Other Expenses (Tables)

6 Months Ended

Jun. 30, 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 June 30,					Six Months Ended June 30,
	2016			2015		2016		2015
Professional services	$	756		$	777	$	1,644	$	1,476
Operating and other costs		521			554		1,391		1,112
GE transaction costs		—			9,013		—		9,213
Subtotal		1,277			10,344		3,035		11,801
Non-cash and CT Legacy Portfolio compensation expenses
Management incentive awards plan - CTOPI(1)		(3	)		828		168		2,605
Management incentive awards plan - CT Legacy Partners(2)		630			1,024		758		2,054
Restricted class A common stock earned		4,742			3,303		9,335		6,506
Director stock-based compensation		94			94		188		188
Subtotal		5,463			5,249		10,449		11,353
Total BXMT expenses		6,740			15,593		13,484		23,154
Expenses of consolidated subsidiaries		41			105		92		205
Total general and administrative expenses	$	6,781		$	15,698	$	13,576	$	23,359

(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.