preferred stock issued (in shares) | shares			100,000
Issuance costs of preferred stock | $			$ 99.8
Convertible preferred stock, conversion price per share (in dollars per share)	$ 11.69
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Convertible preferred stock issued (in shares) | shares			32,550
Issuance costs of preferred stock | $			$ 32.5
Convertible preferred stock, conversion price per share (in dollars per share)		$ 9.98
Convertible preferred stock, dividend rate		6.452%
Common Stock [Member]
Class of Stock [Line Items]
Conversion of preferred stock to common stock (in shares) | shares	8,554,948	8,554,948

EQUITY - Dividend Distributions

EQUITY - Dividend Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Declared
Preferred Stock	$ 3.6	$ 8.1
Common Stock	53.3	33.6	$ 21.8
Total	56.9	41.7
Paid
Preferred Stock	3.6	8.1
Common Stock	48.2	30.8
Total	51.8	38.9	$ 24.1
Series A Preferred Stock [Member]
Declared
Preferred Stock	1.5	6
Paid
Preferred Stock	1.5	6
Series B Preferred Stock [Member]
Declared
Preferred Stock	2.1	2.1
Paid
Preferred Stock	$ 2.1	$ 2.1

EQUITY - Accumulated Other Comp

EQUITY - Accumulated Other Comprehensive Income (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	$ 3,043.9
Balance	2,865.1
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(42.4)
Unrealized (losses) gains, arising during the period	(175.4)
Amounts reclassified out of AOCI during the period	18.8
Taxes on unrealized (losses) gains, arising during the period	37.1
Noncontrolling interest	92
Balance	(69.9)
Foreign Currency Derivative Contracts [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	14.4
Unrealized (losses) gains, arising during the period	20.9
Amounts reclassified out of AOCI during the period	(9)
Taxes on unrealized (losses) gains, arising during the period	(14.6)
Noncontrolling interest	10.7
Balance	22.4
Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(0.2)
Unrealized (losses) gains, arising during the period	0.1
Amounts reclassified out of AOCI during the period	(0.1)
Taxes on unrealized (losses) gains, arising during the period	0
Noncontrolling interest	0
Balance	(0.2)
Total Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance	(28.2)
Unrealized (losses) gains, arising during the period	(154.4)
Amounts reclassified out of AOCI during the period	9.7
Taxes on unrealized (losses) gains, arising during the period	22.5
Noncontrolling interest	102.7
Balance	$ (47.7)

EQUITY - Noncontrolling Interes

EQUITY - Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Noncontrolling interests	$ 1,731.3				$ 2,142.8				$ 1,731.3	$ 2,142.8
Distributions to noncontrolling interests									239.2	57.7	$ 0.5
Net (loss) income	$ (28.3)	$ (5.1)	$ (29.9)	$ 4.3	$ 20.5	$ 3	$ (63.7)	$ (49.8)	(59)	(90.1)	(13.9)
Contributions to noncontrolling interests									14.5	30.9	1.4
Noncontrolling Interest [Member]
Class of Stock [Line Items]
Distributions to noncontrolling interests									239.2	57.7	0.5
Net (loss) income									15.7	(68.2)	(20.3)
Comprehensive losses allocated to noncontrolling interest holders									102.7
Contributions to noncontrolling interests									$ 14.5	$ 30.9	$ 1.4

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 28.5	$ 14.9	$ 31.2	$ (3.5)	$ (30.7)	$ (2.2)	$ 36.3	$ 10.4	$ 71.1	$ 13.8	$ (14.5)
Net income and dividends allocated to participating securities									(2.9)	(1.4)	(0.9)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities									68.2	12.4	(15.4)
Dividends declared on common shares									(51.1)	(32.3)	(20.9)
Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders									$ 17.1	$ (19.9)	$ (36.3)
Distributed earnings per share (in dollars per share)									$ 0.48	$ 0.36	$ 0.28
Undistributed (loss) earnings per share (in dollars per share)									0.18	(0.22)	(0.49)
Income (loss) per basic (in dollars per share)	$ 0.25	$ 0.13	$ 0.29	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.39	$ 0.12	0.66	0.14	(0.21)
Income (loss) per diluted (in dollars per share)	$ 0.25	$ 0.13	$ 0.27	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.38	$ 0.12	$ 0.66	$ 0.14	$ (0.21)
Weighted average shares outstanding for basic (in shares)									103,261,513	89,200,855	71,159,919
Weighted average shares outstanding for diluted (in shares)									109,553,728	91,555,214	71,159,919
Dividends declared per common share (in dollars per share)									$ 0.48	$ 0.36	$ 0.28
Potentially dilutive securities (in shares)										11,100,074	13,494,478

SEGMENT INFORMATION - Segment I

SEGMENT INFORMATION - Segment Information, by Segment (Details) ft² in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)office	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)ft²line_of_businessofficesegment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment									2
Number of main lines of businesses | line_of_business									5
Square footage of properties managed (in sq ft) | ft²									50
Number of offices | office	25								25
Property management and leasing fees									$ 37.8	$ 57.4	$ 46
Segment Reporting Information, Income and Expense Activity [Abstract]
Rental									404.8	206.9	40.3
Hotel									106.4	63.3	2.7
Sale of real estate									3.7	28.4	10.1
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									69.3	82.6	68.1
Loan purchases, loan originations, and other									19.5	17.4	1.9
Total revenue	$ 166.3	$ 159.2	$ 140.5	$ 137.7	$ 141.6	$ 113.7	$ 91.9	$ 51.4	603.7	398.6	123.1
Operating Expenses									406.4	298.6	131.7
Depreciation and amortization									166.3	104.5	17.4
Operating expenses	164.9	144.5	141.9	121.4	139.6	114.2	88.5	60.8	572.7	403.1	149.1
Income from unconsolidated investments									97.4	54.2	41.4
Operating income	54.7	30.6	15.6	27.5	10.3	11.6	34.4	(6.6)	128.4	49.7	15.4
Gain on sale of real estate									72.4	0	0
Acquisition-related gains									108.1	218.1	56.6
Acquisition-related expenses									(37.3)	(19.7)	(1.6)
Interest expense - investment									(108.8)	(46.3)	(11.8)
Interest expense - corporate									(46.9)	(57.1)	(39.9)
Loss on early extinguishment of corporate debt									(1)	(27.3)	0
Other (expense) income									(2.5)	5.1	(1.9)
Income before provision for income taxes	49.2	9.6	66	(12.4)	(28.9)	3.6	89.1	58.6	112.4	122.5	16.8
Provision for income taxes	(20.9)	(4.5)	(36.1)	8.1	8.4	(6.6)	(25.4)	(8.8)	(53.4)	(32.4)	(2.9)
Net income	28.3	5.1	29.9	(4.3)	(20.5)	(3)	63.7	49.8	59	90.1	13.9
Net loss (income) attributable to the noncontrolling interests	0.7	10.3	1.9	2.8	(8.2)	2.8	(25.3)	(37.4)	15.7	(68.2)	(20.3)
Preferred dividends and accretion of preferred stock issuance costs	(0.5)	(0.5)	(0.6)	(2)	(2)	(2)	(2.1)	(2)	(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	28.5	$ 14.9	$ 31.2	$ (3.5)	(30.7)	$ (2.2)	$ 36.3	$ 10.4	71.1	13.8	(14.5)
Segment Reporting Information, Assets [Abstract]
Assets	7,640.1				6,332.1				7,640.1	6,332.1
Expenditures for long lived assets									$ (1,927.6)	(1,962.2)	(168.5)
Operating Segments [Member] | Investments [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments									38.00%
Segment Reporting Information, Income and Expense Activity [Abstract]
Rental									$ 404.8	206.9	40.3
Hotel									106.4	63.3	2.7
Sale of real estate									3.7	28.4	10.1
Loan purchases, loan originations, and other									19.5	17.4	1.9
Total revenue									534.4	316	55
Operating Expenses									283.3	201.6	69.1
Depreciation and amortization									166.3	104.5	17.4
Income from unconsolidated investments									93.6	48.3	41.4
Operating income									178.4	58.2	9.9
Gain on sale of real estate									72.4	0	0
Acquisition-related gains									108.1	218.1	56.6
Acquisition-related expenses									(37.3)	(19.7)	(1.6)
Interest expense - investment									(108.8)	(46.3)	(11.8)
Other (expense) income									(2.5)	5.1	(2.2)
Income before provision for income taxes									210.3	215.4	50.9
Provision for income taxes									(23.4)	0	0
Net income									186.9	215.4	50.9
Net loss (income) attributable to the noncontrolling interests									15.3	(73.6)	(20.3)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									202.2	141.8	30.6
Segment Reporting Information, Assets [Abstract]
Assets	7,418.6				6,017.9				7,418.6	6,017.9
Expenditures for long lived assets									(1,927.6)	(1,962.2)	(168.5)
Operating Segments [Member] | Services [Member]
Segment Reporting Information [Line Items]
Property management and leasing fees									37.8	57.4	46
Segment Reporting Information, Income and Expense Activity [Abstract]
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									69.3	82.6	68.1
Total revenue									69.3	82.6	68.1
Operating Expenses									69.7	61.1	40.7
Income from unconsolidated investments									3.8	5.9	0
Operating income									3.4	27.4	27.4
Net loss (income) attributable to the noncontrolling interests									0.4	5.4	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									3.8	32.8	27.4
Segment Reporting Information, Assets [Abstract]
Assets	58.1				60.2				58.1	60.2
Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Operating Expenses									53.4	35.8	21.9
Operating income									(53.4)	(35.8)	(21.9)
Interest income									0	0	0.3
Interest expense - corporate									(46.9)	(57.1)	(39.9)
Loss on early extinguishment of corporate debt									(1)	(27.3)	0
Other (expense) income									0	0	0
Income before provision for income taxes									(101.3)	(120.2)	(61.5)
Provision for income taxes									(30)	(32.4)	(2.9)
Net income									(131.3)	(152.6)	(64.4)
Preferred dividends and accretion of preferred stock issuance costs									(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									(134.9)	(160.7)	$ (72.5)
Segment Reporting Information, Assets [Abstract]
Assets	$ 163.4				$ 254				$ 163.4	$ 254

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Geographical Region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 166.3	$ 159.2	$ 140.5	$ 137.7	$ 141.6	$ 113.7	$ 91.9	$ 51.4	$ 603.7	$ 398.6	$ 123.1
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									229.3	174.9	87.6
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									361.1	209.2	35.1
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									$ 13.3	$ 14.5	$ 0.4

