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

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

 

     Year Ended December 31,  
     2015      2014      2013  

Professional services

    $ 3,156       $ 2,324       $ 1,889   

Operating and other costs

      2,709         1,980         1,762   

GE transaction costs

      9,623         —           —     
  

 

 

     

 

 

     

 

 

  

Subtotal

      15,488         4,304         3,651   

Non-cash and CT Legacy Portfolio compensation expenses

         

Management incentive awards plan—CTOPI(1)

      5,370         12,898         —     

Management incentive awards plan—CT Legacy Partners(2)

      2,177         1,374         5,089   

Restricted class A common stock earned

      12,966         7,988         1,064   

Director stock-based compensation

      375         375         263   
  

 

 

     

 

 

     

 

 

  

Subtotal

      20,888         22,635         6,416   
  

 

 

     

 

 

     

 

 

  

Total BXMT expenses

      36,376         26,939         10,067   

Expenses of consolidated subsidiaries

      333         860         1,438   
  

 

 

     

 

 

     

 

 

  

Total general and administrative expenses

    $   36,709       $   27,799       $   11,505   
  

 

 

     

 

 

     

 

 

  

 

  (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.