Kennedy-Wilson (KW) 10-K 28 Feb 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 24, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-33824
Entity Registrant Name	Kennedy-Wilson Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0508760
Entity Address, Address Line One	151 S El Camino Drive
Entity Address, City or Town	Beverly Hills,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90212
City Area Code	310
Local Phone Number	887-6400
Title of 12(b) Security	Common Stock, $.0001 par value
Trading Symbol	KW
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 2,305,309,870
Entity Common Stock, Shares Outstanding		142,169,995
Documents Incorporated by Reference	Part III of this report incorporates certain information by reference from the registrant’s definitive proxy statement for the annual meeting of stockholders to be held on or around June 11, 2020, which proxy statement will be filed no later than 120 days after the close of the registrant’s fiscal year ended December 31, 2019 .
Entity Central Index Key	0001408100
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents		$ 573.9	$ 488
Accounts receivable (including $11.2 and $4.2 of related party)		52.1	56.6
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $703.2 and $623.6)		5,080.2	5,702.5
Unconsolidated investments (including $1,107.4 and $662.2 at fair value)		1,334.6	859.9
Other assets		263.7	274.8
Total assets	[1]	7,304.5	7,381.8
Liabilities
Accounts payable		20.4	24.1
Accrued expenses and other liabilities		518	513.7
Total liabilities	[1]	5,585.3	5,950.6
Equity
Series A cumulative preferred stock, $0.0001 par value, $1,000 per share liquidation preference, 1,000,000 shares authorized, 300,000 shares outstanding as of December 31, 2019		295.2	0
Common Stock, $0.001 par value, 200,000,000 authorized, 142,283,109 and 143,205,394 shares issued outstanding as of December 31, 2019 and December 31, 2018		0	0
Additional paid-in capital - common		1,754.5	1,744.6
Retained earnings (accumulated deficit)		46.2	(56.4)
Accumulated other comprehensive loss		(417.2)	(441.5)
Total Kennedy-Wilson Holdings, Inc. shareholders’ equity		1,678.7	1,246.7
Noncontrolling interests		40.5	184.5
Total equity		1,719.2	1,431.2
Total liabilities and equity		7,304.5	7,381.8
Mortgage debt [Member]
Liabilities
Debt		2,641	2,950.3
KW unsecured debt [Member]
Liabilities
Debt		1,131.7	1,202
KWE unsecured bonds [Member]
Liabilities
Debt		$ 1,274.2	$ 1,260.5
[1]	The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Assets
Related party accounts receivable		$ 11.2	$ 4.2
Fair value of unconsolidated investments		1,107.4	662.6
Accumulated deprecation and amortization		703.2	623.6
Assets	[1]	7,304.5	7,381.8
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		5,080.2	5,702.5
Liabilities
Liabilities	[1]	$ 5,585.3	$ 5,950.6
Stockholders' Equity Attributable to Parent [Abstract]
Cumulative preferred stock, par value (in dollars per shares)		$ 0.0001
Cumulative preferred stock, shares authorized (in shares)		1,000,000
Cumulative preferred stock, liquidation preference (in dollars per share)		$ 1,000
Cumulative preferred stock, shares outstanding (in shares)		300,000
Common stock par value (in dollars per share)		$ 0.001	$ 0.001
Common stock authorized (in shares)		200,000,000	200,000,000
Common stock issued (in shares)		142,283,109	143,205,394
Common stock outstanding (in shares)		142,283,109	143,205,394
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Assets		$ 267.5	$ 657.8
Cash held by consolidated investments		10.3	31.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		243.5	602.5
Liabilities
Liabilities		219.7	317.4
Variable Interest Entity, Primary Beneficiary [Member] | Investment Debt [Member]
Liabilities
Debt		$ 206	$ 283.6
[1]	The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total revenue	$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	$ 569.7	$ 772.4	$ 801.8
Expenses
General and administrative									42.4	50.8	42.2
Depreciation and amortization									187.6	206.1	212.5
Total expenses	155	147.9	143.8	153.1	187.8	177.2	212.5	188.9	599.8	766.4	770.8
Income from unconsolidated investments, net of depreciation and amortization	177.9	34.5	162.2	18	66.3	11.2	190.9	(5.4)	179.7	78.7	77.8
Gain on sale of real estate, net									434.4	371.8	226.7
Gain on sale of business									0	40.4	0
Acquisition-related expenses									(6.8)	(1.7)	(4.4)
Interest expense									(215.1)	(238.2)	(217.7)
Other income									0.4	13.1	8.3
Income before (provision for) benefit from income taxes	165.2	29.6	162.1	5.6	57.2	19.8	196.7	(3.6)	362.5	270.1	121.7
(Provision for) benefit from income taxes	(6.3)	(10.2)	(20.9)	(4)	(24.3)	(6.9)	(29.4)	2.6	(41.4)	(58)	16.3
Net income	158.9	19.4	141.2	1.6	32.9	12.9	167.3	(1)	321.1	212.1	138
Net income attributable to the noncontrolling interests	1.6	1.3	(90.4)	(6.9)	(2.2)	(0.8)	(57.7)	(1.4)	(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs	(2.6)	0	0	0					(2.6)	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 157.9	$ 20.7	$ 50.8	$ (5.3)	$ 30.7	$ 12.1	$ 109.6	$ (2.4)	$ 224.1	$ 150	$ 100.5
Basic Earnings per share
Income per basic (in dollars per share)	$ 1.13	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	$ 1.60	$ 1.04	$ 0.83
Weighted average shares outstanding for basic (in shares)									139,729,573	142,895,472	119,147,192
Diluted Earnings per share
Income per diluted (in dollars per share)	$ 1.12	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	$ 1.58	$ 1.04	$ 0.83
Weighted average shares outstanding for diluted (in shares)									141,501,323	144,753,421	119,147,192
Dividends declared per common share (in dollars per share)									$ 0.85	$ 0.78	$ 0.70
Rental [Member]
Total revenue									$ 447.4	$ 514.6	$ 504.7
Expenses
Cost of goods sold									152.9	160.8	151.2
Hotel [Member]
Total revenue									80.5	155.7	127.5
Expenses
Cost of goods sold									60.1	121.5	100.3
Sale of real estate [Member]
Total revenue									1.1	56.8	111.5
Expenses
Cost of goods sold									1.2	52.5	80.2
Investment management, property services and research fees [Member]
Total revenue									40.7	45.3	42.9
Loan purchases, loan originations, and other [Member]
Total revenue									0	0	15.2
Commission and marketing [Member]
Expenses
Cost of goods sold									3.8	5.9	7.2
Compensation and related [Member]
Expenses
Cost of goods sold									$ 151.8	$ 168.8	$ 177.2

Consolidated Statements of In_2

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Investment management, property services, and research fees— related party	$ 26.1	$ 15.3	$ 12
Share-based compensation	$ 30.2	$ 37.1	$ 38.2

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net income	$ 212.1	$ 138
Other comprehensive income, net of tax:
Unrealized gain on marketable securities	0	0.2
Unrealized foreign currency translation (loss) gain	(62.6)	155.3
Amounts reclassified out of AOCI during the year	13.2	2
Unrealized currency derivative contracts gain (loss)	38.3	(68.3)
Total other comprehensive income (loss) for the year	(11.1)	89.2
Comprehensive income	201	227.2
Comprehensive income attributable to noncontrolling interests	(65.4)	(124.2)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.	135.6	103
Foreign Exchange Contract [Member]
Other comprehensive income, net of tax:
Unrealized currency derivative contracts gain (loss)	38.3	(68.3)
Interest Rate Swap [Member]
Other comprehensive income, net of tax:
Unrealized currency derivative contracts gain (loss)	$ 0	$ 0

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 Loss [Member]	Noncontrolling Interests [Member]	Foreign Exchange Contract [Member]	Foreign Exchange Contract [Member]Accumulated Other Comprehensive Loss [Member]	Foreign Exchange Contract [Member]Noncontrolling Interests [Member]	Interest Rate Swap [Member]	Interest Rate Swap [Member]Accumulated Other Comprehensive Loss [Member]
Balance, beginning of period, preferred shares (in shares) at Dec. 31, 2016		0
Balance at beginning of period at Dec. 31, 2016	$ 2,343.1	$ 0	$ 0	$ 1,231.4	$ (112.2)	$ (71.2)	$ 1,295.1
Balance, beginning of period, common shares (in shares) at Dec. 31, 2016			115,740,906
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance (in shares)			37,226,695
Stock issuance	(823.2)			680.7		(358.4)	(1,145.5)
Shares forfeited (in shares)			(57,000)
Restricted stock grants (RSG) (in shares)			1,756,750
Shares retired due to RSG Vesting (in shares)			(1,460,251)
Shares retired due to RSG Vesting	(37.9)			(37.9)
Shares retired due to common stock repurchase program (in shares)			(1,645,816)
Shares retired due to common stock repurchase program	(29.9)			(29.1)	(0.8)
Stock based compensation	38.2			38.2
Other comprehensive income (loss):
Unrealized foreign currency translation (losses) gains, net of tax	158.4					52	106.4
Unrealized foreign currency derivative contract gain, net of tax								$ (69.4)	$ (49.7)	$ (19.7)
Unrealized losses on marketable securities	0.2					0.2
Common stock dividends	(87.4)				(87.4)
Net income	138				100.5		37.5
Acquisition of Kennedy Wilson Europe (KWE) shares from noncontrolling interest holders	(3.3)						(3.3)
Contributions from noncontrolling interests, excluding KWE	47.4						47.4
Distributions to noncontrolling interests	(106)						(106)
Balance, end of period, preferred shares (in shares) at Dec. 31, 2017		0
Balance at end of period at Dec. 31, 2017	1,577.5	$ 0	$ 0	1,883.3	(90.6)	(427.1)	211.9
Balance, end of period, common shares (in shares) at Dec. 31, 2017			151,561,284
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares forfeited (in shares)			(30,100)
Restricted stock grants (RSG) (in shares)			1,524,383
Shares retired due to RSG Vesting (in shares)			(486,032)
Shares retired due to RSG Vesting	(8.8)			(8.8)
Shares retired due to common stock repurchase program (in shares)			(9,364,141)
Shares retired due to common stock repurchase program			$ (169.1)	(167)	(2.1)
Stock based compensation	37.1			37.1
Other comprehensive income (loss):
Unrealized foreign currency translation (losses) gains, net of tax	(44.2)					(47.5)	3.3
Unrealized foreign currency derivative contract gain, net of tax								33.2	33.2
Unrealized losses on marketable securities	(0.1)					(0.1)	0
Common stock dividends	(113.7)				(113.7)
Net income	212.1				150		62.1
Contributions from noncontrolling interests, excluding KWE	23.2						23.2
Distributions to noncontrolling interests	(116)						(116)
Balance, end of period, preferred shares (in shares) at Dec. 31, 2018		0
Balance at end of period at Dec. 31, 2018	$ 1,431.2	$ 0	$ 0	1,744.6	(56.4)	(441.5)	184.5
Balance, end of period, common shares (in shares) at Dec. 31, 2018	143,205,394		143,205,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance (in shares)		300,000
Stock issuance	$ 295.2	$ 295.2
Restricted stock grants (RSG) (in shares)			64,458
Shares retired due to RSG Vesting (in shares)			(764,909)
Shares retired due to RSG Vesting	(16.4)			(16.4)
Shares retired due to common stock repurchase program (in shares)			(221,834)
Shares retired due to common stock repurchase program			$ (4.3)	(3.9)	(0.4)
Stock based compensation	30.2			30.2
Other comprehensive income (loss):
Unrealized foreign currency translation (losses) gains, net of tax	6.3					(4.3)	10.6
Unrealized currency derivative contract gain (loss)	(0.7)							$ 29.3	$ 29.3		$ (0.7)	$ (0.7)
Common stock dividends	(121.1)				(121.1)
Preferred stock dividends	(2.6)
Net income	321.1				226.7		94.4
Contributions from noncontrolling interests, excluding KWE	15						15
Distributions to noncontrolling interests	$ (264)						(264)
Balance, end of period, preferred shares (in shares) at Dec. 31, 2019	300,000	300,000
Balance at end of period at Dec. 31, 2019	$ 1,719.2	$ 295.2	$ 0	$ 1,754.5	$ 46.2	$ (417.2)	$ 40.5
Balance, end of period, common shares (in shares) at Dec. 31, 2019	142,283,109		142,283,109

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income		$ 321.1	$ 212.1	$ 138
Adjustments to reconcile net income to net cash provided by operating activities:
Net gain from sale of real estate		(434.3)	(376.1)	(258)
Gain on sale of a business		0	(40.4)	0
Depreciation and amortization		187.6	206.1	212.5
Above/below and straight-line rent amortization		(4.6)	(14.6)	(10.2)
Provision for (benefit from) deferred income taxes		26.7	39.3	(24.5)
Amortization of loan fees		9.3	13.5	12.3
Amortization of discount and accretion of premium on senior notes payable		1.6	1.7	0.4
Unrealized net (gains) losses on derivatives		(5.9)	(11.7)	11.1
Income from unconsolidated investments		(179.7)	(78.7)	(77.8)
Accretion of interest income on loans		(0.1)	(0.6)	(12.1)
Stock compensation expense		30.2	37.1	38.2
Deferred compensation		3.8	0	0
Operating distributions from unconsolidated investments		74.1	61.4	85.7
Operating distributions from loans		0	0.6	6.4
Change in assets and liabilities:
Accounts receivable		1	1.9	(13.9)
Other assets		(25.8)	(0.6)	(6.1)
Accrued expenses and other liabilities		(24.5)	42.1	(29)
Net cash (used in) provided by operating activities		(19.5)	93.1	73
Cash flows from investing activities:
Issuance of loans		(2.7)	(2.2)
Proceeds from collection of loans		0.6	5.8	16.9
Net proceeds from sale of consolidated real estate		701	1,386.1	659.1
Net proceeds from sale of a business			43.4
Purchases of consolidated real estate		(210.9)	(355.8)	(567.6)
Capital expenditures to real estate		(191.1)	(216)	(246.7)
Nonrefundable escrow deposits		0	(5)	0
Investment in marketable securities			(0.2)	(0.8)
Proceeds from sale of marketable securities		0	7.4	1.1
Investing distributions from unconsolidated investments		115	63.7	133.4
Contributions to unconsolidated investments		(266)	(396.1)	(79.9)
Proceeds from settlement of foreign currency derivative contracts		33.4	10.7	(2.8)
Purchases of foreign currency derivative contracts		0	(0.6)	(0.4)
Additions to development project asset		(1.2)	(29.1)	(19.4)
Proceeds from development project asset		4.2	81	36.9
Net cash provided by (used in) investing activities		182.3	593.1	(70.2)
Cash flow from financing activities:
Borrowings under senior notes payable		0	246.6	0
Repayment of senior notes payable		0	0	(55)
Costs associated with KWE Transaction		0	0	(55.8)
Borrowings under line of credit/term loan		125	225	800
Repayment of line of credit/term loan		(200)	(450)	(500)
Borrowings under mortgage debt		488.6	725	848.3
Repayment of mortgage debt		(391.4)	(866.8)	(684.7)
Payment of loan fees		(4.8)	(9.5)	(9.5)
Repurchase of common stock		(20.7)	(177.9)	(67.7)
Issuance of preferred stock		295.2	0	0
Cash paid to acquire noncontrolling interest in KWE		0	0	(719.8)
Common stock dividends paid		(114.9)	(111.2)	(59.2)
Preferred stock dividends paid		(2.6)	0	0
KWE closing dividend		0	(17.2)	0
Repayment of shareholder loans to noncontrolling interests		(11.2)	0	0
Acquisition of noncontrolling interests			0	(3.3)
Contributions from noncontrolling interests		15	23.2	47.4
Distributions to noncontrolling interests		(264)	(116)	(106)
Net cash used in financing activities		(85.8)	(528.8)	(565.3)
Effect of currency exchange rate changes on cash and cash equivalents		8.9	(20.7)	28.1
Net change in cash and cash equivalents		85.9	136.7	(534.4)
Cash and cash equivalents, beginning of year		488	351.3	885.7
Cash and cash equivalents, end of year		573.9	488	351.3
Cash paid for:
Interest	[1],[2]	211.1	225.3	206.7
Income taxes	[3]	$ 20.6	$ 6.6	$ 16.1
[1]	Excludes $3.8 million and $3.9 million of capitalized interest for the years ended December 31, 2019 and 2018 . No ne during the year ended December 31, 2017.
[2]	$3.5 million , $6.9 million , and $38.5 million attributable to noncontrolling interests for the years ended December 31, 2019 , 2018 , and 2017 .
[3]	$12.0 million attributable to noncontrolling interests for the year ended December 31, 2017 , no ne during the years ended December 31, 2019 and 2018.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	3 Months Ended	12 Months Ended
	Dec. 31, 2019USD ($)assetproperty_unit	Dec. 31, 2019USD ($)assetproperty_unit	Dec. 31, 2018USD ($)hotel	Dec. 31, 2017USD ($)shares
Interest paid attributable to noncontrolling interest		$ 3,500,000	$ 6,900,000	$ 38,500,000
Interest paid, capitalized		3,800,000	3,900,000	0
Income taxes paid attributable to noncontrolling interest		0	0	12,000,000
Restricted cash	$ 54,500,000	54,500,000	$ 88,000,000	$ 43,600,000
Operating lease, right-of-use asset	13,600,000	13,600,000
Operating lease, liability	$ 13,600,000	13,600,000
Non-cash contribution to acquire interest in joint venture		$ 125,500,000
Ownership percentage sold of equity method investment	20.00%
Number of hotels securing loans | hotel			6
Common Stock [Member]
Issuance of shares, net (in shares) | shares				37,226,695
Axa Joint Venture [Member]
Ownership percentage sold of equity method investment		20.00%
Equity method investment, ownership percentage	80.00%	80.00%
Axa Joint Venture [Member] | Multifamily [Member]
Non-cash contribution to acquire interest in joint venture		$ 92,200,000
Ownership percentage sold of equity method investment		20.00%
Proceeds from divestiture of interest in joint venture		$ 23,000,000
Equity method investment, ownership percentage	80.00%	80.00%
Axa Joint Venture [Member] | Ireland [Member] | Multifamily [Member]
Ownership percentage sold of equity method investment		20.00%
Number of assets sold | asset	3	3
Number of units sold | property_unit	468	468

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATIONKennedy-Wilson Holdings, Inc. (“KWH,” NYSE: KW), a Delaware corporation and its wholly owned and consolidated subsidiaries (collectively the "Company" or "Kennedy Wilson"), is a global real estate investment company.  The Company owns, operates, and invests in real estate both on its own and through its investment management platform.  The Company focuses on multifamily and commercial properties located in the Western U.S., UK and Ireland. To complement its 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, 2019
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 Kennedy Wilson and voting interest entities which it controls. All 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. Kennedy Wilson Europe Real Estate Plc ("KWE") Transaction ("KWE Transaction") On October 20, 2017, KWH completed its acquisition of all the outstanding shares (other than shares owned by KWH or its subsidiaries or held in treasury) of KWE by way of a court-sanctioned scheme of arrangement under Article 125 of the Companies (Jersey) Law (the “KWE Acquisition”). KWE shareholders received an aggregate consideration in the Transaction of approximately 37,226,695 shares of KWH common stock, par value $0.0001 per share, and approximately £528.6 million ( $697.2 million ) in cash. The KWE Transaction was accounted for in accordance with ASC Subtopic 810, Consolidation-Overall-Changes in Parent’s Ownership Interest in a Subsidiary (ASC 810) . Because the Company controlled KWE before the transaction and has maintained such control after the transaction, the change in the Company’s ownership interest in KWE was accounted for as an equity transaction and no gain or loss was recognized in the Company’s consolidated statements of income resulting from the KWE Transaction. Transaction costs associated with the acquisition were recorded as a reduction of equity as well. 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 and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, 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. Management fees are primarily comprised of investment management and property services 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. The Company provides investment management and property services on investments it also has an ownership interest in. 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. Commissions primarily consist of acquisition and disposition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition 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 Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, 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. 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. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, was also adopted effective January 1, 2018. Management concluded that the new standard did not have a significant impact on the amount, timing or classification of real estate sales in the financial statements or related disclosures. This conclusion was based on the Company's current business mix and general approach to sales of real estate which are generally completed without seller financing or continuing involvement that would indicate that a performance obligation is not met at the time the transaction closes. With the adoption of ASC Subtopic 610-20, the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Interest income from investments in loans which Kennedy Wilson 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 Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25 Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . 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). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. 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 is valued, in part, based on third party valuations and management estimates also using an income approach. UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson 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 Kennedy Wilson’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 ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson records its investments in certain commingled funds it manages and sponsors (the "Funds") that are investment companies under the ASC Topic 946, Financial Services - Investment Companies , 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. Additionally, Kennedy Wilson elected the fair value option for 31 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of our current operations. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. 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. The Company has concluded that performance fees to the Company, based on cumulative fund performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under Topic 820, Fair Value Measurement . Effective January 1, 2018, in connection with the adoption of Topic 606 the Company changed its policy for recognition and measurement of performance fees. This accounting policy change did not change the timing or amount of income recognized related to performance fees. Prior to this accounting method change, the performance-based component of the fees was recognized within investment management, property services and research fees in the Consolidated Statements of Income. Under the equity method of accounting and fair value election, the Company now recognizes its allocation of performance fees along with its share of income or loss proportionate to the Company’s equity ownership in each applicable investment and fair value changes, as a component of income from unconsolidated investments. The Company has accounted for this change by full retrospective application and prior periods presented have been recast. During the years ended December 31, 2019 and 2018 , there were $36.3 million and $27.4 million , respectively of performance fees recorded as a component of income from unconsolidated investments. During the year ended December 31, 2017, there was $8.8 million of performance fee allocations which were previously presented as a component of investment management, property services and research fees and have been reclassified to income from unconsolidated investments in the current year presentation . DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS — The Company utilizes the nature of distributions approach and 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. This enables Kennedy Wilson 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. FAIR VALUE MEASUREMENTS — Kennedy Wilson 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 Topic 820 . Topic 820 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, is necessary, however, 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 ASC Subtopic 810-10, Noncontrolling Interests in Consolidated Financial Statements . Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the Consolidated Statements of Income at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated. Prior to the KWE Acquisition, management fees earned by KWE Manager for managing KWE were eliminated in consolidation however the amount attributable to the noncontrolling interest holders of KWE were recognized through net income (loss) attributable to noncontrolling interest holders. FOREIGN CURRENCIES — The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their 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 and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage the effect of these fluctuations, the Company enters into hedging transactions, in the form of currency derivative contracts, that are designed to reduce its book equity exposure to foreign currencies. See Note 5 for a complete discussion on currency derivative contracts. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — Kennedy Wilson 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. Fluctuations in foreign exchanges rates may have a significant impact on the Company's results of operations. In order to manage the potential exposure from adverse changes in foreign exchange rates arising from the Company’s net investments in foreign operations, the Company may enter into currency derivative contracts to hedge all or portions of the net investments in the Company’s non-U.S. dollar denominated foreign operations. 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 ASC Subtopic 350-20, Accounting for Goodwill , 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, 2019 , 2018 and 2017 . 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. Kennedy Wilson's operations and financial position are affected by fluctuations in currency exchange rates between the euro and British pound sterling against the U.S. Dollar. LONG-LIVED ASSETS — Kennedy Wilson 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 ASC Subtopic 360-10, Impairment of Long-Lived Assets . 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 Kennedy Wilson determines there are probable credit losses in Kennedy Wilson’s existing accounts receivable and is determined based on historical experience. Kennedy Wilson reviews its accounts receivable for probable credit losses on a quarterly basis. As of December 31, 2019 , Kennedy Wilson had an immaterial allowance for doubtful accounts. During the years ended December 31, 2019 and 2018 , we had an immaterial amount of bad debt expense recorded as a reduction in rental revenue in accordance with ASC 842. CONCENTRATION OF CREDIT RISK — Financial instruments that subject Kennedy Wilson 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 Kennedy Wilson’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Italy. 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 convertible securities, and unvested stock which were outstanding during the period. Unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method. COMPREHENSIVE INCOME (LOSS) — Comprehensive income (loss) 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 for the amount that shares were initially issued at with the excess paid going to retained earnings. SHARE-BASED PAYMENT ARRANGEMENTS — Kennedy Wilson accounts for its share-based payment arrangements under the provisions of ASC Subtopic 718-10, Share-Based Payments. 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. 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 ASC Subtopic 740-10, Income Taxes, 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 — ASC Topic 606 has 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 identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. On January 1, 2018, Kennedy Wilson adopted ASC Topic 606 and ASC Subtopic 610-20 transition guidance. See discussion above in revenue recognition for more detail. Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), and other related follow-on ASUs issued in connection with ASC Topic 842, 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). Lessees • 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. The Company identified no significant direct financing leases and as operating leases, the Company will continue to report lease expense 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. • Due to the adoption of ASU 2016-02 the Company has recorded a right of use asset and a corresponding lease liability of $13.6 million , which is recorded as a component of other assets, net and accrued expenses, respectively, in the accompanying consolidated balance sheets. The average remaining lease term is 80 years and weighted average discount rate is 3% as of December 31, 2019 . Lessors • 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. The new lease standard provides lessors a practical expedient to not separate rental recovery revenue from the associated rental revenue if certain criteria are met. The Company assessed these criteria and concluded that the timing and pattern of transfer for rental recoveries and the associated rental revenue are the same and its leases will continue to qualify as operating leases under which the Company will recognize rental revenue. Accordingly, the Company will account for and present rental revenue and rental recovery revenue as a single component. • The new lease standard requires that lessors expense, on an as-incurred basis, certain initial direct costs including the salaries and related costs for employees directly working on leasing activities. Prior to adoption, these costs could be capitalized. The Company did not typically incur costs such as these but to the extent that it does going forward they will be expensed in the period in which they are incurred • The Company has elected the practical expedients available for implementation and consequently there is no opening balance impact related to: (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. Further, because the accounting for leases by the lessor is substantially unchanged and it has elected the practical expedients to not separate rental recovery revenue from the associated rental revenue, the ASU did not have a significant impact on its results of operations or financial position. Consistent with the transition guidance under ASU 2018-11, Leases (Topic 842): Targeted Improvements , all prior period disclosures remain in accordance with ASC Topic 840. On January 1, 2017, Kennedy Wilson adopted ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting under the modified retrospective approach and recorded the cumulative impact of the accounting change through a reduction to the accumulated deficit of $9.3 million . This amount represents the cumulative excess tax benefits related to share-based compensation as of December 31, 2016 which had not been reflected as a deferred tax asset. As a result of adoption of ASU 2016-09, the excess tax benefits were reclassified to net operating loss carryover, resulting in an increase in our deferred tax asset by $9.3 million as of January 1, 2017. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , which addresses eight classification issues related to the statement of cash flows: (a) debt prepayment or debt extinguishment costs, (b) settlement of zero-coupon bonds, (c) contingent consideration payments made after a business combination (d) proceeds from the settlement of insurance claims, (e) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (f) distributions received from equity method investees, (g) beneficial interests in securitization transactions, and (h) separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is required to be adopted for public entities for fiscal years beginning after December 15, 2017. The adoption of this standard did not have a significant impact on Kennedy Wilson's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which clarifies how restricted cash and restricted cash equivalents should be presented on the statement of cash flows. The new guidance requires entities to include restricted cash and restricted cash equivalents as a component of the beginning and ending cash and cash equivalent balances on the statement of cash flows. ASU 2016-18 is required to be adopted for public entities for fiscal years beginning after December 15, 2017. The adoption of this standard did not have a significant impact on Kennedy Wilson's consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The ASU clarifies the definition of a business. The three elements of a business (inputs, processes, and outputs) has not changed, however, the amendment provides a framework to assist entities in evaluating whether these elements are present. The amended framework did not have a materially impact the Company’s financial statements. However, the amendment also includes a provision that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. Therefore, real estate acquisitions generally wi

REAL ESTATE AND ACQUIRED IN PLA

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 Land $ 1,330.6 $ 1,371.3 Buildings 3,630.4 3,958.4 Building improvements 469.5 652.0 Acquired in-place lease values 352.9 344.4 5,783.4 6,326.1 Less accumulated depreciation and amortization (703.2 ) (623.6 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 5,080.2 $ 5,702.5 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 7.1 years at December 31, 2019 . Depreciation and amortization expense on buildings, building improvements and acquired in-place lease values for the years ended December 31, 2019 , 2018 and 2017 was $173.4 million , $190.3 million and $198.9 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 relative 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, 2019 , Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. One multifamily property and one commercial property $ 39.9 $ 123.0 $ 37.2 $ 112.2 $ 87.9 United Kingdom One commercial property and one industrial property 29.0 39.2 2.9 58.6 12.5 Ireland One commercial property 7.2 31.7 3.4 44.0 (1.7 ) $ 76.1 $ 193.9 $ 43.5 $ 214.8 $ 98.7 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities. During the year ended December 31, 2018 , Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. Five multifamily properties, three land development and one commercial property $ 72.1 $ 167.5 $ 1.2 $ 145.8 $ 95.0 United Kingdom One residential property 4.2 — — — 4.2 Ireland One multifamily 11.1 96.0 2.1 61.3 47.9 $ 87.4 $ 263.5 $ 3.3 $ 207.1 $ 147.1 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities. Gains on Real Estate During the years ended December 31, 2019 , 2018 and 2017 , Kennedy Wilson recognized the following net gains on sale of real estate. Included in the net gains for December 31, 2018 is an impairment loss on a vacated office building in the United Kingdom which was subsequently sold. (Dollars in millions) Gain on sale of real estate Year ended December 31, Description Consolidated (1) NCI Net of NCI 2019 11 commercial properties and one hotel in the United Kingdom, one hotel in Ireland, 10 Spanish retail properties, five retail properties, one hotel, and one multifamily property in the Western United States, and the deconsolidation of previously consolidated real estate as discussed below $ 434.9 $ 116.7 $ 318.2 2018 26 commercial properties in United Kingdom, three commercial properties in Ireland, two commercials properties in Italy, six multifamily properties in Ireland, three multifamily properties in Western United States, and one residential property in Ireland, and one residential property in Western United States 369.6 70.6 299.0 2017 Three multifamily properties and one retail center in the Western U.S., one commercial development and three commercial properties in Ireland, one residential property in the United Kingdom, 25 commercial properties across the United Kingdom and Ireland, two condo unit sales in Spain and a residential property in Spain 258.0 43.3 214.7 (1) Includes sale of real estate and cost of real estate sold, which are presented net in the table above. Deconsolidation of previously consolidated real estate AXA Investment Managers - Real Assets ("AXA") and the Company established a joint venture platform ("AXA Joint Venture") during 2018 targeting multifamily and office assets in Ireland. As of December 31, 2019 , the AXA Joint Venture consists of 2,270 multifamily units and 391,000 square feet of office space across 12 assets in Dublin, Ireland. These assets were previously wholly owned by the Company or were held with a different equity partner (held in 50/50 joint ventures) that were previously consolidated in the Company’s financial statements. As the Company does not control the AXA Joint Venture, the assets are no longer consolidated and its investment with AXA is accounted for under the equity method. The Company has elected the fair value option on its interest in the joint venture and records the investment at fair value. The Company continues to hold a 50% ownership interest in the assets discussed above through its ownership in the AXA Joint Venture. There are two assets in the AXA Joint Venture in which the Company has an 80% ownership interest as of December 31, 2019 . The Company sold a 20% interest in these assets in December 2019 and as a result, the Company no longer controlled these assets due to substantive participating rights held by AXA. Accordingly, subsequent to the sale, these investments are accounted for under the equity method and the Company has elected the fair value option on its 80% ownership interest in these assets. In January 2020, the Company sold an additional 30% ownership interest in these two assets and currently holds all assets within the AXA Joint Venture at 50% ownership interest. The sale of the additional 30% will be treated as a distribution and a reduction in our basis in these unconsolidated investments with no gain or loss recognized as these assets were already deconsolidated. Under ASC Subtopic 610-20, due to the deconsolidation of the assets discussed above, the Company recognized a gain of $317.8 million through gain on sale of real estate, net, of which the Company's share, net of noncontrolling interest, was $212.4 million for the year ended December 31, 2019 . During the year ended December 31, 2018 the Company recognized a gain of $169.5 million through gain on sale of real estate, net, of which the Company's share, net of noncontrolling interest, was $102.7 million . Additionally, as such investments have been sold, the related accumulated other comprehensive income associated with foreign currency translation adjustments and hedged derivative instruments have been recognized in the consolidated statements of income. Leases The Company leases its operating properties to customers under agreements that are classified as operating leases. The total minimum lease payments provided for under the leases are recognized on a straight-line basis over the lease term. The majority of the Company's rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from the Company's tenants. The Company records amounts reimbursed by customers in the period that the applicable expenses are incurred, which is generally ratably throughout the term of the lease. The reimbursements are recognized in rental income in the consolidated statements of operations as the Company is the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk. The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at December 31, 2019 : (Dollars in millions) Minimum Rental Revenues (1) 2020 223.0 2021 222.1 2022 205.7 2023 169.2 2024 139.7 Thereafter 672.9 Total $ 1,632.6 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

