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Other Expenses (Tables)
 6 Months Ended
Jun. 30, 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 June 30,      Six Months Ended June 30,  
     2017      2016      2017      2016  

Professional services

    $ 862      $ 756      $ 1,878      $ 1,644  

Operating and other costs

      489        521        934        1,391  
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

      1,351        1,277        2,812        3,035  

Non-cash and CT Legacy Portfolio compensation expenses

            

Management incentive awards plan - CTOPI(1)

      —          (3 )       —          168  

Management incentive awards plan - CT Legacy Partners(2)

      —          630        —          758  

Restricted class A common stock earned

      5,865        4,742        11,678        9,335  

Director stock-based compensation

      94        94        188        188  
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

      5,959        5,463        11,866        10,449  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total BXMT expenses

      7,310        6,740        14,678        13,484  

Other expenses

      63        41        122        92  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total general and administrative expenses

    $ 7,373      $ 6,781      $ 14,800      $ 13,576  
  

 

 

     

 

 

     

 

 

     

 

 

  

 
  (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.