Annual report pursuant to Section 13 and 15(d)

Schedule III

v3.24.0.1
Schedule III
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation
TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2023 (2)
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
Asheville Asheville, NC $ —  $ 6,092  $ 56,326  $ —  $ —  $ 6,092  $ 56,326  $ 62,418  $ 523 
2023 (5)
Atlantic City Atlantic City, NJ 12,613  —  125,988  —  18,435  —  144,423  144,423  56,067 
2011 (5)
Branson Branson, MO —  4,407  25,040  396  27,932  4,803  52,972  57,775  39,241  1994
Charleston Charleston, SC —  10,353  48,877  —  23,141  10,353  72,018  82,371  41,578  2006
Commerce Commerce, GA —  1,262  14,046  707  39,569  1,969  53,615  55,584  41,022  1995
Daytona Beach Daytona Beach, FL —  9,913  80,410  —  9,989  9,913  90,399  100,312  32,478  2016
Deer Park Deer Park, NY —  82,413  173,044  —  32,765  82,413  205,809  288,222  76,385 
2013 (5)
Foley Foley, AL —  4,400  82,410  693  41,094  5,093  123,504  128,597  73,460 
2003 (5)
Fort Worth Fort Worth, TX —  11,157  87,025  —  2,214  11,157  89,239  100,396  28,188  2017
Foxwoods (6)
Mashantucket, CT —  —  130,941  —  (96,392) —  34,549  34,549  3,829  2015
Gonzales Gonzales, LA —  679  15,895  —  34,897  679  50,792  51,471  40,361  1992
Grand Rapids Grand Rapids, MI —  8,180  75,420  —  4,740  8,180  80,160  88,340  33,016  2015
Hershey Hershey, PA —  3,673  48,186  —  16,898  3,673  65,084  68,757  24,985 
2011(5)
Hilton Head I Bluffton, SC —  4,753  —  —  34,183  4,753  34,183  38,936  20,620  2011
Hilton Head II Bluffton, SC —  5,128  20,668  —  18,608  5,128  39,276  44,404  24,350 
2003 (5)
Howell Howell, MI —  2,250  35,250  —  18,383  2,250  53,633  55,883  33,890 
2002 (5)
Huntsville Huntsville, AL —  22,432  145,990  —  —  22,432  145,990  168,422  1,427 
2023 (5)
Lancaster Lancaster, PA —  3,691  19,907  6,656  66,253  10,347  86,160  96,507  44,323 
1994 (5)
Locust Grove Locust Grove, GA —  2,558  11,801  57  35,739  2,615  47,540  50,155  33,423  1994
Mebane Mebane, NC —  8,821  53,362  —  9,590  8,821  62,952  71,773  37,819  2010
Myrtle Beach Hwy 17 Myrtle Beach, SC —  —  80,733  —  33,414  —  114,147  114,147  53,115 
2009 (5)
Myrtle Beach Hwy 501 Myrtle Beach, SC —  8,781  56,798  —  44,565  8,781  101,363  110,144  60,868 
2003 (5)
Nashville Nashville, TN —  8,772  133,641  —  —  8,772  133,641  142,413  1,390  2023
TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2023(2)
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  18,086  5,531  109,374  114,905  76,811  2008
Rehoboth Beach Rehoboth Beach, DE —  20,600  74,209  1,876  67,860  22,476  142,069  164,545  74,123 
2003 (5)
Riverhead Riverhead, NY —  —  36,374  6,152  144,602  6,152  180,976  187,128  125,084  1993
San Marcos San Marcos, TX —  1,801  9,440  2,301  66,925  4,102  76,365  80,467  52,230  1993
Savannah Pooler, GA —  8,432  167,780  —  19,313  8,432  187,093  195,525  47,734 
2016 (5)
Sevierville Sevierville, TN —  —  18,495  —  57,470  —  75,965  75,965  50,809 
1997 (5)
Southaven Southaven, MS 51,428  14,959  50,511  —  (1,669) 14,959  48,842  63,801  26,034  2015
Tilton Tilton, NH —  1,800  24,838  28  17,732  1,828  42,570  44,398  24,692 
2003 (5)
Westgate Glendale, AZ —  19,037  140,337  2,558  24,746  21,595  165,083  186,678  37,214 
2016 (5)
Other Various —  306  1,495  —  28  306  1,523  1,829  1,175  Various
$ 64,041  $ 282,178  $ 2,136,525  $ 21,427  $ 831,110  $ 303,605  $ 2,967,635  $ 3,271,240  $ 1,318,264 
(1)Includes impairment charges that reduce the asset value.
(2)Aggregate cost for federal income tax purposes is approximately $3.4 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 INC. and SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP and SUBSIDIARIES
SCHEDULE III - (Continued)
REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023
(in thousands)

The changes in total real estate for the years ended December 31, 2023, 2022 and 2021 are as follows:
2023 2022 2021
Balance, beginning of year $ 2,855,871  $ 2,800,758  $ 2,793,372 
Improvements 188,863  92,828  37,218 
Impairment charges —  —  (8,574)
Acquisitions 230,840  —  — 
Dispositions and other (4,334) (37,715) (21,258)
Balance, end of year $ 3,271,240  $ 2,855,871  $ 2,800,758 

The changes in accumulated depreciation for the years ended December 31, 2023, 2022 and 2021 are as follows:
2023 2022 2021
Balance, beginning of year $ 1,224,962  $ 1,145,388  $ 1,054,993 
Depreciation for the period 97,636  97,916  96,990 
Impairment charges —  —  (2,160)
Dispositions and other (4,334) (18,342) (4,435)
Balance, end of year $ 1,318,264  $ 1,224,962  $ 1,145,388