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Other Expenses (Tables)
 3 Months Ended
Mar. 31, 2018
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,  
     2018      2017  

Professional services(1)

    $ 1,223      $ 1,017  

Operating and other costs(1)

      509        445  
  

 

 

     

 

 

  

Subtotal

      1,732        1,462  

Non-cash compensation expenses

      

Restricted class A common stock earned

      6,851        5,813  

Director stock-based compensation

      125        94  
  

 

 

     

 

 

  

Subtotal

      6,976        5,907  
  

 

 

     

 

 

  

Total BXMT expenses

      8,708        7,369  

Other expenses

      —          59  
  

 

 

     

 

 

  

Total general and administrative expenses

    $ 8,708      $ 7,428  
  

 

 

     

 

 

  

 
  (1)

During the three months ended March 31, 2018, we recognized an aggregate $101,000 of expenses related to our Multifamily Joint Venture. We did not recognize any expenses related to our Multifamily Joint Venture during the three months ended March 31, 2017.