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

12 Months Ended

Dec. 31, 2011

Tanger Properties Limited Partnership

Schedule of Debt [Table Text Block]

Debt as of December 31, 2011 and 2010 consists of the following (in thousands):

				December 31, 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	(417		)	$	250,000	$	(510	)
Senior notes	6.125	%	June 2020	300,000		(1,820		)	300,000		(1,981		)
Senior exchangeable notes	3.75	%	August 2011	—		—			7,210		(103		)
Mortgages payable (1):
Atlantic City	5.14%-7.65%		November 2021-November 2026	53,826		4,894			—		—
Ocean City	5.24	%	December 2015	18,867		375			—		—
Hershey	5.17%-8.00%		July 2015	31,252		2,165			—		—
Note payable (1)	1.50	%	June 2016	10,000		(692		)	—		—
Unsecured lines of credit (2)	LIBOR + 1.25%		November 2015	357,092		—			160,000		—
				$	1,021,037	$	4,505		$	717,210	$	(2,594	)

(1) The effective interest rates assigned during the purchase price allocation to these assumed mortgages and note payable during acquisitions in 2011 were as follows: Atlantic City 5.05%, Ocean City 4.68%, Hershey 3.40% and note payable 3.15%.

(2) Our unsecured lines of credit as of December 31, 2011 bear interest at a rate of LIBOR + 1.25% and expire on November 10, 2015. We have the option to extend the lines for an additional one year to November 10, 2016. These lines require a facility fee payment of 0.25% 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 December 31, 2011 are as follows (in thousands):

Year	Amount
2012	$	2,563
2013	4,633
2014	3,599
2015	639,431
2016	30,279
Thereafter	340,532
Subtotal	1,021,037
Net premiums	4,505
Total	$	1,025,542