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

12 Months Ended

Dec. 31, 2021

The debt of the Operating Partnership as of December 31, 2021 and 2020 consisted of the following (in thousands):



						2021				2020
	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	$	247,967
Senior notes	3.750	%			December 2024	—		—		250,000		248,493
Senior notes	3.125	%			September 2026	350,000		347,329		350,000		346,770
Senior notes	3.875	%			July 2027	300,000		297,742		300,000		297,346
Senior notes	2.750	%			September 2031	400,000		391,110		—		—

Mortgages payable:
Atlantic City (2) (3)	6.44	%	-	7.65%	December 2024- December 2026	21,550		22,387		27,343		28,569
Southaven	LIBOR		+	1.80%	April 2023	40,144		40,087		51,400		51,371
Unsecured term loan	LIBOR		+	1.25%	April 2024	300,000		298,421		350,000		347,370
Unsecured lines of credit	LIBOR		+	1.20%	July 2025	—		—		—		—
						$	1,411,694	$	1,397,076	$	1,578,743	$	1,567,886

(1)Includes premiums and net of debt discount and unamortized debt origination costs. Excludes $4.8 million and $1.5 million of unamortized debt origination costs related to unsecured lines of credit as of December 31, 2021 and 2020, respectively, recorded in prepaids and other assets in the Consolidated Balance Sheet. Unamortized debt origination costs were $12.9 million and $9.5 million as of December 31, 2021 and 2020, respectively. Amortization of deferred debt origination costs included in interest expense for the years ended December 31, 2021, 2020 and 2019 was $4.0 million, $3.6 million and $3.0 million, respectively.

(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 our consolidated existing long-term debt as of December 31, 2021 for the next five years and thereafter are as follows (in thousands):


Calendar Year	Amount
2022	$	4,436
2023	44,912
2024	305,140
2025	1,501
2026	355,705
Thereafter	700,000
Subtotal	1,411,694
Net discount and debt origination costs	(14,618)
Total	$	1,397,076