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Other Expenses (Tables)
 6 Months Ended
Jun. 30, 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 June 30,      Six Months Ended June 30,  
     2018      2017      2018      2017  

Professional services(1)

    $ 1,139      $ 862      $ 2,361      $ 1,878  

Operating and other costs(1)

      830        489        1,339        934  
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

      1,969        1,351        3,700        2,812  

Non-cash compensation expenses

            

Restricted class A common stock earned

      6,653        5,865        13,504        11,678  

Director stock-based compensation

      125        94        250        188  
  

 

 

     

 

 

     

 

 

     

 

 

  

Subtotal

      6,778        5,959        13,754        11,866  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total BXMT expenses

      8,747        7,310        17,454        14,678  

Other expenses

      —          63        —          122  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total general and administrative expenses

    $ 8,747      $ 7,373      $ 17,454      $ 14,800  
  

 

 

     

 

 

     

 

 

     

 

 

  

 
  (1)

During the six months ended June 30, 2018, we recognized an aggregate $225,000 of expenses related to our Multifamily Joint Venture. We did not recognize any expenses related to our Multifamily Joint Venture during the six months ended June 30, 2017.