GUARANTOR AND NON-GUARANTOR 104

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 182.6	$ 174.6
Cash held by consolidated investments	549	763.1
Accounts receivable	54.7	55.6
Loan purchases and originations	299.7	313.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	5,797.5	4,228.1
Unconsolidated investments	444.9	492.2
Investments in and advances to consolidated subsidiaries	0	0
Other assets	311.7	305.1
Total assets	7,640.1	6,332.1
Liabilities
Accounts payable	22.2	11.7
Accrued expenses and other liabilities	392	253.2
Accounts payable, accrued expenses and other liabilities		264.9
Long-term debt	4,400	3,000
Total liabilities	4,775	3,288.2
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,133.8	901.1
Noncontrolling interests	1,731.3	2,142.8
Total equity	2,865.1	3,043.9	$ 818.9	$ 518.8
Total liabilities and equity	7,640.1	6,332.1
Parent [Member]
Assets
Cash and cash equivalents	0	0
Cash held by consolidated investments	0	0
Accounts receivable	0	0
Loan purchases and originations	0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	0	0
Unconsolidated investments	0	0
Investments in and advances to consolidated subsidiaries	1,148	909.8
Other assets	0	0
Total assets	1,148	909.8
Liabilities
Accounts payable	0
Accrued expenses and other liabilities	14
Accounts payable, accrued expenses and other liabilities		8.7
Total liabilities	14	8.7
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,134	901.1
Noncontrolling interests	0	0
Total equity	1,134	901.1
Total liabilities and equity	1,148	909.8
Kennedy-Wilson, Inc. [Member]
Assets
Cash and cash equivalents	80.2	38.2
Cash held by consolidated investments	0	0
Accounts receivable	0	0
Loan purchases and originations	79.4	38.5
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	0	0
Unconsolidated investments	14.6	9.3
Investments in and advances to consolidated subsidiaries	1,898.9	1,655
Other assets	0	63.7
Total assets	2,073.1	1,804.7
Liabilities
Accounts payable	0.5
Accrued expenses and other liabilities	222
Accounts payable, accrued expenses and other liabilities		67.5
Total liabilities	925.1	894.9
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,148	909.8
Noncontrolling interests	0	0
Total equity	1,148	909.8
Total liabilities and equity	2,073.1	1,804.7
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	37	21
Cash held by consolidated investments	0	0
Accounts receivable	30.2	31.5
Loan purchases and originations	12.2	20.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	1,017.5	474.5
Unconsolidated investments	292.6	328.7
Investments in and advances to consolidated subsidiaries	1,185.4	1,065.6
Other assets	30.2	40.6
Total assets	2,605.1	1,982.5
Liabilities
Accounts payable	2.5
Accrued expenses and other liabilities	118.8
Accounts payable, accrued expenses and other liabilities		79.2
Total liabilities	706.2	327.5
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,898.9	1,655
Noncontrolling interests	0	0
Total equity	1,898.9	1,655
Total liabilities and equity	2,605.1	1,982.5
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	65.4	115.4
Cash held by consolidated investments	549	763.1
Accounts receivable	24.5	24.1
Loan purchases and originations	245.9	292.1
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	4,780	3,753.6
Unconsolidated investments	137.7	154.2
Investments in and advances to consolidated subsidiaries	0.2	0
Other assets	281.5	200.8
Total assets	6,084.2	5,303.3
Liabilities
Accounts payable	19.2
Accrued expenses and other liabilities	37.2
Accounts payable, accrued expenses and other liabilities		109.5
Total liabilities	3,167.5	2,094.9
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,185.4	1,065.6
Noncontrolling interests	1,731.3	2,142.8
Total equity	2,916.7	3,208.4
Total liabilities and equity	6,084.2	5,303.3
Eliminations [Member]
Assets
Cash and cash equivalents	0	0
Cash held by consolidated investments	0	0
Accounts receivable	0	0
Loan purchases and originations	(37.8)	(37.8)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	0	0
Unconsolidated investments	0	0
Investments in and advances to consolidated subsidiaries	(4,232.5)	(3,630.4)
Other assets	0	0
Total assets	(4,270.3)	(3,668.2)
Liabilities
Accounts payable	0
Accrued expenses and other liabilities	0
Accounts payable, accrued expenses and other liabilities		0
Total liabilities	(37.8)	(37.8)
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	(4,232.5)	(3,630.4)
Noncontrolling interests	0	0
Total equity	(4,232.5)	(3,630.4)
Total liabilities and equity	(4,270.3)	(3,668.2)
Senior Notes [Member]
Liabilities
Long-term debt	702.6	702.4
Senior Notes [Member] | Parent [Member]
Liabilities
Long-term debt	0	0
Senior Notes [Member] | Kennedy-Wilson, Inc. [Member]
Liabilities
Long-term debt	702.6	702.4
Senior Notes [Member] | Guarantor Subsidiaries [Member]
Liabilities
Long-term debt	0	0
Senior Notes [Member] | Non-Guarantor Subsidiaries [Member]
Liabilities
Long-term debt	0	0
Senior Notes [Member] | Eliminations [Member]
Liabilities
Long-term debt	0	0
Investment Debt [Member]
Liabilities
Long-term debt	3,658.2	2,195.9
Investment Debt [Member] | Parent [Member]
Liabilities
Long-term debt	0	0
Investment Debt [Member] | Kennedy-Wilson, Inc. [Member]
Liabilities
Long-term debt	0	0
Investment Debt [Member] | Guarantor Subsidiaries [Member]
Liabilities
Long-term debt	584.9	248.3
Investment Debt [Member] | Non-Guarantor Subsidiaries [Member]
Liabilities
Long-term debt	3,111.1	1,985.4
Investment Debt [Member] | Eliminations [Member]
Liabilities
Long-term debt	(37.8)	(37.8)
Line of Credit [Member]
Liabilities
Long-term debt	$ 0	125
Line of Credit [Member] | Parent [Member]
Liabilities
Long-term debt		0
Line of Credit [Member] | Kennedy-Wilson, Inc. [Member]
Liabilities
Long-term debt		125
Line of Credit [Member] | Guarantor Subsidiaries [Member]
Liabilities
Long-term debt		0
Line of Credit [Member] | Non-Guarantor Subsidiaries [Member]
Liabilities
Long-term debt		0
Line of Credit [Member] | Eliminations [Member]
Liabilities
Long-term debt		$ 0

