Other Expenses (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Professional services(1)	$	933	$	828	$	2,811	$	2,474
Operating and other costs(1)		489		305		1,424		1,695
Subtotal		1,422		1,133		4,235		4,169
Non-cash and CT Legacy Portfolio compensation expenses
Management incentive awards plan - CTOPI(2)		—		938		—		1,106
Management incentive awards plan - CT Legacy Partners(3)		—		354		—		1,112
Restricted class A common stock earned		5,819		4,855		17,496		14,190
Director stock-based compensation		125		94		313		282
Subtotal		5,944		6,241		17,809		16,690
Total BXMT expenses		7,366		7,374		22,044		20,859
Other expenses		53		40		175		131
Total general and administrative expenses	$	7,419	$	7,414	$	22,219	$	20,990
(1)    During the three and nine months ended September 30, 2017 we recognized an aggregate $112,000 of expenses related to our Multifamily Joint Venture. (2)    Represents the portion of CTOPI promote revenue recorded under compensation awards. See Note 4 for further discussion. (3)    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.