UNCONSOLIDATED INVESTMENTS

UNCONSOLIDATED INVESTMENTS	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50% , that were formed to acquire, manage, develop, service and/or sell real estate. Kennedy Wilson has significant influence over these entities, but not control. Accordingly, these investments are accounted for under the equity method. Joint Venture and Fund Holdings The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 230.5 $ 78.1 $ 72.8 $ 139.6 $ 246.8 $ 767.8 Ireland 378.7 139.4 — — — 518.1 United Kingdom — 48.7 — — — 48.7 Total $ 609.2 $ 266.2 $ 72.8 $ 139.6 $ 246.8 $ 1,334.6 The following table details the Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2018 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 184.1 $ 47.0 $ 70.9 $ 102.5 $ 193.8 $ 598.3 Ireland 216.5 35.2 — — 251.7 United Kingdom — 9.9 — — 9.9 Total $ 400.6 $ 92.1 $ 70.9 $ 102.5 $ 193.8 $ 859.9 During the year ended December 31, 2019 , the change in unconsolidated investments primarily relates to $266.0 million of cash contributions to unconsolidated investments, $218.0 million of non-cash contributions to unconsolidated investments, $189.1 million of distributions from unconsolidated investments, $179.7 million of income from unconsolidated investments with the remainder relating to other items which primarily related to foreign exchange movements as described in more detail below. As of December 31, 2019 and December 31, 2018 , $1,107.4 million and $662.2 million of unconsolidated investments were accounted for at fair value. See Note 5 for more detail. Contributions to Joint Ventures During the year ended December 31, 2019 , Kennedy Wilson contributed $266.0 million to joint ventures, primarily for separate account arrangements for three office properties, four multifamily properties and three note investments in the Western United States, one office property in the United Kingdom, and contributions to Kennedy Wilson Real Estate Fund VI, LP ("Fund VI") and existing development projects in Ireland and Hawaii. In addition to the cash contributions during the year ended December 31, 2019 , the deconsolidation and contribution to the AXA Joint Venture of the State Street office building, Capital Dock office buildings, Capital Dock residential tower, Vantage residential towers and Alto Vetro residential building in Dublin, Ireland, comprised the $218.0 million of non-cash contributions. Distributions from Joint Ventures The following table details cash distributions by investment type and geographic location for the year ended December 31, 2019 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 50.6 $ 91.5 $ 3.4 $ 1.0 $ 11.2 $ 13.6 $ 1.4 $ 5.1 $ 66.6 $ 111.2 Ireland 6.4 — 1.1 3.8 — — — — 7.5 3.8 Total $ 57.0 $ 91.5 $ 4.5 $ 4.8 $ 11.2 $ 13.6 $ 1.4 $ 5.1 $ 74.1 $ 115.0 Investing distributions resulted primarily from the sale of three multifamily properties and residential lots in the Western United States. Operating distributions resulted operating cash flow generated by the joint venture investments. Income from Unconsolidated Investments The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the years ended December 31, 2019 , 2018 and 2017: Year Ended December 31, (Dollars in millions) 2019 2018 2017 Income from unconsolidated investments - operating performance $ 35.5 $ 18.8 $ 16.4 Income from unconsolidated investments - realized gains 53.5 22.1 14.0 Income from unconsolidated investments - fair value 64.7 10.4 38.6 Income from unconsolidated investments - performance fees 36.3 27.4 8.8 Income from unconsolidated investments - impairment (10.3 ) — — $ 179.7 $ 78.7 $ 77.8 Operating performance is related to underlying performance from unconsolidated investments. Realized gains are related to asset sales primarily from the sale of three multifamily properties in the Western United States. Fair value gains and performance fees are primarily related to resyndications under the Company's VHH partnership, cap rate compression, asset sales, and improved property performance by the Company's FV Option investments and investments held within the Funds managed by the Company. The fair value gains were partially offset by foreign exchange fair value losses on multifamily and development joint ventures in Ireland. Additionally, during the year ended December 31, 2019 , the Company recorded an other than temporary impairment loss on a residential project in the Western United States owned by an unconsolidated investment. Vintage Housing Holdings ("VHH") As of December 31, 2019 and 2018, the carrying value of the Company's investment in VHH was $142.8 million and $101.5 million , respectively. Fair value gains in the current period primarily relate to improved property performance and cap rate compression as a result of declines in borrowing rates and conversions. Prior period fair value gains are due to resyndications in which VHH dissolves an existing partnership and recapitalizes into a new partnership with tax exempt bonds and tax credits that are sold to a new tax credit partner and, in many cases, yields cash back to VHH. Upon resyndication, VHH retains a GP interest in the partnership and receives various future streams of cash flows including: development fees, asset management fees, other GP management fees and distributions from operations. Consolidation Considerations The Company determines 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 accounts for joint ventures where it is deemed that the Company does not have control through the equity method of accounting while joint ventures that the Company controls are consolidated in Kennedy Wilson's financial statements. Changes in Control Refer to the description of the AXA Joint Venture in Note 3 for a discussion of the change in control transactions that occurred during the years ended December 31, 2019 and 2018. As of December 31, 2019 and 2018, the carrying value of the Company's investment in AXA Joint Venture was $479.4 million and $209.2 million , respectively. There was no such activity in 2017. Meyers Research Sale In December 2018, Kennedy Wilson sold Meyers Research for $48.0 million and recognized a gain on sale of business of $40.4 million . Kennedy Wilson used part of the proceeds from such sale to reinvest $15.0 million for an 11%

FAIR VALUE MEASUREMENTS AND THE

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	12 Months Ended
	Dec. 31, 2019
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, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.4 $ 1,107.4 Net currency derivative contracts — (34.7 ) — (34.7 ) Total $ — $ (34.7 ) $ 1,107.4 $ 1,072.7 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, 2018 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 662.2 $ 662.2 Net currency derivative contracts — (15.8 ) — (15.8 ) Total $ — $ (15.8 ) $ 662.2 $ 646.4 Unconsolidated Investments Kennedy Wilson elected to use the FV Option for 31 unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those changes in current operations. Kennedy Wilson's investment balance in the FV Option investments was $967.8 million and $559.7 million at December 31, 2019 and 2018 , respectively, which are included in unconsolidated investments in the accompanying balance sheets. Additionally, Kennedy Wilson records its investments in its managed commingled funds (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 $139.6 million and $102.5 million at December 31, 2019 and 2018 , respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. In estimating fair value of real estate held by the Funds and the 31 FV Option investments, the Company considers significant unobservable inputs to be the capitalization and discount rates. The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) December 31, 2019 December 31, 2018 FV Option $ 967.8 $ 559.7 Funds 139.6 102.5 Total $ 1,107.4 $ 662.2 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) 2019 2018 2017 Beginning balance $ 662.2 $ 380.7 $ 356.7 Unrealized and realized gains 154.5 85.4 58.7 Unrealized and realized losses (27.1 ) (34.8 ) (1.1 ) Contributions 199.3 335.9 59.9 Distributions (104.2 ) (76.3 ) (117.0 ) Non-cash contributions (distributions), net 222.7 (28.7 ) 23.5 Ending Balance $ 1,107.4 $ 662.2 $ 380.7 The change in unrealized and realized gains and losses are included in income from unconsolidated investments in the accompanying consolidated statements of income. The change in unrealized gains and losses on Level 3 investments during 2019 and 2018 for investments still held as of December 31, 2019 and 2018 were gains of $64.9 million and $9.5 million , respectively. When estimating fair value on investments, the Company considers significant inputs to be the capitalization and discount rates. The table below describes the range of inputs used as of December 31, 2019 for real estate assets: Estimated Rates Used For Capitalization Rates Discount Rates Multifamily 3.75% — 5.13% 5.50% — 8.00% Office 4.00% — 7.50% 5.00% — 8.50% Retail 6.50% — 8.50% 8.00% — 10.25% Hotel 6.00% — 7.75% 8.25% — 10.00% Residential N/A 12.00% In valuing indebtedness, Kennedy Wilson considers significant inputs to be 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 1.30% to 3.51% . 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 derivative contracts Kennedy Wilson uses foreign currency derivative contracts such as forward contracts and options to manage its foreign currency risk exposure against the effects of a portion of its certain non-U.S. dollar denominated currency net investments. Foreign currency options are valued using a variant of the Black-Scholes model tailored for currency derivatives and the foreign currency forward contracts are valued based on the difference between the contract rate and the forward rate at maturity of the underlying currency applied to the notional value in the underlying currency discounted at a market rate for similar risks. Although the Company has determined that the majority of the inputs used to value its currency derivative contracts fall within Level 2 of the fair value hierarchy, the counterparty risk adjustments associated with the currency derivative contracts utilize Level 3 inputs. However, as of December 31, 2019 , Kennedy Wilson 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 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 ASC Topic 815, Derivatives and Hedging . The fair value of the derivative instruments held as of December 31, 2019 and 2018 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying consolidated balance sheet. See Note 14 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 Kennedy Wilson had as of December 31, 2019 : (Dollars in millions) December 31, 2019 Year Ended December 31, 2019 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains (Losses) Cash Received (Paid) Outstanding EUR USD € 175.0 $ 11.8 $ (0.2 ) $ 1.4 $ 5.9 $ — EUR (1) GBP € 240.8 — (41.0 ) 17.3 — — EUR (1)(2) GBP — — 36.8 — — GBP USD £ 600.0 20.8 (26.1 ) (25.7 ) — — Total Outstanding 32.6 (67.3 ) 29.8 5.9 — Settled EUR USD — — 2.4 0.1 2.9 GBP USD — — 3.4 — 30.5 Total Settled — — 5.8 0.1 33.4 Total $ 32.6 $ (67.3 ) $ 35.6 (3) $ 6.0 (4) $ 33.4 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax benefit of $3.1 million . The gains and (losses) recognized through other comprehensive income (loss) will remain in accumulated other comprehensive income (loss) until the underlying investments they were hedging are substantially liquidated by Kennedy Wilson. Interest Rate Swaps During the year ended December 31, 2019 , the Company entered into $138.4 million notional of interest rate swaps on some variable rate property-level mortgage loans. Interest rate savings relating to difference in variable rate and fixed interest rates were $0.2 million and are recorded through interest expense and changes in fair value on contracts were a loss of $0.7 million and are recorded to other comprehensive income. 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. Debt liabilities are accounted for at face value plus net unamortized debt premiums and any fair value adjustments as part of business combinations. The fair value as of December 31, 2019 and 2018 for mortgages, KW unsecured debt, and KWE unsecured bonds were estimated to be approximately $5.2 billion and $5.3 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 the Company's credit risk to the current yield of a similar security, compared to their carrying value of $5.0 billion and $5.4 billion as of December 31, 2019 and 2018 , respectively. The inputs used to value mortgages, KW unsecured debt, and KWE unsecured bonds 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, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: December 31, (Dollars in millions) 2019 2018 Straight line rent $ 47.3 $ 34.6 Hedge assets 32.6 43.7 Loan purchases and originations 29.4 27.8 Above-market leases, net of accumulated amortization of $51.0 million and $48.3 million at December 31, 2019 and 2018, respectively 26.1 37.2 Goodwill 23.9 23.9 Furniture and equipment net of accumulated depreciation of $21.9 and $37.9 at December 31, 2019 and December 31, 2018, respectively 23.7 31.4 Deferred taxes, net 24.4 24.7 Prepaid expenses 14.3 13.7 Right of use asset, net 13.6 — Leasing commissions, net of accumulated amortization of $4.7 million and $3.3 million at December 31, 2019 and 2018, respectively 11.9 11.5 Other, net of accumulated amortization of $2.0 million and $2.8 million at December 31, 2019 and 2018, respectively 9.0 10.9 Development project asset 3.3 6.6 VAT receivable 2.5 2.3 Deposits 1.7 6.5 Other Assets $ 263.7 $ 274.8 Depreciation and amortization expense related to the above depreciable assets were $14.2 million , $15.8 million , and $13.6 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. Leases The Company, as a lessee, has three office leases and four ground leases, which qualify as operating leases, with remaining lease terms of 5 to 239 years . The payments associated with office space leases have been discounted using the Company's incremental borrowing rate which is based on collateralized interest rates in the market and risk profile of the associated lease. For ground leases the rate implicit in the lease was used to determine the right of use asset. The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total undiscounted rental payments 39.7 Less imputed interest (26.1 ) Total lease liability $ 13.6 During the year ended December 31, 2019 the Company made $2.8 million of cash payments on its operating leases.

MORTGAGE DEBT

MORTGAGE DEBT	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2019 and 2018 : (Dollars in millions) Carrying amount of mortgage debt as of December 31, (1) Mortgage Debt by Product Type Region 2019 2018 Multifamily (1) Western U.S. $ 1,324.7 $ 1,286.2 Commercial (1) United Kingdom 514.5 499.6 Commercial Western U.S. 405.4 385.3 Commercial (1) Ireland 289.6 438.9 Hotel Ireland 80.8 82.5 Commercial Spain 40.3 90.1 Multifamily (1) Ireland — 147.8 Hotel Western U.S. — 37.9 Mortgage debt (excluding loan fees) (1) 2,655.3 2,968.3 Unamortized loan fees (14.3 ) (18.0 ) Total Mortgage Debt $ 2,641.0 $ 2,950.3 (1) The mortgage debt payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium as of December 31, 2019 and 2018 was $4.0 million and $1.9 million , respectively. The mortgage debt had a weighted average interest rate of 3.41% and 3.40% per annum as of December 31, 2019 and 2018 , respectively. As of December 31, 2019 , 76% of Kennedy Wilson's property level debt was fixed rate, 14% was floating rate with interest caps and 10% was floating rate without interest caps, compared to 73% fixed rate, 17% floating rate with interest caps and 10% floating rate without interest caps, as of December 31, 2018 . Mortgage Loan Transactions and Maturities During the year ended December 31, 2019 , four acquisitions were partially financed with mortgages, two existing mortgages were refinanced, and two existing investments that closed with all equity were subsequently partially financed with mortgage loans. See Note 4 for more detail on the acquisitions and the investment debt associated with them. The aggregate maturities of mortgage loans subsequent to December 31, 2019 are as follows: (Dollars in millions) Aggregate Maturities 2020 (1) $ 116.2 2021 167.3 2022 298.0 2023 383.8 2024 201.2 Thereafter 1,484.8 2,651.3 Unamortized debt premium 4.0 Unamortized loan fees (14.3 ) Total Mortgage Debt $ 2,641.0 (1) The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on our A&R Facility.

KW UNSECURED DEBT

KW UNSECURED DEBT	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of December 31, 2019 and 2018: December 31, (Dollars in millions) 2019 2018 Credit Facility $ — $ 75.0 Senior Notes (1) 1,146.1 1,145.3 KW Unsecured Debt 1,146.1 1,220.3 Unamortized loan fees (14.4 ) (18.3 ) Total KW Unsecured Debt $ 1,131.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of December 31, 2019 and 2018 was $3.9 million and $4.7 million , respectively. Borrowings Under Credit Facilities The Company, through a wholly-owned subsidiary, has a $700 million unsecured revolving credit and term loan facility (the "A&R Facility"). The A&R Facility is comprised of a $500 million revolving line of credit and a $200 million term loan facility. Loans under the revolving line of credit bear interest at a rate equal to LIBOR plus between 1.75% and 2.75% , depending on the consolidated leverage ratio as of the applicable measurement date. Loans under the term loan facility bear interest at a rate equal to LIBOR plus between 1.65% and 2.65% , depending on the consolidated leverage ratio as of the applicable measurement date. The A&R Facility has a maturity date of March 31, 2021. Subject to certain conditions precedent and at Kennedy-Wilson, Inc.’s ("the Borrower") option, the maturity date of the A&R Facility may be extended by one year . The A&R Facility has certain covenants as defined within its Amended and Restated Credit Agreement, Dated as of October 20, 2017 (the "Credit Agreement") 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 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 1.70 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 $1,066,775,300 plus an amount equal to fifty percent ( 50% ) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of the Closing Date, 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 $300,351,000 , (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 $75.0 million . As of December 31, 2019 , the Company’s was in compliance with all financial covenant calculations. The obligations of the Borrower pursuant to the Credit Agreement are guaranteed by the Company and certain wholly-owned subsidiaries of the Company. During the year ended December 31, 2019 , the Company drew $125.0 million and repaid $200.0 million on the A&R Facility. Of the $200.0 million that was repaid, $125.0 million was related to the revolving line of credit and $75.0 million was related to the term loan facility. The amount repaid on the term loan facility cannot be drawn again. The maximum amount drawn on the A&R Facility at any one point during the year ended December 31, 2019 was $150.0 million . As of December 31, 2019 , the Company had no outstanding balance on the A&R Facility with the full $500.0 million available to be drawn under the revolving credit facility. The average outstanding borrowings under credit facilities was $93.0 million during the year ended December 31, 2019 . 2024 Notes On March 2, 2018, Kennedy Wilson, Inc., (the "Issuer") completed an additional offering of $250 million aggregate principal amount of 5.875% senior notes due 2024 ("collectively, with the Initial Notes (as defined below) the 2024 Notes"). The 2024 Notes were issued as additional notes under the indenture pursuant to which the Issuer previously issued $900 million aggregate principal amount of its 5.875% senior notes due 2024 (the "Initial Notes"). The 2024 Notes have substantially identical terms as the Initial Notes and will be treated as a single series with the Initial Notes under the indenture. The 2024 Notes were issued and sold at an offering price of 98.625% of their principal amount, plus accrued and unpaid interest from, and including, October 1, 2017. The indentures governing the 2024 Notes contain various restrictive covenants, including, among others, limitations on the Company's 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 limit the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 The following table details the KWE unsecured bonds as of December 31, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 KWE Bonds $ 662.9 $ 637.3 KWE Euro Medium Term Note Programme 614.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,277.6 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,274.2 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium (discount) as of December 31, 2019 and 2018 was $(3.1) million and $(3.7) million , respectively. KWE has £500 million of 3.95% fixed-rate senior unsecured bonds due 2022 that have a carrying value of $662.9 million and $637.3 million as of December 31, 2019 and 2018 , respectively. KWE effectively reduced the interest rate to 3.35% as a result of entering into swap agreements to convert 50% of the proceeds into Euros. In addition, KWE has a £2.0 billion (approximately $2.7 billion based on December 31, 2019 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. KWE issued senior unsecured notes for an aggregate principal amount of approximately $617.6 million (based on December 31, 2019 rates) ( €550 million ) (the "KWE Notes"). The KWE Notes were issued at a discount with an annual fixed coupon of 3.25% , and mature in 2025 . As KWE invests proceeds from the KWE Notes to fund equity investments in new euro denominated assets, KWE designates the KWE Notes as net investment hedges under FASB ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the year ended December 31, 2019 , Kennedy Wilson recognized a gain of $36.8 million in accumulated other comprehensive income due to the weakening of the euro against the GBP during the period. 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, 2019 , KWE was in compliance with these financial covenants.

KWE UNSECURED BONDS

KWE UNSECURED BONDS	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KW UNSECURED DEBT The following table details KW unsecured debt as of December 31, 2019 and 2018: December 31, (Dollars in millions) 2019 2018 Credit Facility $ — $ 75.0 Senior Notes (1) 1,146.1 1,145.3 KW Unsecured Debt 1,146.1 1,220.3 Unamortized loan fees (14.4 ) (18.3 ) Total KW Unsecured Debt $ 1,131.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of December 31, 2019 and 2018 was $3.9 million and $4.7 million , respectively. Borrowings Under Credit Facilities The Company, through a wholly-owned subsidiary, has a $700 million unsecured revolving credit and term loan facility (the "A&R Facility"). The A&R Facility is comprised of a $500 million revolving line of credit and a $200 million term loan facility. Loans under the revolving line of credit bear interest at a rate equal to LIBOR plus between 1.75% and 2.75% , depending on the consolidated leverage ratio as of the applicable measurement date. Loans under the term loan facility bear interest at a rate equal to LIBOR plus between 1.65% and 2.65% , depending on the consolidated leverage ratio as of the applicable measurement date. The A&R Facility has a maturity date of March 31, 2021. Subject to certain conditions precedent and at Kennedy-Wilson, Inc.’s ("the Borrower") option, the maturity date of the A&R Facility may be extended by one year . The A&R Facility has certain covenants as defined within its Amended and Restated Credit Agreement, Dated as of October 20, 2017 (the "Credit Agreement") 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 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 1.70 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 $1,066,775,300 plus an amount equal to fifty percent ( 50% ) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of the Closing Date, 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 $300,351,000 , (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 $75.0 million . As of December 31, 2019 , the Company’s was in compliance with all financial covenant calculations. The obligations of the Borrower pursuant to the Credit Agreement are guaranteed by the Company and certain wholly-owned subsidiaries of the Company. During the year ended December 31, 2019 , the Company drew $125.0 million and repaid $200.0 million on the A&R Facility. Of the $200.0 million that was repaid, $125.0 million was related to the revolving line of credit and $75.0 million was related to the term loan facility. The amount repaid on the term loan facility cannot be drawn again. The maximum amount drawn on the A&R Facility at any one point during the year ended December 31, 2019 was $150.0 million . As of December 31, 2019 , the Company had no outstanding balance on the A&R Facility with the full $500.0 million available to be drawn under the revolving credit facility. The average outstanding borrowings under credit facilities was $93.0 million during the year ended December 31, 2019 . 2024 Notes On March 2, 2018, Kennedy Wilson, Inc., (the "Issuer") completed an additional offering of $250 million aggregate principal amount of 5.875% senior notes due 2024 ("collectively, with the Initial Notes (as defined below) the 2024 Notes"). The 2024 Notes were issued as additional notes under the indenture pursuant to which the Issuer previously issued $900 million aggregate principal amount of its 5.875% senior notes due 2024 (the "Initial Notes"). The 2024 Notes have substantially identical terms as the Initial Notes and will be treated as a single series with the Initial Notes under the indenture. The 2024 Notes were issued and sold at an offering price of 98.625% of their principal amount, plus accrued and unpaid interest from, and including, October 1, 2017. The indentures governing the 2024 Notes contain various restrictive covenants, including, among others, limitations on the Company's 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 limit the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 The following table details the KWE unsecured bonds as of December 31, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 KWE Bonds $ 662.9 $ 637.3 KWE Euro Medium Term Note Programme 614.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,277.6 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,274.2 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium (discount) as of December 31, 2019 and 2018 was $(3.1) million and $(3.7) million , respectively. KWE has £500 million of 3.95% fixed-rate senior unsecured bonds due 2022 that have a carrying value of $662.9 million and $637.3 million as of December 31, 2019 and 2018 , respectively. KWE effectively reduced the interest rate to 3.35% as a result of entering into swap agreements to convert 50% of the proceeds into Euros. In addition, KWE has a £2.0 billion (approximately $2.7 billion based on December 31, 2019 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. KWE issued senior unsecured notes for an aggregate principal amount of approximately $617.6 million (based on December 31, 2019 rates) ( €550 million ) (the "KWE Notes"). The KWE Notes were issued at a discount with an annual fixed coupon of 3.25% , and mature in 2025 . As KWE invests proceeds from the KWE Notes to fund equity investments in new euro denominated assets, KWE designates the KWE Notes as net investment hedges under FASB ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the year ended December 31, 2019 , Kennedy Wilson recognized a gain of $36.8 million in accumulated other comprehensive income due to the weakening of the euro against the GBP during the period. 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, 2019 , KWE was in compliance with these financial covenants.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
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. Kennedy Wilson earned related party fees of $26.1 million , $15.3 million and $12.0 million for the periods ended December 31, 2019 , 2018 and 2017 , respectively. The Company provides asset and property management and other property related 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, 2019 , 2018 and 2017 fees of $18.1 million , $13.6 million and $26.4 million

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The table below represents a geographical breakdown of book income before the provision for income taxes: Year ended December 31, (Dollars in millions) 2019 2018 2017 Domestic $ 249.5 $ 156.5 $ 90.6 Foreign 113.0 113.6 31.1 Total $ 362.5 $ 270.1 $ 121.7 The U.S. and foreign components of provision for (benefit from) provision for 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) 2019 2018 2017 Federal Current $ — $ — $ (0.3 ) Deferred 31.2 33.4 (17.9 ) 31.2 33.4 (18.2 ) State Current 0.3 — 0.1 Deferred (4.6 ) 10.6 (3.1 ) (4.3 ) 10.6 (3.0 ) Foreign Current 14.4 18.4 8.4 Deferred 0.1 (4.4 ) (3.5 ) 14.5 14.0 4.9 Total $ 41.4 $ 58.0 $ (16.3 ) A reconciliation of the statutory federal income tax rate of 21% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2019 2018 2017 Tax computed at the statutory rate $ 76.1 $ 56.7 $ 42.6 TCJA federal rate change — — (44.8 ) Tax deduction in excess of book compensation from restricted stock vesting 0.3 1.8 (3.7 ) Domestic permanent differences, primarily disallowed executive compensation 6.1 3.8 1.3 Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom 1.3 1.4 6.1 Effect of foreign tax operations on U.S. taxes, net of foreign tax credits and valuation allowance (16.8 ) 1.1 1.6 Noncontrolling interests (22.2 ) (15.1 ) (15.0 ) State income taxes, net of federal benefit — 8.0 (3.8 ) Other (3.4 ) 0.3 (0.6 ) Provision for (benefit from) income taxes $ 41.4 $ 58.0 $ (16.3 ) Cumulative tax effects of temporary differences are shown below at December 31, 2019 and 2018 : Year ended December 31, (Dollars in millions) 2019 2018 Deferred tax assets: Foreign currency translation $ 4.9 $ 9.1 Net operating loss carryforward and credits 138.6 102.3 Investment basis difference 96.2 121.6 Stock option expense 1.3 3.5 Hedging transactions 7.2 — Marketable securities — 0.1 Accrued reserves — 0.1 Total deferred tax assets 248.2 236.7 Valuation allowance (209.2 ) (131.1 ) Net deferred tax assets 39.0 105.6 Deferred tax liabilities: Investment basis and reserve differences 145.7 121.3 Depreciation and amortization 2.8 65.0 Hedging transactions — 5.4 Prepaid expenses and other 2.4 1.7 Capitalized interest 1.3 1.4 Total deferred tax liabilities 152.2 194.8 Deferred tax asset (liability), net $ (113.2 ) $ (89.2 ) The United Kingdom enacted Finance Act 2019, which introduced a new capital gain tax for non-UK resident investors who dispose of UK real estate. The new capital gain tax law became effective April 6, 2019. Beginning on this date, non-UK resident investors are subject to UK tax on gains arising from the direct and indirect dispositions of UK real estate held for investment purposes. Transitional provisions allow rebasing of UK real estate values to fair market value as of April 5, 2019 ("UK Basis Step-Up"), because only gains arising from property value increases after such date is subject to tax. The step-up led to a higher tax basis relative to the carrying value of the UK real estate, thus resulting in a UK deferred tax asset of $107.0 million . The realizability of this deferred tax asset is dependent on future disposition of real estate at a fair market value in excess of appraised value as of April 5, 2019. Given uncertainties surrounding Brexit and its potential impact on future real estate values, the Company concluded that the U.K. deferred tax asset did not meet the more likely than not threshold of being realizable and therefore, a full valuation allowance is necessary. During March 2018, Kennedy Wilson elected to treat KWE as a partnership for U.S. tax purposes retroactive to December 29, 2017. Due to unrealized foreign exchange losses not yet deductible for tax purposes and the consideration paid to acquire the non-controlling interests in KWE exceeding the book carrying value of the non-controlling interests in KWE, the Company’s tax basis in KWE exceeded its book carrying value at December 29, 2017 and December 31, 2018. Prior to the election to treat KWE as a partnership, KWE was taxed as a controlled foreign corporation. As a controlled foreign corporation, the Company was precluded from recognizing a deferred tax asset for its tax basis in excess of book carrying value for its investment in KWE as the excess tax basis from the investment was not expected to reverse in the foreseeable future. However, as a result of the conversion of KWE to a partnership for U.S. tax purposes, the Company was required to record a deferred tax asset for its investment in KWE. As of December 31, 2018, the Company recorded a $98.3 million deferred tax asset related to its excess tax basis over book carrying value for its investment in KWE. As a significant portion of the excess tax basis would only reverse upon a strengthening of foreign currencies or upon a disposition of KWE, the Company determined that a valuation allowance of $98.3 million was required for the tax basis that was in excess of the Company’s carrying value for its investment in KWE as it did not meet the more likely than not threshold of being realizable and therefore, a full valuation allowance was necessary. During 2019 and 2018, a portion of the excess tax basis over book basis in KWE reversed as a result of lower tax gains on sales of real estate. As of December 31, 2019, Kennedy Wilson’s excess tax basis in KWE and the related valuation allowance is $77.1 million and $72.6 million , respectively. The U.S. federal tax legislation commonly known as the Tax Cuts and Jobs Act (the “TCJA”), was signed into law on December 22, 2017. The TCJA amends a range of U.S. federal tax rules applicable to businesses and international taxation with most provisions having taken effect beginning January 1, 2018. These changes include lowering the federal corporate income tax rate from a top marginal rate of 35% to a flat rate of 21% and imposing additional limitations on deductibility of executive compensation. During the fourth quarter of 2017, we adjusted our net U.S. deferred tax liability down to the new federal tax rate and recorded a $44.8 million tax benefit. During 2018, we completed our analysis of TCJA impacts and recorded an insignificant adjustment in the 2018 financial statements with respect to the federal rate change. As the IRS, Treasury Regulations or state taxing authorities issue further guidance or interpretation of relevant aspects of the new tax law, our federal and state taxable income computations may be adjusted accordingly. As of December 31, 2019 , Kennedy Wilson had federal, California and other state net operating losses of $122.2 million , $94.9 million and $18.3 million , which begin to expire in 2034 and 2031, respectively. Approximately $34.9 million of the federal net operating losses relate to tax years after December 31, 2017. The post-2017 federal net operating losses do not expire but are only eligible to offset 80% of taxable income. As of December 31, 2019 , Kennedy Wilson had $226.5 million of foreign net operating loss carryforwards, which have no expiration date. The Company has foreign tax credit carryforwards of $52.6 million , which begin to expire in 2023. The Company's valuation allowance on deferred tax assets increased by $78.1 million in 2019 and increased by $98.4 million in 2018 . The increase in 2019 principally relates to the valuation allowance recorded against the deferred tax asset established for the U.K. Basis Step-Up, offset by a decrease in the valuation allowance related to the partnership investment in KWE. The Company’s excess tax basis over book basis in KWE and the related valuation allowance decreased as a result of KWE’s disposition of real estate during 2019. The increase in the 2018 valuation allowance principally relates to the partnership investment in KWE. During July 2019, the IRS initiated an income tax examination of the Company’s federal consolidated tax return for the period ended December 31, 2017. Items requested by the IRS thus far are standard schedules utilized and produced during the normal course of tax return preparation. As of December 31, 2019, the Company is not aware of specific tax position under the scrutiny of the IRS. There were no gross unrecognized tax benefits at December 31, 2019 and 2018 . 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 state income tax returns remain open to examination for the years 2016 through 2018 and 2015 through 2018, respectively. However, due to the existence of prior year loss carryovers, the IRS may examine any tax years for which the carryovers are used to offset future taxable income. Our foreign subsidiaries’ tax returns remain open to examination for the years 2015 through 2018. The Spanish loss carryovers may be subject to tax examination for a period of 10 years from the period in which such losses were generated.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Future minimum lease payments under scheduled operating and ground leases that have initial or remaining noncancelable terms in excess of one year are as follows: (Dollars in millions) Year ending December 31, 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total minimum payments $ 39.7 Rental expense was $1.4 million , $4.1 million , and $4.3 million for the years ended December 31, 2019 , 2018 and 2017 , respectively, and is included in general and administrative expense in the accompanying consolidated statements of income. CAPITAL COMMITMENTS—As of December 31, 2019 and 2018 , the Company has unfunded capital commitments of $109.2 million and $99.3 million to its joint ventures under the respective operating agreements. In addition to the unfunded capital commitments on its joint venture investments, the Company has $72.7 million of equity commitments relating on consolidated and unconsolidated development projects. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of the Company's capital commitment obligations. 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, 2019
Share-based Payment Arrangement [Abstract]
STOCK COMPENSATION PLANS	STOCK COMPENSATION PLANS In July 2014, Kennedy Wilson adopted and its shareholders approved the Amended and Restated 2009 Equity Participation Plan (the "First Amended and Restated Plan") under which an additional 6.0 million shares of common stock were reserved for issuance pursuant to grants of restricted stock and other awards to officers, employees, non-employee directors and consultants. During the years ended December 31, 2016, 2015 and 2014, 1.0 million , 1.7 million and 3.3 million , respectively, of restricted common stock were granted under the First Amended and Restated Plan. The terms of the awards granted under the First Amended and Restated Plan were set by the Company's compensation committee at its discretion. The shares of restricted common stock granted under the First Amended and Restated Plan have vested or will vest, as applicable, ratably over a three , four or five -year period based on the achievement of certain performance targets. The performance periods that will be measured for these awards are the Company’s fiscal years ending from December 31, 2014 through December 31, 2020. The shares of restricted common stock 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, 2019 , 5,883,597 shares vested and 136,400 have been forfeited. As of December 31, 2019 , there was $0.3 million of unrecognized compensation cost for the First Amended and Restated Plan related to unvested restricted shares which will vest over the next year . In June 2017, Kennedy Wilson adopted and its shareholders approved the Second Amended and Restated 2009 Equity Participation Plan (the "Second Amended and Restated Plan") under which an additional 3.3 million shares of common stock were reserved for issuance pursuant to grants of restricted stock and other awards to officers, employees, non-employee directors and consultants. During the years ended December 31, 2019 and 2018, the compensation committee of the board of directors approved the total grant of 1.9 million restricted stock units and 1.4 million shares of performance-based restricted shares of Company common stock or performance-based restricted stock units covering Company common stock, respectively, subject to vesting based on the Company’s total shareholder return (the “TSR restricted awards”), performance-based restricted shares of Company common stock or performance-based restricted stock units covering Company common stock subject to vesting based on the Company’s return on equity (the “ROE awards”), and time-based restricted shares of Company common stock or time-based restricted stock units covering Company common stock (the “time-based awards”) (collectively, the “awards”), under the Second Amended and Restated Plan. Up to 100% of the TSR awards will be eligible to vest based on the Company's total shareholder return relative to the MSCI World Real Estate Index during a three -year performance period (subject to continued employment through the vesting date), with the actual number of shares subject to such TSR awards that vest and cease to be subject to restrictions with respect to the performance period determined by multiplying (i) the total number of shares subject to the TSR award by (ii) the applicable vesting percentage (which is determined based on the level of the Company's relative total shareholder return attained during the performance period). Up to one-third of the ROE awards will be eligible to vest with respect to each Company fiscal year of the performance period (each, a “performance year”) to the extent that the Company satisfies the return on equity goals for such performance year (subject to continued employment through the vesting date). One-third of the time-based awards will vest on each of the first three anniversaries of the grant date, subject to continued employment through the vesting date. Stock-based compensation expense is based on the fair values on the date of grant for the ROE awards and time-based awards. Certain ROE awards and time-based awards were granted with 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 12.5% discount was applied to the grant price of these shares when computing stock compensation expense. The fair value of the TSR awards are estimated using a Monte Carlo simulation. From inception of the plan through December 31, 2019, 957,233 shares have vested and 15,000 shares have been forfeited. As of December 31, 2019, there was $35.0 million of unrecognized compensation cost for the Second Amended and Restated Plan related to unvested shares which will vest over the next three years . Upon vesting, the restricted stock granted to employees discussed directly above is net share-settled to cover the withholding tax. Shares that vested during the years ended December 31, 2019 , 2018 and 2017 were net-share settled such that the Company withheld shares with values equivalent to the employees’ minimum statutory obligations for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. The total shares withheld during the years ended December 31, 2019, 2018 and 2017 were 764,909 shares, 486,032 shares, and 1,460,251 shares respectively, and were valued based on the Company’s closing stock price on the respective vesting dates. During the years ended December 31, 2019 , 2018 and 2017, total payments for the employees’ tax obligations to the taxing authorities were $16.4 million , $8.8 million , and $37.9 million respectively. These figures are reflected as a financing activity on the accompanying consolidated statements of cash flows. During the years ended December 31, 2019 , 2018 and 2017 , Kennedy Wilson recognized $30.2 million , $37.1 million , and $38.4 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 income. The following table sets forth activity under the Amended and Restated Plan, the First Amended and Restated Plan, and the Second Amended and Restated Plan for the Company's fiscal years ending December 31, 2019, 2018 and 2017: Shares Nonvested at December 31, 2017 4,136,543 Granted 1,524,383 Vested (1,713,878 ) Forfeited (30,100 ) Nonvested at December 31, 2018 3,916,948 Granted 64,458 Vested (1,729,046 ) Forfeited — Nonvested at December 31, 2019 2,252,360

