Annual report pursuant to Section 13 and 15(d)

Schedule III

v3.22.4
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)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2022 (2)
Outlet Center Name Location
Encumbrances (3)
Land Buildings,
Improvements & Fixtures		 Land Buildings,
Improvements & Fixtures		 Land Buildings,
Improvements & Fixtures 		Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
Atlantic City Atlantic City, NJ $ 17,625  $ —  $ 125,988  $ —  $ 14,990  $ —  $ 140,978  $ 140,978  $ 51,140 
2011 (5)
Branson Branson, MO —  4,407  25,040  396  27,608  4,803  52,648  57,451  37,653  1994
Charleston Charleston, SC —  10,353  48,877  —  19,826  10,353  68,703  79,056  39,592  2006
Commerce Commerce, GA —  1,262  14,046  707  38,974  1,969  53,020  54,989  39,383  1995
Daytona Beach Daytona Beach, FL —  9,913  80,410  —  7,772  9,913  88,182  98,095  28,215  2016
Deer Park Deer Park, NY —  82,413  173,044  —  20,239  82,413  193,283  275,696  68,962 
2013 (5)
Foley Foley, AL —  4,400  82,410  693  39,678  5,093  122,088  127,181  70,290 
2003 (5)
Fort Worth Fort 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
Gonzales Gonzales, LA —  679  15,895  —  34,880  679  50,775  51,454  39,141  1992
Grand Rapids Grand Rapids, MI —  8,180  75,420  —  4,112  8,180  79,532  87,712  29,588  2015
Hershey Hershey, PA —  3,673  48,186  —  10,510  3,673  58,696  62,369  23,051 
2011(5)
Hilton Head I Bluffton, SC —  4,753  —  —  34,039  4,753  34,039  38,792  19,479  2011
Hilton Head II Bluffton, SC —  5,128  20,668  —  18,046  5,128  38,714  43,842  22,733 
2003 (5)
Howell Howell, MI —  2,250  35,250  —  17,267  2,250  52,517  54,767  32,174 
2002 (5)
Lancaster Lancaster, PA —  3,691  19,907  6,656  65,692  10,347  85,599  95,946  40,907 
1994 (5)
Locust Grove Locust Grove, GA —  2,558  11,801  57  34,514  2,615  46,315  48,930  32,218  1994
Mebane Mebane, NC —  8,821  53,362  —  8,321  8,821  61,683  70,504  35,404  2010
Myrtle Beach Hwy 17 Myrtle Beach, SC —  —  80,733  —  31,630  —  112,363  112,363  49,475 
2009 (5)
Myrtle Beach Hwy 501 Myrtle Beach, SC —  8,781  56,798  —  43,749  8,781  100,547  109,328  57,736 
2003 (5)
Nashville Nashville, 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)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2022(2)
Outlet Center Name Location
Encumbrances (3)
Land Buildings,
Improvements & Fixtures		 Land Buildings,
Improvements & Fixtures		 Land Buildings,
Improvements & Fixtures 		Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
Pittsburgh Pittsburgh, PA —  5,528  91,288  3  17,308  5,531  108,596  114,127  72,789  2008
Rehoboth Beach Rehoboth Beach, DE —  20,600  74,209  1,876  64,200  22,476  138,409  160,885  69,300 
2003 (5)
Riverhead Riverhead, NY —  —  36,374  6,152  140,377  6,152  176,751  182,903  119,406  1993
San Marcos San Marcos, TX —  1,801  9,440  2,301  62,783  4,102  72,223  76,325  50,313  1993
Savannah Pooler, GA —  8,432  167,780  —  7,019  8,432  174,799  183,231  40,923 
2016 (5)
Sevierville Sevierville, TN —  —  18,495  —  55,042  —  73,537  73,537  48,323 
1997 (5)
Southaven Southaven, MS 51,347  14,959  50,511  —  (2,792) 14,959  47,719  62,678  24,389  2015
Tilton Tilton, NH —  1,800  24,838  29  16,739  1,829  41,577  43,406  23,197 
2003 (5)
Westgate Glendale, AZ —  19,037  140,337  2,555  13,113  21,592  153,450  175,042  31,969 
2016 (5)
Other Various —  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:
2022 2021 2020
Balance, beginning of year $ 2,800,758  $ 2,793,372  $ 2,896,894 
Improvements 92,828  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:
2022 2021 2020
Balance, beginning of year $ 1,145,388  $ 1,054,993  $ 1,009,951 
Depreciation for the period 97,916  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