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Other Expenses (Tables)
 3 Months Ended
Mar. 31, 2016
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,  
     2016      2015  

Professional services

    $ 890       $ 700   

Operating and other costs

      869         759   
  

 

 

     

 

 

  

Subtotal

      1,759         1,459   

Non-cash and CT Legacy Portfolio compensation expenses

      

Management incentive awards plan - CTOPI(1)

      170         1,777   

Management incentive awards plan - CT Legacy Partners(2)

      129         1,030   

Restricted class A common stock earned

      4,593         3,203   

Director stock-based compensation

      94         94   
  

 

 

     

 

 

  

Subtotal

      4,986         6,104   
  

 

 

     

 

 

  

Total BXMT expenses

      6,745         7,563   

Expenses of consolidated subsidiaries

      50         100   
  

 

 

     

 

 

  

Total general and administrative expenses

    $ 6,795       $ 7,663   
  

 

 

     

 

 

  

 

(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.