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
EQUITY	EQUITY Preferred Stock In October 2019, the Company announced the issuance of a $300 million perpetual preferred equity investment in Kennedy Wilson by affiliates of Eldridge Industries (collectively, "Eldridge"). Under the terms of the agreement, Eldridge purchased $300 million in convertible perpetual preferred stock carrying a 5.75% annual dividend rate, with an initial conversion price of $25.00 per share, representing a premium of 15% to the daily volume weighted average price per share of Kennedy Wilson’s common stock over the 20 trading days ending, and including, October 16, 2019. The preferred stock is callable by Kennedy Wilson on and after October 15, 2024. The convertible perpetual preferred stock is treated as permanent equity in accordance with ASC 480 Distinguishing Liabilities from Equity . Common Stock Repurchase Program On March 20, 2018, the Company announced that its board of directors authorized a $250.0 million stock repurchase program. Repurchases under the program may be made in the open market, in privately negotiated transactions, through the net settlement of the Company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the Company’s discretion. Kennedy Wilson had a $100 million stock repurchase program that expired on February 25, 2018. During the year ended December 31, 2019, Kennedy Wilson repurchased and retired 221,834 shares for $4.3 million . During the year ended December 31, 2018, Kennedy Wilson repurchased and retired 9,364,141 shares for $169.1 million under the previous stock repurchase program. KWE Acquisition On October 20, 2017, the Company completed its acquisition of all of the outstanding shares (other than shares owned by the Company or its subsidiaries or held in treasury) of KWE for $719.8 million in cash and issued 37,226,695 shares of KWH to shareholders of KWE stock. The KWE Acquisition was accounted for in accordance with ASC 810. Because KWH controlled KWE both before and after the KWE Transaction, the change in KWH’s ownership interest in KWE was accounted for as an equity transaction and no gain or loss was recognized in KWH’s consolidated statements of income resulting from the KWE Acquisition. The amount of cash paid and shares issued was greater than carrying value of noncontrolling interest in KWE as of the date of the transaction. The premium paid to the noncontrolling interest holders over their carrying value was recorded as additional paid in capital. The Company also was required to record inception to date unrealized foreign currency translation and foreign currency derivative contract losses that had previously been allocated to noncontrolling interest holders accumulated other comprehensive income with a corresponding entry to additional paid in capital which resulted in no net impact to Kennedy Wilson's shareholder's equity. Furthermore, transactions costs associated with the acquisition were recorded as a reduction of additional paid in capital. Dividend Distributions Kennedy Wilson declared and paid the following cash dividends on its common stock: (Dollars in millions) Year Ended December 31, 2019 Year Ended December 31, 2018 Declared Paid Declared Paid Common Stock (1) $ 121.1 $ 114.9 $ 113.7 $ 111.2 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Taxability of Dividends Earnings and profits, which determine the taxability of distributions to stockholders, may differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of revenue recognition, compensation expense, derivative investments and the basis of depreciable assets and estimated useful lives used to compute depreciation. The Company's dividends related to its common stock will be classified for U.S. federal income tax purposes as follows: Record Date Payment Date Distributions Per Share Ordinary Dividends Return of Capital 12/28/2018 1/3/2019 $ 0.2100 $ 0.0221 $ 0.1879 3/29/2019 4/4/2019 0.2100 0.0221 0.1879 6/28/2019 7/5/2019 0.2100 0.0221 0.1879 9/30/2019 10/3/2019 0.2100 0.0221 0.1879 Totals $ 0.8400 $ 0.0884 $ 0.7516 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 Interest Rate Swaps Total Accumulated Other Comprehensive Income (1) Balance at December 31, 2018 $ (94.1 ) $ 11.0 $ — $ (83.1 ) Unrealized (losses) gains, arising during the period (12.9 ) 35.6 (0.9 ) 21.8 Taxes on unrealized (losses) gains, arising during the period (0.4 ) 3.1 0.2 2.9 Amounts reclassified out of AOCI during the period, gross 23.5 (12.9 ) — 10.6 Amounts reclassified out of AOCI during the period, taxes (3.8 ) 3.6 — (0.2 ) Noncontrolling interest (10.6 ) — — (10.6 ) Balance (of Kennedy Wilson's share) at December 31, 2019 $ (98.3 ) $ 40.4 $ (0.7 ) $ (58.6 ) (1) As a result of the KWE Transaction the Company was required to record inception to date accumulated other comprehensive losses of $358.4 million associated with noncontrolling interest holders of KWE. This amount has been excluded from the beginning and ending balances of the table to give a more appropriate depiction of the Company's accumulated other comprehensive loss activity. If this amount is included, the accumulated other comprehensive loss would be $417.2 million and $441.5 million as of December 31, 2019 and 2018 , respectively. The local currencies for our interests in foreign operations include the euro and the British pound sterling. 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 income are translated at the average exchange rates during the respective period. Unrealized losses on foreign currency translation is a result of the weakening of the euro and British pound sterling against the U.S. dollar during the year ended December 31, 2019 . In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (Euro and GBP) of certain of its wholly-owned and consolidated subsidiaries. See note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts. As discussed throughout this report and prior to the KWE Transaction, we were required under U.S. GAAP to consolidate certain non-wholly owned subsidiaries or investments that we controlled. As such, during the year ended December 31, 2017 our financial statements reflected currency translation adjustments and related hedging activities on a gross basis. In many instances, these fluctuations were not reflective of the actual foreign currency exposure of the underlying consolidated subsidiary. Noncontrolling Interests Noncontrolling interests consist of the ownership interests of noncontrolling shareholders in consolidated subsidiaries, and are presented separately on Kennedy Wilson's balance sheet. As of December 31, 2019 and 2018 the Company has noncontrolling interest of $40.5 million and $184.5 million , respectively. See Note 4 for additional details. The Company also allocated $94.4 million of income, $10.6 million of other comprehensive income and received contributions of $15.0 million to noncontrolling interest holders.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE In accordance with 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. The following is a summary of the elements used in calculating basic and diluted income per share for the years ended December 31, 2019 , 2018 and 2017 : 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) 2019 2018 2017 Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 224.1 $ 150.0 $ 100.5 Net income and dividends allocated to participating securities (0.3 ) (0.9 ) (1.1 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 223.8 149.1 99.4 Dividends declared on common shares (121.1 ) (113.0 ) (86.5 ) Undistributed earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 102.7 $ 36.1 $ 12.9 Distributed earnings per share $ 0.85 $ 0.78 $ 0.70 Undistributed earnings per share 0.75 0.26 0.13 Income per basic 1.60 1.04 0.83 Income per diluted $ 1.58 $ 1.04 $ 0.83 Weighted-average shares outstanding for basic 139,729,573 142,895,472 119,147,192 Weighted average shares outstanding for diluted 141,501,323 144,753,421 119,147,192 Dividends declared per common share $ 0.85 $ 0.78 $ 0.70 There was a total of 13,133,785 , 0 and 1,080,092 during the years ended December 31, 2019 , 2018 and 2017 potentially dilutive securities were not included in the diluted weighted average shares as they were anti-dilutive, respectively. Potentially anti-dilutive securities include preferred stock and unvested restricted stock grants.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Kennedy Wilson is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through our investment management platform. To complement its investment business, the Company also provides real estate services primarily to financial services clients. Kennedy Wilson’s segment disclosure with respect to the determination of segment profit or loss and segment assets is based on these two core segments: KW Investments and KW Investment Management and Real Estate Services (IMRES). KW Investments invests in multifamily, office, retail, industrial and residential properties as well as loans secured by real estate. IMRES 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 61% as of December 31, 2019 . 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. KW Investment Management and Real Estate Services (IMRES) IMRES encompasses the Company fee generating businesses which includes both the Company's investment management platform as well as the Company's third-party services business. The Company's clients include financial institutions, institutional investors, insurance companies, developers, builders, government agencies and prior to the KWE Transaction shareholders of KWE. IMRES has five main lines of business: investment management, property services, research (up until sale during fourth quarter 2018), 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 IMRES segment. The Company manages approximately 49 million square feet of properties for the Company and its investment partners in the United States, Europe, and Asia, which includes assets we have ownership interests in and third party owned assets. With 14 offices throughout the United States, the United Kingdom, Ireland, Jersey and Spain, we have the capabilities and resources to provide investment management and property services to real estate owners as well as the experience, as a real estate investor, to understand client concerns. Additionally, IMRES 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, 2019 , 2018 and 2017 and total assets as of December 31, 2019 and 2018 . Year Ended December 31, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 447.4 $ — $ — $ 447.4 Hotel 80.5 — — 80.5 Sale of real estate 1.1 — — 1.1 Investment management, property services and research fees — 40.7 — 40.7 Total revenue 529.0 40.7 — 569.7 Expenses Rental 152.9 — — 152.9 Hotel 60.1 — — 60.1 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — 3.8 — 3.8 Compensation and related 72.2 22.9 56.7 151.8 General and administrative 27.6 7.8 7.0 42.4 Depreciation and amortization 187.6 — — 187.6 Total expenses 501.6 34.5 63.7 599.8 Income from unconsolidated investments, net of depreciation and amortization 143.4 36.3 — 179.7 Gain on sale of real estate, net 434.4 — — 434.4 Acquisition-related expenses (6.8 ) — — (6.8 ) Interest expense (145.6 ) — (69.5 ) (215.1 ) Other income 2.8 — (2.4 ) 0.4 Provision for income taxes (14.5 ) — (26.9 ) (41.4 ) Net income (loss) 441.1 42.5 (162.5 ) 321.1 Net income attributable to noncontrolling interests (94.4 ) — — (94.4 ) Preferred dividends and accretion of preferred stock issuance costs — — (2.6 ) (2.6 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 346.7 $ 42.5 $ (165.1 ) $ 224.1 Year Ended December 31, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 514.6 $ — $ — $ 514.6 Hotel 155.7 — — 155.7 Sale of real estate 56.8 — — 56.8 Investment management, property services and research fees — 45.3 — 45.3 Total revenue 727.1 45.3 — 772.4 Expenses Rental 160.8 — — 160.8 Hotel 121.5 — — 121.5 Cost of real estate sold 52.5 — — 52.5 Commission and marketing — 5.9 — 5.9 Compensation and related 73.5 33.5 61.8 168.8 General and administrative 31.6 12.1 7.1 50.8 Depreciation and amortization 205.8 0.3 — 206.1 Total expenses 645.7 51.8 68.9 766.4 Income from unconsolidated investments, net of depreciation and amortization 51.3 27.4 — 78.7 Gain on sale of real estate, net 371.8 — — 371.8 Gain on sale of business — 40.4 — 40.4 Acquisition-related expenses (1.7 ) — — (1.7 ) Interest expense (161.0 ) — (77.2 ) (238.2 ) Other income 1.8 — 11.3 13.1 (Provision for) benefit from income taxes (14.0 ) — (44.0 ) (58.0 ) Net income (loss) 329.6 61.3 (178.8 ) 212.1 Net income attributable to noncontrolling interests (62.1 ) — — (62.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 267.5 $ 61.3 $ (178.8 ) $ 150.0 Year Ended December 31, 2017 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 504.7 $ — $ — $ 504.7 Hotel 127.5 — — 127.5 Sale of real estate 111.5 — — 111.5 Investment management, property services and research fees — 42.9 — 42.9 Loan purchases, loan originations and other 15.2 — — 15.2 Total revenue 758.9 42.9 — 801.8 Expenses Rental 151.2 — — 151.2 Hotel 100.3 — — 100.3 Cost of real estate sold 80.2 — — 80.2 Commission and marketing — 7.2 — 7.2 Compensation and related 76.7 35.2 65.3 177.2 General and administrative 26.0 11.3 4.9 42.2 Depreciation and amortization 212.2 0.3 — 212.5 Total expenses 646.6 54.0 70.2 770.8 Income from unconsolidated investments, net of depreciation and amortization 66.4 11.4 — 77.8 Gain on sale of real estate, net 226.7 — — 226.7 Acquisition-related expenses (4.4 ) — — (4.4 ) Interest expense (145.6 ) — (72.1 ) (217.7 ) Other (expense) income (5.1 ) — 13.4 8.3 Benefit from (provision for) income taxes (4.8 ) — 21.1 16.3 Net income (loss) 245.5 0.3 (107.8 ) 138.0 Net income attributable to noncontrolling interests (37.5 ) — — (37.5 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 208.0 $ 0.3 $ (107.8 ) $ 100.5 December 31, (Dollars in millions) 2019 2018 Assets Investments $ 6,945.1 $ 7,155.0 Services 61.1 64.3 Corporate 298.3 162.5 Total assets $ 7,304.5 $ 7,381.8 December 31, (Dollars in millions) 2019 2018 2017 Expenditures for long lived assets Investments $ (210.9 ) $ (355.8 ) $ (567.6 ) Geographic Information The revenue shown in the table below is allocated based upon the region in which services are performed. Year Ended December 31, (Dollars in millions) 2019 2018 2017 United States $ 275.7 $ 327.7 $ 307.6 Europe 294.0 444.7 493.2 Japan — — 1.0 Total revenue $ 569.7 $ 772.4 $ 801.8

GUARANTOR AND NON-GUARANTOR FIN

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 , respectively; consolidating statements of income and comprehensive (loss) income for the years ended December 31, 2019 , 2018 and 2017 , respectively; and condensed consolidating statements of cash flows for the years ended December 31, 2019 , 2018 and 2017 , 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 Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of December 31, 2019 or 2018 and for the years ended December 31, 2019 , 2018 or 2017 . CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ — $ 573.9 Accounts receivable — — 13.9 38.2 — 52.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,052.3 3,027.9 — 5,080.2 Unconsolidated investments — 18.2 526.0 790.4 — 1,334.6 Investments in and advances to consolidated subsidiaries 1,682.3 3,037.5 1,660.5 — (6,380.3 ) — Other assets — — 61.1 202.6 — 263.7 Total assets $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 Liabilities Accounts Payable — 0.9 3.4 16.1 — 20.4 Accrued expenses and other liabilities 34.4 247.2 59.7 176.7 — 518.0 Mortgage debt — — 1,315.9 1,325.1 — 2,641.0 KW unsecured debt — 1,131.7 — — — 1,131.7 KWE unsecured bonds — — — 1,274.2 — 1,274.2 Total liabilities 34.4 1,379.8 1,379.0 2,792.1 — 5,585.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,678.7 1,682.3 3,037.5 1,660.5 (6,380.3 ) 1,678.7 Noncontrolling interests — — — 40.5 40.5 Total equity 1,678.7 1,682.3 3,037.5 1,701.0 (6,380.3 ) 1,719.2 Total liabilities and equity $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 1.9 $ 101.9 $ 384.2 $ — $ 488.0 Accounts receivable — 0.8 4.4 51.4 — 56.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,870.6 3,831.9 — 5,702.5 Unconsolidated investments — 19.2 433.4 407.3 — 859.9 Investments in and advances to consolidated subsidiaries 1,276.9 2,652.7 1,458.3 — (5,387.9 ) — Other assets — 0.9 68.6 205.3 — 274.8 Total assets $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 Liabilities Accounts Payable $ — $ 0.7 $ 1.9 $ 21.5 $ — $ 24.1 Accrued expenses and other liabilities 30.2 195.9 70.0 217.6 — 513.7 Mortgage debt — — 1,212.6 1,737.7 — 2,950.3 KW unsecured debt — 1,202.0 — — — 1,202.0 KWE unsecured bonds — — — 1,260.5 — 1,260.5 Total liabilities 30.2 1,398.6 1,284.5 3,237.3 — 5,950.6 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,246.7 1,276.9 2,652.7 1,458.3 (5,387.9 ) 1,246.7 Noncontrolling interests — — — 184.5 — 184.5 Total equity 1,246.7 1,276.9 2,652.7 1,642.8 (5,387.9 ) 1,431.2 Total liabilities and equity $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 173.6 $ 273.8 $ — $ 447.4 Hotel — — — 80.5 — 80.5 Sale of real estate — — — 1.1 — 1.1 Investment management, property services, and research fees — 0.8 36.6 3.3 — 40.7 Total revenue — 0.8 210.2 358.7 — 569.7 Expenses Rental — — 64.3 88.6 — 152.9 Hotel — — — 60.1 — 60.1 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 3.8 — — 3.8 Compensation and related (includes $30.2, $37.1, and $38.4 of share-based compensation) 31.8 75.0 39.2 5.8 — 151.8 General and administrative — 19.8 15.9 6.7 — 42.4 Depreciation and amortization — 1.1 62.5 124.0 — 187.6 Total expenses 31.8 95.9 185.7 286.4 — 599.8 Income from unconsolidated investments, net of depreciation and amortization — 0.1 83.3 96.3 — 179.7 Income from consolidated subsidiaries 352.8 547.7 479.8 — (1,380.3 ) — Gain on sale of real estate, net — — 8.2 426.2 — 434.4 Acquisition-related expenses — (3.1 ) (0.2 ) (3.5 ) — (6.8 ) Interest expense — (69.5 ) (49.2 ) (96.4 ) — (215.1 ) Other income 0.1 (0.3 ) 0.2 0.4 — 0.4 Income before provision from income taxes 321.1 379.8 546.6 495.3 (1,380.3 ) 362.5 (Provision for) benefit from income taxes — (26.9 ) 1.1 (15.6 ) — (41.4 ) Net income 321.1 352.9 547.7 479.7 (1,380.3 ) 321.1 Net loss attributable to the noncontrolling interests — — — (94.4 ) — (94.4 ) Preferred dividends and accretion of preferred stock issuance costs (2.6 ) — — — — (2.6 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 318.5 $ 352.9 $ 547.7 $ 385.3 $ (1,380.3 ) $ 224.1 CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 168.4 $ 346.2 $ — $ 514.6 Hotel — — — 155.7 — 155.7 Sale of real estate — — — 56.8 — 56.8 Investment management, property services, and research fees — — 41.9 3.4 — 45.3 Total revenue — — 210.3 562.1 — 772.4 Expenses Rental — — 62.3 98.5 — 160.8 Hotel — — — 121.5 — 121.5 Cost of real estate sold — — — 52.5 — 52.5 Commission and marketing — — 5.9 — — 5.9 Compensation and related 37.1 71.3 55.1 5.3 — 168.8 General and administrative — 20.3 21.2 9.3 — 50.8 Depreciation and amortization — 1.3 56.9 147.9 — 206.1 Total expenses 37.1 92.9 201.4 435.0 — 766.4 Income from unconsolidated investments — (1.3 ) 60.3 19.7 — 78.7 Income from consolidated subsidiaries 249.2 451.3 332.7 — (1,033.2 ) — Gain on sale of real estate, net — — 61.4 310.4 — 371.8 Gain on sale of business — — 40.4 — — 40.4 Acquisition-related gains — — — — — — Acquisition-related expenses — (0.1 ) (1.1 ) (0.5 ) — (1.7 ) Interest expense — (77.1 ) (52.8 ) (108.3 ) — (238.2 ) Other income (loss) — 13.3 0.1 (0.3 ) — 13.1 Income before benefit from (provision for) income taxes 212.1 293.2 449.9 348.1 (1,033.2 ) 270.1 Benefit from (provision for) income taxes — (44.0 ) 1.4 (15.4 ) — (58.0 ) Net (loss) income 212.1 249.2 451.3 332.7 (1,033.2 ) 212.1 Net income attributable to the noncontrolling interests — — — (62.1 ) — (62.1 ) Preferred dividends and accretion of preferred stock issuance costs — — — — — — Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 212.1 $ 249.2 $ 451.3 $ 270.6 $ (1,033.2 ) $ 150.0 CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 143.9 $ 360.8 $ — $ 504.7 Hotel — — — 127.5 — 127.5 Sale of real estate — — 2.3 109.2 — 111.5 Investment management, property services, and research fees — — 34.7 8.2 — 42.9 Loan purchases, loan originations, and other — — 0.5 14.7 — 15.2 Total revenue — — 181.4 620.4 — 801.8 Expenses Rental — — 54.7 96.5 — 151.2 Hotel — — — 100.3 — 100.3 Cost of real estate sold — — 1.8 78.4 — 80.2 Commission and marketing — — 7.0 0.2 — 7.2 Compensation and related 38.4 78.3 52.8 7.7 — 177.2 General and administrative — 14.0 17.6 10.6 — 42.2 Depreciation and amortization — 1.4 50.1 161.0 — 212.5 Total expenses 38.4 93.7 184.0 454.7 — 770.8 Income from unconsolidated investments — 3.7 41.7 32.4 — 77.8 Income from consolidated subsidiaries 176.4 307.5 256.2 — (740.1 ) — Gain on sale of real estate, net — — 46.6 180.1 — 226.7 Gain on sale of business — — — — — — Acquisition-related gains — — — — — — Acquisition-related expenses — — (1.3 ) (3.1 ) — (4.4 ) Interest expense — (72.1 ) (38.0 ) (107.6 ) — (217.7 ) Other income (loss) — 9.9 1.6 (3.2 ) — 8.3 Income (loss) before provision for income taxes 138.0 155.3 304.2 264.3 (740.1 ) 121.7 (Provision for) benefit from income taxes — 21.1 3.3 (8.1 ) — 16.3 Net income (loss) 138.0 176.4 307.5 256.2 (740.1 ) 138.0 Net income attributable to the noncontrolling interests — — — (37.5 ) — (37.5 ) Preferred dividends and accretion of preferred stock issuance costs — — — — — — Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 138.0 $ 176.4 $ 307.5 $ 218.7 $ (740.1 ) $ 100.5 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 321.1 $ 352.9 $ 547.7 $ 479.7 $ (1,380.3 ) $ 321.1 Other comprehensive income (loss), net of tax: Unrealized loss on interest rate swaps (0.7 ) (0.7 ) — — 0.7 (0.7 ) Unrealized foreign currency translation loss (13.3 ) (13.3 ) 16.1 (4.7 ) 1.9 (13.3 ) Amounts reclassified from accumulated other comprehensive income 10.4 10.4 — 10.4 (20.8 ) 10.4 Unrealized forward contract forward currency gain 38.7 38.7 (15.4 ) 54.1 (77.4 ) 38.7 Total other comprehensive income for the period $ 35.1 $ 35.1 $ 0.7 $ 59.8 $ (95.6 ) $ 35.1 Comprehensive income $ 356.2 $ 388.0 $ 548.4 $ 539.5 $ (1,475.9 ) $ 356.2 Comprehensive income attributable to noncontrolling interests — — — (105.0 ) — (105.0 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 356.2 $ 388.0 $ 548.4 $ 434.5 $ (1,475.9 ) $ 251.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 212.1 $ 249.2 $ 451.3 $ 332.7 $ (1,033.2 ) $ 212.1 Other comprehensive income (loss), net of tax: Unrealized gain on marketable securities — — — — — — Unrealized foreign currency translation loss (62.6 ) (62.6 ) (45.7 ) (61.6 ) 169.9 (62.6 ) Amounts reclassified from accumulated other comprehensive income 13.2 13.2 — 18.3 (31.5 ) 13.2 Unrealized forward contract forward currency (loss) gain 38.3 38.3 46.1 (7.8 ) (76.6 ) 38.3 Total other comprehensive (loss) income for the period (11.1 ) (11.1 ) 0.4 (51.1 ) 61.8 (11.1 ) Comprehensive income (loss) $ 201.0 $ 238.1 $ 451.7 $ 281.6 $ (971.4 ) $ 201.0 Comprehensive loss attributable to noncontrolling interests — — — (65.4 ) — (65.4 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 201.0 $ 238.1 $ 451.7 $ 216.2 $ (971.4 ) $ 135.6 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 138.0 $ 176.4 $ 307.5 $ 256.2 $ (740.1 ) $ 138.0 Other comprehensive loss, net of tax: Unrealized gain on marketable securities 0.2 0.2 — — (0.2 ) 0.2 Unrealized foreign currency translation gain (loss) 155.3 155.3 30.6 458.7 (644.6 ) 155.3 Amounts reclassified from accumulated other comprehensive income 2.0 2.0 — 2.0 (4.0 ) 2.0 Unrealized forward contract forward currency gain (loss) (68.3 ) (68.3 ) (21.9 ) (46.4 ) 136.6 (68.3 ) Total other comprehensive loss for the period 89.2 89.2 8.7 414.3 (512.2 ) 89.2 Comprehensive (loss) income $ 227.2 $ 265.6 $ 316.2 $ 670.5 $ (1,252.3 ) $ 227.2 Comprehensive loss attributable to noncontrolling interests — — — (124.2 ) — (124.2 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 227.2 $ 265.6 $ 316.2 $ 546.3 $ (1,252.3 ) $ 103.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (3.7 ) $ (130.4 ) $ 24.1 $ 90.5 $ (19.5 ) Cash flows from investing activities: Proceeds from collection of loans — — 0.6 — 0.6 Issuance of loans — — (2.3 ) (0.4 ) (2.7 ) Nonrefundable escrow deposits — — — — — Net proceeds from sale of consolidated real estate — — 27.6 673.4 701.0 Purchases of consolidated real estate — — (97.5 ) (113.4 ) (210.9 ) Capital expenditures to real estate — — (59.8 ) (131.3 ) (191.1 ) Investing distributions from unconsolidated investments — 0.8 80.6 33.6 115.0 Contributions to unconsolidated investments — (1.7 ) (153.9 ) (110.4 ) (266.0 ) Proceeds from settlement of foreign currency derivative contracts — — 33.4 — 33.4 Purchases of foreign currency derivative contracts — — — — — Additions to development project asset — — — (1.2 ) (1.2 ) Proceeds from development project asset — — — 4.2 4.2 (Investments in) distributions from consolidated subsidiaries, net (122.5 ) 210.8 160.3 (248.6 ) — Net cash (used in) provided by investing activities (122.5 ) 209.9 (11.0 ) 105.9 182.3 Cash flow from financing activities: Borrowings under senior notes payable — — — — — Borrowings under line of credit/term loan — 125.0 — — 125.0 Repayment of line of credit/term loan — (200.0 ) — — (200.0 ) Borrowings under mortgage debt — — 3.5 485.1 488.6 Repayment of mortgage debt — — (15.0 ) (376.4 ) (391.4 ) Payment of loan fees — — (0.8 ) (4.0 ) (4.8 ) Repayment of shareholder loans to noncontrolling interests — — — (11.2 ) (11.2 ) Repurchase of common stock (20.7 ) — — — (20.7 ) Issuance of preferred stock 295.2 — — — 295.2 Common stock dividends paid (114.9 ) — — — (114.9 ) Preferred stock dividends paid (2.6 ) — — — (2.6 ) Contributions from noncontrolling interests — — — 15.0 15.0 Distributions to noncontrolling interests — — — (264.0 ) (264.0 ) Net cash provided by (used in) financing activities 157.0 (75.0 ) (12.3 ) (155.5 ) (85.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 8.9 8.9 Net change in cash and cash equivalents 30.8 4.5 0.8 49.8 85.9 Cash and cash equivalents, beginning of year — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of year $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ 573.9 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by operating activities $ (1.2 ) $ (133.7 ) $ 66.3 $ 161.7 $ 93.1 Cash flows from investing activities: Additions to loans — — (0.9 ) (1.3 ) (2.2 ) Collections of loans — — 5.8 — 5.8 Nonrefundable escrow deposits — (5.0 ) — — (5.0 ) Net proceeds from sale of real estate — — 161.2 1,224.9 1,386.1 Net proceeds from sale of a business — — 43.4 — 43.4 Purchases of and additions to real estate — — (242.3 ) (113.5 ) (355.8 ) Capital expenditures to real estate — — (27.9 ) (188.1 ) (216.0 ) Investment in marketable securities — (0.2 ) — — (0.2 ) Proceeds from sale of marketable securities — — 7.4 — 7.4 Investing distributions from unconsolidated investments — — 25.9 37.8 63.7 Contributions to unconsolidated investments — (1.2 ) (92.9 ) (302.0 ) (396.1 ) Proceeds from settlement of foreign currency derivative contracts — 10.7 — — 10.7 Purchases of foreign currency derivative contracts — (0.6 ) — — (0.6 ) Additions to development project asset — — — (29.1 ) (29.1 ) Proceeds from development project asset — — — 81.0 81.0 (Investments in) distributions from consolidated subsidiaries, net 290.3 81.4 55.8 (427.5 ) — Net cash (used in) provided by investing activities 290.3 85.1 (64.5 ) 282.2 593.1 Cash flow from financing activities: Borrowings under senior notes payable — 246.6 — — 246.6 Borrowings under lines of credit/term loan — 225.0 — — 225.0 Repayment of lines of credit/term loan — (450.0 ) — — (450.0 ) Borrowings under mortgage debt — — 325.3 399.7 725.0 Repayment of mortgage debt — — (278.1 ) (588.7 ) (866.8 ) Debt issue costs — (4.5 ) (2.0 ) (3.0 ) (9.5 ) Repurchase of common stock (177.9 ) — — — (177.9 ) Dividends paid (111.2 ) — — — (111.2 ) KWE closing dividend — — — (17.2 ) (17.2 ) Contributions from noncontrolling interests — — — 23.2 23.2 Distributions to noncontrolling interests — — — (116.0 ) (116.0 ) Net cash provided by financing activities (289.1 ) 17.1 45.2 (302.0 ) (528.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (20.7 ) (20.7 ) Net change in cash and cash equivalents — (31.5 ) 47.0 121.2 136.7 Cash and cash equivalents, beginning of year — 33.4 54.9 263.0 351.3 Cash and cash equivalents, end of year $ — $ 1.9 $ 101.9 $ 384.2 $ 488.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2017 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities: $ (15.3 ) $ (182.8 ) $ (51.4 ) $ 322.5 $ 73.0 Cash flows from investing activities: Collections of loans — — 6.4 10.5 16.9 Net proceeds from sale of real estate — — 130.8 528.3 659.1 Purchases of and additions to real estate — — (421.6 ) (146.0 ) (567.6 ) Capital expenditures to real estate — — (0.9 ) (245.8 ) (246.7 ) Investment in marketable securities — — (0.8 ) — (0.8 ) Proceeds from sale of marketable securities — — 1.1 — 1.1 Investing distributions from unconsolidated investments — — 95.2 38.2 133.4 Contributions to unconsolidated investments — — (49.8 ) (30.1 ) (79.9 ) Proceeds from settlement of foreign currency derivative contracts — (2.8 ) — — (2.8 ) Purchases of foreign currency derivative contracts — (0.4 ) — — (0.4 ) Additions to development project asset — — — (19.4 ) (19.4 ) Proceeds from development project asset — — — 36.9 36.9 (Investments in) distributions from consolidated subsidiaries, net 198.0 (126.2 ) 166.3 (238.1 ) — Net cash (used in) provided by investing activities 198.0 (129.4 ) (73.3 ) (65.5 ) (70.2 ) Cash flow from financing activities: Repayment of senior notes payable — (55.0 ) — — (55.0 ) Costs associated with KWE Transaction (55.8 ) — — — (55.8 ) Borrowings under lines of credit — 800.0 — — 800.0 Repayment of lines of credit — (500.0 ) — — (500.0 ) Borrowings under investment debt — — 239.5 608.8 848.3 Repayment of investment debt — — (103.4 ) (581.3 ) (684.7 ) Debt issue costs — (5.4 ) (1.9 ) (2.2 ) (9.5 ) Repurchase of common stock (67.7 ) — — — (67.7 ) Cash paid to acquire noncontrolling interests in KWE — — — (719.8 ) (719.8 ) Dividends paid (59.2 ) — — — (59.2 ) Acquisitions of noncontrolling interests — — — (3.3 ) (3.3 ) Contributions from noncontrolling interests — — — 47.4 47.4 Distributions from noncontrolling interests — — — (106.0 ) (106.0 ) Net cash provided by (used in) financing activities (182.7 ) 239.6 134.2 (756.4 ) (565.3 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 28.1 28.1 Net change in cash and cash equivalents — (72.6 ) 9.5 (471.3 ) (534.4 ) Cash and cash equivalents, beginning of year — 106.0 45.4 734.3 885.7 Cash and cash equivalents, end of year $ — $ 33.4 $ 54.9 $ 263.0 $ 351.3

