Annual report pursuant to Section 13 and 15(d)

Schedule III

v3.22.0.1
Schedule III
 12 Months Ended
Dec. 31, 2021
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, 2021 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2021 (2)
Outlet Center Name Location
Encum-brances (3)
Land Buildings,
Improve-ments & Fixtures		 Land Buildings,
Improve-ments & Fixtures		 Land Buildings,
Improve-ments & Fixtures 		Total
Accumulated
Depreciation (1)
Date of
Construction or Acquisition		 Life Used to
Compute
Depreciation
in Income
Statement
Atlantic City Atlantic City, NJ $ 22,387  $ —  $ 125,988  $ —  $ 14,157  $ —  $ 140,145  $ 140,145  $ 45,921 
2011 (5)
(4)
Blowing Rock Blowing Rock, NC —  1,963  9,424  —  10,808  1,963  20,232  22,195  12,780 
1997 (5)
(4)
Branson Branson, MO —  4,407  25,040  396  26,258  4,803  51,298  56,101  36,391  1994
(4)
Charleston Charleston, SC —  10,353  48,877  —  18,412  10,353  67,289  77,642  38,075  2006
(4)
Commerce Commerce, GA —  1,262  14,046  707  37,640  1,969  51,686  53,655  37,981  1995
(4)
Daytona Beach Daytona Beach, FL —  9,913  80,410  —  4,105  9,913  84,515  94,428  24,153  2016
(4)
Deer Park Deer Park, NY —  82,413  173,044  —  17,988  82,413  191,032  273,445  60,520 
2013 (5)
(4)
Foley Foley, AL —  4,400  82,410  693  39,040  5,093  121,450  126,543  66,896 
2003 (5)
(4)
Fort Worth Fort Worth, TX —  11,157  87,025  —  2,050  11,157  89,075  100,232  19,693  2017
(4)
Foxwoods (6)
Mashantucket, CT —  —  130,941  —  (96,901) —  34,040  34,040  77  2015
(4)
Gonzales Gonzales, LA —  679  15,895  —  34,548  679  50,443  51,122  37,931  1992
(4)
Grand Rapids Grand Rapids, MI —  8,180  75,420  —  4,008  8,180  79,428  87,608  26,269  2015
(4)
Hershey Hershey, PA —  3,673  48,186  —  7,828  3,673  56,014  59,687  20,967 
2011(5)
(4)
Hilton Head I Bluffton, SC —  4,753  —  —  33,962  4,753  33,962  38,715  18,442  2011
(4)
Hilton Head II Bluffton, SC —  5,128  20,668  —  17,418  5,128  38,086  43,214  21,183 
2003 (5)
(4)
Howell Howell, MI —  2,250  35,250  —  17,053  2,250  52,303  54,553  30,492 
2002 (5)
(4)
Lancaster Lancaster, PA —  3,691  19,907  6,656  65,756  10,347  85,663  96,010  37,661 
1994 (5)
(4)
Locust Grove Locust Grove, GA —  2,558  11,801  57  33,336  2,615  45,137  47,752  30,918  1994
(4)
Mebane Mebane, NC —  8,821  53,362  —  6,803  8,821  60,165  68,986  33,622  2010
(4)
Myrtle Beach Hwy 17 Myrtle Beach, SC —  —  80,733  —  30,250  —  110,983  110,983  45,632 
2009 (5)
(4)
Myrtle Beach Hwy 501 Myrtle Beach, SC —  8,781  56,798  —  42,365  8,781  99,163  107,944  54,563 
2003 (5)
(4)
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, 2021 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2021(2)
Outlet Center Name Location
Encum-brances (3)
Land Buildings,
Improve-ments & Fixtures		 Land Buildings,
Improve-ments & Fixtures		 Land Buildings,
Improve-ments & Fixtures 		Total
Accumulated
Depreciation (1)
Date of
Construction or Acquisition		 Life Used to
Compute
Depreciation
in Income
Statement
Pittsburgh Pittsburgh, PA —  5,528  91,288  3  15,887  5,531  107,175  112,706  68,045  2008
(4)
Rehoboth Beach Rehoboth Beach, DE —  20,600  74,209  1,875  58,885  22,475  133,094  155,569  63,954 
2003 (5)
(4)
Riverhead Riverhead, NY —  —  36,374  6,152  136,902  6,152  173,276  179,428  112,032  1993
(4)
San Marcos San Marcos, TX —  1,801  9,440  2,301  60,757  4,102  70,197  74,299  48,762  1993
(4)
Savannah Pooler, GA —  8,432  167,780  —  4,915  8,432  172,695  181,127  34,665 
2016 (5)
(4)
Sevierville Sevierville, TN —  —  18,495  —  52,928  —  71,423  71,423  46,076 
1997 (5)
(4)
Southaven Southaven, MS 40,087  14,959  50,511  —  1,314  14,959  51,825  66,784  22,533  2015
(4)
Tilton Tilton, NH —  1,800  24,838  29  14,905  1,829  39,743  41,572  21,920 
2003 (5)
(4)
Westgate Glendale, AZ —  19,037  140,337  2,555  9,080  21,592  149,417  171,009  26,796 
2016 (5)
(4)
Other Various —  306  1,495  —  40  306  1,535  1,841  438  Various
(4)
$ 62,474  $ 246,845  $ 1,809,992  $ 21,424  $ 722,497  $ 268,269  $ 2,532,489  $ 2,800,758  $ 1,145,388 
(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.
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, 2021
(in thousands)

The changes in total real estate for the years ended December 31, 2021, 2020 and 2019 are as follows:
2021 2020 2019
Balance, beginning of year $ 2,793,372  $ 2,896,894  $ 3,046,179 
Improvements 37,218  29,516  50,117 
Impairment charges (8,574) (91,603) (40,539)
Dispositions and other (21,258) (41,435) (158,863)
Balance, end of year $ 2,800,758  $ 2,793,372  $ 2,896,894 

The changes in accumulated depreciation for the years ended December 31, 2021, 2020 and 2019 are as follows:
2021 2020 2019
Balance, beginning of year $ 1,054,993  $ 1,009,951  $ 981,305 
Depreciation for the period 96,990  101,665  107,129 
Impairment charges (2,160) (30,208) (3,028)
Dispositions and other (4,435) (26,415) (75,455)
Balance, end of year $ 1,145,388  $ 1,054,993  $ 1,009,951