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Other Expenses (Tables)
 6 Months Ended
Jun. 30, 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
June 30,		      Six Months Ended
June 30,		  
     2015      2014      2015      2014  

Professional services

    $ 777       $ 648       $ 1,476       $ 1,098   

Operating and other costs

      554         469         1,112         1,031   

GE transaction costs

      9,013         —           9,213         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

   10,344      1,117      11,801      2,129   

Non-cash and CT Legacy Portfolio compensation expenses

Management incentive awards plan - CTOPI(1)

   828      11,190      2,605      11,190   

Management incentive awards plan - CT Legacy Partners(2)

   1,024      416      2,054      552   

Restricted class A common stock earned

   3,303      2,289      6,506      4,029   

Director stock-based compensation

   94      94      188      188   
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

   5,249      13,989      11,353      15,959   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total BXMT expenses

   15,593      15,106      23,154      18,088   

Expenses of consolidated subsidiaries

   105      250      205      466   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total general and administrative expenses

 $ 15,698    $ 15,356    $ 23,359    $ 18,554   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(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.