UNAUDITED QUARTERLY INFORMATION

UNAUDITED QUARTERLY INFORMATION	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY INFORMATION	UNAUDITED QUARTERLY INFORMATION (Dollars in millions, except earnings per share amounts) Year ended December 31, 2019 Fourth Quarter Third Quarter Second Quarter First Quarter Revenues $ 142.3 $ 143.0 $ 143.7 $ 140.7 Expenses 155.0 147.9 143.8 153.1 Other income (expenses) (1) 177.9 34.5 162.2 18.0 Income (loss) before provision for income taxes 165.2 29.6 162.1 5.6 Benefit from (provision for) income taxes (6.3 ) (10.2 ) (20.9 ) (4.0 ) Net income (loss) 158.9 19.4 141.2 1.6 Net income attributable to noncontrolling interests 1.6 1.3 (90.4 ) (6.9 ) Preferred dividends and accretion of preferred stock issuance costs $ (2.6 ) $ — $ — $ — Net income (loss) attributable to Kennedy-Wilson $ 157.9 $ 20.7 $ 50.8 $ (5.3 ) Basic earnings (loss) per share $ 1.13 $ 0.15 $ 0.36 $ (0.04 ) Diluted earnings (loss) per share $ 1.12 $ 0.15 $ 0.36 $ (0.04 ) (1) The fourth quarter of 2019 includes $112.4 million of gain on sale of real estate, net relating to two assets that the Company sold a 20% interest and are now deconsolidated and treated as unconsolidated investments. (Dollars in millions, except earnings per share amounts) Year ended December 31, 2018 Fourth Third Second First Revenues $ 178.7 $ 185.8 $ 218.3 $ 190.7 Expenses 187.8 177.2 212.5 188.9 Other income (expenses) 66.3 11.2 190.9 (5.4 ) Income (loss) before provision for income taxes 57.2 19.8 196.7 (3.6 ) Benefit from (provision for) income taxes (24.3 ) (6.9 ) (29.4 ) 2.6 Net income 32.9 12.9 167.3 (1.0 ) Net income attributable to noncontrolling interests (2.2 ) (0.8 ) (57.7 ) (1.4 ) Net income (loss) attributable to Kennedy-Wilson $ 30.7 $ 12.1 $ 109.6 $ (2.4 ) Basic earnings (loss) per share $ 0.21 $ 0.09 $ 0.77 $ (0.02 ) Diluted earnings (loss) per share $ 0.21 $ 0.09 $ 0.77 $ (0.02 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date these financial statements were issued. The Company concluded that other than as disclosed elsewhere in the notes to the consolidated financial statements, subsequent events have occurred that would require disclosure in the consolidated financial statements.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Kennedy-Wilson Holdings, Inc. Schedule III—Real Estate and Accumulated Depreciation December 31, 2019 (Dollars in millions) Initial Cost Costs Capitalized Subsequent to Acquisition Gross Balance at December 31, 2019 (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 Office Southern California $ 35.0 $ 11.2 $ 18.5 $ 34.6 $ 11.5 $ 54.1 $ 65.6 $ (6.1 ) 39 yrs 1955/1981/1982 2013 Retail Mountain States 1.3 0.5 1.2 0.4 0.5 1.6 2.1 (0.2 ) 39 yrs 1981 2013 Retail Mountain States 10.2 2.1 2.9 1.8 1.8 4.7 6.5 (0.5 ) 39 yrs 1958/1974-1976/1985/1989/2006 2013 Retail Mountain States 4.6 2.6 5.6 1.2 2.6 6.8 9.4 (1.0 ) 39 yrs 1980/1983 2013 Retail Southern California 27.0 9.1 14.0 11.7 9.1 25.7 34.8 (2.9 ) 39 yrs 1985 2014 Commercial portfolio United Kingdom — 30.9 80.9 18.2 24.9 82.5 107.4 (12.6 ) 39 yrs Various 2014 Commercial portfolio United Kingdom 33.2 79.8 294.3 17.5 57.7 239.3 297.0 (37.8 ) 39 yrs Various 2014 Office Ireland — 2.0 4.4 — 1.3 5.6 6.9 (0.7 ) 39 yrs Various 2014 Office Ireland — 13.9 21.9 0.3 11.5 67.0 78.5 (6.4 ) 39 yrs 1973/2016 2014 Office Ireland 79.0 8.2 102.6 — 6.7 84.6 91.3 (11.6 ) 39 yrs 2003 2014 Retail Ireland 97.7 59.8 83.1 25.0 49.4 93.6 143.0 (8.9 ) 39 yrs 1966/2005 2014 Office Ireland 76.9 20.4 73.8 3.7 16.8 64.6 81.4 (10.2 ) 39 yrs 1980 2014 Office United Kingdom — 85.3 232.0 20.3 71.3 214.2 285.5 (36.5 ) 39 yrs 2003 2014 Retail United Kingdom 70.4 6.2 109.5 7.2 5.0 94.7 99.7 (13.1 ) 39 yrs 2010 2014 Office Southern California 49.5 37.8 60.5 13.1 37.8 73.6 111.4 (9.4 ) 39 yrs 1982 2015 Office Southern California 28.8 11.6 36.5 4.5 11.6 40.9 52.5 (5.9 ) 39 yrs 1968 2015 Office Southern California 35.0 20.7 47.9 25.8 20.7 53.9 74.6 (6.6 ) 39 yrs 1982 2015 Commercial portfolio United Kingdom 308.2 181.6 286.0 14.3 151.0 248.3 399.3 (30.3 ) 39 yrs Various 2015 Office portfolio United Kingdom — 32.9 65.8 11.8 34.7 60.5 95.2 (5.9 ) 39 yrs Various 2015 Retail portfolio Spain — 2.4 6.6 — 2.4 6.8 9.2 (0.7 ) 39 yrs Various 2015 Retail Spain 40.3 27.1 46.2 12.7 29.8 63.4 93.2 (5.5 ) 39 yrs 1995 2015 Office portfolio Ireland — 0.8 5.9 — 0.8 6.1 6.9 (0.6 ) 39 yrs Various 2015 Office portfolio Italy — 26.3 74.8 0.6 32.5 92.9 125.4 (9.3 ) 39 yrs Various 2015 Retail Mountain States 7.0 2.6 9.5 3.0 2.6 12.4 15.0 (0.9 ) 39 yrs 1961 2016 Office building Ireland — 2.0 11.9 0.1 2.0 12.2 14.2 (1.2 ) 39 yrs 2007 2016 Retail Mountain States 28.6 9.3 30.0 1.0 9.3 31.0 40.3 (2.7 ) 39 yrs 1984/2008 2016 Industrial United Kingdom — 6.9 8.8 0.3 8.5 7.4 15.9 (0.7 ) 39 yrs 1984/2003 2016 Office portfolio United Kingdom — 32.1 70.4 1.8 29.4 66.1 95.5 (6.1 ) 39 yrs Various 2016 Office Ireland — 4.2 64.0 1.8 4.1 64.2 68.3 (5.7 ) 39 yrs 2009 2016 Industrial United Kingdom — 5.0 9.2 — 5.2 9.6 14.8 (0.7 ) 39 yrs 2002 2016 Retail Mountain States 4.3 1.3 5.6 0.5 1.3 6.1 7.4 (0.5 ) 39 yrs 1995/1996 2016 Retail Pacific Northwest 7.2 2.3 8.1 — 2.3 8.1 10.4 (0.6 ) 39 yrs 1956 2017 Office Pacific Northwest 77.0 30.6 106.0 0.7 30.6 106.7 137.3 (7.0 ) 39 yrs 1999/2001 2017 Retail Mountain States 12.3 4.1 12.2 0.1 4.1 12.3 16.4 (0.8 ) 39 yrs 1967/1983 2017 Office Ireland — 4.9 18.5 11.3 4.6 28.9 33.5 (0.6 ) 39 yrs 1841 2017 Office Ireland 11.6 11.0 — 19.0 10.5 19.0 29.5 — 39 yrs 1840/2000 2017 Office Southern California 16.0 27.4 6.8 1.4 27.4 8.3 35.7 (0.3 ) 39 yrs 1956 2018 Office Northern California 61.8 23.5 57.3 — 23.5 57.3 80.8 (0.3 ) 39 yrs 2000 2019 Office United Kingdom 66.2 25.2 27.8 1.0 23.5 32.8 56.3 (0.5 ) 39 yrs 1997 2019 Office Ireland 50.6 7.2 31.7 — 7.3 32.5 39.8 (0.2 ) 39 yrs 2009 2019 Industrial United Kingdom 10.3 3.8 11.5 — 3.9 11.8 15.7 — 39 yrs 1990/2010 2019 Multifamily 450-unit asset Mountain States 45.2 18.4 43.0 6.7 18.4 49.7 68.1 (11.3 ) 39 yrs 1974 2013 178-unit asset Northern California 31.4 12.3 18.5 9.0 12.3 27.4 39.7 (8.6 ) 39 yrs 1975 2012 217-unit asset Pacific Northwest 22.8 2.6 41.4 3.3 2.5 42.5 45.0 (9.0 ) 39 yrs 2011 2012 366-unit asset Mountain States 53.3 9.1 36.3 10.4 9.1 46.7 55.8 (13.0 ) 39 yrs 2000 2012 203-unit asset Pacific Northwest 19.5 2.6 23.8 2.6 2.6 26.4 29.0 (4.9 ) 39 yrs 2005 2014 542-unit asset Northern California 90.8 38.3 57.5 9.7 38.3 67.3 105.6 (13.0 ) 39 yrs 1987 2014 324-unit asset Mountain States 25.3 3.2 28.5 6.7 3.2 35.2 38.4 (6.7 ) 39 yrs 1996 2014 280-unit asset Pacific Northwest 37.3 6.0 40.2 2.3 6.0 42.6 48.6 (6.3 ) 39 yrs 2004/2006 2014 750-unit asset Pacific Northwest 82.0 22.1 78.2 9.2 22.1 87.4 109.5 (15.0 ) 39 yrs 1987 2014 Condo Pacific Northwest — — 0.2 — — 1.0 1.0 (0.1 ) 39 yrs 2005 2014 294-unit asset United Kingdom — 22.1 84.0 16.9 19.9 92.5 112.4 (8.2 ) 39 yrs 2012 2015 208-unit asset Southern California 37.7 9.3 37.3 5.0 9.3 42.3 51.6 (6.6 ) 39 yrs 2004 2015 1,008-unit asset Northern California 175.0 62.7 152.4 19.3 62.3 171.7 234.0 (24.3 ) 39 yrs 1988 2015 460-unit asset Southern California 46.7 13.2 53.0 4.5 13.2 57.5 70.7 (7.7 ) 39 yrs 1988 2015 204-unit asset Mountain States 14.3 2.0 17.6 2.6 2.0 20.3 22.3 (2.3 ) 39 yrs 1999 2016 168-unit asset Mountain States 10.9 1.8 13.1 2.2 1.8 15.2 17.0 (1.9 ) 39 yrs 1992 2016 430-unit asset Pacific Northwest 62.5 12.8 67.4 3.2 12.8 70.6 83.4 (6.8 ) 39 yrs 2006 2016 386-unit asset Southern California 66.0 — 81.4 7.8 — 89.3 89.3 (8.5 ) 39 yrs 2002 2016 157-unit asset Southern California 42.9 14.5 46.0 1.1 14.5 47.1 61.6 (4.2 ) 39 yrs 2013 2016 Land Southern California — 0.6 — — 3.6 — 3.6 — 39 yrs N/A 2018 408-unit asset Pacific Northwest 60.4 9.2 83.3 3.6 9.3 86.9 96.2 (7.5 ) 39 yrs 1998 2016 300-unit asset Mountain States 22.0 4.8 29.2 4.2 4.8 33.4 38.2 (2.3 ) 39 yrs 1995 2017 210-unit asset Pacific Northwest 29.0 11.0 46.7 0.7 11.0 47.5 58.5 (2.9 ) 39 yrs 2007 2017 200-unit asset Mountain States 20.7 1.4 25.9 0.6 1.4 26.5 27.9 (1.6 ) 39 yrs 2012 2017 264-unit asset Pacific Northwest 25.3 6.4 44.9 3.8 6.4 48.7 55.1 (3.1 ) 39 yrs 1997 2017 343-unit asset Pacific Northwest 84.0 26.8 107.4 — 26.8 107.6 134.4 (5.8 ) 39 yrs 2016 2017 179-unit asset Pacific Northwest 33.0 11.9 47.4 0.2 11.9 48.6 60.5 (2.6 ) 39 yrs 2013 2017 88-unit asset Mountain States 8.6 2.6 10.4 1.0 2.6 11.4 14.0 (0.7 ) 39 yrs 1988 2018 492-unit asset Mountain States 59.1 15.8 63.2 4.2 15.9 67.4 83.3 (3.7 ) 39 yrs 1985 2018 293-unit asset Mountain States 19.9 7.2 28.8 0.5 7.2 29.3 36.5 (1.1 ) 39 yrs 1995 2018 188-unit asset Mountain States 13.5 4.9 20.0 4.8 4.9 24.5 29.4 (0.9 ) 39 yrs 1985 2018 Land Mountain States 3.8 5.7 — — 20.0 — 20.0 — 39 yrs N/A 2018 222-unit asset Mountain States 28.8 9.6 38.6 1.0 9.6 39.5 49.1 (1.1 ) 39 yrs 1996 2018 Land Mountain States — 0.8 — — 4.8 — 4.8 — 39 yrs N/A 2018 Land Mountain States — 2.1 — — 2.5 — 2.5 — 39 yrs N/A 2018 Land Mountain States — 0.2 — — 0.6 — 0.6 — 39 yrs N/A 2018 Land Mountain States — — — — 0.9 — 0.9 — 39 yrs N/A 2019 Land Mountain States — — — — 0.2 — 0.2 — 39 yrs N/A 2019 Land Mountain States — 4.0 — — 18.4 — 18.4 39 yrs N/A 2019 360-unit asset Mountain States 52.8 16.4 65.7 — 16.4 65.7 82.1 (0.1 ) 39 yrs 2015 2019 Hotel Hotel Ireland 80.8 54.0 114.3 35.0 46.7 136.2 182.9 (21.7 ) 39 yrs 1824/2005 2014 Development Retail Spain — — 34.7 10.5 — 44.2 44.2 — N/A N/A 2015 Office Ireland — 0.5 3.4 6.7 0.5 16.4 16.9 — N/A Various 2015 Retail Spain — — 13.8 — — 13.9 13.9 — N/A N/A 2017 Retail Ireland — 17.2 — 2.8 17.1 2.8 19.9 — N/A N/A 2017 Land United Kingdom 4.2 — — 4.0 0.3 4.3 — N/A 2015 2018 2700 acres Hawaii — 31.7 3.7 0.7 41.3 4.3 45.6 (1.8 ) N/A 1912 2010 Grand Total $ 2,655.3 $ 1,378.6 $ 3,865.4 $ 469.5 $ 1,330.6 $ 4,099.9 $ 5,430.5 $ (466.8 ) (1) The tax basis of all the properties in aggregate totaled $5,224.7 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 Kennedy Wilson. Changes in real estate for the years ended December 31, 2019, 2018 and 2017 were as follows: For the year ended December 31, (Dollars in millions) 2019 2018 2017 Balance at the beginning of period $ 5,981.7 $ 6,578.6 $ 5,805.4 Additions during the period: Other acquisitions 176.2 210.3 179.5 Improvements 270.0 355.1 615.7 Foreign currency 26.7 (191.7 ) 426.9 Deductions during the period: Cost of real estate sold (1,024.1 ) (970.6 ) (448.9 ) Balance at close of period $ 5,430.5 $ 5,981.7 $ 6,578.6 Changes in accumulated depreciation for the years ended December 31, 2019, 2018 and 2017 were as follows: For the year ended December 31, (Dollars in millions) 2019 2018 2017 Balance at the beginning of period $ 406.5 $ 344.0 $ 230.3 Additions during the period: Depreciation expense 110.2 110.8 128.2 Deductions during the period: Dispositions (49.0 ) (36.0 ) (34.8 ) Foreign currency (0.9 ) (12.3 ) 20.3 Balance at close of period $ 466.8 $ 406.5 $ 344.0 See accompanying report of independent registered public accounting firm.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
BASIS OF PRESENTATION	The consolidated financial statements include the accounts of Kennedy Wilson and voting interest entities which it controls. All 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.
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 and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, 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. Management fees are primarily comprised of investment management and property services 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. The Company provides investment management and property services on investments it also has an ownership interest in. 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. Commissions primarily consist of acquisition and disposition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition 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 Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, 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. 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. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, was also adopted effective January 1, 2018. Management concluded that the new standard did not have a significant impact on the amount, timing or classification of real estate sales in the financial statements or related disclosures. This conclusion was based on the Company's current business mix and general approach to sales of real estate which are generally completed without seller financing or continuing involvement that would indicate that a performance obligation is not met at the time the transaction closes. With the adoption of ASC Subtopic 610-20, the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Interest income from investments in loans which Kennedy Wilson 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 Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25 Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality
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). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. 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 is valued, in part, based on third party valuations and management estimates also using an income approach.
UNCONSOLIDATED INVESTMENTS	Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson 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 Kennedy Wilson’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 ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson records its investments in certain commingled funds it manages and sponsors (the "Funds") that are investment companies under the ASC Topic 946, Financial Services - Investment Companies , 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. Additionally, Kennedy Wilson elected the fair value option for 31 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of our current operations. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. 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. The Company has concluded that performance fees to the Company, based on cumulative fund performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under Topic 820, Fair Value Measurement . Effective January 1, 2018, in connection with the adoption of Topic 606 the Company changed its policy for recognition and measurement of performance fees. This accounting policy change did not change the timing
DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS	The Company utilizes the nature of distributions approach and 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.  This enables Kennedy Wilson 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.
FAIR VALUE MEASUREMENTS	Kennedy Wilson 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 Topic 820 . Topic 820 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, is necessary, however, 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 ASC Subtopic 810-10, Noncontrolling Interests in Consolidated Financial Statements . Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the Consolidated Statements of Income at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated. Prior to the KWE Acquisition, management fees earned by KWE Manager for managing KWE were eliminated in consolidation however the amount attributable to the noncontrolling interest holders of KWE were recognized through net income (loss) attributable to noncontrolling interest holders.
FOREIGN CURRENCIES	The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their 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 and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage the effect of these fluctuations, the Company enters into hedging transactions, in the form of currency derivative contracts, that are designed to reduce its book equity exposure to foreign currencies. See Note 5 for a complete discussion on currency derivative contracts.
DERIVATIVE INSTRUMENTS AND HEDING ACTIVITIES	Kennedy Wilson 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. Fluctuations in foreign exchanges rates may have a significant impact on the Company's results of operations. In order to manage the potential exposure from adverse changes in foreign exchange rates arising from the Company’s net investments in foreign operations, the Company may enter into currency derivative contracts to hedge all or portions of the net investments in the Company’s non-U.S. dollar denominated foreign operations.
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 ASC Subtopic 350-20, Accounting for Goodwill
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. Kennedy Wilson's operations and financial position are affected by fluctuations in currency exchange rates between the euro and British pound sterling against the U.S. Dollar.
LONG-LIVED ASSETS	Kennedy Wilson 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 ASC Subtopic 360-10, Impairment of Long-Lived Assets . 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 Kennedy Wilson determines there are probable credit losses in Kennedy Wilson’s existing accounts receivable and is determined based on historical experience. Kennedy Wilson reviews its accounts receivable for probable credit losses on a quarterly basis.
CONCENTRATION OF CREDIT RISK	Financial instruments that subject Kennedy Wilson 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 Kennedy Wilson’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Italy. 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 convertible securities, and unvested stock which were outstanding during the period. Unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method.
COMPREHENSIVE (LOSS) INCOME	Comprehensive income (loss) 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 for the amount that shares were initially issued at with the excess paid going to retained earnings.
SHARE-BASED PAYMENT ARRANGEMENTS	Kennedy Wilson accounts for its share-based payment arrangements under the provisions of ASC Subtopic 718-10, Share-Based Payments. 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.
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 ASC Subtopic 740-10, Income Taxes, 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	ASC Topic 606 has 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 identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. On January 1, 2018, Kennedy Wilson adopted ASC Topic 606 and ASC Subtopic 610-20 transition guidance. See discussion above in revenue recognition for more detail. Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), and other related follow-on ASUs issued in connection with ASC Topic 842, 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). Lessees • 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. The Company identified no significant direct financing leases and as operating leases, the Company will continue to report lease expense 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. • Due to the adoption of ASU 2016-02 the Company has recorded a right of use asset and a corresponding lease liability of $13.6 million , which is recorded as a component of other assets, net and accrued expenses, respectively, in the accompanying consolidated balance sheets. The average remaining lease term is 80 years and weighted average discount rate is 3% as of December 31, 2019 . Lessors • 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. The new lease standard provides lessors a practical expedient to not separate rental recovery revenue from the associated rental revenue if certain criteria are met. The Company assessed these criteria and concluded that the timing and pattern of transfer for rental recoveries and the associated rental revenue are the same and its leases will continue to qualify as operating leases under which the Company will recognize rental revenue. Accordingly, the Company will account for and present rental revenue and rental recovery revenue as a single component. • The new lease standard requires that lessors expense, on an as-incurred basis, certain initial direct costs including the salaries and related costs for employees directly working on leasing activities. Prior to adoption, these costs could be capitalized. The Company did not typically incur costs such as these but to the extent that it does going forward they will be expensed in the period in which they are incurred • The Company has elected the practical expedients available for implementation and consequently there is no opening balance impact related to: (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. Further, because the accounting for leases by the lessor is substantially unchanged and it has elected the practical expedients to not separate rental recovery revenue from the associated rental revenue, the ASU did not have a significant impact on its results of operations or financial position. Consistent with the transition guidance under ASU 2018-11, Leases (Topic 842): Targeted Improvements , all prior period disclosures remain in accordance with ASC Topic 840. On January 1, 2017, Kennedy Wilson adopted ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting under the modified retrospective approach and recorded the cumulative impact of the accounting change through a reduction to the accumulated deficit of $9.3 million . This amount represents the cumulative excess tax benefits related to share-based compensation as of December 31, 2016 which had not been reflected as a deferred tax asset. As a result of adoption of ASU 2016-09, the excess tax benefits were reclassified to net operating loss carryover, resulting in an increase in our deferred tax asset by $9.3 million as of January 1, 2017. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , which addresses eight classification issues related to the statement of cash flows: (a) debt prepayment or debt extinguishment costs, (b) settlement of zero-coupon bonds, (c) contingent consideration payments made after a business combination (d) proceeds from the settlement of insurance claims, (e) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (f) distributions received from equity method investees, (g) beneficial interests in securitization transactions, and (h) separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is required to be adopted for public entities for fiscal years beginning after December 15, 2017. The adoption of this standard did not have a significant impact on Kennedy Wilson's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which clarifies how restricted cash and restricted cash equivalents should be presented on the statement of cash flows. The new guidance requires entities to include restricted cash and restricted cash equivalents as a component of the beginning and ending cash and cash equivalent balances on the statement of cash flows. ASU 2016-18 is required to be adopted for public entities for fiscal years beginning after December 15, 2017. The adoption of this standard did not have a significant impact on Kennedy Wilson's consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The ASU clarifies the definition of a business. The three elements of a business (inputs, processes, and outputs) has not changed, however, the amendment provides a framework to assist entities in evaluating whether these elements are present. The amended framework did not have a materially impact the Company’s financial statements. However, the amendment also includes a provision that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. Therefore, real estate acquisitions generally will no longer be considered a business and consequently not be accounted for under ASC Topic 805, Business Combinations . The Company has evaluated the likely impacts noting that (1) acquisition related costs will no longer be expensed as incurred and (2) regardless of the market value of a property at the acquisition date, acquisition related gains will no longer be recorded. ASU 2017-01 is required to be adopted for public entities for fiscal years beginning after December 15, 2017. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements, except that going forward the Company will no longer record acquisition related gains when acquiring controlling interests in real estate investments that are deemed asset acquisitions and the Company will now capitalize acquisition-related costs on completed transactions. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which requires an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. ASU 2017-04 is required to be adopted for public entities that are SEC filers, for annual and interim periods in fiscal years beginning after December 15, 2019. T he Company does not expect the ASU to have a significant impact on Kennedy Wilson's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities , which changes the recognition and presentation requirements of hedge accounting, including: eliminating the requirement to separately measure and report hedge ineffectiveness, and presenting all items that affect earnings in the same income statement line item as the hedged item. The ASU also provides new alternatives for (a) applying hedge accounting to additional hedging strategies, (b) measuring the hedged item in fair value hedges of interest rate risk, (c) reducing the cost and complexity of applying hedge accounting by easing the requirements for effectiveness testing, hedge documentation and application of the critical terms match method, and (d) reducing the risk of material error correction if a company applies the shortcut method inappropriately. This ASU is effective for public business entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220)—Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. This ASU is effective for all entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Disclosure Framework —Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements on fair value measurements in topic 820, Fair Value Measurement, including: the removal of valuation processes for Level 3 fair value measurements. The ASU also adds new requirements including (a) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring level 3 fair value measurements and (b) the range and weighted average of significant unobservable inputs used to develop level 3 fair value measurements. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2019. The Company does not expect the adoption of this standard to have a material impact on Kennedy's Wilson's consolidated financial statements. In June 2016, the FASB updated ASC Topic 326 Financial Instruments - Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2019. In addition, in November 2018 the FASB issued ASU 2018-19, which clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leases standard. The Company does not expect the adoption of this standard to have a material impact on Kennedy's Wilson's consolidated financial statements. The FASB did not issue any other ASUs during the year ended December 31, 2019 that the Company expects to be applicable and have a material impact on the Company's financial position or results of operations.

REAL ESTATE AND ACQUIRED IN P_2

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 Land $ 1,330.6 $ 1,371.3 Buildings 3,630.4 3,958.4 Building improvements 469.5 652.0 Acquired in-place lease values 352.9 344.4 5,783.4 6,326.1 Less accumulated depreciation and amortization (703.2 ) (623.6 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 5,080.2 $ 5,702.5 During the years ended December 31, 2019 , 2018 and 2017 , Kennedy Wilson recognized the following net gains on sale of real estate. Included in the net gains for December 31, 2018 is an impairment loss on a vacated office building in the United Kingdom which was subsequently sold. (Dollars in millions) Gain on sale of real estate Year ended December 31, Description Consolidated (1) NCI Net of NCI 2019 11 commercial properties and one hotel in the United Kingdom, one hotel in Ireland, 10 Spanish retail properties, five retail properties, one hotel, and one multifamily property in the Western United States, and the deconsolidation of previously consolidated real estate as discussed below $ 434.9 $ 116.7 $ 318.2 2018 26 commercial properties in United Kingdom, three commercial properties in Ireland, two commercials properties in Italy, six multifamily properties in Ireland, three multifamily properties in Western United States, and one residential property in Ireland, and one residential property in Western United States 369.6 70.6 299.0 2017 Three multifamily properties and one retail center in the Western U.S., one commercial development and three commercial properties in Ireland, one residential property in the United Kingdom, 25 commercial properties across the United Kingdom and Ireland, two condo unit sales in Spain and a residential property in Spain 258.0 43.3 214.7 (1)
Schedule of Business Acquisitions	During the year ended December 31, 2019 , Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. One multifamily property and one commercial property $ 39.9 $ 123.0 $ 37.2 $ 112.2 $ 87.9 United Kingdom One commercial property and one industrial property 29.0 39.2 2.9 58.6 12.5 Ireland One commercial property 7.2 31.7 3.4 44.0 (1.7 ) $ 76.1 $ 193.9 $ 43.5 $ 214.8 $ 98.7 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities. During the year ended December 31, 2018 , Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. Five multifamily properties, three land development and one commercial property $ 72.1 $ 167.5 $ 1.2 $ 145.8 $ 95.0 United Kingdom One residential property 4.2 — — — 4.2 Ireland One multifamily 11.1 96.0 2.1 61.3 47.9 $ 87.4 $ 263.5 $ 3.3 $ 207.1 $ 147.1 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities.
Lessor, Operating Lease, Payments to be Received, Maturity	The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at December 31, 2019 : (Dollars in millions) Minimum Rental Revenues (1) 2020 223.0 2021 222.1 2022 205.7 2023 169.2 2024 139.7 Thereafter 672.9 Total $ 1,632.6 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

UNCONSOLIDATED INVESTMENTS (Tab

UNCONSOLIDATED INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Joint Ventures by Investment Type and Geographic Location	The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 230.5 $ 78.1 $ 72.8 $ 139.6 $ 246.8 $ 767.8 Ireland 378.7 139.4 — — — 518.1 United Kingdom — 48.7 — — — 48.7 Total $ 609.2 $ 266.2 $ 72.8 $ 139.6 $ 246.8 $ 1,334.6 The following table details the Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2018 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 184.1 $ 47.0 $ 70.9 $ 102.5 $ 193.8 $ 598.3 Ireland 216.5 35.2 — — 251.7 United Kingdom — 9.9 — — 9.9 Total $ 400.6 $ 92.1 $ 70.9 $ 102.5 $ 193.8 $ 859.9
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, 2019 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 50.6 $ 91.5 $ 3.4 $ 1.0 $ 11.2 $ 13.6 $ 1.4 $ 5.1 $ 66.6 $ 111.2 Ireland 6.4 — 1.1 3.8 — — — — 7.5 3.8 Total $ 57.0 $ 91.5 $ 4.5 $ 4.8 $ 11.2 $ 13.6 $ 1.4 $ 5.1 $ 74.1 $ 115.0
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the years ended December 31, 2019 , 2018 and 2017: Year Ended December 31, (Dollars in millions) 2019 2018 2017 Income from unconsolidated investments - operating performance $ 35.5 $ 18.8 $ 16.4 Income from unconsolidated investments - realized gains 53.5 22.1 14.0 Income from unconsolidated investments - fair value 64.7 10.4 38.6 Income from unconsolidated investments - performance fees 36.3 27.4 8.8 Income from unconsolidated investments - impairment (10.3 ) — — $ 179.7 $ 78.7 $ 77.8
Schedule of Interest Income and Foreign Currency Gain (Loss) Recognized in Loan Pool Participations	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the years ended December 31, 2019 , 2018 and 2017: Year Ended December 31, (Dollars in millions) 2019 2018 2017 Income from unconsolidated investments - operating performance $ 35.5 $ 18.8 $ 16.4 Income from unconsolidated investments - realized gains 53.5 22.1 14.0 Income from unconsolidated investments - fair value 64.7 10.4 38.6 Income from unconsolidated investments - performance fees 36.3 27.4 8.8 Income from unconsolidated investments - impairment (10.3 ) — — $ 179.7 $ 78.7 $ 77.8

FAIR VALUE MEASUREMENTS AND T_2

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.4 $ 1,107.4 Net currency derivative contracts — (34.7 ) — (34.7 ) Total $ — $ (34.7 ) $ 1,107.4 $ 1,072.7 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, 2018 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 662.2 $ 662.2 Net currency derivative contracts — (15.8 ) — (15.8 ) Total $ — $ (15.8 ) $ 662.2 $ 646.4
Schedule of Investments in Joint Ventures Held at Fair Value	The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) December 31, 2019 December 31, 2018 FV Option $ 967.8 $ 559.7 Funds 139.6 102.5 Total $ 1,107.4 $ 662.2
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) 2019 2018 2017 Beginning balance $ 662.2 $ 380.7 $ 356.7 Unrealized and realized gains 154.5 85.4 58.7 Unrealized and realized losses (27.1 ) (34.8 ) (1.1 ) Contributions 199.3 335.9 59.9 Distributions (104.2 ) (76.3 ) (117.0 ) Non-cash contributions (distributions), net 222.7 (28.7 ) 23.5 Ending Balance $ 1,107.4 $ 662.2 $ 380.7
Schedule of the Funds and Fair Value Option Investments, Significant Inputs	The table below describes the range of inputs used as of December 31, 2019 for real estate assets: Estimated Rates Used For Capitalization Rates Discount Rates Multifamily 3.75% — 5.13% 5.50% — 8.00% Office 4.00% — 7.50% 5.00% — 8.50% Retail 6.50% — 8.50% 8.00% — 10.25% Hotel 6.00% — 7.75% 8.25% — 10.00% Residential N/A 12.00%
Schedule of Currency Forward Contracts	The table below details the currency forward contracts and currency option contracts Kennedy Wilson had as of December 31, 2019 : (Dollars in millions) December 31, 2019 Year Ended December 31, 2019 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains (Losses) Cash Received (Paid) Outstanding EUR USD € 175.0 $ 11.8 $ (0.2 ) $ 1.4 $ 5.9 $ — EUR (1) GBP € 240.8 — (41.0 ) 17.3 — — EUR (1)(2) GBP — — 36.8 — — GBP USD £ 600.0 20.8 (26.1 ) (25.7 ) — — Total Outstanding 32.6 (67.3 ) 29.8 5.9 — Settled EUR USD — — 2.4 0.1 2.9 GBP USD — — 3.4 — 30.5 Total Settled — — 5.8 0.1 33.4 Total $ 32.6 $ (67.3 ) $ 35.6 (3) $ 6.0 (4) $ 33.4 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax benefit of $3.1 million .

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: December 31, (Dollars in millions) 2019 2018 Straight line rent $ 47.3 $ 34.6 Hedge assets 32.6 43.7 Loan purchases and originations 29.4 27.8 Above-market leases, net of accumulated amortization of $51.0 million and $48.3 million at December 31, 2019 and 2018, respectively 26.1 37.2 Goodwill 23.9 23.9 Furniture and equipment net of accumulated depreciation of $21.9 and $37.9 at December 31, 2019 and December 31, 2018, respectively 23.7 31.4 Deferred taxes, net 24.4 24.7 Prepaid expenses 14.3 13.7 Right of use asset, net 13.6 — Leasing commissions, net of accumulated amortization of $4.7 million and $3.3 million at December 31, 2019 and 2018, respectively 11.9 11.5 Other, net of accumulated amortization of $2.0 million and $2.8 million at December 31, 2019 and 2018, respectively 9.0 10.9 Development project asset 3.3 6.6 VAT receivable 2.5 2.3 Deposits 1.7 6.5 Other Assets $ 263.7 $ 274.8
Lessee, Operating Lease, Liability, Maturity	The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total undiscounted rental payments 39.7 Less imputed interest (26.1 ) Total lease liability $ 13.6 Future minimum lease payments under scheduled operating and ground leases that have initial or remaining noncancelable terms in excess of one year are as follows: (Dollars in millions) Year ending December 31, 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total minimum payments $ 39.7

MORTGAGE DEBT (Tables)

MORTGAGE DEBT (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2019 and 2018 : (Dollars in millions) Carrying amount of mortgage debt as of December 31, (1) Mortgage Debt by Product Type Region 2019 2018 Multifamily (1) Western U.S. $ 1,324.7 $ 1,286.2 Commercial (1) United Kingdom 514.5 499.6 Commercial Western U.S. 405.4 385.3 Commercial (1) Ireland 289.6 438.9 Hotel Ireland 80.8 82.5 Commercial Spain 40.3 90.1 Multifamily (1) Ireland — 147.8 Hotel Western U.S. — 37.9 Mortgage debt (excluding loan fees) (1) 2,655.3 2,968.3 Unamortized loan fees (14.3 ) (18.0 ) Total Mortgage Debt $ 2,641.0 $ 2,950.3 (1) The mortgage debt payable balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium as of December 31, 2019 and 2018 was $4.0 million and $1.9 million , respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans subsequent to December 31, 2019 are as follows: (Dollars in millions) Aggregate Maturities 2020 (1) $ 116.2 2021 167.3 2022 298.0 2023 383.8 2024 201.2 Thereafter 1,484.8 2,651.3 Unamortized debt premium 4.0 Unamortized loan fees (14.3 ) Total Mortgage Debt $ 2,641.0 (1) The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on our A&R Facility.

