Tanger Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Disposition of Property (Tables)

Disposition of Property (Tables)

12 Months Ended

Dec. 31, 2019

Disposition of Properties [Abstract]

The following table sets forth the properties sold for the years ended 2019 and 2017 (in thousands). No properties were sold during 2018.



Properties	Locations	Date Sold	Square Feet	Net Sales Proceeds		Gain on Sale
2019 Dispositions:⁽¹⁾
Nags Head, Ocean City, Park City, and Williamsburg	Nags Head, NC, Ocean City, MD, Park City, UT, and Williamsburg, IA	March 2019	878	$	128,248	$	43,422
Land outparcels	Savannah, GA and Seymour, IN	July 2019	—	$	257	$	—
			878	$	128,505	$	43,422

2017 Dispositions:⁽¹⁾
Westbrook	Westbrook, CT	May 2017	290	$	39,213	$	6,943

(1)

The rental properties sold did not meet the criteria to be reported as discontinued operations.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details