General and Administrative Expenses

3 Months Ended

Jun. 30, 2011

General and Administrative Expenses

Note 13. General and Administrative Expenses

General and administrative expenses for the six months ended June 30, 2011 and 2010 consisted of the following (in thousands):

	Six Months Ended June 30,
General and Administrative Expenses	2011		2010
Personnel costs		$4,705		$4,732
Restructuring awards to employees		2,750		—
Management incentive awards plan - CT Legacy REIT		2,980		—
Employee stock-based compensation		317		76
Professional services		2,878		2,278
Operating and other costs		997		1,190
Subtotal		$14,627		$8,276
Expenses from consolidated securitization vehicles		301		975
Total		$14,928		$9,251