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Debt of the Operating Partnership (Tables) - Tanger Properties Limited Partnership [Member]
 12 Months Ended
Dec. 31, 2020
Schedule of Debt
The debt of the Operating Partnership as of December 31, 2020 and 2019 consisted of the following (in thousands):
20202019
Stated Interest Rate(s)Maturity DatePrincipal
Book Value(1)
Principal
Book Value(1)
Senior, unsecured notes: 
Senior notes3.875 %December 2023250,000 247,967 250,000 247,308 
Senior notes3.750 %December 2024250,000 248,493 250,000 248,127 
Senior notes3.125 %September 2026350,000 346,770 350,000 346,215 
Senior notes3.875 %July 2027300,000 297,346 300,000 296,953 
Mortgages payable:
Atlantic City (2) (3)
5.14 %-7.65%November 2021- December 202627,343 28,569 30,909 32,531 
     SouthavenLIBOR+1.80%April 202151,400 51,371 51,400 51,272 
Unsecured term loan
LIBOR(4)
+1.00%April 2024350,000 347,370 350,000 347,367 
Unsecured lines of credit
LIBOR(4)
+1.000%
October 2021 (5)
— — — — 
 $1,578,743 $1,567,886 $1,582,309 $1,569,773 
(1)Includes premiums and net of debt discount and unamortized debt origination costs. Excludes $1.5 million and $2.0 million of unamortized debt origination costs related to unsecured lines of credit as of December 31, 2020 and 2019, respectively, recorded in prepaids and other assets in the Consolidated Balance Sheet. Unamortized debt origination costs were $9.5 million and $11.2 million as of December 31, 2020 and 2019, respectively. Amortization of deferred debt origination costs included in interest expense for the years ended December 31, 2020, 2019 and 2018 was $3.6 million, $3.0 million and $3.1 million, respectively.
(2)The effective interest rate assigned during the purchase price allocation to this assumed mortgage 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 the maturity to October 2022.
Schedule of Maturities of Long-term Debt
Maturities of the existing long-term debt as of December 31, 2020 for the next five years and thereafter are as follows (in thousands):
Calendar YearAmount
2021$57,193 
20224,436 
2023254,768 
2024605,140 
20251,501 
Thereafter655,705 
Subtotal1,578,743 
Net discount and debt origination costs(10,857)
Total$1,567,886