KW UNSECURED DEBT (Tables)

KW UNSECURED DEBT (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of December 31, 2019 and 2018: December 31, (Dollars in millions) 2019 2018 Credit Facility $ — $ 75.0 Senior Notes (1) 1,146.1 1,145.3 KW Unsecured Debt 1,146.1 1,220.3 Unamortized loan fees (14.4 ) (18.3 ) Total KW Unsecured Debt $ 1,131.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of December 31, 2019 and 2018 was $3.9 million and $4.7 million , respectively. The following table details the KWE unsecured bonds as of December 31, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 KWE Bonds $ 662.9 $ 637.3 KWE Euro Medium Term Note Programme 614.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,277.6 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,274.2 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium (discount) as of December 31, 2019 and 2018 was $(3.1) million and $(3.7) million , respectively.

KWE UNSECURED BONDS (Tables)

KWE UNSECURED BONDS (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of December 31, 2019 and 2018: December 31, (Dollars in millions) 2019 2018 Credit Facility $ — $ 75.0 Senior Notes (1) 1,146.1 1,145.3 KW Unsecured Debt 1,146.1 1,220.3 Unamortized loan fees (14.4 ) (18.3 ) Total KW Unsecured Debt $ 1,131.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of December 31, 2019 and 2018 was $3.9 million and $4.7 million , respectively. The following table details the KWE unsecured bonds as of December 31, 2019 and 2018 : December 31, (Dollars in millions) 2019 2018 KWE Bonds $ 662.9 $ 637.3 KWE Euro Medium Term Note Programme 614.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,277.6 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,274.2 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan premium (discount) as of December 31, 2019 and 2018 was $(3.1) million and $(3.7) million , respectively.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The table below represents a geographical breakdown of book income before the provision for income taxes: Year ended December 31, (Dollars in millions) 2019 2018 2017 Domestic $ 249.5 $ 156.5 $ 90.6 Foreign 113.0 113.6 31.1 Total $ 362.5 $ 270.1 $ 121.7
Schedule of (Benefit from) Provision for Income Taxes	The U.S. and foreign components of provision for (benefit from) provision for 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) 2019 2018 2017 Federal Current $ — $ — $ (0.3 ) Deferred 31.2 33.4 (17.9 ) 31.2 33.4 (18.2 ) State Current 0.3 — 0.1 Deferred (4.6 ) 10.6 (3.1 ) (4.3 ) 10.6 (3.0 ) Foreign Current 14.4 18.4 8.4 Deferred 0.1 (4.4 ) (3.5 ) 14.5 14.0 4.9 Total $ 41.4 $ 58.0 $ (16.3 )
Reconciliation of the Statutory Federal Income Tax Rate	A reconciliation of the statutory federal income tax rate of 21% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2019 2018 2017 Tax computed at the statutory rate $ 76.1 $ 56.7 $ 42.6 TCJA federal rate change — — (44.8 ) Tax deduction in excess of book compensation from restricted stock vesting 0.3 1.8 (3.7 ) Domestic permanent differences, primarily disallowed executive compensation 6.1 3.8 1.3 Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom 1.3 1.4 6.1 Effect of foreign tax operations on U.S. taxes, net of foreign tax credits and valuation allowance (16.8 ) 1.1 1.6 Noncontrolling interests (22.2 ) (15.1 ) (15.0 ) State income taxes, net of federal benefit — 8.0 (3.8 ) Other (3.4 ) 0.3 (0.6 ) Provision for (benefit from) income taxes $ 41.4 $ 58.0 $ (16.3 )
Schedule of Deferred Tax Assets and Liabilities	Cumulative tax effects of temporary differences are shown below at December 31, 2019 and 2018 : Year ended December 31, (Dollars in millions) 2019 2018 Deferred tax assets: Foreign currency translation $ 4.9 $ 9.1 Net operating loss carryforward and credits 138.6 102.3 Investment basis difference 96.2 121.6 Stock option expense 1.3 3.5 Hedging transactions 7.2 — Marketable securities — 0.1 Accrued reserves — 0.1 Total deferred tax assets 248.2 236.7 Valuation allowance (209.2 ) (131.1 ) Net deferred tax assets 39.0 105.6 Deferred tax liabilities: Investment basis and reserve differences 145.7 121.3 Depreciation and amortization 2.8 65.0 Hedging transactions — 5.4 Prepaid expenses and other 2.4 1.7 Capitalized interest 1.3 1.4 Total deferred tax liabilities 152.2 194.8 Deferred tax asset (liability), net $ (113.2 ) $ (89.2 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total undiscounted rental payments 39.7 Less imputed interest (26.1 ) Total lease liability $ 13.6 Future minimum lease payments under scheduled operating and ground leases that have initial or remaining noncancelable terms in excess of one year are as follows: (Dollars in millions) Year ending December 31, 2020 $ 1.4 2021 1.4 2022 1.4 2023 0.8 2024 0.4 Thereafter 34.3 Total minimum payments $ 39.7

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Share Activity	The following table sets forth activity under the Amended and Restated Plan, the First Amended and Restated Plan, and the Second Amended and Restated Plan for the Company's fiscal years ending December 31, 2019, 2018 and 2017: Shares Nonvested at December 31, 2017 4,136,543 Granted 1,524,383 Vested (1,713,878 ) Forfeited (30,100 ) Nonvested at December 31, 2018 3,916,948 Granted 64,458 Vested (1,729,046 ) Forfeited — Nonvested at December 31, 2019 2,252,360

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash dividends on its common stock: (Dollars in millions) Year Ended December 31, 2019 Year Ended December 31, 2018 Declared Paid Declared Paid Common Stock (1) $ 121.1 $ 114.9 $ 113.7 $ 111.2 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. The Company's dividends related to its common stock will be classified for U.S. federal income tax purposes as follows: Record Date Payment Date Distributions Per Share Ordinary Dividends Return of Capital 12/28/2018 1/3/2019 $ 0.2100 $ 0.0221 $ 0.1879 3/29/2019 4/4/2019 0.2100 0.0221 0.1879 6/28/2019 7/5/2019 0.2100 0.0221 0.1879 9/30/2019 10/3/2019 0.2100 0.0221 0.1879 Totals $ 0.8400 $ 0.0884 $ 0.7516
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 Interest Rate Swaps Total Accumulated Other Comprehensive Income (1) Balance at December 31, 2018 $ (94.1 ) $ 11.0 $ — $ (83.1 ) Unrealized (losses) gains, arising during the period (12.9 ) 35.6 (0.9 ) 21.8 Taxes on unrealized (losses) gains, arising during the period (0.4 ) 3.1 0.2 2.9 Amounts reclassified out of AOCI during the period, gross 23.5 (12.9 ) — 10.6 Amounts reclassified out of AOCI during the period, taxes (3.8 ) 3.6 — (0.2 ) Noncontrolling interest (10.6 ) — — (10.6 ) Balance (of Kennedy Wilson's share) at December 31, 2019 $ (98.3 ) $ 40.4 $ (0.7 ) $ (58.6 ) (1) As a result of the KWE Transaction the Company was required to record inception to date accumulated other comprehensive losses of $358.4 million associated with noncontrolling interest holders of KWE. This amount has been excluded from the beginning and ending balances of the table to give a more appropriate depiction of the Company's accumulated other comprehensive loss activity. If this amount is included, the accumulated other comprehensive loss would be $417.2 million and $441.5 million as of December 31, 2019 and 2018 , respectively.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 2017 Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 224.1 $ 150.0 $ 100.5 Net income and dividends allocated to participating securities (0.3 ) (0.9 ) (1.1 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 223.8 149.1 99.4 Dividends declared on common shares (121.1 ) (113.0 ) (86.5 ) Undistributed earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 102.7 $ 36.1 $ 12.9 Distributed earnings per share $ 0.85 $ 0.78 $ 0.70 Undistributed earnings per share 0.75 0.26 0.13 Income per basic 1.60 1.04 0.83 Income per diluted $ 1.58 $ 1.04 $ 0.83 Weighted-average shares outstanding for basic 139,729,573 142,895,472 119,147,192 Weighted average shares outstanding for diluted 141,501,323 144,753,421 119,147,192 Dividends declared per common share $ 0.85 $ 0.78 $ 0.70

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 , 2018 and 2017 and total assets as of December 31, 2019 and 2018 . Year Ended December 31, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 447.4 $ — $ — $ 447.4 Hotel 80.5 — — 80.5 Sale of real estate 1.1 — — 1.1 Investment management, property services and research fees — 40.7 — 40.7 Total revenue 529.0 40.7 — 569.7 Expenses Rental 152.9 — — 152.9 Hotel 60.1 — — 60.1 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — 3.8 — 3.8 Compensation and related 72.2 22.9 56.7 151.8 General and administrative 27.6 7.8 7.0 42.4 Depreciation and amortization 187.6 — — 187.6 Total expenses 501.6 34.5 63.7 599.8 Income from unconsolidated investments, net of depreciation and amortization 143.4 36.3 — 179.7 Gain on sale of real estate, net 434.4 — — 434.4 Acquisition-related expenses (6.8 ) — — (6.8 ) Interest expense (145.6 ) — (69.5 ) (215.1 ) Other income 2.8 — (2.4 ) 0.4 Provision for income taxes (14.5 ) — (26.9 ) (41.4 ) Net income (loss) 441.1 42.5 (162.5 ) 321.1 Net income attributable to noncontrolling interests (94.4 ) — — (94.4 ) Preferred dividends and accretion of preferred stock issuance costs — — (2.6 ) (2.6 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 346.7 $ 42.5 $ (165.1 ) $ 224.1 Year Ended December 31, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 514.6 $ — $ — $ 514.6 Hotel 155.7 — — 155.7 Sale of real estate 56.8 — — 56.8 Investment management, property services and research fees — 45.3 — 45.3 Total revenue 727.1 45.3 — 772.4 Expenses Rental 160.8 — — 160.8 Hotel 121.5 — — 121.5 Cost of real estate sold 52.5 — — 52.5 Commission and marketing — 5.9 — 5.9 Compensation and related 73.5 33.5 61.8 168.8 General and administrative 31.6 12.1 7.1 50.8 Depreciation and amortization 205.8 0.3 — 206.1 Total expenses 645.7 51.8 68.9 766.4 Income from unconsolidated investments, net of depreciation and amortization 51.3 27.4 — 78.7 Gain on sale of real estate, net 371.8 — — 371.8 Gain on sale of business — 40.4 — 40.4 Acquisition-related expenses (1.7 ) — — (1.7 ) Interest expense (161.0 ) — (77.2 ) (238.2 ) Other income 1.8 — 11.3 13.1 (Provision for) benefit from income taxes (14.0 ) — (44.0 ) (58.0 ) Net income (loss) 329.6 61.3 (178.8 ) 212.1 Net income attributable to noncontrolling interests (62.1 ) — — (62.1 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 267.5 $ 61.3 $ (178.8 ) $ 150.0 Year Ended December 31, 2017 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 504.7 $ — $ — $ 504.7 Hotel 127.5 — — 127.5 Sale of real estate 111.5 — — 111.5 Investment management, property services and research fees — 42.9 — 42.9 Loan purchases, loan originations and other 15.2 — — 15.2 Total revenue 758.9 42.9 — 801.8 Expenses Rental 151.2 — — 151.2 Hotel 100.3 — — 100.3 Cost of real estate sold 80.2 — — 80.2 Commission and marketing — 7.2 — 7.2 Compensation and related 76.7 35.2 65.3 177.2 General and administrative 26.0 11.3 4.9 42.2 Depreciation and amortization 212.2 0.3 — 212.5 Total expenses 646.6 54.0 70.2 770.8 Income from unconsolidated investments, net of depreciation and amortization 66.4 11.4 — 77.8 Gain on sale of real estate, net 226.7 — — 226.7 Acquisition-related expenses (4.4 ) — — (4.4 ) Interest expense (145.6 ) — (72.1 ) (217.7 ) Other (expense) income (5.1 ) — 13.4 8.3 Benefit from (provision for) income taxes (4.8 ) — 21.1 16.3 Net income (loss) 245.5 0.3 (107.8 ) 138.0 Net income attributable to noncontrolling interests (37.5 ) — — (37.5 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 208.0 $ 0.3 $ (107.8 ) $ 100.5 December 31, (Dollars in millions) 2019 2018 Assets Investments $ 6,945.1 $ 7,155.0 Services 61.1 64.3 Corporate 298.3 162.5 Total assets $ 7,304.5 $ 7,381.8 December 31, (Dollars in millions) 2019 2018 2017 Expenditures for long lived assets Investments $ (210.9 ) $ (355.8 ) $ (567.6 )
Schedule of Revenue, by Geographical Areas	The revenue shown in the table below is allocated based upon the region in which services are performed. Year Ended December 31, (Dollars in millions) 2019 2018 2017 United States $ 275.7 $ 327.7 $ 307.6 Europe 294.0 444.7 493.2 Japan — — 1.0 Total revenue $ 569.7 $ 772.4 $ 801.8

GUARANTOR AND NON-GUARANTOR F_2

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ — $ 573.9 Accounts receivable — — 13.9 38.2 — 52.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,052.3 3,027.9 — 5,080.2 Unconsolidated investments — 18.2 526.0 790.4 — 1,334.6 Investments in and advances to consolidated subsidiaries 1,682.3 3,037.5 1,660.5 — (6,380.3 ) — Other assets — — 61.1 202.6 — 263.7 Total assets $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 Liabilities Accounts Payable — 0.9 3.4 16.1 — 20.4 Accrued expenses and other liabilities 34.4 247.2 59.7 176.7 — 518.0 Mortgage debt — — 1,315.9 1,325.1 — 2,641.0 KW unsecured debt — 1,131.7 — — — 1,131.7 KWE unsecured bonds — — — 1,274.2 — 1,274.2 Total liabilities 34.4 1,379.8 1,379.0 2,792.1 — 5,585.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,678.7 1,682.3 3,037.5 1,660.5 (6,380.3 ) 1,678.7 Noncontrolling interests — — — 40.5 40.5 Total equity 1,678.7 1,682.3 3,037.5 1,701.0 (6,380.3 ) 1,719.2 Total liabilities and equity $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 1.9 $ 101.9 $ 384.2 $ — $ 488.0 Accounts receivable — 0.8 4.4 51.4 — 56.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,870.6 3,831.9 — 5,702.5 Unconsolidated investments — 19.2 433.4 407.3 — 859.9 Investments in and advances to consolidated subsidiaries 1,276.9 2,652.7 1,458.3 — (5,387.9 ) — Other assets — 0.9 68.6 205.3 — 274.8 Total assets $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 Liabilities Accounts Payable $ — $ 0.7 $ 1.9 $ 21.5 $ — $ 24.1 Accrued expenses and other liabilities 30.2 195.9 70.0 217.6 — 513.7 Mortgage debt — — 1,212.6 1,737.7 — 2,950.3 KW unsecured debt — 1,202.0 — — — 1,202.0 KWE unsecured bonds — — — 1,260.5 — 1,260.5 Total liabilities 30.2 1,398.6 1,284.5 3,237.3 — 5,950.6 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,246.7 1,276.9 2,652.7 1,458.3 (5,387.9 ) 1,246.7 Noncontrolling interests — — — 184.5 — 184.5 Total equity 1,246.7 1,276.9 2,652.7 1,642.8 (5,387.9 ) 1,431.2 Total liabilities and equity $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8
Consolidating Statement of Operations	CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 173.6 $ 273.8 $ — $ 447.4 Hotel — — — 80.5 — 80.5 Sale of real estate — — — 1.1 — 1.1 Investment management, property services, and research fees — 0.8 36.6 3.3 — 40.7 Total revenue — 0.8 210.2 358.7 — 569.7 Expenses Rental — — 64.3 88.6 — 152.9 Hotel — — — 60.1 — 60.1 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 3.8 — — 3.8 Compensation and related (includes $30.2, $37.1, and $38.4 of share-based compensation) 31.8 75.0 39.2 5.8 — 151.8 General and administrative — 19.8 15.9 6.7 — 42.4 Depreciation and amortization — 1.1 62.5 124.0 — 187.6 Total expenses 31.8 95.9 185.7 286.4 — 599.8 Income from unconsolidated investments, net of depreciation and amortization — 0.1 83.3 96.3 — 179.7 Income from consolidated subsidiaries 352.8 547.7 479.8 — (1,380.3 ) — Gain on sale of real estate, net — — 8.2 426.2 — 434.4 Acquisition-related expenses — (3.1 ) (0.2 ) (3.5 ) — (6.8 ) Interest expense — (69.5 ) (49.2 ) (96.4 ) — (215.1 ) Other income 0.1 (0.3 ) 0.2 0.4 — 0.4 Income before provision from income taxes 321.1 379.8 546.6 495.3 (1,380.3 ) 362.5 (Provision for) benefit from income taxes — (26.9 ) 1.1 (15.6 ) — (41.4 ) Net income 321.1 352.9 547.7 479.7 (1,380.3 ) 321.1 Net loss attributable to the noncontrolling interests — — — (94.4 ) — (94.4 ) Preferred dividends and accretion of preferred stock issuance costs (2.6 ) — — — — (2.6 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 318.5 $ 352.9 $ 547.7 $ 385.3 $ (1,380.3 ) $ 224.1 CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 168.4 $ 346.2 $ — $ 514.6 Hotel — — — 155.7 — 155.7 Sale of real estate — — — 56.8 — 56.8 Investment management, property services, and research fees — — 41.9 3.4 — 45.3 Total revenue — — 210.3 562.1 — 772.4 Expenses Rental — — 62.3 98.5 — 160.8 Hotel — — — 121.5 — 121.5 Cost of real estate sold — — — 52.5 — 52.5 Commission and marketing — — 5.9 — — 5.9 Compensation and related 37.1 71.3 55.1 5.3 — 168.8 General and administrative — 20.3 21.2 9.3 — 50.8 Depreciation and amortization — 1.3 56.9 147.9 — 206.1 Total expenses 37.1 92.9 201.4 435.0 — 766.4 Income from unconsolidated investments — (1.3 ) 60.3 19.7 — 78.7 Income from consolidated subsidiaries 249.2 451.3 332.7 — (1,033.2 ) — Gain on sale of real estate, net — — 61.4 310.4 — 371.8 Gain on sale of business — — 40.4 — — 40.4 Acquisition-related gains — — — — — — Acquisition-related expenses — (0.1 ) (1.1 ) (0.5 ) — (1.7 ) Interest expense — (77.1 ) (52.8 ) (108.3 ) — (238.2 ) Other income (loss) — 13.3 0.1 (0.3 ) — 13.1 Income before benefit from (provision for) income taxes 212.1 293.2 449.9 348.1 (1,033.2 ) 270.1 Benefit from (provision for) income taxes — (44.0 ) 1.4 (15.4 ) — (58.0 ) Net (loss) income 212.1 249.2 451.3 332.7 (1,033.2 ) 212.1 Net income attributable to the noncontrolling interests — — — (62.1 ) — (62.1 ) Preferred dividends and accretion of preferred stock issuance costs — — — — — — Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 212.1 $ 249.2 $ 451.3 $ 270.6 $ (1,033.2 ) $ 150.0 CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 143.9 $ 360.8 $ — $ 504.7 Hotel — — — 127.5 — 127.5 Sale of real estate — — 2.3 109.2 — 111.5 Investment management, property services, and research fees — — 34.7 8.2 — 42.9 Loan purchases, loan originations, and other — — 0.5 14.7 — 15.2 Total revenue — — 181.4 620.4 — 801.8 Expenses Rental — — 54.7 96.5 — 151.2 Hotel — — — 100.3 — 100.3 Cost of real estate sold — — 1.8 78.4 — 80.2 Commission and marketing — — 7.0 0.2 — 7.2 Compensation and related 38.4 78.3 52.8 7.7 — 177.2 General and administrative — 14.0 17.6 10.6 — 42.2 Depreciation and amortization — 1.4 50.1 161.0 — 212.5 Total expenses 38.4 93.7 184.0 454.7 — 770.8 Income from unconsolidated investments — 3.7 41.7 32.4 — 77.8 Income from consolidated subsidiaries 176.4 307.5 256.2 — (740.1 ) — Gain on sale of real estate, net — — 46.6 180.1 — 226.7 Gain on sale of business — — — — — — Acquisition-related gains — — — — — — Acquisition-related expenses — — (1.3 ) (3.1 ) — (4.4 ) Interest expense — (72.1 ) (38.0 ) (107.6 ) — (217.7 ) Other income (loss) — 9.9 1.6 (3.2 ) — 8.3 Income (loss) before provision for income taxes 138.0 155.3 304.2 264.3 (740.1 ) 121.7 (Provision for) benefit from income taxes — 21.1 3.3 (8.1 ) — 16.3 Net income (loss) 138.0 176.4 307.5 256.2 (740.1 ) 138.0 Net income attributable to the noncontrolling interests — — — (37.5 ) — (37.5 ) Preferred dividends and accretion of preferred stock issuance costs — — — — — — Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 138.0 $ 176.4 $ 307.5 $ 218.7 $ (740.1 ) $ 100.5
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 321.1 $ 352.9 $ 547.7 $ 479.7 $ (1,380.3 ) $ 321.1 Other comprehensive income (loss), net of tax: Unrealized loss on interest rate swaps (0.7 ) (0.7 ) — — 0.7 (0.7 ) Unrealized foreign currency translation loss (13.3 ) (13.3 ) 16.1 (4.7 ) 1.9 (13.3 ) Amounts reclassified from accumulated other comprehensive income 10.4 10.4 — 10.4 (20.8 ) 10.4 Unrealized forward contract forward currency gain 38.7 38.7 (15.4 ) 54.1 (77.4 ) 38.7 Total other comprehensive income for the period $ 35.1 $ 35.1 $ 0.7 $ 59.8 $ (95.6 ) $ 35.1 Comprehensive income $ 356.2 $ 388.0 $ 548.4 $ 539.5 $ (1,475.9 ) $ 356.2 Comprehensive income attributable to noncontrolling interests — — — (105.0 ) — (105.0 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 356.2 $ 388.0 $ 548.4 $ 434.5 $ (1,475.9 ) $ 251.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 212.1 $ 249.2 $ 451.3 $ 332.7 $ (1,033.2 ) $ 212.1 Other comprehensive income (loss), net of tax: Unrealized gain on marketable securities — — — — — — Unrealized foreign currency translation loss (62.6 ) (62.6 ) (45.7 ) (61.6 ) 169.9 (62.6 ) Amounts reclassified from accumulated other comprehensive income 13.2 13.2 — 18.3 (31.5 ) 13.2 Unrealized forward contract forward currency (loss) gain 38.3 38.3 46.1 (7.8 ) (76.6 ) 38.3 Total other comprehensive (loss) income for the period (11.1 ) (11.1 ) 0.4 (51.1 ) 61.8 (11.1 ) Comprehensive income (loss) $ 201.0 $ 238.1 $ 451.7 $ 281.6 $ (971.4 ) $ 201.0 Comprehensive loss attributable to noncontrolling interests — — — (65.4 ) — (65.4 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 201.0 $ 238.1 $ 451.7 $ 216.2 $ (971.4 ) $ 135.6 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income (loss) $ 138.0 $ 176.4 $ 307.5 $ 256.2 $ (740.1 ) $ 138.0 Other comprehensive loss, net of tax: Unrealized gain on marketable securities 0.2 0.2 — — (0.2 ) 0.2 Unrealized foreign currency translation gain (loss) 155.3 155.3 30.6 458.7 (644.6 ) 155.3 Amounts reclassified from accumulated other comprehensive income 2.0 2.0 — 2.0 (4.0 ) 2.0 Unrealized forward contract forward currency gain (loss) (68.3 ) (68.3 ) (21.9 ) (46.4 ) 136.6 (68.3 ) Total other comprehensive loss for the period 89.2 89.2 8.7 414.3 (512.2 ) 89.2 Comprehensive (loss) income $ 227.2 $ 265.6 $ 316.2 $ 670.5 $ (1,252.3 ) $ 227.2 Comprehensive loss attributable to noncontrolling interests — — — (124.2 ) — (124.2 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 227.2 $ 265.6 $ 316.2 $ 546.3 $ (1,252.3 ) $ 103.0
Condensed Consolidated Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (3.7 ) $ (130.4 ) $ 24.1 $ 90.5 $ (19.5 ) Cash flows from investing activities: Proceeds from collection of loans — — 0.6 — 0.6 Issuance of loans — — (2.3 ) (0.4 ) (2.7 ) Nonrefundable escrow deposits — — — — — Net proceeds from sale of consolidated real estate — — 27.6 673.4 701.0 Purchases of consolidated real estate — — (97.5 ) (113.4 ) (210.9 ) Capital expenditures to real estate — — (59.8 ) (131.3 ) (191.1 ) Investing distributions from unconsolidated investments — 0.8 80.6 33.6 115.0 Contributions to unconsolidated investments — (1.7 ) (153.9 ) (110.4 ) (266.0 ) Proceeds from settlement of foreign currency derivative contracts — — 33.4 — 33.4 Purchases of foreign currency derivative contracts — — — — — Additions to development project asset — — — (1.2 ) (1.2 ) Proceeds from development project asset — — — 4.2 4.2 (Investments in) distributions from consolidated subsidiaries, net (122.5 ) 210.8 160.3 (248.6 ) — Net cash (used in) provided by investing activities (122.5 ) 209.9 (11.0 ) 105.9 182.3 Cash flow from financing activities: Borrowings under senior notes payable — — — — — Borrowings under line of credit/term loan — 125.0 — — 125.0 Repayment of line of credit/term loan — (200.0 ) — — (200.0 ) Borrowings under mortgage debt — — 3.5 485.1 488.6 Repayment of mortgage debt — — (15.0 ) (376.4 ) (391.4 ) Payment of loan fees — — (0.8 ) (4.0 ) (4.8 ) Repayment of shareholder loans to noncontrolling interests — — — (11.2 ) (11.2 ) Repurchase of common stock (20.7 ) — — — (20.7 ) Issuance of preferred stock 295.2 — — — 295.2 Common stock dividends paid (114.9 ) — — — (114.9 ) Preferred stock dividends paid (2.6 ) — — — (2.6 ) Contributions from noncontrolling interests — — — 15.0 15.0 Distributions to noncontrolling interests — — — (264.0 ) (264.0 ) Net cash provided by (used in) financing activities 157.0 (75.0 ) (12.3 ) (155.5 ) (85.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 8.9 8.9 Net change in cash and cash equivalents 30.8 4.5 0.8 49.8 85.9 Cash and cash equivalents, beginning of year — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of year $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ 573.9 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by operating activities $ (1.2 ) $ (133.7 ) $ 66.3 $ 161.7 $ 93.1 Cash flows from investing activities: Additions to loans — — (0.9 ) (1.3 ) (2.2 ) Collections of loans — — 5.8 — 5.8 Nonrefundable escrow deposits — (5.0 ) — — (5.0 ) Net proceeds from sale of real estate — — 161.2 1,224.9 1,386.1 Net proceeds from sale of a business — — 43.4 — 43.4 Purchases of and additions to real estate — — (242.3 ) (113.5 ) (355.8 ) Capital expenditures to real estate — — (27.9 ) (188.1 ) (216.0 ) Investment in marketable securities — (0.2 ) — — (0.2 ) Proceeds from sale of marketable securities — — 7.4 — 7.4 Investing distributions from unconsolidated investments — — 25.9 37.8 63.7 Contributions to unconsolidated investments — (1.2 ) (92.9 ) (302.0 ) (396.1 ) Proceeds from settlement of foreign currency derivative contracts — 10.7 — — 10.7 Purchases of foreign currency derivative contracts — (0.6 ) — — (0.6 ) Additions to development project asset — — — (29.1 ) (29.1 ) Proceeds from development project asset — — — 81.0 81.0 (Investments in) distributions from consolidated subsidiaries, net 290.3 81.4 55.8 (427.5 ) — Net cash (used in) provided by investing activities 290.3 85.1 (64.5 ) 282.2 593.1 Cash flow from financing activities: Borrowings under senior notes payable — 246.6 — — 246.6 Borrowings under lines of credit/term loan — 225.0 — — 225.0 Repayment of lines of credit/term loan — (450.0 ) — — (450.0 ) Borrowings under mortgage debt — — 325.3 399.7 725.0 Repayment of mortgage debt — — (278.1 ) (588.7 ) (866.8 ) Debt issue costs — (4.5 ) (2.0 ) (3.0 ) (9.5 ) Repurchase of common stock (177.9 ) — — — (177.9 ) Dividends paid (111.2 ) — — — (111.2 ) KWE closing dividend — — — (17.2 ) (17.2 ) Contributions from noncontrolling interests — — — 23.2 23.2 Distributions to noncontrolling interests — — — (116.0 ) (116.0 ) Net cash provided by financing activities (289.1 ) 17.1 45.2 (302.0 ) (528.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (20.7 ) (20.7 ) Net change in cash and cash equivalents — (31.5 ) 47.0 121.2 136.7 Cash and cash equivalents, beginning of year — 33.4 54.9 263.0 351.3 Cash and cash equivalents, end of year $ — $ 1.9 $ 101.9 $ 384.2 $ 488.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2017 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities: $ (15.3 ) $ (182.8 ) $ (51.4 ) $ 322.5 $ 73.0 Cash flows from investing activities: Collections of loans — — 6.4 10.5 16.9 Net proceeds from sale of real estate — — 130.8 528.3 659.1 Purchases of and additions to real estate — — (421.6 ) (146.0 ) (567.6 ) Capital expenditures to real estate — — (0.9 ) (245.8 ) (246.7 ) Investment in marketable securities — — (0.8 ) — (0.8 ) Proceeds from sale of marketable securities — — 1.1 — 1.1 Investing distributions from unconsolidated investments — — 95.2 38.2 133.4 Contributions to unconsolidated investments — — (49.8 ) (30.1 ) (79.9 ) Proceeds from settlement of foreign currency derivative contracts — (2.8 ) — — (2.8 ) Purchases of foreign currency derivative contracts — (0.4 ) — — (0.4 ) Additions to development project asset — — — (19.4 ) (19.4 ) Proceeds from development project asset — — — 36.9 36.9 (Investments in) distributions from consolidated subsidiaries, net 198.0 (126.2 ) 166.3 (238.1 ) — Net cash (used in) provided by investing activities 198.0 (129.4 ) (73.3 ) (65.5 ) (70.2 ) Cash flow from financing activities: Repayment of senior notes payable — (55.0 ) — — (55.0 ) Costs associated with KWE Transaction (55.8 ) — — — (55.8 ) Borrowings under lines of credit — 800.0 — — 800.0 Repayment of lines of credit — (500.0 ) — — (500.0 ) Borrowings under investment debt — — 239.5 608.8 848.3 Repayment of investment debt — — (103.4 ) (581.3 ) (684.7 ) Debt issue costs — (5.4 ) (1.9 ) (2.2 ) (9.5 ) Repurchase of common stock (67.7 ) — — — (67.7 ) Cash paid to acquire noncontrolling interests in KWE — — — (719.8 ) (719.8 ) Dividends paid (59.2 ) — — — (59.2 ) Acquisitions of noncontrolling interests — — — (3.3 ) (3.3 ) Contributions from noncontrolling interests — — — 47.4 47.4 Distributions from noncontrolling interests — — — (106.0 ) (106.0 ) Net cash provided by (used in) financing activities (182.7 ) 239.6 134.2 (756.4 ) (565.3 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 28.1 28.1 Net change in cash and cash equivalents — (72.6 ) 9.5 (471.3 ) (534.4 ) Cash and cash equivalents, beginning of year — 106.0 45.4 734.3 885.7 Cash and cash equivalents, end of year $ — $ 33.4 $ 54.9 $ 263.0 $ 351.3

UNAUDITED QUARTERLY INFORMATI_2

UNAUDITED QUARTERLY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	(Dollars in millions, except earnings per share amounts) Year ended December 31, 2019 Fourth Quarter Third Quarter Second Quarter First Quarter Revenues $ 142.3 $ 143.0 $ 143.7 $ 140.7 Expenses 155.0 147.9 143.8 153.1 Other income (expenses) (1) 177.9 34.5 162.2 18.0 Income (loss) before provision for income taxes 165.2 29.6 162.1 5.6 Benefit from (provision for) income taxes (6.3 ) (10.2 ) (20.9 ) (4.0 ) Net income (loss) 158.9 19.4 141.2 1.6 Net income attributable to noncontrolling interests 1.6 1.3 (90.4 ) (6.9 ) Preferred dividends and accretion of preferred stock issuance costs $ (2.6 ) $ — $ — $ — Net income (loss) attributable to Kennedy-Wilson $ 157.9 $ 20.7 $ 50.8 $ (5.3 ) Basic earnings (loss) per share $ 1.13 $ 0.15 $ 0.36 $ (0.04 ) Diluted earnings (loss) per share $ 1.12 $ 0.15 $ 0.36 $ (0.04 ) (1) The fourth quarter of 2019 includes $112.4 million of gain on sale of real estate, net relating to two assets that the Company sold a 20% interest and are now deconsolidated and treated as unconsolidated investments. (Dollars in millions, except earnings per share amounts) Year ended December 31, 2018 Fourth Third Second First Revenues $ 178.7 $ 185.8 $ 218.3 $ 190.7 Expenses 187.8 177.2 212.5 188.9 Other income (expenses) 66.3 11.2 190.9 (5.4 ) Income (loss) before provision for income taxes 57.2 19.8 196.7 (3.6 ) Benefit from (provision for) income taxes (24.3 ) (6.9 ) (29.4 ) 2.6 Net income 32.9 12.9 167.3 (1.0 ) Net income attributable to noncontrolling interests (2.2 ) (0.8 ) (57.7 ) (1.4 ) Net income (loss) attributable to Kennedy-Wilson $ 30.7 $ 12.1 $ 109.6 $ (2.4 ) Basic earnings (loss) per share $ 0.21 $ 0.09 $ 0.77 $ (0.02 ) Diluted earnings (loss) per share $ 0.21 $ 0.09 $ 0.77 $ (0.02 )

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Kennedy Wilson Europe Real Estate Plc ("KWE") Acquisition (Details) $ / shares in Units, £ in Millions, $ in Millions	Oct. 20, 2017USD ($)$ / sharesshares	Oct. 20, 2017GBP (£)shares	Dec. 31, 2017shares	Dec. 31, 2019$ / shares	Dec. 31, 2018$ / shares
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Par value (in dollars per share) | $ / shares	$ 0.0001			$ 0.001	$ 0.001
KWE [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash consideration to shareholders	$ 697.2	£ 528.6
Common Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Issuance of common stock (in shares) | shares	37,226,695	37,226,695	37,226,695

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Unconsolidated Investments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)investment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Accounting Policies [Abstract]
Number of investments, fair value option | investment	31
Income from unconsolidated investments - performance fees | $	$ 36.3	$ 27.4	$ 8.8

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Goodwill impairment loss	$ 0	$ 0	$ 0

