Annual report pursuant to Section 13 and 15(d)

Schedule III

v3.20.4
Schedule III
 12 Months Ended
Dec. 31, 2020
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, 2020 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2020(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 $ 28,569  $ —  $ 125,988  $ —  $ 13,217  $ —  $ 139,205  $ 139,205  $ 41,233 
2011 (5)
(4)
Blowing Rock Blowing Rock, NC —  1,963  9,424  —  10,744  1,963  20,168  22,131  11,966 
1997 (5)
(4)
Branson Branson, MO —  4,407  25,040  396  25,794  4,803  50,834  55,637  34,646  1994
(4)
Charleston Charleston, SC —  10,353  48,877  —  18,801  10,353  67,678  78,031  35,640  2006
(4)
Commerce Commerce, GA —  1,262  14,046  707  37,204  1,969  51,250  53,219  36,367  1995
(4)
Daytona Beach Daytona Beach, FL —  9,913  80,410  —  1,119  9,913  81,529  91,442  19,671  2016
(4)
Deer Park Deer Park, NY —  82,413  173,044  —  17,797  82,413  190,841  273,254  53,667 
2013 (5)
(4)
Foley Foley, AL —  4,400  82,410  693  36,782  5,093  119,192  124,285  63,527 
2003 (5)
(4)
Fort Worth Fort Worth, TX —  11,157  87,025  —  (470) 11,157  86,555  97,712  15,133  2017
(4)
Foxwoods(6)
Mashantucket, CT —  —  130,941  —  (88,449) —  42,492  42,492  223  2015
(4)
Gonzales Gonzales, LA —  679  15,895  —  35,008  679  50,903  51,582  36,714  1992
(4)
Grand Rapids Grand Rapids, MI —  8,180  75,420  —  3,250  8,180  78,670  86,850  22,466  2015
(4)
Hershey Hershey, PA —  3,673  48,186  —  7,258  3,673  55,444  59,117  18,873 
2011(5)
(4)
Hilton Head I Bluffton, SC —  4,753  —  —  33,740  4,753  33,740  38,493  17,208  2011
(4)
Hilton Head II Bluffton, SC —  5,128  20,668  —  16,773  5,128  37,441  42,569  19,414 
2003 (5)
(4)
Howell Howell, MI —  2,250  35,250  —  16,131  2,250  51,381  53,631  28,716 
2002 (5)
(4)
Jeffersonville(7)
Jeffersonville, OH —  2,752  111,276  (2,498) (103,079) 254  8,197  8,451  19 
2011 (5)
(4)
Lancaster Lancaster, PA —  3,691  19,907  6,656  65,339  10,347  85,246  95,593  34,120 
1994 (5)
(4)
Locust Grove Locust Grove, GA —  2,558  11,801  57  32,856  2,615  44,657  47,272  29,515  1994
(4)
Mebane Mebane, NC —  8,821  53,362  —  6,039  8,821  59,401  68,222  31,261  2010
(4)
Myrtle Beach Hwy 17 Myrtle Beach, SC —  —  80,733  —  29,030  —  109,763  109,763  41,650 
2009 (5)
(4)
Myrtle Beach Hwy 501 Myrtle Beach, SC —  8,781  56,798  —  42,505  8,781  99,303  108,084  51,238 
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, 2020 (in thousands)
Description Initial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2020(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  14,773  5,531  106,061  111,592  63,335  2008
(4)
Rehoboth Beach Rehoboth Beach, DE —  20,600  74,209  1,875  57,639  22,475  131,848  154,323  60,446 
2003 (5)
(4)
Riverhead Riverhead, NY —  —  36,374  6,152  134,695  6,152  171,069  177,221  106,460  1993
(4)
San Marcos San Marcos, TX —  1,801  9,440  2,301  59,480  4,102  68,920  73,022  47,227  1993
(4)
Savannah Pooler, GA —  8,432  167,780  —  4,313  8,432  172,093  180,525  28,077 
2016 (5)
(4)
Sevierville Sevierville, TN —  —  18,495  —  52,047  —  70,542  70,542  43,846 
1997 (5)
(4)
Southaven Southaven, MS 51,371  14,959  60,263  —  (3,500) 14,959  56,763  71,722  19,552  2015
(4)
Tilton Tilton, NH —  1,800  24,838  29  14,307  1,829  39,145  40,974  20,696 
2003 (5)
(4)
Westgate Glendale, AZ —  19,037  140,337  —  5,241  19,037  145,578  164,615  21,730 
2016 (5)
(4)
Other Various —  306  1,495  —  —  306  1,495  1,801  357  Various
(4)
$ 79,940  $ 249,597  $ 1,931,020  $ 16,371  $ 596,384  $ 265,968  $ 2,527,404  $ 2,793,372  $ 1,054,993 
(1)Includes impairment charges that reduce the asset value.
(2)Aggregate cost for federal income tax purposes is approximately $3.0 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 $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)Amounts net of $86.8 million impairment charges taken during 2020, 2019 and 2018 consisting of a write-off of approximately $2.5 million of land, $117.9 million of building and improvement cost and $33.6 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, 2020
(in thousands)

The changes in total real estate for the years ended December 31, 2020, 2019 and 2018 are as follows:
2020 2019 2018
Balance, beginning of year $ 2,896,894  $ 3,046,179  $ 3,088,470 
Improvements 29,516  50,117  48,357 
Impairment charges (91,603) (40,539) (77,958)
Dispositions and other (41,435) (158,863) (12,690)
Balance, end of year $ 2,793,372  $ 2,896,894  $ 3,046,179 

The changes in accumulated depreciation for the years ended December 31, 2020, 2019 and 2018 are as follows:
2020 2019 2018
Balance, beginning of year $ 1,009,951  $ 981,305  $ 901,967 
Depreciation for the period 101,665  107,129  114,198 
Impairment charges (30,208) (3,028) (30,050)
Dispositions and other (26,415) (75,455) (4,810)
Balance, end of year $ 1,054,993  $ 1,009,951  $ 981,305