Debt of the Operating Partnership (Tables) (Tanger Properties Limited Partnership)

9 Months Ended

Sep. 30, 2011

Tanger Properties Limited Partnership

Schedule of Debt [Table Text Block]

As of September 30, 2011 and December 31, 2010, the debt of the Operating Partnership consisted of the following (in thousands):

				September 30, 2011					December 31, 2010
	Stated Interest Rate(s)		Maturity Date	Principal		Premium (Discount)			Principal		Premium (Discount)
Senior, unsecured notes:
Senior notes	6.15	%	November 2015	$	250,000	(441		)	$	250,000	$	(510	)
Senior notes	6.125	%	June 2020	300,000		(1,861		)	300,000		(1,981		)
Senior exchangeable notes	3.75	%	August 2011	—		—			7,210		(103		)
Mortgages payable:
Atlantic City	5.14%-7.65%		November 2021-November 2026	54,217		4,991			—		—
Ocean City	5.24	%	December 2015	18,947		393			—		—
Hershey	5.17%-8.00%		July 2015	31,405		2,282			—		—
Senior, unsecured bridge loan (1)	LIBOR + 1.60%		December 2011	150,000		—			—		—
Unsecured lines of credit (2)	LIBOR + 1.90%		November 2013	172,300		—			160,000		—
				$	976,869	$	5,364		$	717,210	$	(2,594	)

(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.

Schedule of Maturities of Long-term Debt [Table Text Block]

Maturities of the existing long-term debt as of September 30, 2011 are as follows (in thousands):

Year	Amount
2011	$	150,623
2012	2,563
2013	176,933
2014	3,599
2015	282,339
Thereafter	360,812
Subtotal	976,869
Net premiums	5,364
Total	$	982,233