Other Expenses (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Professional services	$	1,017	$	890
Operating and other costs		445		869
Subtotal		1,462		1,759
Non-cash and CT Legacy Portfolio compensation expenses
Management incentive awards plan - CTOPI(1)		—		170
Management incentive awards plan - CT Legacy Partners(2)		—		129
Restricted class A common stock earned		5,813		4,593
Director stock-based compensation		94		94
Subtotal		5,907		4,986
Total BXMT expenses		7,369		6,745
Other expenses		59		50
Total general and administrative expenses	$	7,428	$	6,795

(1) Represents the portion of CTOPI promote revenue recorded under compensation awards. See Note 4 for further discussion.

(2) Represents the amounts recorded under the CT Legacy Partners management incentive awards during the period. See below for discussion of the CT Legacy Partners management incentive awards plan.