Debt of the Operating Partnership (Tables) - Tanger Properties Limited Partnership [Member]

3 Months Ended

Mar. 31, 2020

Schedule of Debt

The debt of the Operating Partnership consisted of the following (in thousands):

						As of				As of
						March 31, 2020				December 31, 2019
	Stated Interest Rate(s)				Maturity Date	Principal		Book Value(1)		Principal		Book Value(1)
Senior, unsecured notes:
Senior notes	3.875	%			December 2023	$	250,000	$	247,471	$	250,000	$	247,308
Senior notes	3.750	%			December 2024	250,000		248,218		250,000		248,127
Senior notes	3.125	%			September 2026	350,000		346,354		350,000		346,215
Senior notes	3.875	%			July 2027	300,000		297,050		300,000		296,953
Mortgages payable:
Atlantic City (2)(3)	5.14	%	-	7.65%	November 2021- December 2026	30,037		31,559		30,909		32,531
Southaven	LIBOR		+	1.80%	April 2021	51,400		51,297		51,400		51,272
Unsecured term loan	LIBOR		+	1.00%	April 2024	350,000		347,531		350,000		347,367
Unsecured lines of credit	LIBOR		+	1.00%	October 2021	599,830		598,074		—		—
						$	2,181,267	$	2,167,554	$	1,582,309	$	1,569,773

(1) Including premiums and net of debt discount and debt origination costs.

(2) The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%.

(3) Principal and interest due monthly with remaining principal due at maturity.

Schedule of Maturities of Long-term Debt

Maturities of the existing long-term debt as of March 31, 2020 for the next five years and thereafter are as follows (in thousands):

Calendar Year	Amount
For the remainder of 2020	$	2,694
2021	657,023
2022	4,436
2023	254,768
2024	605,140
Thereafter	657,206
Subtotal	2,181,267
Net discount and debt origination costs	(13,713		)
Total	$	2,167,554