BASIS OF PRESENTATION AND SUM_6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 0
Provision for doubtful accounts	$ 0	$ 0

BASIS OF PRESENTATION AND SUM_7

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Jan. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset	$ 13.6
Operating lease, liability	$ 13.6
Operating lease, weighted average remaining lease term	80 years
Operating lease, weighted average discount rate, percent	3.00%
Cumulative effect of new accounting principle in period of adoption				$ 9.3
Deferred taxes, net	$ 24.4		$ 24.7
Accumulated Deficit [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption				9.3
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset		$ 13.6
Operating lease, liability		$ 13.6
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred taxes, net				9.3
Accounting Standards Update 2016-09 [Member] | Accumulated Deficit [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption				$ 9.3

REAL ESTATE AND ACQUIRED IN P_3

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Investments in Consolidated Properties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Land	$ 1,330.6	$ 1,371.3
Buildings	3,630.4	3,958.4
Building improvements	469.5	652
Acquired in-place lease values	352.9	344.4
Real estate investment, at cost	5,783.4	6,326.1
Less accumulated depreciation and amortization	(703.2)	(623.6)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 5,080.2	5,702.5
Leases, Acquired-in-Place [Member]
Real Estate Properties [Line Items]
Weighted-average lease term	7 years 1 month 6 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	$ 173.4	$ 190.3	$ 198.9

REAL ESTATE AND ACQUIRED IN P_4

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Acquisitions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	$ 76.1	$ 87.4
Building	193.9	263.5
Acquired in place lease values	43.5	3.3
Investment debt	214.8	207.1
KWH Shareholders' Equity	98.7	147.1
Multifamily and Commercial [Member] | Western United States [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	39.9
Building	123
Acquired in place lease values	37.2
Investment debt	112.2
KWH Shareholders' Equity	$ 87.9
Multifamily and Commercial [Member] | Western United States [Member] | Multifamily [Member]
Business Acquisition [Line Items]
Number of properties acquired | property	1
Multifamily and Commercial [Member] | Western United States [Member] | Commercial [Member]
Business Acquisition [Line Items]
Number of properties acquired | property	1
Commercial And Industrial Properties [Member] | United Kingdom [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	$ 29
Building	39.2
Acquired in place lease values	2.9
Investment debt	58.6
KWH Shareholders' Equity	$ 12.5
Commercial And Industrial Properties [Member] | United Kingdom [Member] | Industrial Property [Member]
Business Acquisition [Line Items]
Number of properties acquired | property	1
Commercial And Industrial Properties [Member] | United Kingdom [Member] | Residential Real Estate [Member]
Business Acquisition [Line Items]
Number of properties acquired | property	1
Commercial Property Acquired [Member] | Ireland [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	$ 7.2
Building	31.7
Acquired in place lease values	3.4
Investment debt	44
KWH Shareholders' Equity	$ (1.7)
Commercial Property Acquired [Member] | Ireland [Member] | Commercial [Member]
Business Acquisition [Line Items]
Number of properties acquired | property	1
Multifamily, Land Development and Commercial Properties [Member] | Western United States [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		72.1
Building		167.5
Acquired in place lease values		1.2
Investment debt		145.8
KWH Shareholders' Equity		$ 95
Multifamily, Land Development and Commercial Properties [Member] | Western United States [Member] | Multifamily [Member]
Business Acquisition [Line Items]
Number of properties acquired | property		5
Multifamily, Land Development and Commercial Properties [Member] | Western United States [Member] | Commercial [Member]
Business Acquisition [Line Items]
Number of properties acquired | property		1
Multifamily, Land Development and Commercial Properties [Member] | Western United States [Member] | Development Properties [Member]
Business Acquisition [Line Items]
Number of properties acquired | property		3
Residential Property Acquired [Member] | United Kingdom [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		$ 4.2
Building		0
Acquired in place lease values		0
Investment debt		0
KWH Shareholders' Equity		$ 4.2
Residential Property Acquired [Member] | United Kingdom [Member] | Residential Real Estate [Member]
Business Acquisition [Line Items]
Number of properties acquired | property		1
Multifamily Property Acquired [Member] | Ireland [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land		$ 11.1
Building		96
Acquired in place lease values		2.1
Investment debt		61.3
KWH Shareholders' Equity		$ 47.9
Multifamily Property Acquired [Member] | Ireland [Member] | Multifamily [Member]
Business Acquisition [Line Items]
Number of properties acquired | property		1

REAL ESTATE AND ACQUIRED IN P_5

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Gains on Real Estate (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Real Estate [Line Items]
Consolidated | $	$ 434.9	$ 369.6	$ 258
NCI | $	116.7	70.6	43.3
Net of NCI | $	$ 318.2	$ 299	$ 214.7
Commercial [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	11	26	25
Commercial [Member] | Ireland [Member]
Real Estate [Line Items]
Number of real estate properties sold		3	3
Commercial [Member] | Italy [Member]
Real Estate [Line Items]
Number of real estate properties sold		2
Multifamily [Member] | Ireland [Member]
Real Estate [Line Items]
Number of real estate properties sold		6
Multifamily [Member] | United States [Member]
Real Estate [Line Items]
Number of real estate properties sold	1	3	3
Hotel [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Hotel [Member] | Ireland [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Hotel [Member] | United States [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Retail Property [Member] | United States [Member]
Real Estate [Line Items]
Number of real estate properties sold	5
Retail Property [Member] | Spain [Member]
Real Estate [Line Items]
Number of real estate properties sold	10
Residential Property [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold			1
Residential Property [Member] | Ireland [Member]
Real Estate [Line Items]
Number of real estate properties sold		1
Residential Property [Member] | United States [Member]
Real Estate [Line Items]
Number of real estate properties sold		1
Residential Property [Member] | Spain [Member]
Real Estate [Line Items]
Number of real estate properties sold			1
Retail [Member] | United States [Member]
Real Estate [Line Items]
Number of real estate properties sold			1
Development Project [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold			1
Condominium Unit [Member] | Spain [Member]
Real Estate [Line Items]
Number of real estate properties sold			2

REAL ESTATE AND ACQUIRED IN P_6

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Deconsolidation of Previously Consolidated Real Estate (Details) ft² in Thousands, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2020	Dec. 31, 2019USD ($)ft²assetproperty_unit	Dec. 31, 2019USD ($)ft²assetproperty_unit	Dec. 31, 2018USD ($)
Real Estate [Line Items]
Real estate units sold, number of assets | asset		2	2
Ownership percentage sold of equity method investment		20.00%
Deconsolidation, gain (loss)		$ 112.4
Subsequent Event [Member]
Real Estate [Line Items]
Ownership percentage sold of equity method investment	30.00%
Axa Joint Venture [Member]
Real Estate [Line Items]
Equity method investment, ownership percentage		80.00%	80.00%
Ownership percentage sold of equity method investment			20.00%
Deconsolidation, gain (loss)			$ 212.4	$ 102.7
Axa Joint Venture [Member] | AXA Investment Managers [Member]
Real Estate [Line Items]
Equity method investment, ownership percentage		50.00%	50.00%
Axa Joint Venture [Member] | Kennedy Wilson Holdings, Inc. and AXS Investment Managers [Member]
Real Estate [Line Items]
Deconsolidation, gain (loss)			$ 317.8	$ 169.5
Axa Joint Venture [Member] | Multifamily [Member]
Real Estate [Line Items]
Number of units | property_unit		2,270	2,270
Area of real estate property (in sq ft) | ft²		391	391
Number of assets | property_unit		12	12
Equity method investment, ownership percentage		80.00%	80.00%
Ownership percentage sold of equity method investment			20.00%

- Real Estate and In-Place Leas

- Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Dec. 31, 2019USD ($)
Real Estate [Abstract]
2020	$ 223
2021	222.1
2022	205.7
2023	169.2
2024	139.7
Thereafter	672.9
Total	$ 1,632.6

UNCONSOLIDATED INVESTMENTS - Jo

UNCONSOLIDATED INVESTMENTS - Joint Venture Holdings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,334.6	$ 859.9
Non-cash contribution to acquire interest in joint venture	125.5
Proceeds from equity method investments	189.1
Interest income recognized	179.7	78.7	$ 77.8
Fair value of unconsolidated investments	1,107.4	662.6
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	609.2	400.6
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	266.2	92.1
Development [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	72.8	70.9
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	139.6	102.5
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 246.8	193.8
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%
Fair Value, Recurring [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 1,107.4	662.2
Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Payments to joint venture	266
Non-cash contribution to acquire interest in joint venture	218
Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	767.8	598.3
Western United States [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	230.5	184.1
Western United States [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	78.1	47
Western United States [Member] | Development [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	72.8	70.9
Western United States [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	139.6	102.5
Western United States [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	246.8	193.8
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	518.1	251.7
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	378.7	216.5
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	139.4	35.2
Ireland [Member] | Development [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
Ireland [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	48.7	9.9
United Kingdom [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	48.7	9.9
United Kingdom [Member] | Development [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0
United Kingdom [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 0	$ 0

UNCONSOLIDATED INVESTMENTS - Co

UNCONSOLIDATED INVESTMENTS - Contributions to Joint Ventures (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)investmentproperty
Schedule of Equity Method Investments [Line Items]
Non-cash contribution to acquire interest in joint venture | $	$ 125.5
Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Payments to joint venture | $	266
Non-cash contribution to acquire interest in joint venture | $	$ 218
Western United States [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | property	4
Number of note investments acquired | investment	3
Western United States [Member] | Office Building [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | property	3
United Kingdom [Member] | Office Building [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | property	1

UNCONSOLIDATED INVESTMENTS - Ca

UNCONSOLIDATED INVESTMENTS - Cash Distributions by Investment Type and Location (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018property
Schedule of Equity Method Investments [Line Items]
Operating	$ 74.1
Investing	115
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	57
Investing	91.5
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	4.5
Investing	4.8
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	11.2
Investing	13.6
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.4
Investing	5.1
Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Operating	66.6
Investing	111.2
Western United States [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	50.6
Investing	91.5
Western United States [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3.4
Investing	1
Western United States [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	11.2
Investing	13.6
Western United States [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.4
Investing	5.1
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Operating	7.5
Investing	3.8
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	6.4
Investing	0
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.1
Investing	3.8
Ireland [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
Ireland [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	$ 0
Joint Venture [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold | property	3
Multifamily [Member] | Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold | property		6
Multifamily [Member] | Joint Venture [Member] | Western United States [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold | property	3

UNCONSOLIDATED INVESTMENTS - In

UNCONSOLIDATED INVESTMENTS - Income from Unconsolidated Investments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Income from unconsolidated investments - operating performance	$ 35.5	$ 18.8	$ 16.4
Income from unconsolidated investments - realized gains	53.5	22.1	14
Income from unconsolidated investments - fair value	64.7	10.4	38.6
Income from unconsolidated investments - performance fees	36.3	27.4	8.8
Income from unconsolidated investments - impairment	(10.3)	0	0
Total interest income and foreign currency gain (loss)	$ 179.7	$ 78.7	$ 77.8
Western United States [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold | property	3

UNCONSOLIDATED INVESTMENTS - Vi

UNCONSOLIDATED INVESTMENTS - Vintage Housing Holdings (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 142.8	$ 101.5

UNCONSOLIDATED INVESTMENTS - Ch

UNCONSOLIDATED INVESTMENTS - Changes in Control (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 479.4	$ 209.2

UNCONSOLIDATED INVESTMENTS - Me

UNCONSOLIDATED INVESTMENTS - Meyers Research Sale (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Net proceeds from sale of a business			$ 43.4
Gain on sale of business		$ 0	$ 40.4	$ 0
Meyers Research [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire interest in joint venture	$ 15
Unconsolidated entity ownership percentage	11.00%		11.00%
Meyers Research Sale [Member] | Disposal Group, Disposed of by Sale [Member]
Schedule of Equity Method Investments [Line Items]
Net proceeds from sale of a business	$ 48
Gain on sale of business	$ 40.4

FAIR VALUE MEASUREMENTS AND T_3

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,107.4	$ 662.6
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,107.4	662.2
Assets (liabilities), fair value disclosure	1,072.7	646.4
Recurring [Member] | Currency Derivative Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(34.7)	(15.8)
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Assets (liabilities), fair value disclosure	0
Recurring [Member] | Level 1 [Member] | Currency Derivative Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	0	0
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Assets (liabilities), fair value disclosure	(34.7)	(15.8)
Recurring [Member] | Level 2 [Member] | Currency Derivative Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(34.7)	(15.8)
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,107.4	662.2
Assets (liabilities), fair value disclosure	1,107.4	662.2
Recurring [Member] | Level 3 [Member] | Currency Derivative Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND T_4

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Unconsolidated Investments, Narrative (Details) $ in Millions	Dec. 31, 2019USD ($)investment	Dec. 31, 2018USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value option number of investments | investment	31
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value option	$ 967.8	$ 559.7
Funds	$ 139.6	$ 102.5

FAIR VALUE MEASUREMENTS AND T_5

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Unconsolidated Investments (Details) - Equity Method Investments [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
FV Option	$ 967.8	$ 559.7
Funds	139.6	102.5
Total	$ 1,107.4	$ 662.2

FAIR VALUE MEASUREMENTS AND T_6

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Changes in Level 3 Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in unrealized gain (losses) on level 3 investments	$ 64.9	$ 9.5
Equity Method Investments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	662.2	380.7	$ 356.7
Unrealized and realized gains	154.5	85.4	58.7
Unrealized and realized losses	(27.1)	(34.8)	(1.1)
Contributions	199.3	335.9	59.9
Distributions	(104.2)	(76.3)	(117)
Non-cash contributions (distributions), net	222.7	(28.7)	23.5
Ending Balance	$ 1,107.4	$ 662.2	$ 380.7

FAIR VALUE MEASUREMENTS AND T_7

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of the Funds and Fair Value Option Investments, Significant Inputs (Details)	Dec. 31, 2019
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Multifamily [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0375
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Multifamily [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0513
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Office [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0400
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Office [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0750
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Retail [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0650
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Retail [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0850
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Hotel [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0600
Measurement Input, Cap Rate [Member] | Level 3 [Member] | Hotel [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0775
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Multifamily [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0550
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Multifamily [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0800
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Office [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0500
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Office [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0850
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Retail [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0800
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Retail [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1025
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Hotel [Member] | Minimum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0825
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Hotel [Member] | Maximum [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1000
Measurement Input, Discount Rate [Member] | Level 3 [Member] | Residential Property [Member] | Income and Market Approach Technique [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1200
Measurement Input, Credit Spread [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0130
Measurement Input, Credit Spread [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0351

FAIR VALUE MEASUREMENTS AND T_8

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Currency Forward Contracts (Details) € in Millions, £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019GBP (£)	Dec. 31, 2019EUR (€)	Dec. 31, 2018USD ($)
Derivative [Line Items]
Hedge Asset	$ 32.6			$ 43.7
Cash Received (Paid)
Unrealized currency derivative contract gain (loss)	(38.7)
Foreign Exchange Contract [Member]
Cash Received (Paid)
Unrealized currency derivative contract gain (loss)	(38.7)
Foreign Exchange Contract [Member] | Foreign Currency Translation [Member]
Cash Received (Paid)
Deferred taxes on unrealized gains (losses), arising during the period	3.1
Interest Rate Swap [Member]
Derivative [Line Items]
Notional	138.4
Cash Received (Paid)
Derivative, interest savings	0.2
Interest Rate Swap [Member] | AOCI Attributable to Parent [Member]
Cash Received (Paid)
Unrealized currency derivative contract gain (loss)	0.7
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	32.6
Hedge Liability	(67.3)
Change in Unrealized Gains (Losses)	35.6
Realized Gains (Losses)	6
Cash Received (Paid)
Total	33.4
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	32.6
Hedge Liability	(67.3)
Change in Unrealized Gains (Losses)	29.8
Realized Gains (Losses)	5.9
Cash Received (Paid)
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member]
Derivative [Line Items]
Notional | €			€ 175
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	11.8
Hedge Liability	(0.2)
Change in Unrealized Gains (Losses)	1.4
Realized Gains (Losses)	5.9
Cash Received (Paid)
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | KWE [Member]
Derivative [Line Items]
Notional | €			€ 240.8
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	(41)
Change in Unrealized Gains (Losses)	17.3
Realized Gains (Losses)	0
Cash Received (Paid)
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Three [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized Gains (Losses)	36.8
Realized Gains (Losses)	0
Cash Received (Paid)
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member]
Derivative [Line Items]
Notional | £		£ 600
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	20.8
Hedge Liability	(26.1)
Change in Unrealized Gains (Losses)	(25.7)
Realized Gains (Losses)	0
Cash Received (Paid)
Cash Paid	0
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized Gains (Losses)	5.8
Realized Gains (Losses)	0.1
Cash Received (Paid)
Cash Received	33.4
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized Gains (Losses)	2.4
Realized Gains (Losses)	0.1
Cash Received (Paid)
Cash Received	2.9
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized Gains (Losses)	3.4
Realized Gains (Losses)	0
Cash Received (Paid)
Cash Received	$ 30.5

FAIR VALUE MEASUREMENTS AND T_9

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Fair Value of Financial Instruments (Details) - USD ($) $ in Billions	Dec. 31, 2019	Dec. 31, 2018
Estimate of Fair Value Measurement [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 5.2	$ 5.3
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt	$ 5	$ 5.4

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Assets [Abstract]
Straight line rent	$ 47.3	$ 34.6
Hedge assets	32.6	43.7
Loan purchases and originations	29.4	27.8
Goodwill	23.9	23.9
Deferred taxes, net	24.4	24.7
Prepaid expenses	14.3	13.7
Right of use asset, net	13.6
Leasing commissions, net of accumulated amortization of $4.7 million and $3.3 million at December 31, 2019 and 2018, respectively	11.9	11.5
Other, net of accumulated amortization of $2.0 million and $2.8 million at December 31, 2019 and 2018, respectively	9	10.9
Development project asset	3.3	6.6
VAT receivable	2.5	2.3
Deposits	1.7	6.5
Other Assets	263.7	274.8
Finite-lived intangible assets, accumulated amortization	51	48.3
Accumulated depreciation, depletion and amortization, property, plant, and equipment	21.9	37.9
Accumulated amortization, leasing commission	4.7	3.3
Accumulated amortization, other	2	2.8
Depreciation and amortization expense	14.2	15.8	$ 13.6
Furniture and equipment [Member]
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $21.9 and $37.9 at December 31, 2019 and December 31, 2018, respectively	23.7	31.4
Above market Leases [Member]
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $51.0 million and $48.3 million at December 31, 2019 and 2018, respectively	$ 26.1	$ 37.2

OTHER ASSETS - Additional infor

OTHER ASSETS - Additional information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)lease
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	80 years
Operating lease, payments | $	$ 2.8
Minimum [Member]
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	5 years
Maximum [Member]
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	239 years
Sale of real estate [Member]
Real Estate [Line Items]
Operating lease	3
Land [Member]
Real Estate [Line Items]
Operating lease	4

OTHER ASSETS - Schedule of Futu

OTHER ASSETS - Schedule of Future Minimum Rental Payments (Details) $ in Millions	Dec. 31, 2019USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2020	$ 1.4
2021	1.4
2022	1.4
2023	0.8
2024	0.4
Thereafter	34.3
Total undiscounted rental payments	39.7
Less imputed interest	(26.1)
Total lease liability	$ 13.6

MORTGAGE DEBT - Schedule of Mor

MORTGAGE DEBT - Schedule of Mortgage Debt (Details) - Mortgage debt [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 2,655.3	$ 2,968.3
Unamortized loan fees	(14.3)	(18)
Total Debt	2,641	2,950.3
Unamortized premium (discount)	4	1.9
Mortgage Loans Secured by Multi-Family Properties [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	1,324.7	1,286.2
Mortgage Loans Secured by Multi-Family Properties [Member] | Ireland [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)		147.8
Mortgage Loans Secured by Commercial [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	405.4	385.3
Mortgage Loans Secured by Commercial [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	514.5	499.6
Mortgage Loans Secured by Commercial [Member] | Ireland [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	289.6	438.9
Mortgage Loans Secured by Commercial [Member] | Spain [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	40.3	90.1
Mortgage Loans Secured by Hotel [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)		37.9
Mortgage Loans Secured by Hotel [Member] | Ireland [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 80.8	$ 82.5

MORTGAGE DEBT - Mortgage Debt,

MORTGAGE DEBT - Mortgage Debt, Additional Information (Details)	12 Months Ended
	Dec. 31, 2019propertyacquisitionloan	Dec. 31, 2018
Debt Instrument [Line Items]
Number of acquisitions partially financed with mortgages | acquisition	4
Number of existing mortgages refinanced | loan	2
Number of properties that acquired supplemental financing | property	2
Mortgage debt [Member]
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	3.41%	3.40%
Percent of property level debt with fixed rate	76.00%	73.00%
Percent of property level debt with floating rate and interest caps	14.00%	17.00%
Percent of property level debt with floating rate, without interest caps	10.00%	10.00%

MORTGAGE DEBT - Schedule of Mat

MORTGAGE DEBT - Schedule of Maturities (Details) - Mortgage debt [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
2020	$ 116.2
2021	167.3
2022	298
2023	383.8
2024	201.2
Thereafter	1,484.8
Long-term debt, gross	2,651.3
Unamortized debt premium	4
Unamortized loan fees	(14.3)	$ (18)
Total Debt	$ 2,641	$ 2,950.3

KW UNSECURED DEBT - Schedule of

KW UNSECURED DEBT - Schedule of Unsecured Debt (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
KW unsecured debt [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 1,146,100,000	$ 1,220,300,000
Unamortized loan fees	(14,400,000)	(18,300,000)
Debt	1,131,700,000	1,202,000,000
Unamortized discount	3,900,000	4,700,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	0	75,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 1,146,100,000	$ 1,145,300,000

KW UNSECURED DEBT - Borrowings

KW UNSECURED DEBT - Borrowings Under Credit Facilities (Details)	Oct. 20, 2017USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Line of Credit Facility [Line Items]
Repayment of lines of credit		$ 200,000,000	$ 450,000,000	$ 500,000,000
Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt, net of discount (premium)		0	$ 75,000,000
A&R Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity and debt instrument, face amount		700,000,000
A&R Facility [Member] | Term Loan [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 200,000,000
A&R Facility [Member] | Term Loan [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		1.65%
A&R Facility [Member] | Term Loan [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		2.65%
A&R Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 500,000,000
Maturity of extension		1 year
Maximum consolidated leverage ratio	65.00%
Fixed charge coverage ratio measurement period	12 months
Covenant, percent of new equity offerings	50.00%
Maximum secured recourse leverage multiplier	1.5
Proceeds from issuance of debt		$ 125,000,000
Repayments of debt		200,000,000
Repayment of lines of credit		125,000,000
Maximum amount outstanding during period		150,000,000
Remaining borrowing capacity		$ 500,000,000
A&R Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.70
Tangible net worth	$ 1,066,775,300
Liquidity	$ 75,000,000
A&R Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Secured recourse leverage ratio	3.50%
Liquidity	$ 300,351,000
Adjusted secured leverage ratio	55.00%
A&R 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)		1.75%
A&R 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)		2.75%
A&R Facility [Member] | Revolving Credit Facility [Member] | Term Loan [Member]
Line of Credit Facility [Line Items]
Repayments of term loan		$ 75,000,000
KW Revolving Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Average outstanding amount		$ 93,000,000

KW UNSECURED DEBT - Senior Note

KW UNSECURED DEBT - Senior Notes (Details) - Senior Notes [Member] - USD ($)	Mar. 02, 2018	Oct. 20, 2017
Maximum [Member]
Debt Instrument [Line Items]
Balance sheet leverage ratio	1.50
5.75% Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt face value	$ 250,000,000	$ 900,000,000
Interest rate (as a percent)	5.875%	5.875%
Debt price percentage of principal amount	98.625%

KWE UNSECURED BONDS - Schedule

KWE UNSECURED BONDS - Schedule of KWE Unsecured Bonds (Details) - KWE unsecured bonds [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Outstanding debt	$ 1,274.2	$ 1,260.5
Unamortized premium (discount)	(3.1)	(3.7)
KWE [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	1,277.6	1,264.7
Unamortized loan fees	(3.4)	(4.2)
Outstanding debt	1,274.2	1,260.5
KWE [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	662.9	637.3
KWE [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 614.7	$ 627.4

KWE UNSECURED BONDS - Additiona

KWE UNSECURED BONDS - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019GBP (£)
Debt Instrument [Line Items]
Unrealized foreign currency translation loss	$ 13.3		$ 62.6	$ (155.3)
KWE unsecured bonds [Member] | KWE [Member]
Debt Instrument [Line Items]
Debt, net of discount (premium)	$ 1,277.6		1,264.7
Maximum percentage of total assets	60.00%				60.00%
Maximum ratio of consolidated secured indebtedness to total assets	50.00%				50.00%
Interest coverage ratio	1.50				1.50
Maximum ratio of unencumbered assets to unsecured indebtedness	125.00%				125.00%
KWE unsecured bonds [Member] | KWE [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Debt face value | £					£ 500,000,000
Interest rate (as a percent)	3.95%				3.95%
Debt, net of discount (premium)	$ 662.9		637.3
Effective interest rate	3.35%				3.35%
Percentage of proceeds converted to Euros with swaps	50.00%	50.00%
KWE unsecured bonds [Member] | KWE [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Debt face value	$ 2,700				£ 2,000,000,000
Debt, net of discount (premium)	614.7		$ 627.4
Proceeds from issuance of debt	$ 617.6	€ 550,000,000
Annual fixed coupon rate	3.25%				3.25%
GBP [Member] | KWE [Member]
Debt Instrument [Line Items]
Unrealized foreign currency translation loss	$ 36.8

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Related party fees									$ 26.1	$ 15.3	$ 12
Revenues	$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	569.7	772.4	801.8
Elimination [Member]
Related Party Transaction [Line Items]
Revenues									0	0	0
Elimination [Member] | Management Service [Member]
Related Party Transaction [Line Items]
Revenues									$ 18.1	$ 13.6	$ 26.4

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, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Domestic	$ 249.5	$ 156.5	$ 90.6
Foreign	113	113.6	31.1
Total	$ 362.5	$ 270.1	$ 121.7

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Federal
Current									$ 0	$ 0	$ (0.3)
Deferred									31.2	33.4	(17.9)
Total federal tax expense (benefit)									31.2	33.4	(18.2)
State
Current									0.3	0	0.1
Deferred									(4.6)	10.6	(3.1)
Total state tax expense (benefit)									(4.3)	10.6	(3)
Foreign
Current									14.4	18.4	8.4
Deferred									0.1	(4.4)	(3.5)
Total foreign tax expense (benefit)									14.5	14	4.9
Provision for (benefit from) income taxes	$ 6.3	$ 10.2	$ 20.9	$ 4	$ 24.3	$ 6.9	$ 29.4	$ (2.6)	$ 41.4	$ 58	$ (16.3)

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Statutory rate									21.00%
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Tax computed at the statutory rate									$ 76.1	$ 56.7	$ 42.6
TCJA federal rate change									0	0	(44.8)
Tax deduction in excess of book compensation from restricted stock vesting									0.3	1.8	(3.7)
Domestic permanent differences, primarily disallowed executive compensation									6.1	3.8	1.3
Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom									1.3	1.4	6.1
Effect of foreign tax operations on U.S. taxes, net of foreign tax credits and valuation allowance									(16.8)	1.1	1.6
Noncontrolling interests									(22.2)	(15.1)	(15)
State income taxes, net of federal benefit									0	8	(3.8)
Other									(3.4)	0.3	(0.6)
Provision for (benefit from) income taxes	$ 6.3	$ 10.2	$ 20.9	$ 4	$ 24.3	$ 6.9	$ 29.4	$ (2.6)	$ 41.4	$ 58	$ (16.3)

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Foreign currency translation	$ 4.9	$ 9.1
Net operating loss carryforward and credits	138.6	102.3
Investment basis difference	96.2	121.6
Stock option expense	1.3	3.5
Hedging transactions	7.2	0
Marketable securities		0.1
Accrued reserves		0.1
Total deferred tax assets	248.2	236.7
Valuation allowance	(209.2)	(131.1)
Net deferred tax assets	39	105.6
Deferred tax liabilities:
Investment basis and reserve differences	145.7	121.3
Depreciation and amortization	2.8	65
Hedging transactions	0	5.4
Prepaid expenses and other	2.4	1.7
Capitalized interest	1.3	1.4
Total deferred tax liabilities	152.2	194.8
Deferred tax asset (liability), net	$ (113.2)	$ (89.2)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Deferred tax asset		$ 248,200,000	$ 236,700,000
Valuation allowance		209,200,000	131,100,000
Income tax benefit due to the Tax Cuts and Jobs Act	$ 44,800,000
Increase (decrease) in valuation on deferred tax assets		78,100,000	98,400,000
Unrecognized tax benefits		0	0
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred tax asset		107,000,000
Operating loss carryforwards		226,500,000
Tax credit		52,600,000
Federal [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 34,900,000	122,200,000
State and Local Jurisdiction [Member] | California [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards		94,900,000
State and Local Jurisdiction [Member] | Other States [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards		18,300,000
KWE [Member]
Operating Loss Carryforwards [Line Items]
Foreign partnership investment basis difference		77,100,000	98,300,000
Valuation allowance		$ 72,600,000	$ 98,300,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Schedule of Future Minimum Lease Payments (Details) $ in Millions	Dec. 31, 2019USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020	$ 1.4
2021	1.4
2022	1.4
2023	0.8
2024	0.4
Thereafter	34.3
Total undiscounted rental payments	$ 39.7

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Commitments [Line Items]
Rental expense	$ 1.4
Rental expense		$ 4.1	$ 4.3
Unfunded Capital Commitments To Joint Ventures [Member]
Other Commitments [Line Items]
Other commitment	109.2	$ 99.3
Development Project Equity Commitments [Member]
Other Commitments [Line Items]
Other commitment	$ 72.7

STOCK COMPENSATION PLANS - Addi

STOCK COMPENSATION PLANS - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended						31 Months Ended	66 Months Ended
	Jun. 30, 2017	Jul. 31, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, granted in period (in shares)			64,458	1,524,383
Restricted shares vested (in shares)			1,729,046	1,713,878
Restricted shares forfeited (in shares)			0	30,100
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares paid for tax withholding for share-based compensation (in shares)			764,909	486,032	1,460,251
Payments related to tax withholding for share-based compensation			$ 16.4	$ 8.8	$ 37.9
Compensation expense			30.2	$ 37.1	$ 38.4
2014 Amended and Restated Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		6,000,000
Restricted stock, granted in period (in shares)						1,000,000	1,700,000	3,300,000
Vesting period		3 years
Postvesting restriction period		3 years
Discount for postvesting restrictions		15.00%
Restricted shares vested (in shares)										5,883,597
Restricted shares forfeited (in shares)										136,400
Unrecognized compensation cost related to unvested restricted shares			$ 0.3						$ 0.3	$ 0.3
2014 Amended and Restated Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
2014 Amended and Restated Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
2017 Amended and Restated Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	3,300,000
Restricted stock, granted in period (in shares)			1,900,000	1,400,000
Vesting period	3 years
Postvesting restriction period	3 years
Discount for postvesting restrictions	12.50%
Restricted shares vested (in shares)									957,233
Restricted shares forfeited (in shares)									15,000
Unrecognized compensation cost related to unvested restricted shares			$ 35						$ 35	$ 35
Unvested shares period for recognition (in years)			3 years
2017 Amended and Restated Plan [Member] | Performance Shares [Member] | MSCI Index Relative Performance [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	100.00%
2017 Amended and Restated Plan [Member] | Restricted Stock, Return On Equity [Member] | Year One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan [Member] | Restricted Stock, Return On Equity [Member] | Year Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan [Member] | Restricted Stock, Return On Equity [Member] | Year Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan [Member] | Restricted Stock, Time-Based [Member] | Year One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan [Member] | Restricted Stock, Time-Based [Member] | Year Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan [Member] | Restricted Stock, Time-Based [Member] | Year Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%

STOCK COMPENSATION PLANS - Sche

STOCK COMPENSATION PLANS - Schedule of Activity under the New Equity Plan (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares:
Nonvested at beginning of period (in shares)	3,916,948	4,136,543
Granted (in shares)	64,458	1,524,383
Vested (in shares)	(1,729,046)	(1,713,878)
Forfeited (in shares)	0	(30,100)
Nonvested at end of period (in shares)	2,252,360	3,916,948

EQUITY - Preferred Stock (Detai

EQUITY - Preferred Stock (Details) $ / shares in Units, $ in Millions	1 Months Ended
	Oct. 31, 2019USD ($)day$ / shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Equity [Abstract]
Preferred stock, value, issued	$ 300	$ 295.2	$ 0
Sale of stock, consideration received on transaction	$ 300
Preferred stock, dividend rate, percentage	5.75%
Sale of stock, price per share (in dollars per share) | $ / shares	$ 25
Sale of stock, premium percentage	15.00%
Trading days | day	20

EQUITY - Common Stock Repurchas

EQUITY - Common Stock Repurchase Program (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 20, 2018	Feb. 25, 2018
Class of Stock [Line Items]
Stock repurchase program, authorized amount				$ 250,000,000	$ 100,000,000
Stock repurchased during period, value			$ 29,900,000
Common Stock [Member]
Class of Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	221,834	9,364,141	1,645,816
Stock repurchased during period, value	$ 4,300,000	$ 169,100,000

EQUITY - KWE Acquisition (Detai

EQUITY - KWE Acquisition (Details) - USD ($) $ in Millions	Oct. 20, 2017	Dec. 31, 2017
Noncontrolling Interests [Member]
Class of Stock [Line Items]
Special distributions and stub period dividend to noncontrolling interest holders	$ 719.8
Common Stock [Member]
Class of Stock [Line Items]
Issuance of common stock (in shares)	37,226,695	37,226,695

EQUITY - Dividend Distributions

EQUITY - Dividend Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Declared
Common Stock	$ 121.1	$ 113.7	$ 87.4
Paid
Common Stock	$ 114.9	$ 111.2	$ 59.2

EQUITY - Taxability of Dividend

EQUITY - Taxability of Dividends (Details) - $ / shares	Oct. 03, 2019	Jul. 05, 2019	Apr. 04, 2019	Jan. 03, 2019	Dec. 31, 2019
Equity [Abstract]
Distributions Per Share (in dollars per share)	$ 0.2100	$ 0.2100	$ 0.2100	$ 0.2100	$ 0.8400
Ordinary Dividends (in dollars per share)	0.0221	0.0221	0.0221	0.0221	0.0884
Return of Capital (in dollars per share)	$ 0.1879	$ 0.1879	$ 0.1879	$ 0.1879	$ 0.7516

