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General and Administrative Expenses (Tables)
 9 Months Ended
Sep. 30, 2013
Other Income And Expenses [Abstract]  
Schedule of General and Administrative Expenses

General and administrative expenses consisted of the following ($ in thousands):

 

     Nine Months Ended September 30,  
     2013      2012  

Management fees to affiliates

    $ 3,416       $ —     

Professional services

      2,109         3,611   

Operating and other costs

      1,123         849   
  

 

 

     

 

 

  
     6,648         4,460   
  

 

 

     

 

 

  

Non-cash compensation expenses

      

Management incentive awards plan - CT Legacy Partners (1)

      1,969         944   

Director stock-based compensation

      169         169   

Employee stock-based compensation

      —           675   
  

 

 

     

 

 

  
     2,138         1,788   
  

 

 

     

 

 

  

Expenses of consolidated securitization vehicles

      726         66   
  

 

 

     

 

 

  
   $ 9,512       $ 6,314   
  

 

 

     

 

 

  

 

(1) Represents the accrual of amounts payable under the CT Legacy Partners management incentive awards during the period. See below for discussion of the CT Legacy Partners management incentive awards plan.