General and Administrative Expenses (Tables)

12 Months Ended

Dec. 31, 2012

General And Administrative Expenses Tables

Schedule of general and administrative expenses included in net income from continuing operations

General and administrative expenses included in net income from continuing operations for the years ended December 31, 2012, 2011, and 2010 consisted of the following (in thousands):

	Year Ended December 31,
General and Administrative Expenses	2012		2011		2010
Professional services		$895		$2,210		$906
Operating and other costs		1,955		2,489		1,955
Transaction costs - Investment Management Business Sale (1)		3,870		—		—
Transaction costs - March 2011 Restructuring (1)		—		—		1,700
Subtotal		6,720		4,699		4,561
Non-cash personnel costs
Management incentive awards plan - CT Legacy REIT (2)		2,232		3,054		—
Employee stock-based compensation		1,353		505		138
Subtotal		3,585		3,559		138
Expenses of consolidated securitization vehicles		64		724		1,336
Total		$10,369		$8,982		$6,035

(1)	See Note 1 for discussion of the Investment Management Business Sale and the March 2011 Restructuring.
(2)	Represents the accrual of amounts payable under the CT Legacy REIT management incentive awards during the period. See Note 3 for discussion of the CT Legacy REIT management incentive awards plan.