EQUITY - Accumulated Other Comp

EQUITY - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ 1,431.2
Unrealized (losses) gains, arising during the period	21.8
Amounts reclassified out of AOCI during the period, gross	10.6
Amounts reclassified out of AOCI during the period, taxes	(0.2)
Noncontrolling interest	(10.6)
Balance at end of period	1,719.2
Accumulated other comprehensive loss	(417.2)	$ (441.5)
Total Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(83.1)
Taxes on unrealized (losses) gains, arising during the period	2.9
Balance at end of period	(58.6)
Accumulated Foreign Currency Adjustment Including Portion Attributable Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(94.1)
Unrealized (losses) gains, arising during the period	(12.9)
Taxes on unrealized (losses) gains, arising during the period	(0.4)
Amounts reclassified out of AOCI during the period, gross	23.5
Amounts reclassified out of AOCI during the period, taxes	(3.8)
Noncontrolling interest	(10.6)
Balance at end of period	(98.3)
AOCI Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	358.4
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(441.5)
Balance at end of period	(417.2)
Accumulated other comprehensive loss	(417.2)	$ (441.5)
Foreign Exchange Contract [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	11
Unrealized (losses) gains, arising during the period	35.6
Taxes on unrealized (losses) gains, arising during the period	3.1
Amounts reclassified out of AOCI during the period, gross	(12.9)
Amounts reclassified out of AOCI during the period, taxes	3.6
Balance at end of period	40.4
Interest Rate Swap [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Unrealized (losses) gains, arising during the period	(0.9)
Taxes on unrealized (losses) gains, arising during the period	0.2
Balance at end of period	$ (0.7)

EQUITY - Noncontrolling Interes

EQUITY - Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Noncontrolling interests	$ 40.5				$ 184.5				$ 40.5	$ 184.5
Net income	$ 158.9	$ 19.4	$ 141.2	$ 1.6	$ 32.9	$ 12.9	$ 167.3	$ (1)	321.1	212.1	$ 138
Unrealized foreign currency translation adjustment, net of tax									6.3	(44.2)	158.4
Contributions to noncontrolling interests									15	23.2	47.4
Noncontrolling Interests [Member]
Class of Stock [Line Items]
Net income									94.4	62.1	37.5
Unrealized foreign currency translation adjustment, net of tax									10.6	3.3	106.4
Contributions to noncontrolling interests									$ 15	$ 23.2	$ 47.4

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 157.9	$ 20.7	$ 50.8	$ (5.3)	$ 30.7	$ 12.1	$ 109.6	$ (2.4)	$ 224.1	$ 150	$ 100.5
Net income and dividends allocated to participating securities									(0.3)	(0.9)	(1.1)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities									223.8	149.1	99.4
Dividends declared on common shares									(121.1)	(113)	(86.5)
Undistributed earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders									$ 102.7	$ 36.1	$ 12.9
Distributed earnings per share (in dollars per share)									$ 0.85	$ 0.78	$ 0.70
Undistributed earnings per share (in dollars per share)									0.75	0.26	0.13
Income per basic (in dollars per share)	$ 1.13	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	1.60	1.04	0.83
Income per diluted (in dollars per share)	$ 1.12	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	$ 1.58	$ 1.04	$ 0.83
Weighted average shares outstanding for basic (in shares)									139,729,573	142,895,472	119,147,192
Weighted average shares outstanding for diluted (in shares)									141,501,323	144,753,421	119,147,192
Dividends declared per common share (in dollars per share)									$ 0.85	$ 0.78	$ 0.70
Potentially dilutive securities (in shares)									13,133,785	0	1,080,092

SEGMENT INFORMATION - Segment I

SEGMENT INFORMATION - Segment Information, by Segment (Details) ft² in Millions, $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2019USD ($)ft²office	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)ft²segmentline_of_businessoffice	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment										2
Number of main lines of businesses | line_of_business										5
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue		$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	$ 569.7	$ 772.4	$ 801.8
General and administrative										42.4	50.8	42.2
Depreciation and amortization										187.6	206.1	212.5
Total expenses		155	147.9	143.8	153.1	187.8	177.2	212.5	188.9	599.8	766.4	770.8
Income from unconsolidated investments, net of depreciation and amortization		177.9	34.5	162.2	18	66.3	11.2	190.9	(5.4)	179.7	78.7	77.8
Gain on sale of real estate, net										434.4	371.8	226.7
Gain on sale of business										0	40.4	0
Acquisition-related expenses										(6.8)	(1.7)	(4.4)
Interest expense										(215.1)	(238.2)	(217.7)
Other income										0.4	13.1	8.3
Benefit from (provision for) income taxes		(6.3)	(10.2)	(20.9)	(4)	(24.3)	(6.9)	(29.4)	2.6	(41.4)	(58)	16.3
Net income		158.9	19.4	141.2	1.6	32.9	12.9	167.3	(1)	321.1	212.1	138
Net income attributable to the noncontrolling interests		1.6	1.3	(90.4)	(6.9)	(2.2)	(0.8)	(57.7)	(1.4)	(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs		(2.6)	0	0	0					(2.6)	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		157.9	$ 20.7	$ 50.8	$ (5.3)	30.7	$ 12.1	$ 109.6	$ (2.4)	224.1	150	100.5
Segment Reporting Information, Assets [Abstract]
Assets	[1]	$ 7,304.5				7,381.8				7,304.5	7,381.8
Expenditures for long lived assets										$ (210.9)	(355.8)	(567.6)
Investments Segment [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		61.00%								61.00%
Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information [Line Items]
Area of real estate property (in sq ft) | ft²		49								49
Number of offices | office		14								14
Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										$ 529	727.1	758.9
General and administrative										27.6	31.6	26
Depreciation and amortization										187.6	205.8	212.2
Total expenses										501.6	645.7	646.6
Income from unconsolidated investments, net of depreciation and amortization										143.4	51.3	66.4
Gain on sale of real estate, net										434.4	371.8	226.7
Gain on sale of business											0
Acquisition-related expenses										(6.8)	(1.7)	(4.4)
Interest expense										(145.6)	(161)	(145.6)
Other income										2.8	1.8	(5.1)
Benefit from (provision for) income taxes										(14.5)	(14)	(4.8)
Net income										441.1	329.6	245.5
Net income attributable to the noncontrolling interests										(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs										0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders										346.7	267.5	208
Segment Reporting Information, Assets [Abstract]
Assets		$ 6,945.1				7,155				6,945.1	7,155
Expenditures for long lived assets										(210.9)	(355.8)	(567.6)
Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										40.7	45.3	42.9
General and administrative										7.8	12.1	11.3
Depreciation and amortization										0	0.3	0.3
Total expenses										34.5	51.8	54
Income from unconsolidated investments, net of depreciation and amortization										36.3	27.4	11.4
Gain on sale of real estate, net										0	0	0
Gain on sale of business											40.4
Acquisition-related expenses										0	0	0
Interest expense										0	0	0
Other income										0	0	0
Benefit from (provision for) income taxes										0	0	0
Net income										42.5	61.3	0.3
Net income attributable to the noncontrolling interests										0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders										42.5	61.3	0.3
Segment Reporting Information, Assets [Abstract]
Assets		61.1				64.3				61.1	64.3
Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
General and administrative										7	7.1	4.9
Depreciation and amortization										0	0	0
Total expenses										63.7	68.9	70.2
Income from unconsolidated investments, net of depreciation and amortization										0	0	0
Gain on sale of real estate, net										0	0	0
Gain on sale of business											0
Acquisition-related expenses										0	0	0
Interest expense										(69.5)	(77.2)	(72.1)
Other income										(2.4)	11.3	13.4
Benefit from (provision for) income taxes										(26.9)	(44)	21.1
Net income										(162.5)	(178.8)	(107.8)
Net income attributable to the noncontrolling interests										0	0	0
Preferred dividends and accretion of preferred stock issuance costs										(2.6)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders										(165.1)	(178.8)	(107.8)
Segment Reporting Information, Assets [Abstract]
Assets		$ 298.3				$ 162.5				298.3	162.5
Rental [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										447.4	514.6	504.7
Cost of goods sold										152.9	160.8	151.2
Rental [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										447.4	514.6	504.7
Cost of goods sold										152.9	160.8	151.2
Rental [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Rental [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Hotel [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										80.5	155.7	127.5
Cost of goods sold										60.1	121.5	100.3
Hotel [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										80.5	155.7	127.5
Cost of goods sold										60.1	121.5	100.3
Hotel [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Hotel [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Sale of real estate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										1.1	56.8	111.5
Cost of goods sold										1.2	52.5	80.2
Sale of real estate [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										1.1	56.8	111.5
Cost of goods sold										1.2	52.5	80.2
Sale of real estate [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Sale of real estate [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Cost of goods sold										0	0	0
Investment management, property services and research fees [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										40.7	45.3	42.9
Investment management, property services and research fees [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Investment management, property services and research fees [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										40.7	45.3	42.9
Investment management, property services and research fees [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	0
Loan purchases, loan originations, and other [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue										0	0	15.2
Loan purchases, loan originations, and other [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue												15.2
Loan purchases, loan originations, and other [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue												0
Loan purchases, loan originations, and other [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Total revenue												0
Commission and marketing [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										3.8	5.9	7.2
Commission and marketing [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										0	0	0
Commission and marketing [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										3.8	5.9	7.2
Commission and marketing [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										0	0	0
Compensation and related [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										151.8	168.8	177.2
Compensation and related [Member] | Operating Segments [Member] | Investments Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										72.2	73.5	76.7
Compensation and related [Member] | Operating Segments [Member] | Investment Management and Real Estate Services Segment [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										22.9	33.5	35.2
Compensation and related [Member] | Corporate [Member]
Segment Reporting Information, Income and Expense Activity [Abstract]
Cost of goods sold										$ 56.7	$ 61.8	$ 65.3
[1]	The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Geographical Region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	$ 569.7	$ 772.4	$ 801.8
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									275.7	327.7	307.6
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									294	444.7	493.2
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									$ 0	$ 0	$ 1

GUARANTOR AND NON-GUARANTOR F_3

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents		$ 573.9	$ 488	$ 351.3	$ 885.7
Accounts receivable		52.1	56.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		5,080.2	5,702.5
Unconsolidated investments		1,334.6	859.9
Investments in and advances to consolidated subsidiaries		0	0
Other assets		263.7	274.8
Total assets	[1]	7,304.5	7,381.8
Liabilities
Accounts payable		20.4	24.1
Accrued expenses and other liabilities		518	513.7
Total liabilities	[1]	5,585.3	5,950.6
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,678.7	1,246.7
Noncontrolling interests		40.5	184.5
Total equity		1,719.2	1,431.2	1,577.5	2,343.1
Total liabilities and equity		7,304.5	7,381.8
Mortgage debt [Member]
Liabilities
Debt		2,641	2,950.3
KW unsecured debt [Member]
Liabilities
Debt		1,131.7	1,202
KWE unsecured bonds [Member]
Liabilities
Debt		1,274.2	1,260.5
Reportable Legal Entities [Member] | Parent [Member]
Assets
Cash and cash equivalents		30.8	0	0	0
Accounts receivable		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		1,682.3	1,276.9
Other assets		0	0
Total assets		1,713.1	1,276.9
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		34.4	30.2
Total liabilities		34.4	30.2
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,678.7	1,246.7
Noncontrolling interests		0	0
Total equity		1,678.7	1,246.7
Total liabilities and equity		1,713.1	1,276.9
Reportable Legal Entities [Member] | Parent [Member] | Mortgage debt [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Parent [Member] | KW unsecured debt [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Parent [Member] | KWE unsecured bonds [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Assets
Cash and cash equivalents		6.4	1.9	33.4	106
Accounts receivable		0	0.8
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0	0
Unconsolidated investments		18.2	19.2
Investments in and advances to consolidated subsidiaries		3,037.5	2,652.7
Other assets		0	0.9
Total assets		3,062.1	2,675.5
Liabilities
Accounts payable		0.9	0.7
Accrued expenses and other liabilities		247.2	195.9
Total liabilities		1,379.8	1,398.6
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,682.3	1,276.9
Noncontrolling interests		0	0
Total equity		1,682.3	1,276.9
Total liabilities and equity		3,062.1	2,675.5
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Mortgage debt [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | KW unsecured debt [Member]
Liabilities
Debt		1,131.7	1,202
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | KWE unsecured bonds [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents		102.7	101.9	54.9	45.4
Accounts receivable		13.9	4.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,052.3	1,870.6
Unconsolidated investments		526	433.4
Investments in and advances to consolidated subsidiaries		1,660.5	1,458.3
Other assets		61.1	68.6
Total assets		4,416.5	3,937.2
Liabilities
Accounts payable		3.4	1.9
Accrued expenses and other liabilities		59.7	70
Total liabilities		1,379	1,284.5
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		3,037.5	2,652.7
Noncontrolling interests		0	0
Total equity		3,037.5	2,652.7
Total liabilities and equity		4,416.5	3,937.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Mortgage debt [Member]
Liabilities
Debt		1,315.9	1,212.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | KW unsecured debt [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | KWE unsecured bonds [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents		434	384.2	$ 263	$ 734.3
Accounts receivable		38.2	51.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		3,027.9	3,831.9
Unconsolidated investments		790.4	407.3
Investments in and advances to consolidated subsidiaries		0	0
Other assets		202.6	205.3
Total assets		4,493.1	4,880.1
Liabilities
Accounts payable		16.1	21.5
Accrued expenses and other liabilities		176.7	217.6
Total liabilities		2,792.1	3,237.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,660.5	1,458.3
Noncontrolling interests		40.5	184.5
Total equity		1,701	1,642.8
Total liabilities and equity		4,493.1	4,880.1
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Mortgage debt [Member]
Liabilities
Debt		1,325.1	1,737.7
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | KW unsecured debt [Member]
Liabilities
Debt		0	0
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | KWE unsecured bonds [Member]
Liabilities
Debt		1,274.2	1,260.5
Elimination [Member]
Assets
Cash and cash equivalents		0	0
Accounts receivable		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		(6,380.3)	(5,387.9)
Other assets		0	0
Total assets		(6,380.3)	(5,387.9)
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Total liabilities		0	0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(6,380.3)	(5,387.9)
Noncontrolling interests			0
Total equity		(6,380.3)	(5,387.9)
Total liabilities and equity		(6,380.3)	(5,387.9)
Elimination [Member] | Mortgage debt [Member]
Liabilities
Debt		0	0
Elimination [Member] | KW unsecured debt [Member]
Liabilities
Debt		0	0
Elimination [Member] | KWE unsecured bonds [Member]
Liabilities
Debt		$ 0	$ 0
[1]	The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

GUARANTOR AND NON-GUARANTOR F_4

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Consolidating Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	$ 569.7	$ 772.4	$ 801.8
Expenses
General and administrative									42.4	50.8	42.2
Depreciation and amortization									187.6	206.1	212.5
Total expenses	155	147.9	143.8	153.1	187.8	177.2	212.5	188.9	599.8	766.4	770.8
Income from unconsolidated investments, net of depreciation and amortization	177.9	34.5	162.2	18	66.3	11.2	190.9	(5.4)	179.7	78.7	77.8
Income from consolidated subsidiaries									0	0	0
Gain on sale of real estate, net									434.4	371.8	226.7
Gain on sale of business									0	40.4	0
Acquisition -related gains										0	0
Acquisition-related expenses									(6.8)	(1.7)	(4.4)
Interest expense									(215.1)	(238.2)	(217.7)
Other income									0.4	13.1	8.3
Income before (provision for) benefit from income taxes	165.2	29.6	162.1	5.6	57.2	19.8	196.7	(3.6)	362.5	270.1	121.7
(Provision for) benefit from income taxes	(6.3)	(10.2)	(20.9)	(4)	(24.3)	(6.9)	(29.4)	2.6	(41.4)	(58)	16.3
Net income	158.9	19.4	141.2	1.6	32.9	12.9	167.3	(1)	321.1	212.1	138
Net (income) loss attributable to the noncontrolling interests	1.6	1.3	(90.4)	(6.9)	(2.2)	(0.8)	(57.7)	(1.4)	(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs	(2.6)	0	0	0					(2.6)	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 157.9	$ 20.7	$ 50.8	$ (5.3)	$ 30.7	$ 12.1	$ 109.6	$ (2.4)	224.1	150	100.5
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Expenses
General and administrative									0	0	0
Depreciation and amortization									0	0	0
Total expenses									31.8	37.1	38.4
Income from unconsolidated investments, net of depreciation and amortization									0	0	0
Income from consolidated subsidiaries									352.8	249.2	176.4
Gain on sale of real estate, net									0	0	0
Gain on sale of business										0	0
Acquisition -related gains										0	0
Acquisition-related expenses									0	0	0
Interest expense									0	0	0
Other income									0.1	0	0
Income before (provision for) benefit from income taxes									321.1	212.1	138
(Provision for) benefit from income taxes									0	0	0
Net income									321.1	212.1	138
Net (income) loss attributable to the noncontrolling interests									0	0	0
Preferred dividends and accretion of preferred stock issuance costs									(2.6)	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders									318.5	212.1	138
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0.8	0	0
Expenses
General and administrative									19.8	20.3	14
Depreciation and amortization									1.1	1.3	1.4
Total expenses									95.9	92.9	93.7
Income from unconsolidated investments, net of depreciation and amortization									0.1	(1.3)	3.7
Income from consolidated subsidiaries									547.7	451.3	307.5
Gain on sale of real estate, net									0	0	0
Gain on sale of business										0	0
Acquisition -related gains										0	0
Acquisition-related expenses									(3.1)	(0.1)	0
Interest expense									(69.5)	(77.1)	(72.1)
Other income									(0.3)	13.3	9.9
Income before (provision for) benefit from income taxes									379.8	293.2	155.3
(Provision for) benefit from income taxes									(26.9)	(44)	21.1
Net income									352.9	249.2	176.4
Net (income) loss attributable to the noncontrolling interests									0	0	0
Preferred dividends and accretion of preferred stock issuance costs									0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders									352.9	249.2	176.4
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									210.2	210.3	181.4
Expenses
General and administrative									15.9	21.2	17.6
Depreciation and amortization									62.5	56.9	50.1
Total expenses									185.7	201.4	184
Income from unconsolidated investments, net of depreciation and amortization									83.3	60.3	41.7
Income from consolidated subsidiaries									479.8	332.7	256.2
Gain on sale of real estate, net									8.2	61.4	46.6
Gain on sale of business										40.4	0
Acquisition -related gains										0	0
Acquisition-related expenses									(0.2)	(1.1)	(1.3)
Interest expense									(49.2)	(52.8)	(38)
Other income									0.2	0.1	1.6
Income before (provision for) benefit from income taxes									546.6	449.9	304.2
(Provision for) benefit from income taxes									1.1	1.4	3.3
Net income									547.7	451.3	307.5
Net (income) loss attributable to the noncontrolling interests									0	0	0
Preferred dividends and accretion of preferred stock issuance costs									0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders									547.7	451.3	307.5
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									358.7	562.1	620.4
Expenses
General and administrative									6.7	9.3	10.6
Depreciation and amortization									124	147.9	161
Total expenses									286.4	435	454.7
Income from unconsolidated investments, net of depreciation and amortization									96.3	19.7	32.4
Income from consolidated subsidiaries									0	0	0
Gain on sale of real estate, net									426.2	310.4	180.1
Gain on sale of business										0	0
Acquisition -related gains										0	0
Acquisition-related expenses									(3.5)	(0.5)	(3.1)
Interest expense									(96.4)	(108.3)	(107.6)
Other income									0.4	(0.3)	(3.2)
Income before (provision for) benefit from income taxes									495.3	348.1	264.3
(Provision for) benefit from income taxes									(15.6)	(15.4)	(8.1)
Net income									479.7	332.7	256.2
Net (income) loss attributable to the noncontrolling interests									(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs									0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders									385.3	270.6	218.7
Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Expenses
General and administrative									0	0	0
Depreciation and amortization									0	0	0
Total expenses									0	0	0
Income from unconsolidated investments, net of depreciation and amortization									0	0	0
Income from consolidated subsidiaries									(1,380.3)	(1,033.2)	(740.1)
Gain on sale of real estate, net									0	0	0
Gain on sale of business										0	0
Acquisition -related gains										0	0
Acquisition-related expenses									0	0	0
Interest expense									0	0	0
Other income									0	0	0
Income before (provision for) benefit from income taxes									(1,380.3)	(1,033.2)	(740.1)
(Provision for) benefit from income taxes									0	0	0
Net income									(1,380.3)	(1,033.2)	(740.1)
Net (income) loss attributable to the noncontrolling interests									0	0	0
Preferred dividends and accretion of preferred stock issuance costs									0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders									(1,380.3)	(1,033.2)	(740.1)
Rental [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									447.4	514.6	504.7
Cost of goods sold									152.9	160.8	151.2
Rental [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Rental [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Rental [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									173.6	168.4	143.9
Cost of goods sold									64.3	62.3	54.7
Rental [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									273.8	346.2	360.8
Cost of goods sold									88.6	98.5	96.5
Rental [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Hotel [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									80.5	155.7	127.5
Cost of goods sold									60.1	121.5	100.3
Hotel [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Hotel [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Hotel [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Hotel [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									80.5	155.7	127.5
Cost of goods sold									60.1	121.5	100.3
Hotel [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Sale of real estate [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									1.1	56.8	111.5
Cost of goods sold									1.2	52.5	80.2
Sale of real estate [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Sale of real estate [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Sale of real estate [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	2.3
Cost of goods sold									0	0	1.8
Sale of real estate [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									1.1	56.8	109.2
Cost of goods sold									1.2	52.5	78.4
Sale of real estate [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Cost of goods sold									0	0	0
Investment management, property services and research fees [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									40.7	45.3	42.9
Investment management, property services and research fees [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Investment management, property services and research fees [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0.8	0	0
Investment management, property services and research fees [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									36.6	41.9	34.7
Investment management, property services and research fees [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									3.3	3.4	8.2
Investment management, property services and research fees [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Loan purchases, loan originations, and other [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	15.2
Loan purchases, loan originations, and other [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue											0
Loan purchases, loan originations, and other [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue											0
Loan purchases, loan originations, and other [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue											0.5
Loan purchases, loan originations, and other [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue											14.7
Loan purchases, loan originations, and other [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Total revenue											0
Commission and marketing [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									3.8	5.9	7.2
Commission and marketing [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									0	0	0
Commission and marketing [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									0	0	0
Commission and marketing [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									3.8	5.9	7
Commission and marketing [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									0	0	0.2
Commission and marketing [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									0	0	0
Compensation and related [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									151.8	168.8	177.2
Compensation and related [Member] | Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									31.8	37.1	38.4
Compensation and related [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									75	71.3	78.3
Compensation and related [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									39.2	55.1	52.8
Compensation and related [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									5.8	5.3	7.7
Compensation and related [Member] | Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of goods sold									$ 0	$ 0	$ 0

GUARANTOR AND NON-GUARANTOR F_5

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net income	$ 158.9	$ 19.4	$ 141.2	$ 1.6	$ 32.9	$ 12.9	$ 167.3	$ (1)	$ 321.1	$ 212.1	$ 138
Other comprehensive income, net of tax:
Unrealized gain on marketable securities									0	0	0.2
Unrealized currency derivative contract gain (loss)									(0.7)
Unrealized foreign currency translation (loss) gain									(13.3)	(62.6)	155.3
Amounts reclassified from accumulated other comprehensive income									10.4	13.2	2
Unrealized currency derivative contracts gain (loss)										38.3	(68.3)
Unrealized forward contract forward currency gain									38.7
Total other comprehensive income (loss) for the year									35.1	(11.1)	89.2
Comprehensive income									356.2	201	227.2
Comprehensive income attributable to noncontrolling interests									(105)	(65.4)	(124.2)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									251.2	135.6	103
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									321.1	212.1	138
Other comprehensive income, net of tax:
Unrealized gain on marketable securities										0	0.2
Unrealized currency derivative contract gain (loss)									(0.7)
Unrealized foreign currency translation (loss) gain									(13.3)	(62.6)	155.3
Amounts reclassified from accumulated other comprehensive income									10.4	13.2	2
Unrealized currency derivative contracts gain (loss)										38.3	(68.3)
Unrealized forward contract forward currency gain									38.7
Total other comprehensive income (loss) for the year									35.1	(11.1)	89.2
Comprehensive income									356.2	201	227.2
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									356.2	201	227.2
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									352.9	249.2	176.4
Other comprehensive income, net of tax:
Unrealized gain on marketable securities										0	0.2
Unrealized currency derivative contract gain (loss)									(0.7)
Unrealized foreign currency translation (loss) gain									(13.3)	(62.6)	155.3
Amounts reclassified from accumulated other comprehensive income									10.4	13.2	2
Unrealized currency derivative contracts gain (loss)										38.3	(68.3)
Unrealized forward contract forward currency gain									38.7
Total other comprehensive income (loss) for the year									35.1	(11.1)	89.2
Comprehensive income									388	238.1	265.6
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									388	238.1	265.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									547.7	451.3	307.5
Other comprehensive income, net of tax:
Unrealized gain on marketable securities										0	0
Unrealized currency derivative contract gain (loss)									0
Unrealized foreign currency translation (loss) gain									16.1	(45.7)	30.6
Amounts reclassified from accumulated other comprehensive income									0	0	0
Unrealized currency derivative contracts gain (loss)										46.1	(21.9)
Unrealized forward contract forward currency gain									(15.4)
Total other comprehensive income (loss) for the year									0.7	0.4	8.7
Comprehensive income									548.4	451.7	316.2
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									548.4	451.7	316.2
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									479.7	332.7	256.2
Other comprehensive income, net of tax:
Unrealized gain on marketable securities										0	0
Unrealized currency derivative contract gain (loss)									0
Unrealized foreign currency translation (loss) gain									(4.7)	(61.6)	458.7
Amounts reclassified from accumulated other comprehensive income									10.4	18.3	2
Unrealized currency derivative contracts gain (loss)										(7.8)	(46.4)
Unrealized forward contract forward currency gain									54.1
Total other comprehensive income (loss) for the year									59.8	(51.1)	414.3
Comprehensive income									539.5	281.6	670.5
Comprehensive income attributable to noncontrolling interests									(105)	(65.4)	(124.2)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									434.5	216.2	546.3
Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									(1,380.3)	(1,033.2)	(740.1)
Other comprehensive income, net of tax:
Unrealized gain on marketable securities										0	(0.2)
Unrealized currency derivative contract gain (loss)									0.7
Unrealized foreign currency translation (loss) gain									1.9	169.9	(644.6)
Amounts reclassified from accumulated other comprehensive income									(20.8)	(31.5)	(4)
Unrealized currency derivative contracts gain (loss)										(76.6)	136.6
Unrealized forward contract forward currency gain									(77.4)
Total other comprehensive income (loss) for the year									(95.6)	61.8	(512.2)
Comprehensive income									(1,475.9)	(971.4)	(1,252.3)
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.									$ (1,475.9)	$ (971.4)	$ (1,252.3)

GUARANTOR AND NON-GUARANTOR F_6

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ (19.5)	$ 93.1	$ 73
Cash flows from investing activities:
Proceeds from collection of loans	0.6	5.8	16.9
Issuance of loans	(2.7)	(2.2)
Nonrefundable escrow deposits	0	(5)	0
Net proceeds from sale of consolidated real estate	701	1,386.1	659.1
Net proceeds from sale of a business		43.4
Purchases of consolidated real estate	(210.9)	(355.8)	(567.6)
Capital expenditures to real estate	(191.1)	(216)	(246.7)
Investment in marketable securities		(0.2)	(0.8)
Proceeds from sale of marketable securities	0	7.4	1.1
Investing distributions from unconsolidated investments	115	63.7	133.4
Contributions to unconsolidated investments	(266)	(396.1)	(79.9)
Proceeds from settlement of foreign currency derivative contracts	33.4	10.7	(2.8)
Purchases of foreign currency derivative contracts	0	(0.6)	(0.4)
Additions to development project asset	(1.2)	(29.1)	(19.4)
Proceeds from development project asset	4.2	81	36.9
(Investments in) distributions from consolidated subsidiaries, net	0	0	0
Net cash provided by (used in) investing activities	182.3	593.1	(70.2)
Cash flow from financing activities:
Borrowings under senior notes payable	0	246.6	0
Borrowings under line of credit/term loan	125	225	800
Repayment of senior notes payable	0	0	(55)
Repayment of line of credit/term loan	(200)	(450)	(500)
Borrowings under mortgage debt	488.6	725	848.3
Borrowings under investment debt	488.6	725	848.3
Repayment of investment debt	(391.4)	(866.8)	(684.7)
Payment of loan fees	(4.8)	(9.5)	(9.5)
Repayment of shareholder loans to noncontrolling interests	(11.2)	0	0
Repurchase of common stock	(20.7)	(177.9)	(67.7)
Issuance of preferred stock	295.2	0	0
Common stock dividends paid	(114.9)	(111.2)	(59.2)
Preferred stock dividends paid	(2.6)	0	0
Dividends paid		(111.2)	(59.2)
KWE closing dividend		(17.2)
Costs associated with KWE Transaction			(55.8)
Cash paid to acquire noncontrolling interest in KWE	0	0	(719.8)
Acquisition of noncontrolling interests		0	(3.3)
Contributions from noncontrolling interests	15	23.2	47.4
Distributions to noncontrolling interests	(264)	(116)	(106)
Net cash used in financing activities	(85.8)	(528.8)	(565.3)
Effect of currency exchange rate changes on cash and cash equivalents	8.9	(20.7)	28.1
Net change in cash and cash equivalents	85.9	136.7	(534.4)
Cash and cash equivalents, beginning of year	488	351.3	885.7
Cash and cash equivalents, end of year	573.9	488	351.3
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(3.7)	(1.2)	(15.3)
Cash flows from investing activities:
Proceeds from collection of loans	0	0	0
Issuance of loans	0	0
Nonrefundable escrow deposits	0	0
Net proceeds from sale of consolidated real estate	0	0	0
Net proceeds from sale of a business		0
Purchases of consolidated real estate	0	0	0
Capital expenditures to real estate	0	0	0
Investment in marketable securities		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	0
Purchases of foreign currency derivative contracts	0	0	0
Additions to development project asset	0	0	0
Proceeds from development project asset	0	0	0
(Investments in) distributions from consolidated subsidiaries, net	(122.5)	290.3	198
Net cash provided by (used in) investing activities	(122.5)	290.3	198
Cash flow from financing activities:
Borrowings under senior notes payable	0	0
Borrowings under line of credit/term loan	0	0	0
Repayment of senior notes payable			0
Repayment of line of credit/term loan	0	0	0
Borrowings under mortgage debt	0	0	0
Borrowings under investment debt	0	0	0
Repayment of investment debt	0	0	0
Payment of loan fees	0	0	0
Repayment of shareholder loans to noncontrolling interests	0
Repurchase of common stock	(20.7)	(177.9)	(67.7)
Issuance of preferred stock	295.2
Common stock dividends paid	(114.9)
Preferred stock dividends paid	(2.6)
Dividends paid		(111.2)	(59.2)
KWE closing dividend		0
Costs associated with KWE Transaction			(55.8)
Cash paid to acquire noncontrolling interest in KWE			0
Acquisition of noncontrolling interests			0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Net cash used in financing activities	157	(289.1)	(182.7)
Effect of currency exchange rate changes on cash and cash equivalents	0	0	0
Net change in cash and cash equivalents	30.8	0	0
Cash and cash equivalents, beginning of year	0	0	0
Cash and cash equivalents, end of year	30.8	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	(130.4)	(133.7)	(182.8)
Cash flows from investing activities:
Proceeds from collection of loans	0	0	0
Issuance of loans	0	0
Nonrefundable escrow deposits	0	(5)
Net proceeds from sale of consolidated real estate	0	0	0
Net proceeds from sale of a business		0
Purchases of consolidated real estate	0	0	0
Capital expenditures to real estate	0	0	0
Investment in marketable securities		(0.2)	0
Proceeds from sale of marketable securities		0	0
Investing distributions from unconsolidated investments	0.8	0	0
Contributions to unconsolidated investments	(1.7)	(1.2)	0
Proceeds from settlement of foreign currency derivative contracts	0	10.7	(2.8)
Purchases of foreign currency derivative contracts	0	(0.6)	(0.4)
Additions to development project asset	0	0	0
Proceeds from development project asset	0	0	0
(Investments in) distributions from consolidated subsidiaries, net	210.8	81.4	(126.2)
Net cash provided by (used in) investing activities	209.9	85.1	(129.4)
Cash flow from financing activities:
Borrowings under senior notes payable	0	246.6
Borrowings under line of credit/term loan	125	225	800
Repayment of senior notes payable			(55)
Repayment of line of credit/term loan	(200)	(450)	(500)
Borrowings under mortgage debt	0	0	0
Borrowings under investment debt	0	0	0
Repayment of investment debt	0	0	0
Payment of loan fees	0	(4.5)	(5.4)
Repayment of shareholder loans to noncontrolling interests	0
Repurchase of common stock	0	0	0
Issuance of preferred stock	0
Common stock dividends paid	0
Preferred stock dividends paid	0
Dividends paid		0	0
KWE closing dividend		0
Costs associated with KWE Transaction			0
Cash paid to acquire noncontrolling interest in KWE			0
Acquisition of noncontrolling interests			0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Net cash used in financing activities	(75)	17.1	239.6
Effect of currency exchange rate changes on cash and cash equivalents	0	0	0
Net change in cash and cash equivalents	4.5	(31.5)	(72.6)
Cash and cash equivalents, beginning of year	1.9	33.4	106
Cash and cash equivalents, end of year	6.4	1.9	33.4
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	24.1	66.3	(51.4)
Cash flows from investing activities:
Proceeds from collection of loans	0.6	5.8	6.4
Issuance of loans	(2.3)	(0.9)
Nonrefundable escrow deposits	0	0
Net proceeds from sale of consolidated real estate	27.6	161.2	130.8
Net proceeds from sale of a business		43.4
Purchases of consolidated real estate	(97.5)	(242.3)	(421.6)
Capital expenditures to real estate	(59.8)	(27.9)	(0.9)
Investment in marketable securities		0	(0.8)
Proceeds from sale of marketable securities		7.4	1.1
Investing distributions from unconsolidated investments	80.6	25.9	95.2
Contributions to unconsolidated investments	(153.9)	(92.9)	(49.8)
Proceeds from settlement of foreign currency derivative contracts	33.4	0	0
Purchases of foreign currency derivative contracts	0	0	0
Additions to development project asset	0	0	0
Proceeds from development project asset	0	0	0
(Investments in) distributions from consolidated subsidiaries, net	160.3	55.8	166.3
Net cash provided by (used in) investing activities	(11)	(64.5)	(73.3)
Cash flow from financing activities:
Borrowings under senior notes payable	0	0
Borrowings under line of credit/term loan	0	0	0
Repayment of senior notes payable			0
Repayment of line of credit/term loan	0	0	0
Borrowings under mortgage debt	3.5	325.3	239.5
Borrowings under investment debt	3.5	325.3	239.5
Repayment of investment debt	(15)	(278.1)	(103.4)
Payment of loan fees	(0.8)	(2)	(1.9)
Repayment of shareholder loans to noncontrolling interests	0
Repurchase of common stock	0	0	0
Issuance of preferred stock	0
Common stock dividends paid	0
Preferred stock dividends paid	0
Dividends paid		0	0
KWE closing dividend		0
Costs associated with KWE Transaction			0
Cash paid to acquire noncontrolling interest in KWE			0
Acquisition of noncontrolling interests			0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Net cash used in financing activities	(12.3)	45.2	134.2
Effect of currency exchange rate changes on cash and cash equivalents	0	0	0
Net change in cash and cash equivalents	0.8	47	9.5
Cash and cash equivalents, beginning of year	101.9	54.9	45.4
Cash and cash equivalents, end of year	102.7	101.9	54.9
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	90.5	161.7	322.5
Cash flows from investing activities:
Proceeds from collection of loans	0	0	10.5
Issuance of loans	(0.4)	(1.3)
Nonrefundable escrow deposits	0	0
Net proceeds from sale of consolidated real estate	673.4	1,224.9	528.3
Net proceeds from sale of a business		0
Purchases of consolidated real estate	(113.4)	(113.5)	(146)
Capital expenditures to real estate	(131.3)	(188.1)	(245.8)
Investment in marketable securities		0	0
Proceeds from sale of marketable securities		0	0
Investing distributions from unconsolidated investments	33.6	37.8	38.2
Contributions to unconsolidated investments	(110.4)	(302)	(30.1)
Proceeds from settlement of foreign currency derivative contracts	0	0	0
Purchases of foreign currency derivative contracts	0	0	0
Additions to development project asset	(1.2)	(29.1)	(19.4)
Proceeds from development project asset	4.2	81	36.9
(Investments in) distributions from consolidated subsidiaries, net	(248.6)	(427.5)	(238.1)
Net cash provided by (used in) investing activities	105.9	282.2	(65.5)
Cash flow from financing activities:
Borrowings under senior notes payable	0	0
Borrowings under line of credit/term loan	0	0	0
Repayment of senior notes payable			0
Repayment of line of credit/term loan	0	0	0
Borrowings under mortgage debt	485.1	399.7	608.8
Borrowings under investment debt	485.1	399.7	608.8
Repayment of investment debt	(376.4)	(588.7)	(581.3)
Payment of loan fees	(4)	(3)	(2.2)
Repayment of shareholder loans to noncontrolling interests	(11.2)
Repurchase of common stock	0	0	0
Issuance of preferred stock	0
Common stock dividends paid	0
Preferred stock dividends paid	0
Dividends paid		0	0
KWE closing dividend		(17.2)
Costs associated with KWE Transaction			0
Cash paid to acquire noncontrolling interest in KWE			(719.8)
Acquisition of noncontrolling interests			(3.3)
Contributions from noncontrolling interests	15	23.2	47.4
Distributions to noncontrolling interests	(264)	(116)	(106)
Net cash used in financing activities	(155.5)	(302)	(756.4)
Effect of currency exchange rate changes on cash and cash equivalents	8.9	(20.7)	28.1
Net change in cash and cash equivalents	49.8	121.2	(471.3)
Cash and cash equivalents, beginning of year	384.2	263	734.3
Cash and cash equivalents, end of year	$ 434	$ 384.2	$ 263

