General and Administrative Expenses

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

General and Administrative Expenses

Note 13. General and Administrative Expenses

General and administrative expenses for the years ended December 31, 2011, 2010, and 2009 consisted of the following (in thousands):

	Year Ended December 31,
General and Administrative Expenses	2011		2010		2009
Personnel costs		$9,050		$8,848		$10,641
Restructuring awards		2,900		—		—
Professional services		5,388		5,944		8,498
Operating and other costs		2,246		2,367		2,741
Employee promote compensation		—		166		—
Subtotal		19,584		17,325		21,880
Non-cash personnel costs
Management incentive awards plan - CT Legacy REIT		3,054		—		—
Employee stock-based compensation		505		138		293
Subtotal		3,559		138		293
Expenses of consolidated securitization vehicles		724		1,336		—
Total		$23,867		$18,799		$22,173