Schedule III

12 Months Ended

Dec. 31, 2021

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, 2021 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2021 (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	$	22,387	$	—	$	125,988	$	—	$	14,157	$	—	$	140,145	$	140,145	$	45,921	2011 (5)	(4)
Blowing Rock	Blowing Rock, NC	—		1,963		9,424		—		10,808		1,963		20,232		22,195		12,780		1997 (5)	(4)
Branson	Branson, MO	—		4,407		25,040		396		26,258		4,803		51,298		56,101		36,391		1994	(4)
Charleston	Charleston, SC	—		10,353		48,877		—		18,412		10,353		67,289		77,642		38,075		2006	(4)
Commerce	Commerce, GA	—		1,262		14,046		707		37,640		1,969		51,686		53,655		37,981		1995	(4)
Daytona Beach	Daytona Beach, FL	—		9,913		80,410		—		4,105		9,913		84,515		94,428		24,153		2016	(4)
Deer Park	Deer Park, NY	—		82,413		173,044		—		17,988		82,413		191,032		273,445		60,520		2013 (5)	(4)
Foley	Foley, AL	—		4,400		82,410		693		39,040		5,093		121,450		126,543		66,896		2003 (5)	(4)
Fort Worth	Fort Worth, TX	—		11,157		87,025		—		2,050		11,157		89,075		100,232		19,693		2017	(4)
Foxwoods (6)	Mashantucket, CT	—		—		130,941		—		(96,901)		—		34,040		34,040		77		2015	(4)
Gonzales	Gonzales, LA	—		679		15,895		—		34,548		679		50,443		51,122		37,931		1992	(4)
Grand Rapids	Grand Rapids, MI	—		8,180		75,420		—		4,008		8,180		79,428		87,608		26,269		2015	(4)
Hershey	Hershey, PA	—		3,673		48,186		—		7,828		3,673		56,014		59,687		20,967		2011(5)	(4)
Hilton Head I	Bluffton, SC	—		4,753		—		—		33,962		4,753		33,962		38,715		18,442		2011	(4)
Hilton Head II	Bluffton, SC	—		5,128		20,668		—		17,418		5,128		38,086		43,214		21,183		2003 (5)	(4)
Howell	Howell, MI	—		2,250		35,250		—		17,053		2,250		52,303		54,553		30,492		2002 (5)	(4)
Lancaster	Lancaster, PA	—		3,691		19,907		6,656		65,756		10,347		85,663		96,010		37,661		1994 (5)	(4)
Locust Grove	Locust Grove, GA	—		2,558		11,801		57		33,336		2,615		45,137		47,752		30,918		1994	(4)
Mebane	Mebane, NC	—		8,821		53,362		—		6,803		8,821		60,165		68,986		33,622		2010	(4)
Myrtle Beach Hwy 17	Myrtle Beach, SC	—		—		80,733		—		30,250		—		110,983		110,983		45,632		2009 (5)	(4)
Myrtle Beach Hwy 501	Myrtle Beach, SC	—		8,781		56,798		—		42,365		8,781		99,163		107,944		54,563		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, 2021 (in thousands)
Description				Initial cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements) (1)				Gross Amount Carried at Close of Period December 31, 2021(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		15,887		5,531		107,175		112,706		68,045		2008	(4)
Rehoboth Beach	Rehoboth Beach, DE	—		20,600		74,209		1,875		58,885		22,475		133,094		155,569		63,954		2003 (5)	(4)
Riverhead	Riverhead, NY	—		—		36,374		6,152		136,902		6,152		173,276		179,428		112,032		1993	(4)
San Marcos	San Marcos, TX	—		1,801		9,440		2,301		60,757		4,102		70,197		74,299		48,762		1993	(4)
Savannah	Pooler, GA	—		8,432		167,780		—		4,915		8,432		172,695		181,127		34,665		2016 (5)	(4)
Sevierville	Sevierville, TN	—		—		18,495		—		52,928		—		71,423		71,423		46,076		1997 (5)	(4)
Southaven	Southaven, MS	40,087		14,959		50,511		—		1,314		14,959		51,825		66,784		22,533		2015	(4)
Tilton	Tilton, NH	—		1,800		24,838		29		14,905		1,829		39,743		41,572		21,920		2003 (5)	(4)
Westgate	Glendale, AZ	—		19,037		140,337		2,555		9,080		21,592		149,417		171,009		26,796		2016 (5)	(4)
Other	Various	—		306		1,495		—		40		306		1,535		1,841		438		Various	(4)
		$	62,474	$	246,845	$	1,809,992	$	21,424	$	722,497	$	268,269	$	2,532,489	$	2,800,758	$	1,145,388

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

(2)Aggregate cost for federal income tax purposes is approximately $2.9 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 $6.4 million impairment charges taken during 2021 consisting of a write-off of approximately $8.6 million of building and improvement cost and $2.2 million of accumulated depreciation. 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.

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, 2021

(in thousands)

The changes in total real estate for the years ended December 31, 2021, 2020 and 2019 are as follows:

	2021		2020		2019
Balance, beginning of year	$	2,793,372	$	2,896,894	$	3,046,179
Improvements	37,218		29,516		50,117
Impairment charges	(8,574)		(91,603)		(40,539)
Dispositions and other	(21,258)		(41,435)		(158,863)
Balance, end of year	$	2,800,758	$	2,793,372	$	2,896,894

The changes in accumulated depreciation for the years ended December 31, 2021, 2020 and 2019 are as follows:

	2021		2020		2019
Balance, beginning of year	$	1,054,993	$	1,009,951	$	981,305
Depreciation for the period	96,990		101,665		107,129
Impairment charges	(2,160)		(30,208)		(3,028)
Dispositions and other	(4,435)		(26,415)		(75,455)
Balance, end of year	$	1,145,388	$	1,054,993	$	1,009,951