Tanger Factory Outlet Centers Inc is a North Carolina corporation formed in March 1993. The Company along with its subsidiaries owns & operates outlet centers in the United States & Canada. It is a fully-integrated, self-administered & self-managed REIT, developing, acquiring, owning, & managing outlet shopping centers. The Company owns and operates approximately 37 outlet centers, with a total gross leasable area of approximately 11.7 million square feet. These outlet centers are 97% occupied and contains over 2,400 stores, representing approximately 400 store brands. It also had partial ownership interests in 9 outlet centers totaling approximately 2.7 million square feet, including 4 outlet centers in Canada. The Company competes with institutional pension funds, private equity investors, other REITs, small owners of outlet centers, specialty stores and others who are engaged in the acquisition, development or ownership of outlet centers and stores. The Company's operations are subject to various federal, state and local laws, ordinances and regulations.
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