UNAUDITED QUARTERLY INFORMATI_3

UNAUDITED QUARTERLY INFORMATION (Details) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)asset$ / shares	Sep. 30, 2019USD ($)$ / shares	Jun. 30, 2019USD ($)$ / shares	Mar. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)$ / shares	Sep. 30, 2018USD ($)$ / shares	Jun. 30, 2018USD ($)$ / shares	Mar. 31, 2018USD ($)$ / shares	Dec. 31, 2019USD ($)asset$ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 142.3	$ 143	$ 143.7	$ 140.7	$ 178.7	$ 185.8	$ 218.3	$ 190.7	$ 569.7	$ 772.4	$ 801.8
Expenses	155	147.9	143.8	153.1	187.8	177.2	212.5	188.9	599.8	766.4	770.8
Other income (expenses)(1)	177.9	34.5	162.2	18	66.3	11.2	190.9	(5.4)	179.7	78.7	77.8
Income (loss) before provision for income taxes	165.2	29.6	162.1	5.6	57.2	19.8	196.7	(3.6)	362.5	270.1	121.7
Benefit from (provision for) income taxes	(6.3)	(10.2)	(20.9)	(4)	(24.3)	(6.9)	(29.4)	2.6	(41.4)	(58)	16.3
Net income	158.9	19.4	141.2	1.6	32.9	12.9	167.3	(1)	321.1	212.1	138
Net income attributable to the noncontrolling interests	1.6	1.3	(90.4)	(6.9)	(2.2)	(0.8)	(57.7)	(1.4)	(94.4)	(62.1)	(37.5)
Preferred dividends and accretion of preferred stock issuance costs	(2.6)	0	0	0					(2.6)	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 157.9	$ 20.7	$ 50.8	$ (5.3)	$ 30.7	$ 12.1	$ 109.6	$ (2.4)	$ 224.1	$ 150	$ 100.5
Basic (loss) earnings per share (in dollars per share) | $ / shares	$ 1.13	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	$ 1.60	$ 1.04	$ 0.83
Income per diluted (in dollars per share) | $ / shares	$ 1.12	$ 0.15	$ 0.36	$ (0.04)	$ 0.21	$ 0.09	$ 0.77	$ (0.02)	$ 1.58	$ 1.04	$ 0.83
Deconsolidation, gain (loss)	$ 112.4
Real estate units sold, number of assets | asset	2								2
Ownership percentage sold of equity method investment	20.00%

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)aUnit	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,655.3
Initial Cost
Land	1,378.6
Building & Improvements	3,865.4
Costs Capitalized Subsequent to Acquisition
Improvements	469.5
Gross Balance at December 31, 2016
Land	1,330.6
Building & Improvements	4,099.9
Total	5,430.5	$ 5,981.7	$ 6,578.6	$ 5,805.4
Accumulated Depreciation	(466.8)	$ (406.5)	$ (344)	$ (230.3)
Aggregate tax basis of all properties	5,224.7
Southern California [Member] | Commercial [Member] | Office, 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	34.6
Gross Balance at December 31, 2016
Land	11.5
Building & Improvements	54.1
Total	65.6
Accumulated Depreciation	$ (6.1)
Depreciable Life in Years	39 years
Southern California [Member] | Commercial [Member] | Retail, Constructed 1985 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 27
Initial Cost
Land	9.1
Building & Improvements	14
Costs Capitalized Subsequent to Acquisition
Improvements	11.7
Gross Balance at December 31, 2016
Land	9.1
Building & Improvements	25.7
Total	34.8
Accumulated Depreciation	$ (2.9)
Depreciable Life in Years	39 years
Southern California [Member] | Commercial [Member] | Office, Constructed 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 49.5
Initial Cost
Land	37.8
Building & Improvements	60.5
Costs Capitalized Subsequent to Acquisition
Improvements	13.1
Gross Balance at December 31, 2016
Land	37.8
Building & Improvements	73.6
Total	111.4
Accumulated Depreciation	$ (9.4)
Depreciable Life in Years	39 years
Southern California [Member] | Commercial [Member] | Office, Constructed 1968 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28.8
Initial Cost
Land	11.6
Building & Improvements	36.5
Costs Capitalized Subsequent to Acquisition
Improvements	4.5
Gross Balance at December 31, 2016
Land	11.6
Building & Improvements	40.9
Total	52.5
Accumulated Depreciation	$ (5.9)
Depreciable Life in Years	39 years
Southern California [Member] | Commercial [Member] | Office 2, Constructed 1982 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 35
Initial Cost
Land	20.7
Building & Improvements	47.9
Costs Capitalized Subsequent to Acquisition
Improvements	25.8
Gross Balance at December 31, 2016
Land	20.7
Building & Improvements	53.9
Total	74.6
Accumulated Depreciation	$ (6.6)
Depreciable Life in Years	39 years
Southern California [Member] | Commercial [Member] | Office Constructed 1956 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 16
Initial Cost
Land	27.4
Building & Improvements	6.8
Costs Capitalized Subsequent to Acquisition
Improvements	1.4
Gross Balance at December 31, 2016
Land	27.4
Building & Improvements	8.3
Total	35.7
Accumulated Depreciation	$ (0.3)
Depreciable Life in Years	39 years
Southern California [Member] | Multifamily [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	5
Gross Balance at December 31, 2016
Land	9.3
Building & Improvements	42.3
Total	51.6
Accumulated Depreciation	$ (6.6)
Depreciable Life in Years	39 years
Number of units | Unit	208
Southern California [Member] | Multifamily [Member] | 460-Unit Multifamily Building, Constructed 1988 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 46.7
Initial Cost
Land	13.2
Building & Improvements	53
Costs Capitalized Subsequent to Acquisition
Improvements	4.5
Gross Balance at December 31, 2016
Land	13.2
Building & Improvements	57.5
Total	70.7
Accumulated Depreciation	$ (7.7)
Depreciable Life in Years	39 years
Number of units | Unit	460
Southern California [Member] | Multifamily [Member] | 386-Unit Multifamily Building, Constructed 2002 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 66
Initial Cost
Land	0
Building & Improvements	81.4
Costs Capitalized Subsequent to Acquisition
Improvements	7.8
Gross Balance at December 31, 2016
Land	0
Building & Improvements	89.3
Total	89.3
Accumulated Depreciation	$ (8.5)
Depreciable Life in Years	39 years
Number of units | Unit	386
Southern California [Member] | Multifamily [Member] | 157-Unit Multifamily Building, Constructed 2013 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 42.9
Initial Cost
Land	14.5
Building & Improvements	46
Costs Capitalized Subsequent to Acquisition
Improvements	1.1
Gross Balance at December 31, 2016
Land	14.5
Building & Improvements	47.1
Total	61.6
Accumulated Depreciation	$ (4.2)
Depreciable Life in Years	39 years
Number of units | Unit	157
Southern California [Member] | Multifamily [Member] | Land 1 Acquired 2018 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.6
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	3.6
Building & Improvements	0
Total	3.6
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1981 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1.3
Initial Cost
Land	0.5
Building & Improvements	1.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.4
Gross Balance at December 31, 2016
Land	0.5
Building & Improvements	1.6
Total	2.1
Accumulated Depreciation	$ (0.2)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1958, 1974-1976, 1985, 1989, 2006 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10.2
Initial Cost
Land	2.1
Building & Improvements	2.9
Costs Capitalized Subsequent to Acquisition
Improvements	1.8
Gross Balance at December 31, 2016
Land	1.8
Building & Improvements	4.7
Total	6.5
Accumulated Depreciation	$ (0.5)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1980, 1983 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4.6
Initial Cost
Land	2.6
Building & Improvements	5.6
Costs Capitalized Subsequent to Acquisition
Improvements	1.2
Gross Balance at December 31, 2016
Land	2.6
Building & Improvements	6.8
Total	9.4
Accumulated Depreciation	$ (1)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1961 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7
Initial Cost
Land	2.6
Building & Improvements	9.5
Costs Capitalized Subsequent to Acquisition
Improvements	3
Gross Balance at December 31, 2016
Land	2.6
Building & Improvements	12.4
Total	15
Accumulated Depreciation	$ (0.9)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1984, 2008 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28.6
Initial Cost
Land	9.3
Building & Improvements	30
Costs Capitalized Subsequent to Acquisition
Improvements	1
Gross Balance at December 31, 2016
Land	9.3
Building & Improvements	31
Total	40.3
Accumulated Depreciation	$ (2.7)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1995, 1996 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4.3
Initial Cost
Land	1.3
Building & Improvements	5.6
Costs Capitalized Subsequent to Acquisition
Improvements	0.5
Gross Balance at December 31, 2016
Land	1.3
Building & Improvements	6.1
Total	7.4
Accumulated Depreciation	$ (0.5)
Depreciable Life in Years	39 years
Mountain States [Member] | Commercial [Member] | Retail, Constructed 1967 and 1983 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 12.3
Initial Cost
Land	4.1
Building & Improvements	12.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Gross Balance at December 31, 2016
Land	4.1
Building & Improvements	12.3
Total	16.4
Accumulated Depreciation	$ (0.8)
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | 450-unit Multifamily Building, Constructed 1974 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 45.2
Initial Cost
Land	18.4
Building & Improvements	43
Costs Capitalized Subsequent to Acquisition
Improvements	6.7
Gross Balance at December 31, 2016
Land	18.4
Building & Improvements	49.7
Total	68.1
Accumulated Depreciation	$ (11.3)
Depreciable Life in Years	39 years
Number of units | Unit	450
Mountain States [Member] | Multifamily [Member] | 366-unit Apartment building, Constructed 2000 [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	10.4
Gross Balance at December 31, 2016
Land	9.1
Building & Improvements	46.7
Total	55.8
Accumulated Depreciation	$ (13)
Depreciable Life in Years	39 years
Number of units | Unit	366
Mountain States [Member] | Multifamily [Member] | 324-Unit Multifamily Building, Constructed 1996 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25.3
Initial Cost
Land	3.2
Building & Improvements	28.5
Costs Capitalized Subsequent to Acquisition
Improvements	6.7
Gross Balance at December 31, 2016
Land	3.2
Building & Improvements	35.2
Total	38.4
Accumulated Depreciation	$ (6.7)
Depreciable Life in Years	39 years
Number of units | Unit	324
Mountain States [Member] | Multifamily [Member] | 204-Unit Multifamily Building, Constructed 1999 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14.3
Initial Cost
Land	2
Building & Improvements	17.6
Costs Capitalized Subsequent to Acquisition
Improvements	2.6
Gross Balance at December 31, 2016
Land	2
Building & Improvements	20.3
Total	22.3
Accumulated Depreciation	$ (2.3)
Depreciable Life in Years	39 years
Number of units | Unit	204
Mountain States [Member] | Multifamily [Member] | 168-Unit Multifamily Building, Constructed 1992 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10.9
Initial Cost
Land	1.8
Building & Improvements	13.1
Costs Capitalized Subsequent to Acquisition
Improvements	2.2
Gross Balance at December 31, 2016
Land	1.8
Building & Improvements	15.2
Total	17
Accumulated Depreciation	$ (1.9)
Depreciable Life in Years	39 years
Number of units | Unit	168
Mountain States [Member] | Multifamily [Member] | Land 1 Acquired 2018 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3.8
Initial Cost
Land	5.7
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	20
Building & Improvements	0
Total	20
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | 300-Unit Multifamily Building, Constructed 1995 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22
Initial Cost
Land	4.8
Building & Improvements	29.2
Costs Capitalized Subsequent to Acquisition
Improvements	4.2
Gross Balance at December 31, 2016
Land	4.8
Building & Improvements	33.4
Total	38.2
Accumulated Depreciation	$ (2.3)
Depreciable Life in Years	39 years
Number of units | Unit	300
Mountain States [Member] | Multifamily [Member] | 200-Unit Multifamily Building, Constructed 2012 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 20.7
Initial Cost
Land	1.4
Building & Improvements	25.9
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2016
Land	1.4
Building & Improvements	26.5
Total	27.9
Accumulated Depreciation	$ (1.6)
Depreciable Life in Years	39 years
Number of units | Unit	200
Mountain States [Member] | Multifamily [Member] | 88-Unit Multifamily Building Constructed 1988 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8.6
Initial Cost
Land	2.6
Building & Improvements	10.4
Costs Capitalized Subsequent to Acquisition
Improvements	1
Gross Balance at December 31, 2016
Land	2.6
Building & Improvements	11.4
Total	14
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
Number of units | Unit	88
Mountain States [Member] | Multifamily [Member] | 492-Unit Multifamily Building Constructed 1985 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 59.1
Initial Cost
Land	15.8
Building & Improvements	63.2
Costs Capitalized Subsequent to Acquisition
Improvements	4.2
Gross Balance at December 31, 2016
Land	15.9
Building & Improvements	67.4
Total	83.3
Accumulated Depreciation	$ (3.7)
Depreciable Life in Years	39 years
Number of units | Unit	492
Mountain States [Member] | Multifamily [Member] | 293-Unit Multifamily Building Constructed 1995 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 19.9
Initial Cost
Land	7.2
Building & Improvements	28.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.5
Gross Balance at December 31, 2016
Land	7.2
Building & Improvements	29.3
Total	36.5
Accumulated Depreciation	$ (1.1)
Depreciable Life in Years	39 years
Number of units | Unit	293
Mountain States [Member] | Multifamily [Member] | 188-Unit Multifamily Building Constructed 1985 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.5
Initial Cost
Land	4.9
Building & Improvements	20
Costs Capitalized Subsequent to Acquisition
Improvements	4.8
Gross Balance at December 31, 2016
Land	4.9
Building & Improvements	24.5
Total	29.4
Accumulated Depreciation	$ (0.9)
Depreciable Life in Years	39 years
Number of units | Unit	188
Mountain States [Member] | Multifamily [Member] | 222-Unit Multifamily Building Constructed 1996 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28.8
Initial Cost
Land	9.6
Building & Improvements	38.6
Costs Capitalized Subsequent to Acquisition
Improvements	1
Gross Balance at December 31, 2016
Land	9.6
Building & Improvements	39.5
Total	49.1
Accumulated Depreciation	$ (1.1)
Depreciable Life in Years	39 years
Number of units | Unit	222
Mountain States [Member] | Multifamily [Member] | Land 2 Acquired 2018 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.8
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	4.8
Building & Improvements	0
Total	4.8
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | Land 3 Acquired 2018 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	2.1
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	2.5
Building & Improvements	0
Total	2.5
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | Land 4 Acquired 2018 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.2
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0.6
Building & Improvements	0
Total	0.6
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | Land 1 Acquired 2019 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0.9
Building & Improvements	0
Total	0.9
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | Land 2 Acquired 2019 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0.2
Building & Improvements	0
Total	0.2
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | Land 3 Acquired 2019 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	4
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	18.4
Building & Improvements	0
Total	18.4
Accumulated Depreciation
Depreciable Life in Years	39 years
Mountain States [Member] | Multifamily [Member] | 360-Unit Multifamily Building Constructed 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 52.8
Initial Cost
Land	16.4
Building & Improvements	65.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	16.4
Building & Improvements	65.7
Total	82.1
Accumulated Depreciation	$ (0.1)
Depreciable Life in Years	39 years
Number of units | Unit	360
Northern California [Member] | Commercial [Member] | Office Constructed 2000 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 61.8
Initial Cost
Land	23.5
Building & Improvements	57.3
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	23.5
Building & Improvements	57.3
Total	80.8
Accumulated Depreciation	$ (0.3)
Depreciable Life in Years	39 years
Northern California [Member] | Multifamily [Member] | 178-unit Apartment building, Constructed 1975 [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	9
Gross Balance at December 31, 2016
Land	12.3
Building & Improvements	27.4
Total	39.7
Accumulated Depreciation	$ (8.6)
Depreciable Life in Years	39 years
Number of units | Unit	178
Northern California [Member] | Multifamily [Member] | 542-Unit Multifamily Building, Constructed, 1987 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 90.8
Initial Cost
Land	38.3
Building & Improvements	57.5
Costs Capitalized Subsequent to Acquisition
Improvements	9.7
Gross Balance at December 31, 2016
Land	38.3
Building & Improvements	67.3
Total	105.6
Accumulated Depreciation	$ (13)
Depreciable Life in Years	39 years
Number of units | Unit	542
Northern California [Member] | Multifamily [Member] | 1,008-Unit Multifamily Building, Constructed 1988 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 175
Initial Cost
Land	62.7
Building & Improvements	152.4
Costs Capitalized Subsequent to Acquisition
Improvements	19.3
Gross Balance at December 31, 2016
Land	62.3
Building & Improvements	171.7
Total	234
Accumulated Depreciation	$ (24.3)
Depreciable Life in Years	39 years
Number of units | Unit	1,008
United Kingdom [Member] | Commercial [Member] | Commercial Portfolio 1, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	30.9
Building & Improvements	80.9
Costs Capitalized Subsequent to Acquisition
Improvements	18.2
Gross Balance at December 31, 2016
Land	24.9
Building & Improvements	82.5
Total	107.4
Accumulated Depreciation	$ (12.6)
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	$ 33.2
Initial Cost
Land	79.8
Building & Improvements	294.3
Costs Capitalized Subsequent to Acquisition
Improvements	17.5
Gross Balance at December 31, 2016
Land	57.7
Building & Improvements	239.3
Total	297
Accumulated Depreciation	$ (37.8)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Office, 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	20.3
Gross Balance at December 31, 2016
Land	71.3
Building & Improvements	214.2
Total	285.5
Accumulated Depreciation	$ (36.5)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Retail, Constructed 2010 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 70.4
Initial Cost
Land	6.2
Building & Improvements	109.5
Costs Capitalized Subsequent to Acquisition
Improvements	7.2
Gross Balance at December 31, 2016
Land	5
Building & Improvements	94.7
Total	99.7
Accumulated Depreciation	$ (13.1)
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	$ 308.2
Initial Cost
Land	181.6
Building & Improvements	286
Costs Capitalized Subsequent to Acquisition
Improvements	14.3
Gross Balance at December 31, 2016
Land	151
Building & Improvements	248.3
Total	399.3
Accumulated Depreciation	$ (30.3)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Office Portfolio, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	32.9
Building & Improvements	65.8
Costs Capitalized Subsequent to Acquisition
Improvements	11.8
Gross Balance at December 31, 2016
Land	34.7
Building & Improvements	60.5
Total	95.2
Accumulated Depreciation	$ (5.9)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Industrial, Constructed 1984, 2003 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	6.9
Building & Improvements	8.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2016
Land	8.5
Building & Improvements	7.4
Total	15.9
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Office Portfolio, Acquired 2016 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	32.1
Building & Improvements	70.4
Costs Capitalized Subsequent to Acquisition
Improvements	1.8
Gross Balance at December 31, 2016
Land	29.4
Building & Improvements	66.1
Total	95.5
Accumulated Depreciation	$ (6.1)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Industrial, Constructed 2002 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	5
Building & Improvements	9.2
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	5.2
Building & Improvements	9.6
Total	14.8
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Office, Constructed 1997 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 66.2
Initial Cost
Land	25.2
Building & Improvements	27.8
Costs Capitalized Subsequent to Acquisition
Improvements	1
Gross Balance at December 31, 2016
Land	23.5
Building & Improvements	32.8
Total	56.3
Accumulated Depreciation	$ (0.5)
Depreciable Life in Years	39 years
United Kingdom [Member] | Commercial [Member] | Industrial, Constructed 1990, 2010 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10.3
Initial Cost
Land	3.8
Building & Improvements	11.5
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	3.9
Building & Improvements	11.8
Total	15.7
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
United Kingdom [Member] | Multifamily [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	16.9
Gross Balance at December 31, 2016
Land	19.9
Building & Improvements	92.5
Total	112.4
Accumulated Depreciation	$ (8.2)
Depreciable Life in Years	39 years
Number of units | Unit	294
United Kingdom [Member] | Development [Member] | Land Acquired 2016 [Member]
Initial Cost
Land	$ 4.2
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	4
Building & Improvements	0.3
Total	4.3
Accumulated Depreciation	0
Ireland [Member] | Commercial [Member] | Office, Acquired 2014 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	2
Building & Improvements	4.4
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	1.3
Building & Improvements	5.6
Total	6.9
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 1973 And 2016 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	13.9
Building & Improvements	21.9
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2016
Land	11.5
Building & Improvements	67
Total	78.5
Accumulated Depreciation	$ (6.4)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 2003 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 79
Initial Cost
Land	8.2
Building & Improvements	102.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	6.7
Building & Improvements	84.6
Total	91.3
Accumulated Depreciation	$ (11.6)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Retail, Constructed 1966 And 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 97.7
Initial Cost
Land	59.8
Building & Improvements	83.1
Costs Capitalized Subsequent to Acquisition
Improvements	25
Gross Balance at December 31, 2016
Land	49.4
Building & Improvements	93.6
Total	143
Accumulated Depreciation	$ (8.9)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 1980 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 76.9
Initial Cost
Land	20.4
Building & Improvements	73.8
Costs Capitalized Subsequent to Acquisition
Improvements	3.7
Gross Balance at December 31, 2016
Land	16.8
Building & Improvements	64.6
Total	81.4
Accumulated Depreciation	$ (10.2)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office Portfolio, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.8
Building & Improvements	5.9
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0.8
Building & Improvements	6.1
Total	6.9
Accumulated Depreciation	$ (0.6)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office Building, Constructed 2007 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	2
Building & Improvements	11.9
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Gross Balance at December 31, 2016
Land	2
Building & Improvements	12.2
Total	14.2
Accumulated Depreciation	$ (1.2)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 2009, Acquired 2016 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	4.2
Building & Improvements	64
Costs Capitalized Subsequent to Acquisition
Improvements	1.8
Gross Balance at December 31, 2016
Land	4.1
Building & Improvements	64.2
Total	68.3
Accumulated Depreciation	$ (5.7)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 1841 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	4.9
Building & Improvements	18.5
Costs Capitalized Subsequent to Acquisition
Improvements	11.3
Gross Balance at December 31, 2016
Land	4.6
Building & Improvements	28.9
Total	33.5
Accumulated Depreciation	$ (0.6)
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office, Constructed 1840 and 2000 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11.6
Initial Cost
Land	11
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	19
Gross Balance at December 31, 2016
Land	10.5
Building & Improvements	19
Total	29.5
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Ireland [Member] | Commercial [Member] | Office Constructed 2009 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 50.6
Initial Cost
Land	7.2
Building & Improvements	31.7
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	7.3
Building & Improvements	32.5
Total	39.8
Accumulated Depreciation	$ (0.2)
Depreciable Life in Years	39 years
Ireland [Member] | Hotel [Member] | Hotel, Constructed 1824, 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 80.8
Initial Cost
Land	54
Building & Improvements	114.3
Costs Capitalized Subsequent to Acquisition
Improvements	35
Gross Balance at December 31, 2016
Land	46.7
Building & Improvements	136.2
Total	182.9
Accumulated Depreciation	$ (21.7)
Depreciable Life in Years	39 years
Ireland [Member] | Development [Member] | Office, 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	6.7
Gross Balance at December 31, 2016
Land	0.5
Building & Improvements	16.4
Total	16.9
Accumulated Depreciation	0
Ireland [Member] | Development [Member] | Retail Acquired 2017 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	17.2
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	2.8
Gross Balance at December 31, 2016
Land	17.1
Building & Improvements	2.8
Total	19.9
Accumulated Depreciation	0
Spain [Member] | Commercial [Member] | Retail Portfolio, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	2.4
Building & Improvements	6.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	2.4
Building & Improvements	6.8
Total	9.2
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
Spain [Member] | Commercial [Member] | Retail, Constructed 1995 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 40.3
Initial Cost
Land	27.1
Building & Improvements	46.2
Costs Capitalized Subsequent to Acquisition
Improvements	12.7
Gross Balance at December 31, 2016
Land	29.8
Building & Improvements	63.4
Total	93.2
Accumulated Depreciation	$ (5.5)
Depreciable Life in Years	39 years
Spain [Member] | Development [Member] | Retail, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	34.7
Costs Capitalized Subsequent to Acquisition
Improvements	10.5
Gross Balance at December 31, 2016
Land	0
Building & Improvements	44.2
Total	44.2
Accumulated Depreciation	0
Spain [Member] | Development [Member] | Retail Acquired 2017 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Building & Improvements	13.8
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0
Building & Improvements	13.9
Total	13.9
Accumulated Depreciation	0
Italy [Member] | Commercial [Member] | Office Portfolio, Acquired 2015 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	26.3
Building & Improvements	74.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2016
Land	32.5
Building & Improvements	92.9
Total	125.4
Accumulated Depreciation	$ (9.3)
Depreciable Life in Years	39 years
Pacific Northwest [Member] | Commercial [Member] | Retail Constructed 1956 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7.2
Initial Cost
Land	2.3
Building & Improvements	8.1
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	2.3
Building & Improvements	8.1
Total	10.4
Accumulated Depreciation	$ (0.6)
Depreciable Life in Years	39 years
Pacific Northwest [Member] | Commercial [Member] | Office, Constructed 1999 and 2001 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 77
Initial Cost
Land	30.6
Building & Improvements	106
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2016
Land	30.6
Building & Improvements	106.7
Total	137.3
Accumulated Depreciation	$ (7)
Depreciable Life in Years	39 years
Pacific Northwest [Member] | Multifamily [Member] | 217-unit Multifamily property, Constructed 2011 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22.8
Initial Cost
Land	2.6
Building & Improvements	41.4
Costs Capitalized Subsequent to Acquisition
Improvements	3.3
Gross Balance at December 31, 2016
Land	2.5
Building & Improvements	42.5
Total	45
Accumulated Depreciation	$ (9)
Depreciable Life in Years	39 years
Number of units | Unit	217
Pacific Northwest [Member] | Multifamily [Member] | 203-Unit Multifamily Building, Constructed 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 19.5
Initial Cost
Land	2.6
Building & Improvements	23.8
Costs Capitalized Subsequent to Acquisition
Improvements	2.6
Gross Balance at December 31, 2016
Land	2.6
Building & Improvements	26.4
Total	29
Accumulated Depreciation	$ (4.9)
Depreciable Life in Years	39 years
Number of units | Unit	203
Pacific Northwest [Member] | Multifamily [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	40.2
Costs Capitalized Subsequent to Acquisition
Improvements	2.3
Gross Balance at December 31, 2016
Land	6
Building & Improvements	42.6
Total	48.6
Accumulated Depreciation	$ (6.3)
Depreciable Life in Years	39 years
Number of units | Unit	280
Pacific Northwest [Member] | Multifamily [Member] | 750-Unit Multifamily Building, Constructed 1987 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 82
Initial Cost
Land	22.1
Building & Improvements	78.2
Costs Capitalized Subsequent to Acquisition
Improvements	9.2
Gross Balance at December 31, 2016
Land	22.1
Building & Improvements	87.4
Total	109.5
Accumulated Depreciation	$ (15)
Depreciable Life in Years	39 years
Number of units | Unit	750
Pacific Northwest [Member] | Multifamily [Member] | Condo, Constructed 2005 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	0.2
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	0
Building & Improvements	1
Total	1
Accumulated Depreciation	$ (0.1)
Depreciable Life in Years	39 years
Pacific Northwest [Member] | Multifamily [Member] | 430-Unit Multifamily Building, Constructed 2006 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 62.5
Initial Cost
Land	12.8
Building & Improvements	67.4
Costs Capitalized Subsequent to Acquisition
Improvements	3.2
Gross Balance at December 31, 2016
Land	12.8
Building & Improvements	70.6
Total	83.4
Accumulated Depreciation	$ (6.8)
Depreciable Life in Years	39 years
Number of units | Unit	430
Pacific Northwest [Member] | Multifamily [Member] | 408-Unit Multifamily Building, Constructed 1998 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 60.4
Initial Cost
Land	9.2
Building & Improvements	83.3
Costs Capitalized Subsequent to Acquisition
Improvements	3.6
Gross Balance at December 31, 2016
Land	9.3
Building & Improvements	86.9
Total	96.2
Accumulated Depreciation	$ (7.5)
Depreciable Life in Years	39 years
Number of units | Unit	408
Pacific Northwest [Member] | Multifamily [Member] | 210-Multifamily Building, Constructed 2007 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29
Initial Cost
Land	11
Building & Improvements	46.7
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2016
Land	11
Building & Improvements	47.5
Total	58.5
Accumulated Depreciation	$ (2.9)
Depreciable Life in Years	39 years
Number of units | Unit	210
Pacific Northwest [Member] | Multifamily [Member] | 264-Unit Multifamily Building, Constructed 1997 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 25.3
Initial Cost
Land	6.4
Building & Improvements	44.9
Costs Capitalized Subsequent to Acquisition
Improvements	3.8
Gross Balance at December 31, 2016
Land	6.4
Building & Improvements	48.7
Total	55.1
Accumulated Depreciation	$ (3.1)
Depreciable Life in Years	39 years
Number of units | Unit	264
Pacific Northwest [Member] | Multifamily [Member] | 343-Unit Multifamily Building, Constructed 2016 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 84
Initial Cost
Land	26.8
Building & Improvements	107.4
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2016
Land	26.8
Building & Improvements	107.6
Total	134.4
Accumulated Depreciation	$ (5.8)
Depreciable Life in Years	39 years
Number of units | Unit	343
Pacific Northwest [Member] | Multifamily [Member] | 179-Unit Multifamily Building, Constructed 2013 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 33
Initial Cost
Land	11.9
Building & Improvements	47.4
Costs Capitalized Subsequent to Acquisition
Improvements	0.2
Gross Balance at December 31, 2016
Land	11.9
Building & Improvements	48.6
Total	60.5
Accumulated Depreciation	$ (2.6)
Depreciable Life in Years	39 years
Number of units | Unit	179
Hawaii [Member] | Land [Member] | 2700 acres [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	31.7
Building & Improvements	3.7
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2016
Land	41.3
Building & Improvements	4.3
Total	45.6
Accumulated Depreciation	$ (1.8)
Area of real estate property (in sq ft) | a	2,700

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at the beginning of period	$ 5,981.7	$ 6,578.6	$ 5,805.4
Additions during the period:
Other acquisitions	176.2	210.3	179.5
Improvements	270	355.1	615.7
Foreign currency	26.7	(191.7)	426.9
Deductions during the period:
Cost of real estate sold	(1,024.1)	(970.6)	(448.9)
Balance at close of period	$ 5,430.5	$ 5,981.7	$ 6,578.6

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at the beginning of period	$ 406.5	$ 344	$ 230.3
Additions during the period:
Depreciation expense	110.2	110.8	128.2
Deductions during the period:
Dispositions	(49)	(36)	(34.8)
Foreign currency	(0.9)	(12.3)	20.3
Balance at close of period	$ 466.8	$ 406.5	$ 344