CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011		Dec. 31, 2010
Tanger Factory Outlet Centers, Inc
ASSETS:
Land	$ 148,002		$ 141,577
Buildings, improvements and fixtures	1,747,149		1,411,404
Construction in progress	1,800		23,233
Real Estate Investment Property, at Cost, Total	1,896,951		1,576,214
Accumulated depreciation	(494,518)		(453,145)
Rental property, net	1,402,433		1,123,069
Cash and cash equivalents	3,694		5,758
Rental property held for sale	0		723
Investments in unconsolidated joint ventures.	9,447		6,386
Deferred lease costs and other intangibles, net	120,933		33,953
Deferred debt origination costs, net	6,327		7,593
Prepaids and other assets	50,856		39,452
Total assets	1,593,690		1,216,934
Liabilities
Senior, unsecured notes (net of discount of $2,695 and $858 respectively)	547,698		554,616
Bridge Loan	150,000		0
Loans Payable	112,235		0
Unsecured lines of credit	172,300		160,000
Long-term Debt, Total	982,233		714,616
Construction trade payables	19,331		31,831
Accounts payable and accrued expenses	44,127		31,594
Other liabilities	16,249		16,998
Total liabilities	1,061,940		795,039
Commitments and contingencies
Common shares, $.01 par value, 150,000,000 shares authorized, 40,486,834 and 40,277,124 shares issued and outstanding at September 30, 2010 and December 31, 2010, respectively	867		810
Paid in capital	718,318		604,359
Distributions in excess of net income	(257,930)		(240,024)
Accumulated other comprehensive income (loss)	1,516		1,784
Equity attributable to Tanger Factory Outlet Centers, Inc.	462,771		366,929
Noncontrolling Interest in Limited Partnerships	7,635		0
Equity attributable to noncontrolling interest in Operating Partnership	61,344		54,966
Total equity	531,750		421,895
Total liabilities and equity	1,593,690		1,216,934
Tanger Properties Limited Partnership
ASSETS:
Land	148,002		141,577
Buildings, improvements and fixtures	1,747,149		1,411,404
Construction in progress	1,800		23,233
Real Estate Investment Property, at Cost, Total	1,896,951		1,576,214
Accumulated depreciation	(494,518)		(453,145)
Rental property, net	1,402,433		1,123,069
Cash and cash equivalents	3,626		5,671
Rental property held for sale	0		723
Investments in unconsolidated joint ventures.	9,447		6,386
Deferred lease costs and other intangibles, net	120,933		33,953
Deferred debt origination costs, net	6,327		7,593
Prepaids and other assets	50,568		39,081
Total assets	1,593,334		1,216,476
Liabilities
Senior, unsecured notes (net of discount of $2,695 and $858 respectively)	547,698		554,616
Bridge Loan	150,000	[1]	0	[1]
Loans Payable	112,235		0
Unsecured lines of credit	172,300	[2]	160,000
Long-term Debt, Total	982,233		714,616
Construction trade payables	19,331		31,831
Accounts payable and accrued expenses	43,771		31,136
Other liabilities	16,249		16,998
Total liabilities	1,061,584		794,581
General partner	5,016		5,221
Limited partners	517,658		414,926
Accumulated other comprehensive income (loss)	1,441		1,748
Total partners' equity	524,115		421,895
Noncontrolling Interest in Limited Partnerships	7,635		0
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	531,750		421,895
Total liabilities and equity	$ 1,593,334		$ 1,216,476

[1] Our senior, unsecured bridge loan bears interest at a rate of LIBOR + 1.60% and has a maturity date of December 26, 2011. At our discretion we may extend the maturity to June 22, 2012 by exercising each of the two remaining ninety-day extension options.

[2] Our unsecured lines of credit as of September 30, 2011 bear interest at a rate of LIBOR + 1.90% and expire in November 2013. These lines require a facility fee payment of 0.40% annually based on the total amount of the commitment. The credit spread and facility fee can vary depending on our investment grade rating.