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Schedule III
12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2022 (in thousands)
DescriptionInitial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2022 (2)
Outlet Center NameLocation
Encumbrances (3)
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
Atlantic CityAtlantic City, NJ$17,625 $— $125,988 $— $14,990 $— $140,978 $140,978 $51,140 
2011 (5)
BransonBranson, MO— 4,407 25,040 396 27,608 4,803 52,648 57,451 37,653 1994
CharlestonCharleston, SC— 10,353 48,877 — 19,826 10,353 68,703 79,056 39,592 2006
CommerceCommerce, GA— 1,262 14,046 707 38,974 1,969 53,020 54,989 39,383 1995
Daytona BeachDaytona Beach, FL— 9,913 80,410 — 7,772 9,913 88,182 98,095 28,215 2016
Deer ParkDeer Park, NY— 82,413 173,044 — 20,239 82,413 193,283 275,696 68,962 
2013 (5)
FoleyFoley, AL— 4,400 82,410 693 39,678 5,093 122,088 127,181 70,290 
2003 (5)
Fort WorthFort Worth, TX— 11,157 87,025 — 4,350 11,157 91,375 102,532 24,269 2017
Foxwoods (6)
Mashantucket, CT— — 130,941 — (96,628)— 34,313 34,313 1,930 2015
GonzalesGonzales, LA— 679 15,895 — 34,880 679 50,775 51,454 39,141 1992
Grand RapidsGrand Rapids, MI— 8,180 75,420 — 4,112 8,180 79,532 87,712 29,588 2015
HersheyHershey, PA— 3,673 48,186 — 10,510 3,673 58,696 62,369 23,051 
2011(5)
Hilton Head IBluffton, SC— 4,753 — — 34,039 4,753 34,039 38,792 19,479 2011
Hilton Head IIBluffton, SC— 5,128 20,668 — 18,046 5,128 38,714 43,842 22,733 
2003 (5)
HowellHowell, MI— 2,250 35,250 — 17,267 2,250 52,517 54,767 32,174 
2002 (5)
LancasterLancaster, PA— 3,691 19,907 6,656 65,692 10,347 85,599 95,946 40,907 
1994 (5)
Locust GroveLocust Grove, GA— 2,558 11,801 57 34,514 2,615 46,315 48,930 32,218 1994
MebaneMebane, NC— 8,821 53,362 — 8,321 8,821 61,683 70,504 35,404 2010
Myrtle Beach Hwy 17Myrtle Beach, SC— — 80,733 — 31,630 — 112,363 112,363 49,475 
2009 (5)
Myrtle Beach Hwy 501Myrtle Beach, SC— 8,781 56,798 — 43,749 8,781 100,547 109,328 57,736 
2003 (5)
NashvilleNashville, TN— 8,772 26,826 — — 8,772 26,826 35,598 — 
2023 (7)
TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2022 (in thousands)
DescriptionInitial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2022(2)
Outlet Center NameLocation
Encumbrances (3)
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
PittsburghPittsburgh, PA— 5,528 91,288 17,308 5,531 108,596 114,127 72,789 2008
Rehoboth BeachRehoboth Beach, DE— 20,600 74,209 1,876 64,200 22,476 138,409 160,885 69,300 
2003 (5)
RiverheadRiverhead, NY— — 36,374 6,152 140,377 6,152 176,751 182,903 119,406 1993
San MarcosSan Marcos, TX— 1,801 9,440 2,301 62,783 4,102 72,223 76,325 50,313 1993
SavannahPooler, GA— 8,432 167,780 — 7,019 8,432 174,799 183,231 40,923 
2016 (5)
SeviervilleSevierville, TN— — 18,495 — 55,042 — 73,537 73,537 48,323 
1997 (5)
SouthavenSouthaven, MS51,347 14,959 50,511 — (2,792)14,959 47,719 62,678 24,389 2015
TiltonTilton, NH— 1,800 24,838 29 16,739 1,829 41,577 43,406 23,197 
2003 (5)
WestgateGlendale, AZ— 19,037 140,337 2,555 13,113 21,592 153,450 175,042 31,969 
2016 (5)
OtherVarious— 306 1,495 — 40 306 1,535 1,841 1,013 Various
$68,972 $253,654 $1,827,394 $21,425 $753,398 $275,079 $2,580,792 $2,855,871 $1,224,962 
(1)Includes impairment charges that reduce the asset value.
(2)Aggregate cost for federal income tax purposes is approximately $2.9 billion.
(3)Including premiums and net of debt origination costs.
(4)We generally use estimated lives of 33 years for buildings and 15 years for land improvements. Tenant finishing allowances are depreciated over the initial lease term. Building, improvements & fixtures includes amounts included in construction in progress on the consolidated balance sheet.
(5)Represents year acquired.
(6)Amounts net of $6.4 million impairment charges taken during 2021 consisting of a write-off of approximately $8.6 million of building and improvement cost and $2.2 million of accumulated depreciation. Amounts net of $60.1 million impairment charges taken during 2020 consisting of a write-off of approximately $89.8 million of building and improvement cost and $29.7 million of accumulated depreciation.
(7)Construction at Nashville began in 2022, with an expected completion in 2023.
TANGER FACTORY OUTLET CENTERS, INC. and SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP and SUBSIDIARIES
SCHEDULE III - (Continued)
REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2022
(in thousands)

The changes in total real estate for the years ended December 31, 2022, 2021 and 2020 are as follows:
202220212020
Balance, beginning of year$2,800,758 $2,793,372 $2,896,894 
Improvements92,828 37,218 29,516 
Impairment charges— (8,574)(91,603)
Dispositions and other(37,715)(21,258)(41,435)
Balance, end of year$2,855,871 $2,800,758 $2,793,372 

The changes in accumulated depreciation for the years ended December 31, 2022, 2021 and 2020 are as follows:
202220212020
Balance, beginning of year$1,145,388 $1,054,993 $1,009,951 
Depreciation for the period97,916 96,990 101,665 
Impairment charges— (2,160)(30,208)
Dispositions and other(18,342)(4,435)(26,415)
Balance, end of year$1,224,962 $1,145,388 $1,054,993