Annual report pursuant to Section 13 and 15(d)

Schedule III

v3.25.0.1
Schedule III
 12 Months Ended
Dec. 31, 2024
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, 2024 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2024 (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  $ —  $ 1,134  $ 6,092  $ 57,460  $ 63,552  $ 4,515 
2023 (5)
Atlantic City Atlantic City, NJ 7,342  —  125,988  —  19,349  —  145,337  145,337  61,167 
2011 (5)
Branson Branson, MO —  4,407  25,040  396  28,970  4,803  54,010  58,813  40,541  1994
Charleston Charleston, SC —  10,353  48,877  —  31,736  10,353  80,613  90,966  43,310  2006
Commerce Commerce, GA —  1,262  14,046  707  40,720  1,969  54,766  56,735  42,651  1995
Daytona Beach Daytona Beach, FL —  9,913  80,410  —  9,212  9,913  89,622  99,535  36,680  2016
Deer Park Deer Park, NY —  82,413  173,044  —  40,677  82,413  213,721  296,134  84,118 
2013 (5)
Foley Foley, AL —  4,400  82,410  693  39,999  5,093  122,409  127,502  76,527 
2003 (5)
Fort Worth Fort Worth, TX —  11,157  87,025  —  2,274  11,157  89,299  100,456  31,343  2017
Foxwoods (6)
Mashantucket, CT —  —  130,941  —  (95,915) —  35,026  35,026  5,738  2015
Gonzales Gonzales, LA —  679  15,895  —  35,706  679  51,601  52,280  40,697  1992
Grand Rapids Grand Rapids, MI —  8,180  75,420  —  8,248  8,180  83,668  91,848  36,344  2015
Hershey Hershey, PA —  3,673  48,186  —  19,991  3,673  68,177  71,850  27,625 
2011(5)
Hilton Head I Bluffton, SC —  4,753  —  —  34,378  4,753  34,378  39,131  21,775  2011
Hilton Head II Bluffton, SC —  5,128  20,668  —  19,033  5,128  39,701  44,829  25,880 
2003 (5)
Howell Howell, MI —  2,250  35,250  —  18,692  2,250  53,942  56,192  35,652 
2002 (5)
Huntsville Huntsville, AL —  22,432  145,990  —  1,887  22,432  147,877  170,309  12,235 
2023 (5)
Lancaster Lancaster, PA —  3,691  19,907  6,656  67,790  10,347  87,697  98,044  47,619 
1994 (5)
Little Rock Little Rock, AR —  6,244  59,358  —  —  6,244  59,358  65,602  — 
2024 (5)
Locust Grove Locust Grove, GA —  2,558  11,801  57  36,688  2,615  48,489  51,104  34,616  1994
Mebane Mebane, NC —  8,821  53,362  —  10,083  8,821  63,445  72,266  39,944  2010
Myrtle Beach Hwy 17 Myrtle Beach, SC —  —  80,733  1,506  37,814  1,506  118,547  120,053  57,078 
2009 (5)
Myrtle Beach Hwy 501 Myrtle Beach, SC —  8,781  56,798  —  45,411  8,781  102,209  110,990  63,768 
2003 (5)
Nashville Nashville, TN —  8,772  133,641  —  3,129  8,772  136,770  145,542  8,895  2023
TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2024 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2024(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  19,923  5,531  111,211  116,742  79,075  2008
Rehoboth Beach Rehoboth Beach, DE —  20,600  74,209  1,875  70,056  22,475  144,265  166,740  78,678 
2003 (5)
Riverhead Riverhead, NY —  —  36,374  6,152  149,763  6,152  186,137  192,289  130,631  1993
San Marcos San Marcos, TX —  1,801  9,440  2,301  69,646  4,102  79,086  83,188  54,390  1993
Savannah Pooler, GA —  8,432  167,780  —  21,960  8,432  189,740  198,172  55,037 
2016 (5)
Sevierville Sevierville, TN —  —  18,495  —  59,965  —  78,460  78,460  53,115 
1997 (5)
Southaven Southaven, MS 51,525  14,959  50,511  —  (1,124) 14,959  49,387  64,346  28,182  2015
Tilton Tilton, NH —  1,800  24,838  29  18,255  1,829  43,093  44,922  25,774 
2003 (5)
Westgate Glendale, AZ —  19,037  140,337  2,558  34,896  21,595  175,233  196,828  43,212 
2016 (5)
Other Various —  306  1,495  —  463  306  1,958  2,264  1,205  Various
$ 58,867  $ 288,422  $ 2,195,883  $ 22,933  $ 900,809  $ 311,355  $ 3,096,692  $ 3,408,047  $ 1,428,017 
(1)Includes impairment charges that reduce the asset value.
(2)Aggregate cost for federal income tax purposes is approximately $3.5 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, 2024
(in thousands)

The changes in total real estate for the years ended December 31, 2024, 2023 and 2022 are as follows:
2024 2023 2022
Balance, beginning of year $ 3,271,240  $ 2,855,871  $ 2,800,758 
Improvements 77,194  188,863  92,828 
Acquisitions 67,769  230,840  — 
Dispositions and other (8,156) (4,334) (37,715)
Balance, end of year $ 3,408,047  $ 3,271,240  $ 2,855,871 

The changes in accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 are as follows:
2024 2023 2022
Balance, beginning of year $ 1,318,264  $ 1,224,962  $ 1,145,388 
Depreciation for the period 117,851  97,636  97,916 
Dispositions and other (8,098) (4,334) (18,342)
Balance, end of year $ 1,428,017  $ 1,318,264  $ 1,224,962