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Other Expenses (Tables)
 12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
Schedule of General and Administrative Expenses

General and administrative expenses consisted of the following ($ in thousands):

 

     Year Ended December 31,  
     2016      2015      2014  

Professional services

    $ 3,311       $ 3,156       $ 2,324   

Operating and other costs

      2,147         2,709         1,980   

GE transaction costs

      —           9,623         —     
  

 

 

     

 

 

     

 

 

  

Subtotal

      5,458         15,488         4,304   

Non-cash and CT Legacy Portfolio compensation expenses

         

Management incentive awards plan – CTOPI(1)

      1,568         5,370       $ 12,898   

Management incentive awards plan – CT Legacy Partners(2)

      1,094         2,177         1,374   

Restricted class A common stock earned

      19,052         12,966         7,988   

Director stock-based compensation

      375         375         375   
  

 

 

     

 

 

     

 

 

  

Subtotal

      22,089         20,888         22,635   
  

 

 

     

 

 

     

 

 

  

Total BXMT expenses

      27,547         36,376         26,939   

Expenses of consolidated subsidiaries

      169         333         860   
  

 

 

     

 

 

     

 

 

  

Total general and administrative expenses

    $   27,716       $   36,709       $   27,799   
  

 

 

     

 

 

     

 

 

  

 

  (1)

Represents the portion of CTOPI promote revenue recorded under compensation awards. See Note 4 for further discussion.

  
  (2)

Represents the amounts recorded under the CT Legacy Partners management incentive awards during the period. See below for discussion of the CT Legacy Partners management incentive awards plan.