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Schedule III
12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation
TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023 (in thousands)
DescriptionInitial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2023 (2)
Center Name
Location
Encumbrances (3)
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
AshevilleAsheville, NC$— $6,092 $56,326 $— $— $6,092 $56,326 $62,418 $523 
2023 (5)
Atlantic CityAtlantic City, NJ12,613 — 125,988 — 18,435 — 144,423 144,423 56,067 
2011 (5)
BransonBranson, MO— 4,407 25,040 396 27,932 4,803 52,972 57,775 39,241 1994
CharlestonCharleston, SC— 10,353 48,877 — 23,141 10,353 72,018 82,371 41,578 2006
CommerceCommerce, GA— 1,262 14,046 707 39,569 1,969 53,615 55,584 41,022 1995
Daytona BeachDaytona Beach, FL— 9,913 80,410 — 9,989 9,913 90,399 100,312 32,478 2016
Deer ParkDeer Park, NY— 82,413 173,044 — 32,765 82,413 205,809 288,222 76,385 
2013 (5)
FoleyFoley, AL— 4,400 82,410 693 41,094 5,093 123,504 128,597 73,460 
2003 (5)
Fort WorthFort Worth, TX— 11,157 87,025 — 2,214 11,157 89,239 100,396 28,188 2017
Foxwoods (6)
Mashantucket, CT— — 130,941 — (96,392)— 34,549 34,549 3,829 2015
GonzalesGonzales, LA— 679 15,895 — 34,897 679 50,792 51,471 40,361 1992
Grand RapidsGrand Rapids, MI— 8,180 75,420 — 4,740 8,180 80,160 88,340 33,016 2015
HersheyHershey, PA— 3,673 48,186 — 16,898 3,673 65,084 68,757 24,985 
2011(5)
Hilton Head IBluffton, SC— 4,753 — — 34,183 4,753 34,183 38,936 20,620 2011
Hilton Head IIBluffton, SC— 5,128 20,668 — 18,608 5,128 39,276 44,404 24,350 
2003 (5)
HowellHowell, MI— 2,250 35,250 — 18,383 2,250 53,633 55,883 33,890 
2002 (5)
HuntsvilleHuntsville, AL— 22,432 145,990 — — 22,432 145,990 168,422 1,427 
2023 (5)
LancasterLancaster, PA— 3,691 19,907 6,656 66,253 10,347 86,160 96,507 44,323 
1994 (5)
Locust GroveLocust Grove, GA— 2,558 11,801 57 35,739 2,615 47,540 50,155 33,423 1994
MebaneMebane, NC— 8,821 53,362 — 9,590 8,821 62,952 71,773 37,819 2010
Myrtle Beach Hwy 17Myrtle Beach, SC— — 80,733 — 33,414 — 114,147 114,147 53,115 
2009 (5)
Myrtle Beach Hwy 501Myrtle Beach, SC— 8,781 56,798 — 44,565 8,781 101,363 110,144 60,868 
2003 (5)
NashvilleNashville, TN— 8,772 133,641 — — 8,772 133,641 142,413 1,390 2023
TANGER INC. AND SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP AND SUBSIDIARIES
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023 (in thousands)
DescriptionInitial cost to Company
Costs Capitalized
Subsequent to Acquisition
(Improvements) (1)
Gross Amount Carried at Close of Period
December 31, 2023(2)
Center Name
Location
Encumbrances (3)
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
LandBuildings,
Improvements & Fixtures
Total
Accumulated
Depreciation (1)(4)
Date of
Construction or Acquisition
PittsburghPittsburgh, PA— 5,528 91,288 18,086 5,531 109,374 114,905 76,811 2008
Rehoboth BeachRehoboth Beach, DE— 20,600 74,209 1,876 67,860 22,476 142,069 164,545 74,123 
2003 (5)
RiverheadRiverhead, NY— — 36,374 6,152 144,602 6,152 180,976 187,128 125,084 1993
San MarcosSan Marcos, TX— 1,801 9,440 2,301 66,925 4,102 76,365 80,467 52,230 1993
SavannahPooler, GA— 8,432 167,780 — 19,313 8,432 187,093 195,525 47,734 
2016 (5)
SeviervilleSevierville, TN— — 18,495 — 57,470 — 75,965 75,965 50,809 
1997 (5)
SouthavenSouthaven, MS51,428 14,959 50,511 — (1,669)14,959 48,842 63,801 26,034 2015
TiltonTilton, NH— 1,800 24,838 28 17,732 1,828 42,570 44,398 24,692 
2003 (5)
WestgateGlendale, AZ— 19,037 140,337 2,558 24,746 21,595 165,083 186,678 37,214 
2016 (5)
OtherVarious— 306 1,495 — 28 306 1,523 1,829 1,175 Various
$64,041 $282,178 $2,136,525 $21,427 $831,110 $303,605 $2,967,635 $3,271,240 $1,318,264 
(1)Includes impairment charges that reduce the asset value.
(2)Aggregate cost for federal income tax purposes is approximately $3.4 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 INC. and SUBSIDIARIES
TANGER PROPERTIES LIMITED PARTNERSHIP and SUBSIDIARIES
SCHEDULE III - (Continued)
REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Year Ended December 31, 2023
(in thousands)

The changes in total real estate for the years ended December 31, 2023, 2022 and 2021 are as follows:
202320222021
Balance, beginning of year$2,855,871 $2,800,758 $2,793,372 
Improvements188,863 92,828 37,218 
Impairment charges— — (8,574)
Acquisitions230,840 — — 
Dispositions and other(4,334)(37,715)(21,258)
Balance, end of year$3,271,240 $2,855,871 $2,800,758 

The changes in accumulated depreciation for the years ended December 31, 2023, 2022 and 2021 are as follows:
202320222021
Balance, beginning of year$1,224,962 $1,145,388 $1,054,993 
Depreciation for the period97,636 97,916 96,990 
Impairment charges— — (2,160)
Dispositions and other(4,334)(18,342)(4,435)
Balance, end of year$1,318,264 $1,224,962 $1,145,388