Blackstone Mortgage Trust(BXMT) - 2023 Q3 - Quarterly Report
Blackstone Mortgage Trust(BXMT)2023-10-25 00:00- OTHER EXPENSES Our other expenses consist of the management and incentive fees we pay to our Manager and our general and administrative expenses. Management and Incentive Fees Pursuant to a management agreement between our Manager and us, or our Management Agreement, our Manager earns a base management fee in an amount equal to 1.50% per annum multiplied by our outstanding equity balance, as defined in the Management Agreement. In addition, our Manager is entitled to an incentive fee in an amount equal ...