July 12, 2014 9:43 PM ET

Real Estate Management and Development

Company Overview of Tanger Properties Limited Partnership

Company Overview

Tanger Properties Limited Partnership owns and operates outlet centers in the United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. As of September 30, 2012, it owned and operated 36 outlet centers, with a total gross leasable area of approximately 10.7 million square feet, as well as had partial ownership interests in 3 outlet centers totaling approximately 1.2 million square feet, including one outlet center in Ontario, Canada. Tanger Properties Limited Partnership was founded in 1993 and is headquartered in Greensboro, North Carolina.

3200 Northline Avenue

Suite 360

Greensboro, NC 27408

United States

Founded in 1993

279 Employees

Phone:

336-292-3010

Fax:

336-852-2096

Key Executives for Tanger Properties Limited Partnership

Chairman of Tanger GP Trust
Age: 65
Chief Financial Officer of Tanger GP Trust
Age: 55
Chief Operating Officer of Tanger GP Trust and Executive Vice President of Tanger GP Trust
Age: 56
Chief Accounting Officer of Tanger GP Trust
Age: 49
Executive Vice President of Tanger GP Trust
Age: 42
Compensation as of Fiscal Year 2014.

Tanger Properties Limited Partnership Key Developments

Tanger Properties LP Agrees to Sell $250 Million of 3.875% Senior Notes Due 2023

Tanger Factory Outlet Centers Inc.'s operating partnership, Tanger Properties LP, agreed to sell $250 million of 3.875% senior notes due 2023 at 98.360% of the principal amount to yield 4.076% to maturity. The notes will pay interest semiannually at a rate of 3.875% per year and mature Dec. 1, 2023. The net proceeds from the offering, after deducting the underwriting discount and offering expenses, are expected to be about $243.5 million. Tanger said that it intends to use the net proceeds to repay borrowings under its unsecured lines of credit. The offering is expected to close Nov. 25, 2013. Jefferies, US Bancorp, Wells Fargo Securities and Bank of America Merrill Lynch are acting as joint book-running managers.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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