General and Administrative Expenses (Tables)

6 Months Ended

Jun. 30, 2012

General And Administrative Expenses Tables

General and administrative expenses

General and administrative expenses for the six months ended June 30, 2012 and 2011 consisted of the following (in thousands):

	Six Months Ended June 30,
General and Administrative Expenses	2012		2011
Personnel costs		$5,165		$4,705
Restructuring awards		—		2,750
Professional services		1,765		2,878
Operating and other costs		1,670		997
Subtotal		8,600		11,330
Non-cash personnel costs
Management incentive awards plan - CT Legacy REIT		181		2,980
Employee stock-based compensation		210		317
Subtotal		391		3,297
Expenses of consolidated securitization vehicles		61		301
Total		$9,052		$14,928