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Debt of the Operating Partnership (Tables) - Tanger Properties Limited Partnership [Member]
 9 Months Ended
Sep. 30, 2020
Schedule of Debt
The debt of the Operating Partnership consisted of the following (in thousands):
As ofAs of
September 30, 2020December 31, 2019
Stated Interest Rate(s)Maturity DatePrincipal
Book Value(1)
Principal
Book Value(1)
Senior, unsecured notes: 
Senior notes3.875 %December 2023$250,000 $247,801 $250,000 $247,308 
Senior notes3.750 %December 2024250,000 248,401 250,000 248,127 
Senior notes3.125 %September 2026350,000 346,630 350,000 346,215 
Senior notes3.875 %July 2027300,000 297,248 300,000 296,953 
Mortgages payable:
Atlantic City (2)(3)
5.14 %-7.65%November 2021- December 202628,253 29,578 30,909 32,531 
     SouthavenLIBOR+1.80%April 202151,400 51,346 51,400 51,272 
Unsecured term loan
LIBOR(4)
+1.00%April 2024350,000 347,213 350,000 347,367 
Unsecured lines of credit
LIBOR(4)
+1.00%
October 2021 (5)
— — — — 
 $1,579,653 $1,568,217 $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.
(4)Beginning in June 2020, if LIBOR is less than 0.25% per annum, the rate will be deemed to be 0.25% for the portions of the lines of credit and bank term loan that are not fixed with an interest rate swap.
(5)Unsecured lines of credit have a one-year extension option to extend maturity to October 2022.
Schedule of Maturities of Long-term Debt
Maturities of the existing long-term debt as of September 30, 2020 for the next five years and thereafter are as follows (in thousands):
Calendar YearAmount
For the remainder of 2020$910 
202157,193 
20224,436 
2023254,768 
2024605,140 
Thereafter657,206 
Subtotal1,579,653 
Net discount and debt origination costs(11,436)
Total$1,568,217