GUARANTOR AND NON-GUARANTOR 105

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue
Rental									$ 404.8	$ 206.9	$ 40.3
Hotel									106.4	63.3	2.7
Sale of real estate									3.7	28.4	10.1
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									69.3	82.6	68.1
Loan purchases, loan originations, and other									19.5	17.4	1.9
Total revenue	$ 166.3	$ 159.2	$ 140.5	$ 137.7	$ 141.6	$ 113.7	$ 91.9	$ 51.4	603.7	398.6	123.1
Operating expenses
Rental operating									108	59.3	16.7
Hotel operating									89.9	57.1	2.2
Cost of real estate sold									2.6	20.7	7.9
Commission and marketing									7.3	5.6	3.6
Compensation and related									154.8	113.8	76.7
General and administrative									43.8	42.1	24.6
Depreciation and amortization									166.3	104.5	17.4
Total operating expenses	164.9	144.5	141.9	121.4	139.6	114.2	88.5	60.8	572.7	403.1	149.1
Income from unconsolidated investments									97.4	54.2	41.4
Income (loss) from consolidated subsidiaries									0	0	0
Operating income	54.7	30.6	15.6	27.5	10.3	11.6	34.4	(6.6)	128.4	49.7	15.4
Non-operating income (expense)
Acquisition-related gains									108.1	218.1	56.6
Acquisition-related expenses									(37.3)	(19.7)	(1.6)
Interest expense - corporate									(46.9)	(57.1)	(39.9)
Interest expense - investment									(108.8)	(46.3)	(11.8)
Loss on early extinguishment of corporate debt									(1)	(27.3)	0
Gain on sale of real estate									72.4	0	0
Other (expense) income									(2.5)	5.1	(1.9)
Income before provision for income taxes	49.2	9.6	66	(12.4)	(28.9)	3.6	89.1	58.6	112.4	122.5	16.8
Provision for income taxes	(20.9)	(4.5)	(36.1)	8.1	8.4	(6.6)	(25.4)	(8.8)	(53.4)	(32.4)	(2.9)
Net income	28.3	5.1	29.9	(4.3)	(20.5)	(3)	63.7	49.8	59	90.1	13.9
Net loss (income) attributable to the noncontrolling interests	0.7	10.3	1.9	2.8	(8.2)	2.8	(25.3)	(37.4)	15.7	(68.2)	(20.3)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									74.7	21.9	(6.4)
Preferred stock dividends and accretion of issuance costs	(0.5)	(0.5)	(0.6)	(2)	(2)	(2)	(2.1)	(2)	(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 28.5	$ 14.9	$ 31.2	$ (3.5)	$ (30.7)	$ (2.2)	$ 36.3	$ 10.4	71.1	13.8	(14.5)
Parent [Member]
Revenue
Rental									0	0	0
Hotel									0	0	0
Sale of real estate									0	0	0
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									0	0	0
Loan purchases, loan originations, and other									0	0	0
Total revenue									0	0	0
Operating expenses
Rental operating									0	0	0
Hotel operating									0	0	0
Cost of real estate sold									0	0	0
Commission and marketing									0	0	0
Compensation and related									30.8	15.9	7.5
General and administrative									0	0	0.3
Depreciation and amortization									0	0	0
Total operating expenses									30.8	15.9	7.8
Income from unconsolidated investments									0	0	0
Income (loss) from consolidated subsidiaries									89.8	106	21.7
Operating income									59	90.1	13.9
Non-operating income (expense)
Acquisition-related gains									0	0	0
Acquisition-related expenses									0	0	0
Interest expense - corporate									0	0	0
Interest expense - investment									0	0	0
Loss on early extinguishment of corporate debt									0	0
Gain on sale of real estate									0
Other (expense) income									0	0	0
Income before provision for income taxes									59	90.1	13.9
Provision for income taxes										0	0
Net income									59	90.1	13.9
Net loss (income) attributable to the noncontrolling interests									0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									59	90.1	13.9
Preferred stock dividends and accretion of issuance costs									(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									55.4	82	5.8
Kennedy-Wilson, Inc. [Member]
Revenue
Rental									0	0	0.1
Hotel									0	0	0
Sale of real estate									0	0	0
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									0	0	0.4
Loan purchases, loan originations, and other									0.1	0.1	0
Total revenue									0.1	0.1	0.5
Operating expenses
Rental operating									0	0	0
Hotel operating									0	0	0
Cost of real estate sold									0	0	0
Commission and marketing									1.6	0	0.3
Compensation and related									50.1	52.8	31.9
General and administrative									15	12.4	9.4
Depreciation and amortization									0.8	0.9	0.9
Total operating expenses									67.5	66.1	42.5
Income from unconsolidated investments									0.4	3.4	2.9
Income (loss) from consolidated subsidiaries									220.1	278.4	105.4
Operating income									153.1	215.8	66.3
Non-operating income (expense)
Acquisition-related gains									0	(7)	0
Acquisition-related expenses									(0.8)	0	(0.2)
Interest expense - corporate									(46.9)	(56.3)	(39.9)
Interest expense - investment									0	0	0
Loss on early extinguishment of corporate debt									(1)	(27.3)
Gain on sale of real estate									0
Other (expense) income									1	0.2	0.4
Income before provision for income taxes									105.4	125.4	26.6
Provision for income taxes									(15.6)	(19.4)	(4.9)
Net income									89.8	106	21.7
Net loss (income) attributable to the noncontrolling interests									0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									89.8	106	21.7
Preferred stock dividends and accretion of issuance costs									0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									89.8	106	21.7
Guarantor Subsidiaries [Member]
Revenue
Rental									65.4	20.4	6.7
Hotel									0	0	0
Sale of real estate									0	0.7	10.1
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									66.1	78.9	26.9
Loan purchases, loan originations, and other									1.2	2	1.9
Total revenue									132.7	102	45.6
Operating expenses
Rental operating									25.3	0	3.5
Hotel operating									0	0	0
Cost of real estate sold									0	0.7	7.9
Commission and marketing									4.6	4.4	2.9
Compensation and related									65.4	38.1	14.8
General and administrative									16.7	15.8	5.1
Depreciation and amortization									20.8	12.2	4.8
Total operating expenses									132.8	71.2	39
Income from unconsolidated investments									79.3	39	52.1
Income (loss) from consolidated subsidiaries									95.9	215.5	51.3
Operating income									175.1	285.3	110
Non-operating income (expense)
Acquisition-related gains									70	3.7	0
Acquisition-related expenses									(0.7)	(2.3)	(0.4)
Interest expense - corporate									0	0	0
Interest expense - investment									(15.8)	(6.8)	(1.8)
Loss on early extinguishment of corporate debt									0	0
Gain on sale of real estate									0.1
Other (expense) income									(1.7)	1.5	(2.4)
Income before provision for income taxes									227	281.4	105.4
Provision for income taxes									(6.9)	(3)	0
Net income									220.1	278.4	105.4
Net loss (income) attributable to the noncontrolling interests									0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									220.1	278.4	105.4
Preferred stock dividends and accretion of issuance costs									0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									220.1	278.4	105.4
Non-Guarantor Subsidiaries [Member]
Revenue
Rental									339.4	186.5	33.5
Hotel									106.4	63.3	2.7
Sale of real estate									3.7	27.7	0
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									3.2	3.7	40.8
Loan purchases, loan originations, and other									18.2	15.3
Total revenue									470.9	296.5	77
Operating expenses
Rental operating									82.7	59.3	13.2
Hotel operating									89.9	57.1	2.2
Cost of real estate sold									2.6	20	0
Commission and marketing									1.1	1.2	0.4
Compensation and related									8.5	7	22.5
General and administrative									12.1	13.9	9.8
Depreciation and amortization									144.7	91.4	11.7
Total operating expenses									341.6	249.9	59.8
Income from unconsolidated investments									17.7	11.8	(13.6)
Income (loss) from consolidated subsidiaries									0	0	0
Operating income									147	58.4	3.6
Non-operating income (expense)
Acquisition-related gains									38.1	221.4	56.6
Acquisition-related expenses									(35.8)	(17.4)	(1)
Interest expense - corporate									0	(0.8)	0
Interest expense - investment									(93)	(39.5)	(10)
Loss on early extinguishment of corporate debt									0	0
Gain on sale of real estate									72.3
Other (expense) income									(1.8)	3.4	0.1
Income before provision for income taxes									126.8	225.5	49.3
Provision for income taxes									(30.9)	(10)	2
Net income									95.9	215.5	51.3
Net loss (income) attributable to the noncontrolling interests									15.7	(68.2)	(20.3)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									111.6	147.3	31
Preferred stock dividends and accretion of issuance costs									0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									111.6	147.3	31
Eliminations [Member]
Revenue
Rental									0	0	0
Hotel									0	0	0
Sale of real estate									0	0	0
Investment management, property services, and research fees (includes $37.8, $57.4, and $46.0 million of related party fees, respectively)									0	0	0
Loan purchases, loan originations, and other									0	0	0
Total revenue									0	0	0
Operating expenses
Rental operating									0	0	0
Hotel operating									0	0	0
Cost of real estate sold									0	0	0
Commission and marketing									0	0	0
Compensation and related									0	0	0
General and administrative									0	0	0
Depreciation and amortization									0	0	0
Total operating expenses									0	0	0
Income from unconsolidated investments									0	0	0
Income (loss) from consolidated subsidiaries									(405.8)	(599.9)	(178.4)
Operating income									(405.8)	(599.9)	(178.4)
Non-operating income (expense)
Acquisition-related gains									0	0	0
Acquisition-related expenses									0	0	0
Interest expense - corporate									0	0	0
Interest expense - investment									0	0	0
Loss on early extinguishment of corporate debt									0	0
Gain on sale of real estate									0
Other (expense) income									0	0	0
Income before provision for income taxes									(405.8)	(599.9)	(178.4)
Provision for income taxes									0	0	0
Net income									(405.8)	(599.9)	(178.4)
Net loss (income) attributable to the noncontrolling interests									0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.									(405.8)	(599.9)	(178.4)
Preferred stock dividends and accretion of issuance costs									0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders									$ (405.8)	$ (599.9)	$ (178.4)

GUARANTOR AND NON-GUARANTOR 106

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	$ 28.3	$ 5.1	$ 29.9	$ (4.3)	$ (20.5)	$ (3)	$ 63.7	$ 49.8	$ 59	$ 90.1	$ 13.9
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0.1	(0.2)	0
Unrealized foreign currency translation gain (loss)									(138.3)	(46.4)	(9.3)
Amounts reclassified from accumulated other comprehensive income									9.7	(7.1)	2.8
Unrealized gain (loss) on forward currency derivatives									6.3	16.3	3.1
Total other comprehensive loss for the period									(122.2)	(37.4)	(3.4)
Comprehensive (loss) income									(63.2)	52.7	10.5
Comprehensive income attributable to noncontrolling interests									118.4	(15.6)	(20.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									55.2	37.1	(9.8)
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income									59	90.1	13.9
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0.1	(0.2)
Unrealized foreign currency translation gain (loss)									(138.3)	(46.4)	(9.3)
Amounts reclassified from accumulated other comprehensive income									9.7	(7.1)	2.8
Unrealized gain (loss) on forward currency derivatives									6.3	16.3	3.1
Total other comprehensive loss for the period									(122.2)	(37.4)	(3.4)
Comprehensive (loss) income									(63.2)	52.7	10.5
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									(63.2)	52.7	10.5
Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income									89.8	106	21.7
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0.1	(0.2)
Unrealized foreign currency translation gain (loss)									(138.3)	(46.4)	(9.3)
Amounts reclassified from accumulated other comprehensive income									9.7	(7.1)	2.8
Unrealized gain (loss) on forward currency derivatives									6.3	16.3	3.1
Total other comprehensive loss for the period									(122.2)	(37.4)	(3.4)
Comprehensive (loss) income									(32.4)	68.6	18.3
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									(32.4)	68.6	18.3
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income									220.1	278.4	105.4
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0	0
Unrealized foreign currency translation gain (loss)									(13.6)	1.9	(10)
Amounts reclassified from accumulated other comprehensive income									(0.6)	1.2	2.8
Unrealized gain (loss) on forward currency derivatives									11.5	4.9	5
Total other comprehensive loss for the period									(2.7)	8	(2.2)
Comprehensive (loss) income									217.4	286.4	103.2
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									217.4	286.4	103.2
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income									95.9	215.5	51.3
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									0	0
Unrealized foreign currency translation gain (loss)									(29.6)	(41)	0.8
Amounts reclassified from accumulated other comprehensive income									10.3	(8.3)	0
Unrealized gain (loss) on forward currency derivatives									(5.2)	15.2	0
Total other comprehensive loss for the period									(24.5)	(34.1)	0.8
Comprehensive (loss) income									71.4	181.4	52.1
Comprehensive income attributable to noncontrolling interests									118.4	(15.6)	(20.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									189.8	165.8	31.8
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income									(405.8)	(599.9)	(178.4)
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on marketable securities									(0.1)	0.2
Unrealized foreign currency translation gain (loss)									181.5	85.5	18.5
Amounts reclassified from accumulated other comprehensive income									(19.4)	14.2	(5.6)
Unrealized gain (loss) on forward currency derivatives									(12.6)	(36.4)	(8.1)
Total other comprehensive loss for the period									149.4	63.5	4.8
Comprehensive (loss) income									(256.4)	(536.4)	(173.6)
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.									$ (256.4)	$ (536.4)	$ (173.6)

