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Other Expenses (Tables)
 3 Months Ended
Mar. 31, 2015
Other Income and Expenses [Abstract]  
Schedule of General and Administrative Expenses

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

 

     Three Months Ended  
     March 31,  
     2015      2014  

Professional services

    $ 795       $ 525   

Operating and other costs

      764         570   
  

 

 

     

 

 

  
  1,559      1,095   
  

 

 

     

 

 

  

Non-cash and CT Legacy Portfolio compensation expenses

Management incentive awards plan - CTOPI(1)

   1,777      —     

Management incentive awards plan - CT Legacy Partners(2)

   1,030      136   

Restricted class A common stock earned

   3,203      1,740   

Director stock-based compensation

   94      94   
  

 

 

     

 

 

  
  6,104      1,970   
  

 

 

     

 

 

  

Expenses of consolidated securitization vehicles

   —        134   
  

 

 

     

 

 

  
$ 7,663    $ 3,199   
  

 

 

     

 

 

  

 

(1)

Represents the portion of CTOPI promote revenue accrued under compensation awards. See Note 4 for further discussion.
(2)

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.