Schedule III

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2020 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2020(2)
Outlet Center Name	Location	Encum-brances (3)		Land		Buildings, Improve-ments & Fixtures		Land		Buildings, Improve-ments & Fixtures		Land		Buildings, Improve-ments & Fixtures		Total		Accumulated Depreciation (1)		Date of Construction or Acquisition	Life Used to Compute Depreciation in Income Statement
Atlantic City	Atlantic City, NJ	$	28,569	$	—	$	125,988	$	—	$	13,217	$	—	$	139,205	$	139,205	$	41,233	2011 (5)	(4)
Blowing Rock	Blowing Rock, NC	—		1,963		9,424		—		10,744		1,963		20,168		22,131		11,966		1997 (5)	(4)
Branson	Branson, MO	—		4,407		25,040		396		25,794		4,803		50,834		55,637		34,646		1994	(4)
Charleston	Charleston, SC	—		10,353		48,877		—		18,801		10,353		67,678		78,031		35,640		2006	(4)
Commerce	Commerce, GA	—		1,262		14,046		707		37,204		1,969		51,250		53,219		36,367		1995	(4)
Daytona Beach	Daytona Beach, FL	—		9,913		80,410		—		1,119		9,913		81,529		91,442		19,671		2016	(4)
Deer Park	Deer Park, NY	—		82,413		173,044		—		17,797		82,413		190,841		273,254		53,667		2013 (5)	(4)
Foley	Foley, AL	—		4,400		82,410		693		36,782		5,093		119,192		124,285		63,527		2003 (5)	(4)
Fort Worth	Fort Worth, TX	—		11,157		87,025		—		(470)		11,157		86,555		97,712		15,133		2017	(4)
Foxwoods(6)	Mashantucket, CT	—		—		130,941		—		(88,449)		—		42,492		42,492		223		2015	(4)
Gonzales	Gonzales, LA	—		679		15,895		—		35,008		679		50,903		51,582		36,714		1992	(4)
Grand Rapids	Grand Rapids, MI	—		8,180		75,420		—		3,250		8,180		78,670		86,850		22,466		2015	(4)
Hershey	Hershey, PA	—		3,673		48,186		—		7,258		3,673		55,444		59,117		18,873		2011(5)	(4)
Hilton Head I	Bluffton, SC	—		4,753		—		—		33,740		4,753		33,740		38,493		17,208		2011	(4)
Hilton Head II	Bluffton, SC	—		5,128		20,668		—		16,773		5,128		37,441		42,569		19,414		2003 (5)	(4)
Howell	Howell, MI	—		2,250		35,250		—		16,131		2,250		51,381		53,631		28,716		2002 (5)	(4)
Jeffersonville(7)	Jeffersonville, OH	—		2,752		111,276		(2,498)		(103,079)		254		8,197		8,451		19		2011 (5)	(4)
Lancaster	Lancaster, PA	—		3,691		19,907		6,656		65,339		10,347		85,246		95,593		34,120		1994 (5)	(4)
Locust Grove	Locust Grove, GA	—		2,558		11,801		57		32,856		2,615		44,657		47,272		29,515		1994	(4)
Mebane	Mebane, NC	—		8,821		53,362		—		6,039		8,821		59,401		68,222		31,261		2010	(4)
Myrtle Beach Hwy 17	Myrtle Beach, SC	—		—		80,733		—		29,030		—		109,763		109,763		41,650		2009 (5)	(4)
Myrtle Beach Hwy 501	Myrtle Beach, SC	—		8,781		56,798		—		42,505		8,781		99,303		108,084		51,238		2003 (5)	(4)

TANGER FACTORY OUTLET CENTERS, INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2020 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2020(2)
Outlet Center Name	Location	Encum-brances (3)		Land		Buildings, Improve-ments & Fixtures		Land		Buildings, Improve-ments & Fixtures		Land		Buildings, Improve-ments & Fixtures		Total		Accumulated Depreciation (1)		Date of Construction or Acquisition	Life Used to Compute Depreciation in Income Statement
Pittsburgh	Pittsburgh, PA	—		5,528		91,288		3		14,773		5,531		106,061		111,592		63,335		2008	(4)
Rehoboth Beach	Rehoboth Beach, DE	—		20,600		74,209		1,875		57,639		22,475		131,848		154,323		60,446		2003 (5)	(4)
Riverhead	Riverhead, NY	—		—		36,374		6,152		134,695		6,152		171,069		177,221		106,460		1993	(4)
San Marcos	San Marcos, TX	—		1,801		9,440		2,301		59,480		4,102		68,920		73,022		47,227		1993	(4)
Savannah	Pooler, GA	—		8,432		167,780		—		4,313		8,432		172,093		180,525		28,077		2016 (5)	(4)
Sevierville	Sevierville, TN	—		—		18,495		—		52,047		—		70,542		70,542		43,846		1997 (5)	(4)
Southaven	Southaven, MS	51,371		14,959		60,263		—		(3,500)		14,959		56,763		71,722		19,552		2015	(4)
Tilton	Tilton, NH	—		1,800		24,838		29		14,307		1,829		39,145		40,974		20,696		2003 (5)	(4)
Westgate	Glendale, AZ	—		19,037		140,337		—		5,241		19,037		145,578		164,615		21,730		2016 (5)	(4)
Other	Various	—		306		1,495		—		—		306		1,495		1,801		357		Various	(4)
		$	79,940	$	249,597	$	1,931,020	$	16,371	$	596,384	$	265,968	$	2,527,404	$	2,793,372	$	1,054,993

(1)Includes impairment charges that reduce the asset value.

(2)Aggregate cost for federal income tax purposes is approximately $3.0 billion.

(3)Including premiums and net of debt origination costs.

(4)We generally use estimated lives of 33 years for buildings and 15 years for land improvements. Tenant finishing allowances are depreciated over the initial lease term. Building, improvements & fixtures includes amounts included in construction in progress on the consolidated balance sheet.

(5)Represents year acquired.

(6)Amounts net of $60.1 million impairment charges taken during 2020 consisting of a write-off of approximately $89.8 million of building and improvement cost and $29.7 million of accumulated depreciation.

(7)Amounts net of $86.8 million impairment charges taken during 2020, 2019 and 2018 consisting of a write-off of approximately $2.5 million of land, $117.9 million of building and improvement cost and $33.6 million of accumulated depreciation.

TANGER FACTORY OUTLET CENTERS, INC. and SUBSIDIARIES

TANGER PROPERTIES LIMITED PARTNERSHIP and SUBSIDIARIES

SCHEDULE III - (Continued)

REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Year Ended December 31, 2020

(in thousands)

The changes in total real estate for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020		2019		2018
Balance, beginning of year	$	2,896,894	$	3,046,179	$	3,088,470
Improvements	29,516		50,117		48,357
Impairment charges	(91,603)		(40,539)		(77,958)
Dispositions and other	(41,435)		(158,863)		(12,690)
Balance, end of year	$	2,793,372	$	2,896,894	$	3,046,179

The changes in accumulated depreciation for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020		2019		2018
Balance, beginning of year	$	1,009,951	$	981,305	$	901,967
Depreciation for the period	101,665		107,129		114,198
Impairment charges	(30,208)		(3,028)		(30,050)
Dispositions and other	(26,415)		(75,455)		(4,810)
Balance, end of year	$	1,054,993	$	1,009,951	$	981,305