GUARANTOR AND NON-GUARANTOR 107

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 178.2	$ 98.1	$ 31.3
Cash flows from investing activities:
Additions to loans	(235.8)	(536.8)	(61.7)
Collections of loans	27.8	95.9	46
Sale of participation interests	0	0	6.6
Capitalized development costs	0	0	(1.4)
Nonrefundable escrow deposits	(3.8)	(47.7)	(4)
Net proceeds from sale of real estate	622.6	24.7	10.1
Purchases of and additions to real estate	(1,927.6)	(1,962.2)	(168.5)
Short-term investments			10
Investment in marketable securities	(5)	(11.5)	(3.7)
Proceeds from sale of marketable securities	6.2	8.6
Investing distributions from unconsolidated investments	180	111.8	175.4
Contributions to unconsolidated investments	(184.3)	(167.7)	(357.6)
Proceeds from settlement of foreign currency derivative contracts	41.5	14.4	0
Purchases of foreign currency derivative contracts	(5.2)	(2.7)	0
(Investments in) distributions from consolidated subsidiaries, net	0	0
Net cash used in investing activities	(1,483.6)	(2,473.2)	(348.8)
Cash flow from financing activities:
Borrowings under senior notes payable	0	647.2	0
Repayment of senior notes payable	0	(350)	0
Repayments of junior subordinated debt	0	(40)	0
Borrowings under lines of credit	95	215	125
Repayment of lines of credit	(220)	(90)	(125)
Borrowings under investment debt	2,087.9	1,283.8	112.5
Repayment of investment debt	(681.1)	(345.8)	(1.7)
Debt issue costs	(21.7)	(38.7)	(2.2)
Issuance of common stock	215	190.6	275.9
Repurchase of common stock	(11.4)	(8.2)	(3.8)
Proceeds from the issuance of KWE shares, net	0	1,827.2	0
Repurchase of warrants	0		(1.4)
Exercise of warrants	0	0	15.4
Dividends paid	(51.8)	(38.9)	(24.1)
Acquisition of noncontrolling interests	(68.4)	(51)
Contributions from noncontrolling interests	14.5	19.9	1.4
Distributions to noncontrolling interests	(239.2)	(57.7)	(0.6)
Intercompany receivables, net			0
Net cash provided by financing activities	1,118.8	3,163.4	371.4
Effect of currency exchange rate changes on cash and cash equivalents	(19.5)	(28.8)	3.4
Net change in cash and cash equivalents	(206.1)	759.5	57.3
Cash and cash equivalents, beginning of year	937.7	178.2	120.9
Cash and cash equivalents, end of year	731.6	937.7	178.2
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	5.3	(1)	0.6
Cash flows from investing activities:
Additions to loans	0	0	0
Collections of loans	0	0	0
Sale of participation interests			0
Capitalized development costs			0
Nonrefundable escrow deposits	0	0	0
Net proceeds from sale of real estate	0	0	0
Purchases of and additions to real estate	0	0	0
Short-term investments			0
Investment in marketable securities	0	0	0
Proceeds from sale of marketable securities	0	0
Investing distributions from unconsolidated investments	0	0	0
Contributions to unconsolidated investments	0	0	0
Proceeds from settlement of foreign currency derivative contracts	0	0
Purchases of foreign currency derivative contracts	0	0
(Investments in) distributions from consolidated subsidiaries, net	(157.1)	(142.5)	(262.6)
Net cash used in investing activities	(157.1)	(142.5)	(262.6)
Cash flow from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayments of junior subordinated debt		0
Borrowings under lines of credit	0	0	0
Repayment of lines of credit	0	0	0
Borrowings under investment debt	0	0	0
Repayment of investment debt	0	0	0
Debt issue costs	0	0	0
Issuance of common stock	215	190.6	275.9
Repurchase of common stock	(11.4)	(8.2)	(3.8)
Proceeds from the issuance of KWE shares, net		0
Repurchase of warrants			(1.4)
Exercise of warrants			15.4
Dividends paid	(51.8)	(38.9)	(24.1)
Acquisition of noncontrolling interests	0	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Intercompany receivables, net			0
Net cash provided by financing activities	151.8	143.5	262
Effect of currency exchange rate changes on cash and cash equivalents	0	0	0
Net change in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of year	0	0	0
Cash and cash equivalents, end of year	0	0	0
Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	67.4	(203.8)	(67)
Cash flows from investing activities:
Additions to loans	(41)	0	(39.6)
Collections of loans	0	0	7.8
Sale of participation interests			0
Capitalized development costs			(1.4)
Nonrefundable escrow deposits	0	0	(4)
Net proceeds from sale of real estate	0	0	0
Purchases of and additions to real estate	0	(0.6)	0
Short-term investments			10
Investment in marketable securities	0	0	0
Proceeds from sale of marketable securities	$ 0	0
Investing distributions from unconsolidated investments		0.3	0.4
Contributions to unconsolidated investments	$ (2.9)	(2)	(2.3)
Proceeds from settlement of foreign currency derivative contracts	23.4	0
Purchases of foreign currency derivative contracts	(3.6)	0
(Investments in) distributions from consolidated subsidiaries, net	128.4	(172.8)	104.4
Net cash used in investing activities	104.3	(175.1)	75.3
Cash flow from financing activities:
Borrowings under senior notes payable		647.2
Repayment of senior notes payable		(350)
Repayments of junior subordinated debt		(40)
Borrowings under lines of credit	95	215	125
Repayment of lines of credit	(220)	(90)	(125)
Borrowings under investment debt	0	0	0
Repayment of investment debt	0	0	0
Debt issue costs	(4.7)	(13.3)	(1.3)
Issuance of common stock	0	0	0
Repurchase of common stock	0	0	0
Proceeds from the issuance of KWE shares, net		0
Repurchase of warrants			0
Exercise of warrants			0
Dividends paid	0	0	0
Acquisition of noncontrolling interests	0	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Intercompany receivables, net			(23.5)
Net cash provided by financing activities	(129.7)	368.9	(24.8)
Effect of currency exchange rate changes on cash and cash equivalents	0	0	0.2
Net change in cash and cash equivalents	42	(10)	(16.3)
Cash and cash equivalents, beginning of year	38.2	48.2	64.5
Cash and cash equivalents, end of year	80.2	38.2	48.2
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	105.4	125.1	47.6
Cash flows from investing activities:
Additions to loans	0	(10.7)	(22.1)
Collections of loans	8.8	15.1	38.1
Sale of participation interests			6.6
Capitalized development costs			0
Nonrefundable escrow deposits	0	0	0
Net proceeds from sale of real estate	0	0	9.8
Purchases of and additions to real estate	(220.3)	(141.5)	(62.4)
Short-term investments			0
Investment in marketable securities	(5)	(11.5)	(3.7)
Proceeds from sale of marketable securities	6.2	8.6
Investing distributions from unconsolidated investments	83.1	52.1	167.8
Contributions to unconsolidated investments	(81.5)	(70.8)	(230.2)
Proceeds from settlement of foreign currency derivative contracts	0	0
Purchases of foreign currency derivative contracts	0	0
(Investments in) distributions from consolidated subsidiaries, net	(40)	(89.7)	43.8
Net cash used in investing activities	(248.7)	(248.4)	(52.3)
Cash flow from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayments of junior subordinated debt		0
Borrowings under lines of credit	0	0	0
Repayment of lines of credit	0	0	0
Borrowings under investment debt	168.1	68.8	41.1
Repayment of investment debt	(7.4)	(0.7)	0
Debt issue costs	(1.4)	(1)	(0.3)
Issuance of common stock	0	0	0
Repurchase of common stock	0	0	0
Proceeds from the issuance of KWE shares, net		0
Repurchase of warrants			0
Exercise of warrants			0
Dividends paid	0	0	0
Acquisition of noncontrolling interests	0	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Intercompany receivables, net			0
Net cash provided by financing activities	159.3	67.1	40.8
Effect of currency exchange rate changes on cash and cash equivalents	0	0	2.6
Net change in cash and cash equivalents	16	(56.2)	38.7
Cash and cash equivalents, beginning of year	21	77.2	38.5
Cash and cash equivalents, end of year	37	21	77.2
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	0.1	177.8	50.1
Cash flows from investing activities:
Additions to loans	(194.8)	(526.1)	0
Collections of loans	19	80.8	0.1
Sale of participation interests			0
Capitalized development costs			0
Nonrefundable escrow deposits	(3.8)	(47.7)	0
Net proceeds from sale of real estate	622.6	24.7	0.3
Purchases of and additions to real estate	(1,707.3)	(1,820.1)	(106.1)
Short-term investments			0
Investment in marketable securities	0	0	0
Proceeds from sale of marketable securities	0	0
Investing distributions from unconsolidated investments	96.9	59.4	7.2
Contributions to unconsolidated investments	(99.9)	(94.9)	(125.1)
Proceeds from settlement of foreign currency derivative contracts	18.1	14.4
Purchases of foreign currency derivative contracts	(1.6)	(2.7)
(Investments in) distributions from consolidated subsidiaries, net	68.7	405	114.4
Net cash used in investing activities	(1,182.1)	(1,907.2)	(109.2)
Cash flow from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayments of junior subordinated debt		0
Borrowings under lines of credit	0	0	0
Repayment of lines of credit	0	0	0
Borrowings under investment debt	1,919.8	1,215	71.4
Repayment of investment debt	(673.7)	(345.1)	(1.7)
Debt issue costs	(15.6)	(24.4)	(0.6)
Issuance of common stock	0	0	0
Repurchase of common stock	0	0	0
Proceeds from the issuance of KWE shares, net		1,827.2
Repurchase of warrants			0
Exercise of warrants			0
Dividends paid	0	0	0
Acquisition of noncontrolling interests	(68.4)	(51)
Contributions from noncontrolling interests	14.5	19.9	1.4
Distributions to noncontrolling interests	(239.2)	(57.7)	(0.6)
Intercompany receivables, net			23.5
Net cash provided by financing activities	937.4	2,583.9	93.4
Effect of currency exchange rate changes on cash and cash equivalents	(19.5)	(28.8)	0.6
Net change in cash and cash equivalents	(264.1)	825.7	34.9
Cash and cash equivalents, beginning of year	878.5	52.8	17.9
Cash and cash equivalents, end of year	$ 614.4	$ 878.5	$ 52.8

UNAUDITED QUARTERLY INFORMAT108

UNAUDITED QUARTERLY INFORMATION (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 166.3	$ 159.2	$ 140.5	$ 137.7	$ 141.6	$ 113.7	$ 91.9	$ 51.4	$ 603.7	$ 398.6	$ 123.1
Operating expenses	164.9	144.5	141.9	121.4	139.6	114.2	88.5	60.8	572.7	403.1	149.1
Income from unconsolidated investments	53.3	15.9	17	11.2	8.3	12.1	31	2.8	58.1	46.5	28.8
Operating income	54.7	30.6	15.6	27.5	10.3	11.6	34.4	(6.6)	128.4	49.7	15.4
Non-operating (expenses) income	(5.5)	(21)	50.4	(39.9)	(39.2)	(8)	54.7	65.2
Income before provision for income taxes	49.2	9.6	66	(12.4)	(28.9)	3.6	89.1	58.6	112.4	122.5	16.8
Provision for income taxes	(20.9)	(4.5)	(36.1)	8.1	8.4	(6.6)	(25.4)	(8.8)	(53.4)	(32.4)	(2.9)
Net income	28.3	5.1	29.9	(4.3)	(20.5)	(3)	63.7	49.8	59	90.1	13.9
Net loss (income) attributable to the noncontrolling interests	0.7	10.3	1.9	2.8	(8.2)	2.8	(25.3)	(37.4)	15.7	(68.2)	(20.3)
Preferred stock dividends and accretion of issuance costs	(0.5)	(0.5)	(0.6)	(2)	(2)	(2)	(2.1)	(2)	(3.6)	(8.1)	(8.1)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 28.5	$ 14.9	$ 31.2	$ (3.5)	$ (30.7)	$ (2.2)	$ 36.3	$ 10.4	$ 71.1	$ 13.8	$ (14.5)
Basic (loss) earnings per share (in dollars per share)	$ 0.25	$ 0.13	$ 0.29	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.39	$ 0.12	$ 0.66	$ 0.14	$ (0.21)
Diluted (loss) earnings per share (in dollars per share)	$ 0.25	$ 0.13	$ 0.27	$ (0.05)	$ (0.35)	$ (0.03)	$ 0.38	$ 0.12	$ 0.66	$ 0.14	$ (0.21)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	Feb. 25, 2016USD ($)$ / shares	Feb. 29, 2016USD ($)asset	Feb. 29, 2016USD ($)asset
Subsequent Event [Line Items]
Common stock dividend increase percentage	17.00%
Quarterly dividends | $ / shares	$ 0.14
Annual dividends | $ / shares	$ 0.56
Stock repurchase program, authorized amount	$ 100,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Proceeds from issuance of debt			$ 50,000,000
Real Estate Funds [Member]
Subsequent Event [Line Items]
Capital commitments raised		$ 500,000,000
The funds, unfunded capital commitments		$ 60,000,000
Number of assets in real estate fund | asset		10	10
Aggregate purchase price		$ 412,000,000	$ 412,000,000
Undrawn commitments		$ 365,000,000	$ 365,000,000

