Other Expenses (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Professional services	$	828	$	898	$	2,474	$	2,375
Operating and other costs		305		671		1,695		1,783
GE transaction costs		—		370		—		9,583
Subtotal		1,133		1,939		4,169		13,741
Non-cash and CT Legacy Portfolio compensation expenses
Management incentive awards plan - CTOPI(1)		938		8		1,106		2,605
Management incentive awards plan - CT Legacy Partners(2)		354		89		1,112		2,151
Restricted class A common stock earned		4,855		3,095		14,190		9,601
Director stock-based compensation		94		94		282		281
Subtotal		6,241		3,286		16,690		14,638
Total BXMT expenses		7,374		5,225		20,859		23,154
Expenses of consolidated subsidiaries		40		70		131		276
Total general and administrative expenses	$	7,414	$	5,295	$	20,990	$	28,655

(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.