Schedule III - Real Estate a110

Schedule III - Real Estate and Accumulated Depreciation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)aUnit	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,795.5
Initial Cost
Land	1,634.5
Building & Improvements	4,356.9
Costs Capitalized Subsequent to Acquisition
Improvements	247.3
Gross Balance at December 31, 2014
Land	1,471.5
Building & Improvements	4,152.7
Total	5,624.2	$ 4,067.1	$ 684.6	$ 296.8
Accumulated Depreciation	(139.1)	$ (61.9)	$ (15.8)	$ (7.4)
Aggregate tax basis of all properties	5,231.6
Western U.S. [Member] | Commercial [Member] | Commercial building, constructed 1955, 1981, 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	35
Initial Cost
Land	11.2
Building & Improvements	18.5
Costs Capitalized Subsequent to Acquisition
Improvements	34
Gross Balance at December 31, 2014
Land	11.2
Building & Improvements	53.5
Total	64.7
Accumulated Depreciation	$ (0.6)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1981 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3.8
Initial Cost
Land	1.3
Building & Improvements	4.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.5
Gross Balance at December 31, 2014
Land	1.3
Building & Improvements	4.7
Total	6
Accumulated Depreciation	$ (0.3)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1971, 1982, 1983 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4
Initial Cost
Land	1.4
Building & Improvements	0.8
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	1.4
Building & Improvements	0.8
Total	2.2
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1958, 1974-1976, 1985, 1989, 2006 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5.6
Initial Cost
Land	2.1
Building & Improvements	2.9
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	2.4
Building & Improvements	2.9
Total	5.3
Accumulated Depreciation	$ (0.2)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1989 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11.8
Initial Cost
Land	5.1
Building & Improvements	7.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.9
Gross Balance at December 31, 2014
Land	5.1
Building & Improvements	8.7
Total	13.8
Accumulated Depreciation	$ (0.5)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1980, 1983 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7.7
Initial Cost
Land	3.5
Building & Improvements	7.4
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2014
Land	3.5
Building & Improvements	7.7
Total	11.2
Accumulated Depreciation	$ (0.4)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, constructed 1975 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7.1
Initial Cost
Land	2.7
Building & Improvements	6.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	2.6
Building & Improvements	6.7
Total	9.3
Accumulated Depreciation	$ (0.4)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Commerical building, constructed 1991 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 27.5
Initial Cost
Land	8.8
Building & Improvements	31.4
Costs Capitalized Subsequent to Acquisition
Improvements	1.9
Gross Balance at December 31, 2014
Land	8.8
Building & Improvements	33.2
Total	42
Accumulated Depreciation	$ (2.8)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Industrial Land [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3.7
Initial Cost
Land	1.1
Building & Improvements	1.9
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	3.5
Building & Improvements	1.9
Total	5.4
Accumulated Depreciation	$ (0.2)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Commerical building, constructed 2007 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 12
Initial Cost
Land	6.2
Building & Improvements	15
Costs Capitalized Subsequent to Acquisition
Improvements	2.7
Gross Balance at December 31, 2014
Land	6.2
Building & Improvements	17.7
Total	23.9
Accumulated Depreciation	$ (1.9)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, Constructed 1985 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 17.4
Initial Cost
Land	9.1
Building & Improvements	14
Costs Capitalized Subsequent to Acquisition
Improvements	2.1
Gross Balance at December 31, 2014
Land	9.1
Building & Improvements	16.1
Total	25.2
Accumulated Depreciation	$ (0.7)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, Constructed 1979, 1980 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5.8
Initial Cost
Land	2.3
Building & Improvements	5.4
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2014
Land	2.3
Building & Improvements	6.1
Total	8.4
Accumulated Depreciation	$ (0.3)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail 2, Constructed 1979,1980 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.3
Initial Cost
Land	5.7
Building & Improvements	12.7
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2014
Land	5.7
Building & Improvements	13
Total	18.7
Accumulated Depreciation	$ (0.3)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Commercial Building 1, Constructed 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 61.6
Initial Cost
Land	37.8
Building & Improvements	60.6
Costs Capitalized Subsequent to Acquisition
Improvements	1.4
Gross Balance at December 31, 2014
Land	37.8
Building & Improvements	62
Total	99.8
Accumulated Depreciation	$ (0.9)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Commercial Building, Constructed 1968 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 30
Initial Cost
Land	11.6
Building & Improvements	36.5
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2014
Land	11.6
Building & Improvements	36.7
Total	48.3
Accumulated Depreciation	$ (0.4)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Retail, Constructed 1978, 2002 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5.2
Initial Cost
Land	1.6
Building & Improvements	6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	1.6
Building & Improvements	6
Total	7.6
Accumulated Depreciation	$ (0.1)
Depreciable life in years	39 years
Western U.S. [Member] | Commercial [Member] | Commercial Building 2, Constructed 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 34.9
Initial Cost
Land	20.7
Building & Improvements	47.8
Costs Capitalized Subsequent to Acquisition
Improvements	20.1
Gross Balance at December 31, 2014
Land	20.7
Building & Improvements	47.9
Total	68.6
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Western U.S. [Member] | Multifamily Properties [Member] | 615-unit Multifamily Building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 120.2
Initial Cost
Land	30
Building & Improvements	90.1
Costs Capitalized Subsequent to Acquisition
Improvements	1.7
Gross Balance at December 31, 2014
Land	30
Building & Improvements	91.7
Total	121.7
Accumulated Depreciation	$ (6.7)
Depreciable life in years	39 years
Number of units | Unit	615
Western U.S. [Member] | Multifamily Properties [Member] | 450-unit Multifamily Building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 49.2
Initial Cost
Land	18.4
Building & Improvements	43
Costs Capitalized Subsequent to Acquisition
Improvements	3.3
Gross Balance at December 31, 2014
Land	18.4
Building & Improvements	46.3
Total	64.7
Accumulated Depreciation	$ (3.5)
Depreciable life in years	39 years
Number of units | Unit	450
Western U.S. [Member] | Multifamily Properties [Member] | 297-unit Multifamily Building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22.4
Initial Cost
Land	3.9
Building & Improvements	25.8
Costs Capitalized Subsequent to Acquisition
Improvements	1.1
Gross Balance at December 31, 2014
Land	3.9
Building & Improvements	26.8
Total	30.7
Accumulated Depreciation	$ (1.5)
Depreciable life in years	39 years
Number of units | Unit	297
Western U.S. [Member] | Multifamily Properties [Member] | 178-unit Apartment building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 31.4
Initial Cost
Land	12.3
Building & Improvements	18.5
Costs Capitalized Subsequent to Acquisition
Improvements	4.1
Gross Balance at December 31, 2014
Land	12.3
Building & Improvements	22.5
Total	34.8
Accumulated Depreciation	$ (2.6)
Depreciable life in years	39 years
Number of units | Unit	178
Western U.S. [Member] | Multifamily Properties [Member] | 217-unit Multifamily property [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25
Initial Cost
Land	2.6
Building & Improvements	41.4
Costs Capitalized Subsequent to Acquisition
Improvements	1
Gross Balance at December 31, 2014
Land	2.5
Building & Improvements	40.2
Total	42.7
Accumulated Depreciation	$ (3.3)
Depreciable life in years	39 years
Number of units | Unit	217
Western U.S. [Member] | Multifamily Properties [Member] | 366-unit Apartment building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 53.3
Initial Cost
Land	9.1
Building & Improvements	36.3
Costs Capitalized Subsequent to Acquisition
Improvements	6
Gross Balance at December 31, 2014
Land	9.1
Building & Improvements	42.3
Total	51.4
Accumulated Depreciation	$ (4.1)
Depreciable life in years	39 years
Number of units | Unit	366
Western U.S. [Member] | Multifamily Properties [Member] | 204-unit Apartment building [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.9
Initial Cost
Land	5.3
Building & Improvements	20.2
Costs Capitalized Subsequent to Acquisition
Improvements	2.9
Gross Balance at December 31, 2014
Land	5.3
Building & Improvements	21.8
Total	27.1
Accumulated Depreciation	$ (7.1)
Depreciable life in years	39 years
Number of units | Unit	204
Western U.S. [Member] | Multifamily Properties [Member] | 203-Unit Multifamily Building, Constructed 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.3
Initial Cost
Land	2.6
Building & Improvements	23.8
Costs Capitalized Subsequent to Acquisition
Improvements	1.9
Gross Balance at December 31, 2014
Land	2.6
Building & Improvements	25.7
Total	28.3
Accumulated Depreciation	$ (1.2)
Depreciable life in years	39 years
Number of units | Unit	203
Western U.S. [Member] | Multifamily Properties [Member] | 542-Unit Multifamily Building, Constructed, 1987 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 77.2
Initial Cost
Land	38.3
Building & Improvements	57.5
Costs Capitalized Subsequent to Acquisition
Improvements	5.4
Gross Balance at December 31, 2014
Land	38.3
Building & Improvements	62.9
Total	101.2
Accumulated Depreciation	$ (2.7)
Depreciable life in years	39 years
Number of units | Unit	542
Western U.S. [Member] | Multifamily Properties [Member] | 576-Unit Multifamily Building, Constructed, 1986, 1996 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 32.5
Initial Cost
Land	8.7
Building & Improvements	49.2
Costs Capitalized Subsequent to Acquisition
Improvements	2.5
Gross Balance at December 31, 2014
Land	8.7
Building & Improvements	51.7
Total	60.4
Accumulated Depreciation	$ (1.9)
Depreciable life in years	39 years
Number of units | Unit	576
Western U.S. [Member] | Multifamily Properties [Member] | 240-Unit Multifamily Building, Constructed 1990 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 19.7
Initial Cost
Land	3.9
Building & Improvements	22.3
Costs Capitalized Subsequent to Acquisition
Improvements	1.2
Gross Balance at December 31, 2014
Land	3.9
Building & Improvements	23.5
Total	27.4
Accumulated Depreciation	$ (0.9)
Depreciable life in years	39 years
Number of units | Unit	240
Western U.S. [Member] | Multifamily Properties [Member] | 396-Unit Multifamily Building, Constructed, 1989, 1995 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 32.1
Initial Cost
Land	8.7
Building & Improvements	34.7
Costs Capitalized Subsequent to Acquisition
Improvements	1.9
Gross Balance at December 31, 2014
Land	8.7
Building & Improvements	36.6
Total	45.3
Accumulated Depreciation	$ (1.4)
Depreciable life in years	39 years
Number of units | Unit	396
Western U.S. [Member] | Multifamily Properties [Member] | 118-Unit Multifamily Building, Constructed, 1990 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.5
Initial Cost
Land	2.1
Building & Improvements	18.6
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2014
Land	2.1
Building & Improvements	19.2
Total	21.3
Accumulated Depreciation	$ (0.7)
Depreciable life in years	39 years
Number of units | Unit	118
Western U.S. [Member] | Multifamily Properties [Member] | 324-Unit Multifamily Building, Constructed 1996 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 17.2
Initial Cost
Land	3.2
Building & Improvements	28.6
Costs Capitalized Subsequent to Acquisition
Improvements	2.8
Gross Balance at December 31, 2014
Land	3.2
Building & Improvements	31.3
Total	34.5
Accumulated Depreciation	$ (1)
Depreciable life in years	39 years
Number of units | Unit	324
Western U.S. [Member] | Multifamily Properties [Member] | 280-Unit Multifamily Building, Constructed 2004, 2006 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 37.3
Initial Cost
Land	6
Building & Improvements	40.3
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2014
Land	6
Building & Improvements	40.9
Total	46.9
Accumulated Depreciation	$ (1.2)
Depreciable life in years	39 years
Number of units | Unit	280
Western U.S. [Member] | Multifamily Properties [Member] | 750-Unit Multifamily Building, Constructed 1987 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 61.9
Initial Cost
Land	22.1
Building & Improvements	78.2
Costs Capitalized Subsequent to Acquisition
Improvements	1.8
Gross Balance at December 31, 2014
Land	22.1
Building & Improvements	80
Total	102.1
Accumulated Depreciation	$ (2.2)
Depreciable life in years	39 years
Number of units | Unit	750
Western U.S. [Member] | Multifamily Properties [Member] | Condo, Constructed 2005 [Member]
Initial Cost
Building & Improvements	$ 0.2
Gross Balance at December 31, 2014
Building & Improvements	0.3
Total	$ 0.3
Depreciable life in years	39 years
Western U.S. [Member] | Multifamily Properties [Member] | 208-Unit Multifamily Building, Constructed 2004 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 37.7
Initial Cost
Land	9.3
Building & Improvements	37.3
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2014
Land	9.3
Building & Improvements	37.9
Total	47.2
Accumulated Depreciation	$ (0.7)
Depreciable life in years	39 years
Number of units | Unit	208
Western U.S. [Member] | Multifamily Properties [Member] | 1,008-Unit Multifamily Building, Constructed 1988 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 130.4
Initial Cost
Land	62.3
Building & Improvements	152.5
Costs Capitalized Subsequent to Acquisition
Improvements	1.5
Gross Balance at December 31, 2014
Land	62.3
Building & Improvements	154
Total	216.3
Accumulated Depreciation	$ (2)
Depreciable life in years	39 years
Number of units | Unit	1,008
Western U.S. [Member] | Multifamily Properties [Member] | 460-Unit Multifamily Building, Constructed 1988 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 47.1
Initial Cost
Land	13.2
Building & Improvements	53
Costs Capitalized Subsequent to Acquisition
Improvements	0.2
Gross Balance at December 31, 2014
Land	13.2
Building & Improvements	53.2
Total	66.4
Accumulated Depreciation	$ (0.4)
Depreciable life in years	39 years
Number of units | Unit	460
Western U.S. [Member] | Hotel [Member] | Hotel/condos constructed 2006 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29.2
Initial Cost
Land	9.8
Building & Improvements	95.3
Gross Balance at December 31, 2014
Land	14.6
Building & Improvements	80.5
Total	95.1
Accumulated Depreciation	$ (3.3)
Depreciable life in years	39 years
Western U.S. [Member] | Hotel [Member] | Hotel, Constructed 2001, 2008 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10.1
Initial Cost
Land	1.3
Building & Improvements	15.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	1.3
Building & Improvements	15.8
Total	17.1
Accumulated Depreciation	$ (0.5)
Depreciable life in years	39 years
Western U.S. [Member] | Residential Real Estate [Member] | Single family home [Member]
Initial Cost
Land	$ 4.1
Building & Improvements	4.2
Gross Balance at December 31, 2014
Land	4.5
Building & Improvements	4.3
Total	8.8
Accumulated Depreciation	$ (0.7)
Depreciable life in years	39 years
Western U.S. [Member] | Land [Member] | 2700 acres [Member]
Initial Cost
Land	$ 31.8
Building & Improvements	3.7
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2014
Land	37
Building & Improvements	4.4
Total	41.4
Accumulated Depreciation	$ (1)
Area of real estate property | a	2,700
Western U.S. [Member] | Land [Member] | 2.39 Acre Multifamily Site [Member]
Initial Cost
Land	$ 7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	7
Building & Improvements	0
Total	7
Accumulated Depreciation	$ 0
Area of real estate property | a	2.39
Western U.S. [Member] | Land [Member] | 40 Acre Lot [Member]
Initial Cost
Land	$ 1.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	1.6
Building & Improvements	0
Total	1.6
Accumulated Depreciation	$ 0
Area of real estate property | a	40
Spain [Member] | Commercial [Member] | Retail Portfolio, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	23.6
Building & Improvements	66
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	23.2
Building & Improvements	65
Total	88.2
Accumulated Depreciation	$ (0.5)
Depreciable life in years	39 years
Spain [Member] | Commercial [Member] | Retail, Constructed 1995 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	27.1
Building & Improvements	46.2
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	27
Building & Improvements	46
Total	73
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Spain [Member] | Residential Real Estate [Member] | Residential Development, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3.4
Initial Cost
Land	0
Building & Improvements	6.4
Costs Capitalized Subsequent to Acquisition
Improvements	1.2
Gross Balance at December 31, 2014
Land	0
Building & Improvements	7
Total	7
Accumulated Depreciation	0
Spain [Member] | Residential Real Estate [Member] | Residential Development, Constructed 1900 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Building & Improvements	9.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2014
Land	0
Building & Improvements	8.8
Total	8.8
Accumulated Depreciation	0
Spain [Member] | Residential Real Estate [Member] | Residential Development, Constructed 1880 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Building & Improvements	34.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0
Building & Improvements	32.6
Total	32.6
Accumulated Depreciation	0
United Kingdom [Member] | Commercial [Member] | Commercial Portfolio 1, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	149.9
Initial Cost
Land	88.6
Building & Improvements	219.3
Costs Capitalized Subsequent to Acquisition
Improvements	10.3
Gross Balance at December 31, 2014
Land	65.5
Building & Improvements	171.1
Total	236.6
Accumulated Depreciation	$ (7.3)
Depreciable life in years	39 years
United Kingdom [Member] | Commercial [Member] | Commercial Portfolio 2, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 259.7
Initial Cost
Land	106.4
Building & Improvements	351
Costs Capitalized Subsequent to Acquisition
Improvements	4.2
Gross Balance at December 31, 2014
Land	85.7
Building & Improvements	301.3
Total	387
Accumulated Depreciation	$ (11.1)
Depreciable life in years	39 years
United Kingdom [Member] | Commercial [Member] | Commercial Building, Constructed 2003 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	85.3
Building & Improvements	232
Costs Capitalized Subsequent to Acquisition
Improvements	4.3
Gross Balance at December 31, 2014
Land	79.2
Building & Improvements	219.7
Total	298.9
Accumulated Depreciation	$ (6.9)
Depreciable life in years	39 years
United Kingdom [Member] | Commercial [Member] | Commercial Building, Constructed 2010 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 78.2
Initial Cost
Land	8.3
Building & Improvements	148.3
Costs Capitalized Subsequent to Acquisition
Improvements	17.9
Gross Balance at December 31, 2014
Land	7.4
Building & Improvements	149.5
Total	156.9
Accumulated Depreciation	$ (5.6)
Depreciable life in years	39 years
United Kingdom [Member] | Commercial [Member] | Commercial Portfolio 1, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 488.4
Initial Cost
Land	276.1
Building & Improvements	421.7
Costs Capitalized Subsequent to Acquisition
Improvements	0.2
Gross Balance at December 31, 2014
Land	257.7
Building & Improvements	381.5
Total	639.2
Accumulated Depreciation	$ (8.5)
Depreciable life in years	39 years
United Kingdom [Member] | Commercial [Member] | Commercial Portfolio 2, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	104.4
Building & Improvements	178.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	98.8
Building & Improvements	169.1
Total	267.9
Accumulated Depreciation	$ (1.8)
Depreciable life in years	39 years
United Kingdom [Member] | Multifamily Properties [Member] | 294-Unit Multifamily Building, Constructed 2012 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	22.1
Building & Improvements	84
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	22.1
Building & Improvements	84
Total	106.1
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Number of units | Unit	294
United Kingdom [Member] | Hotel [Member] | Hotel and Golf Course, Constructed 2001, 2008 [Member]
Initial Cost
Land	$ 12.2
Building & Improvements	37.3
Costs Capitalized Subsequent to Acquisition
Improvements	1.1
Gross Balance at December 31, 2014
Land	10.8
Building & Improvements	35.1
Total	45.9
Accumulated Depreciation	$ (1.1)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commerical building, constructed 1840, 2000 [Member]
Initial Cost
Land	$ 0.7
Building & Improvements	0.5
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0.6
Building & Improvements	0.4
Total	1
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Portfolio 3, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 286.7
Initial Cost
Land	111.7
Building & Improvements	401.4
Costs Capitalized Subsequent to Acquisition
Improvements	20.9
Gross Balance at December 31, 2014
Land	89.4
Building & Improvements	342.3
Total	431.7
Accumulated Depreciation	$ (12.1)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 2003 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.6
Building & Improvements	9.8
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0.6
Building & Improvements	9.5
Total	10.1
Accumulated Depreciation	$ (0.1)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 1997 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14.3
Initial Cost
Land	6.9
Building & Improvements	18.3
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2014
Land	5.4
Building & Improvements	14.8
Total	20.2
Accumulated Depreciation	$ (0.6)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 2009 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 79.3
Initial Cost
Land	48.6
Building & Improvements	131.1
Costs Capitalized Subsequent to Acquisition
Improvements	0.4
Gross Balance at December 31, 2014
Land	6.9
Building & Improvements	103.8
Total	110.7
Accumulated Depreciation	$ (4.5)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 2010 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	9.4
Building & Improvements	28.3
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	9.2
Building & Improvements	27.6
Total	36.8
Accumulated Depreciation	$ (0.3)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building 3, Constructed 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	11.1
Building & Improvements	40.1
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	10.6
Building & Improvements	35.1
Total	45.7
Accumulated Depreciation	$ (0.8)
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 1998 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.7
Building & Improvements	6.8
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0.7
Building & Improvements	6.5
Total	7.2
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Building, Constructed 2001 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.8
Building & Improvements	5.1
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0.8
Building & Improvements	4.9
Total	5.7
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Ireland [Member] | Commercial [Member] | Commercial Portfolio 3, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	1.8
Building & Improvements	9.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	1.8
Building & Improvements	9.7
Total	11.5
Accumulated Depreciation	$ 0
Depreciable life in years	39 years
Ireland [Member] | Multifamily Properties [Member] | 81-Unit Multifamily Building, Constructed 2009 [Member]
Initial Cost
Land	$ 4.8
Building & Improvements	15
Gross Balance at December 31, 2014
Land	3.9
Building & Improvements	12.2
Total	16.1
Accumulated Depreciation	$ (0.5)
Depreciable life in years	39 years
Number of units | Unit	81
Ireland [Member] | Multifamily Properties [Member] | 272-Unit Multifamily Building, Constructed 2008 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 51.5
Initial Cost
Land	32.7
Building & Improvements	81.5
Costs Capitalized Subsequent to Acquisition
Improvements	41.5
Gross Balance at December 31, 2014
Land	25.8
Building & Improvements	105.9
Total	131.7
Accumulated Depreciation	$ (3)
Depreciable life in years	39 years
Number of units | Unit	272
Ireland [Member] | Multifamily Properties [Member] | 26-Unit Multifamily Building, Constructed 2009 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7.6
Initial Cost
Land	0.6
Building & Improvements	14.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.5
Gross Balance at December 31, 2014
Land	0.5
Building & Improvements	12.5
Total	13
Accumulated Depreciation	$ (0.5)
Depreciable life in years	39 years
Number of units | Unit	26
Ireland [Member] | Multifamily Properties [Member] | 210-Unit Multifamily Building, Constructed 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 41.7
Initial Cost
Land	12.2
Building & Improvements	61.6
Costs Capitalized Subsequent to Acquisition
Improvements	1.5
Gross Balance at December 31, 2014
Land	9.7
Building & Improvements	49.2
Total	58.9
Accumulated Depreciation	$ (2.1)
Depreciable life in years	39 years
Number of units | Unit	210
Ireland [Member] | Multifamily Properties [Member] | 118-Unit Multifamily Unit, Constructed 2007 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 24.9
Initial Cost
Land	11
Building & Improvements	36.1
Costs Capitalized Subsequent to Acquisition
Improvements	1.9
Gross Balance at December 31, 2014
Land	8.7
Building & Improvements	30.4
Total	39.1
Accumulated Depreciation	$ (1.5)
Depreciable life in years	39 years
Number of units | Unit	118
Ireland [Member] | Multifamily Properties [Member] | 423-Unit Multifamily Building, Constructed 2008 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 68.7
Initial Cost
Land	17.9
Building & Improvements	105
Costs Capitalized Subsequent to Acquisition
Improvements	20
Gross Balance at December 31, 2014
Land	14.2
Building & Improvements	99.7
Total	113.9
Accumulated Depreciation	$ (3.5)
Depreciable life in years	39 years
Number of units | Unit	423
Ireland [Member] | Hotel [Member] | Hotel and Golf Course, Constructed 1894, 1995 [Member]
Initial Cost
Land	$ 6.8
Building & Improvements	30.6
Costs Capitalized Subsequent to Acquisition
Improvements	2.3
Gross Balance at December 31, 2014
Land	5.4
Building & Improvements	26.8
Total	32.2
Accumulated Depreciation	$ (1.6)
Depreciable life in years	39 years
Ireland [Member] | Hotel [Member] | Hotel, Constructed 1824, 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 78.2
Initial Cost
Land	54
Building & Improvements	114.3
Costs Capitalized Subsequent to Acquisition
Improvements	3.3
Gross Balance at December 31, 2014
Land	45.2
Building & Improvements	101.2
Total	146.4
Accumulated Depreciation	$ (3.5)
Depreciable life in years	39 years
Ireland [Member] | Residential Real Estate [Member] | Residential Development, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.5
Building & Improvements	3.4
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	0.5
Building & Improvements	5.9
Total	6.4
Accumulated Depreciation	0
Ireland [Member] | Residential Real Estate [Member] | Mixed Use Development, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	46.2
Building & Improvements	0.6
Costs Capitalized Subsequent to Acquisition
Improvements	7.8
Gross Balance at December 31, 2014
Land	41.1
Building & Improvements	7.8
Total	48.9
Accumulated Depreciation	0
Japan [Member] | Commercial [Member] | Commerical building, constructed 2007 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2
Initial Cost
Land	4
Building & Improvements	3.2
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	3.4
Building & Improvements	2.7
Total	6.1
Accumulated Depreciation	$ (1.1)
Depreciable life in years	37 years
Italy [Member] | Commercial [Member] | Commercial Portfolio 4, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	47.5
Building & Improvements	135.1
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2014
Land	47
Building & Improvements	133.7
Total	180.7
Accumulated Depreciation	$ 0
Depreciable life in years	39 years

Schedule III - Real Estate a111

Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at the beginning of period	$ 4,067.1	$ 684.6	$ 296.8
Additions during the period:
Acquisitions through foreclosure	99.3	35.9	0
Other acquisitions	1,473.1	2,201.9	286.3
Improvements	168.1	55.8	8.9
Consolidations	602.1	1,449.7	105.1
Foreign Currency	(270.3)	(262.4)	0
Deductions during the period:
Cost of real estate sold	(515.2)	(98.4)	(12.5)
Balance at close of period	$ 5,624.2	$ 4,067.1	$ 684.6

Schedule III - Real Estate a112

Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at the beginning of period	$ 61.9	$ 15.8	$ 7.4
Additions during the period:
Depreciation expense	88.1	46.5	8.4
Deductions during the period:
Dispositions	(7.8)	0	0
Foreign Currency	(3.1)	(0.4)	0
Balance at close of period	$ 139.1	$ 61.9	$ 15.8

Schedule IV - Mortgage Loans113

Schedule IV - Mortgage Loans on Real Estate - (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)aUnit	Dec. 31, 2014USD ($)
Mortgage Loans on Real Estate [Line Items]
Carrying Amount December 31, 2015	$ 4,400	$ 3,000
Investment Debt [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	3,544.7
Debt face value	3,663.6
Carrying Amount December 31, 2015	3,658.2	2,195.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Amount December 31, 2015	2,102.2	$ 861.7
Investment Debt [Member] | Industrial Land [Member] | Industrial/Land Prime Plus 1% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	2.1
Debt face value	2.1
Carrying Amount December 31, 2015	2.1
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Industrial Land [Member] | Prime Rate [Member] | Industrial/Land Prime Plus 1% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.00%
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 6.75% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	6.75%
Balloon Amount	$ 12
Debt face value	12
Carrying Amount December 31, 2015	12
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2017 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	25.4
Debt face value	27.5
Carrying Amount December 31, 2015	27.5
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2017 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	58.5
Debt face value	61.6
Carrying Amount December 31, 2015	61.6
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	27.3
Debt face value	35
Carrying Amount December 31, 2015	35
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1-Month LIBOR Plus 2.25% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	24.9
Debt face value	30
Carrying Amount December 31, 2015	30
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1-Month LIBOR Plus 2.25% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	30
Debt face value	34.9
Carrying Amount December 31, 2015	34.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 1.77% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	1.77%
Balloon Amount	$ 2
Debt face value	2
Carrying Amount December 31, 2015	2
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 3-Month EURIBOR Plus 1.95% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	14.3
Debt face value	14.3
Carrying Amount December 31, 2015	14.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Building [Member] | Commercial Building 2.59% Due 2024 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.59%
Balloon Amount	$ 79.3
Debt face value	79.3
Carrying Amount December 31, 2015	79.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Building [Member] | 1 Mon LIBOR Rate [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2017 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.00%
Investment Debt [Member] | Commercial Building [Member] | 1 Mon LIBOR Rate [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2017 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.00%
Investment Debt [Member] | Commercial Building [Member] | 1 Mon LIBOR Rate [Member] | Commercial Building 1-Month LIBOR Plus 2.00% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.00%
Investment Debt [Member] | Commercial Building [Member] | 1 Mon LIBOR Rate [Member] | Commercial Building 1-Month LIBOR Plus 2.25% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.25%
Investment Debt [Member] | Commercial Building [Member] | 1 Mon LIBOR Rate [Member] | Commercial Building 1-Month LIBOR Plus 2.25% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.25%
Investment Debt [Member] | Commercial Building [Member] | 3 Mon EURIBOR [Member] | Commercial Building 3-Month EURIBOR Plus 1.95% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.95%
Investment Debt [Member] | Retail [Member] | Retail 4.79% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.79%
Balloon Amount	$ 3.5
Debt face value	3.8
Carrying Amount December 31, 2015	3.8
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.01% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.01%
Balloon Amount	$ 12.7
Debt face value	13.3
Carrying Amount December 31, 2015	13.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.41% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.41%
Balloon Amount	$ 4.9
Debt face value	5.2
Carrying Amount December 31, 2015	5.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 5.00% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.00%
Balloon Amount	$ 16.1
Debt face value	17.4
Carrying Amount December 31, 2015	17.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.38% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.38%
Balloon Amount	$ 3.5
Debt face value	4
Carrying Amount December 31, 2015	4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.10% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.10%
Balloon Amount	$ 10.6
Debt face value	11.8
Carrying Amount December 31, 2015	11.8
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 5.75% Mortgage Payable Due 2023 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.75%
Balloon Amount	$ 6.2
Debt face value	7.7
Carrying Amount December 31, 2015	7.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 5.00% Mortgage Payable Due 2023 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.00%
Balloon Amount	$ 6
Debt face value	7.1
Carrying Amount December 31, 2015	7.1
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.73% Mortgage Payable Due 2024 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.73%
Balloon Amount	$ 4.5
Debt face value	5.8
Carrying Amount December 31, 2015	5.8
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 4.36% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.36%
Balloon Amount	$ 4.3
Debt face value	5.6
Carrying Amount December 31, 2015	5.6
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Retail [Member] | Retail 1.32% Plus 1.50% Margin Mortgage Payable Due 2025 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.82%
Balloon Amount	$ 78.2
Debt face value	78.2
Carrying Amount December 31, 2015	78.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 2.50% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	145.9
Debt face value	145.9
Carrying Amount December 31, 2015	145.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 1.90% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	149.9
Debt face value	149.9
Carrying Amount December 31, 2015	149.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 1.80% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	259.7
Debt face value	259.7
Carrying Amount December 31, 2015	259.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 2.90% Mortgage Payable Due 2020 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.90%
Balloon Amount	$ 104.2
Debt face value	104.2
Carrying Amount December 31, 2015	104.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 2.91% Mortgage Payable Due 2023 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.91%
Balloon Amount	$ 238.3
Debt face value	238.3
Carrying Amount December 31, 2015	238.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Investment Debt [Member] | Commercial Portfolio [Member] | Commercial Portfolio 3-Month EURIBOR Plus 2.125% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	286.7
Debt face value	286.7
Carrying Amount December 31, 2015	286.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Commercial Portfolio [Member] | 3 Mon GBP LIBOR Rate [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 2.50% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.50%
Investment Debt [Member] | Commercial Portfolio [Member] | 3 Mon GBP LIBOR Rate [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 1.90% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.90%
Investment Debt [Member] | Commercial Portfolio [Member] | 3 Mon GBP LIBOR Rate [Member] | Commercial Portfolio 3-Month GBP LIBOR Plus 1.80% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	1.80%
Investment Debt [Member] | Commercial Portfolio [Member] | 3 Mon EURIBOR [Member] | Commercial Portfolio 3-Month EURIBOR Plus 2.125% Mortgage Payable Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.125%
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 1,008 Unit 5.25% Mortgage Payable Due 2017 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.25%
Balloon Amount	$ 90.4
Debt face value	92.7
Carrying Amount December 31, 2015	94.8
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	1,008
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 204 Unit 4.19% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.19%
Balloon Amount	$ 13.1
Debt face value	13.9
Carrying Amount December 31, 2015	13.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	204
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 460 Unit 4.07% Mortgage Payable Due 2018 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.07%
Balloon Amount	$ 31.8
Debt face value	33.7
Carrying Amount December 31, 2015	33.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	460
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 576 Unit 4.25% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.25%
Balloon Amount	$ 30.2
Debt face value	32
Carrying Amount December 31, 2015	32.5
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	576
Investment Debt [Member] | Multifamily Properties [Member] | Multifaily 240 Unit 4.25% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.25%
Balloon Amount	$ 18.3
Debt face value	19.4
Carrying Amount December 31, 2015	19.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	240
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 396 Unit 4.25% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.25%
Balloon Amount	$ 29.8
Debt face value	31.6
Carrying Amount December 31, 2015	32.1
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	396
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 615 Unit 4.31% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.31%
Balloon Amount	$ 60.3
Debt face value	67.1
Carrying Amount December 31, 2015	68.8
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	615
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 615 Unit 4.64% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.64%
Balloon Amount	$ 16.8
Debt face value	18.5
Carrying Amount December 31, 2015	19.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	615
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 615 Unit 4.44% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.44%
Balloon Amount	$ 29.4
Debt face value	32.1
Carrying Amount December 31, 2015	32.1
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	615
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 460 Unit 1-Month LIBOR Plus 3.24% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 12.1
Debt face value	13.4
Carrying Amount December 31, 2015	13.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	460
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 203 Unit 1-Month LIBOR Plus 1.73% Due 2021 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 11.9
Debt face value	13.3
Carrying Amount December 31, 2015	13.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	203
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 118 Unit 1-Month LIBOR Plus 1.74% Mortgage Payable Due 2021 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 13.5
Debt face value	13.5
Carrying Amount December 31, 2015	13.5
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	118
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 217 Unit 3.35% Mortgage Payable Due 2023 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.35%
Balloon Amount	$ 21
Debt face value	25
Carrying Amount December 31, 2015	25
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	217
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 450 Unit 3.58% Mortgage Payable Due 2023 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.58%
Balloon Amount	$ 41.2
Debt face value	49.2
Carrying Amount December 31, 2015	49.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	450
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 750 Unit 3.73% Mortgage Payable Due 2023 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.73%
Balloon Amount	$ 51.7
Debt face value	61.6
Carrying Amount December 31, 2015	61.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	750
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 542 Unit 3.78% Mortgage Payable Due 2024 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.78%
Balloon Amount	$ 69.9
Debt face value	77.2
Carrying Amount December 31, 2015	77.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	542
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 366 Unit 3.24% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.24%
Balloon Amount	$ 47.8
Debt face value	53.3
Carrying Amount December 31, 2015	53.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	366
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 324 Unit 5.30% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.30%
Balloon Amount	$ 13.8
Debt face value	15.2
Carrying Amount December 31, 2015	17.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	324
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 280 Unit 3.59% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.59%
Balloon Amount	$ 32.9
Debt face value	37.3
Carrying Amount December 31, 2015	37.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	280
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 208 Unit 3.77% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.77%
Balloon Amount	$ 34.1
Debt face value	37.7
Carrying Amount December 31, 2015	37.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	208
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 1,008 Unit 1-Month LIBOR Plus 2.42% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 29.2
Debt face value	35.6
Carrying Amount December 31, 2015	35.6
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	1,008
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 297 Unit 4.93% Mortgage Payable Due 2026 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	4.93%
Balloon Amount	$ 19
Debt face value	22.4
Carrying Amount December 31, 2015	22.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	297
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 178 Unit 3.74% Mortgage Payable Due 2027 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.74%
Balloon Amount	$ 31.4
Debt face value	31.4
Carrying Amount December 31, 2015	31.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	178
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 26 Unit 3-Month EURIBOR Plus 4% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 7.6
Debt face value	7.6
Carrying Amount December 31, 2015	7.6
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	26
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 272 Unit 3-Month EURIBOR Plus Margin Due 2019 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 49.4
Debt face value	51.5
Carrying Amount December 31, 2015	51.5
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	272
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 210 Unit 2.57% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.57%
Balloon Amount	$ 41.7
Debt face value	41.7
Carrying Amount December 31, 2015	41.7
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	210
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 118 2.57% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.57%
Balloon Amount	$ 24.9
Debt face value	24.9
Carrying Amount December 31, 2015	24.9
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	118
Investment Debt [Member] | Multifamily Properties [Member] | Multifamily 423 Unit 2.57% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.57%
Balloon Amount	$ 61.4
Debt face value	61.4
Carrying Amount December 31, 2015	61.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of units | Unit	423
Investment Debt [Member] | Multifamily Properties [Member] | 1 Mon LIBOR Rate [Member] | Multifamily 460 Unit 1-Month LIBOR Plus 3.24% Mortgage Payable Due 2020 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	3.24%
Investment Debt [Member] | Multifamily Properties [Member] | 1 Mon LIBOR Rate [Member] | Multifamily 203 Unit 1-Month LIBOR Plus 1.73% Due 2021 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.73%
Investment Debt [Member] | Multifamily Properties [Member] | 1 Mon LIBOR Rate [Member] | Multifamily 118 Unit 1-Month LIBOR Plus 1.74% Mortgage Payable Due 2021 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.74%
Investment Debt [Member] | Multifamily Properties [Member] | 1 Mon LIBOR Rate [Member] | Multifamily 1,008 Unit 1-Month LIBOR Plus 2.42% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	2.42%
Investment Debt [Member] | Multifamily Properties [Member] | 3 Mon EURIBOR [Member] | Multifamily 26 Unit 3-Month EURIBOR Plus 4% Mortgage Payable Due 2019 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	4.00%
Investment Debt [Member] | Hotel [Member] | Hotel 3-Month LIBOR Plus 3.00% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 10.1
Debt face value	10.1
Carrying Amount December 31, 2015	10.1
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Hotel [Member] | Hotel 3.88% Mortgage Payable Due 2025 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.88%
Balloon Amount	$ 78.2
Debt face value	78.2
Carrying Amount December 31, 2015	78.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Hotel [Member] | 3 Mon LIBOR Rate [Member] | Hotel 3-Month LIBOR Plus 3.00% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	3.00%
Investment Debt [Member] | Land [Member] | 18 Acres Prime Plus 1.00% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Balloon Amount	$ 1.6
Debt face value	1.6
Carrying Amount December 31, 2015	1.6
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Number of acres of real estate property | a	18
Investment Debt [Member] | Land [Member] | Prime Rate [Member] | 18 Acres Prime Plus 1.00% Mortgage Payable Due 2016 [Member]
Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as percent)	1.00%
Investment Debt [Member] | Hotel/Condominium [Member] | Hotel Condominium Units 5.00% Mortgage Payable Due 2021 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	5.00%
Balloon Amount	$ 25.6
Debt face value	29.2
Carrying Amount December 31, 2015	29.2
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Development Project [Member] | Development Project 2.92% Mortgage Payable Due 2037 [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.92%
Balloon Amount	$ 7.3
Debt face value	7.3
Carrying Amount December 31, 2015	7.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Development Project [Member] | Development Project 2.92% Mortgage Payable Due 2037 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	2.92%
Balloon Amount
Debt face value	$ 3.4
Carrying Amount December 31, 2015	3.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Corporate [Member] | Corporate 3.35% Mortgage Payable Due 2022 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.35%
Balloon Amount	$ 442
Debt face value	442
Carrying Amount December 31, 2015	435.4
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0
Investment Debt [Member] | Corporate [Member] | Corporate 3.25% Mortgage Payable Due 2025 [Member] | Kennedy Wilson Europe Real Estate, Pllc [Member]
Mortgage Loans on Real Estate [Line Items]
Interest rate (as a percent)	3.25%
Balloon Amount	$ 434.3
Debt face value	434.3
Carrying Amount December 31, 2015	427.3
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0

Schedule IV - Mortgage Loans114

Schedule IV - Mortgage Loans on Real Estate - Mortgage Loans on Real Estate Activity (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance - December 31, 2014	$ 2,195.9
New mortgage loans	2,052.5
Other additions	178.6
Amortization of mortgage premium	(8.8)
Payments of principal	(390.2)
Foreclosures	0
Loan loss reserve	0
Foreign currency gain (loss)	(143.6)
Other deductions	(226.2)
Balance - December 31, 2015	$ 3,658.2