Tanger Inc.
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Company type | Public company |
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| NYSE: SKT S&P 600 component | |
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| Headquarters | Greensboro, North Carolina |
Key people | - Steven B. Tanger - Chairman - Stephen Yalof - Chief Executive Officer |
| Products | Shopping centers |
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| Total equity | Increase $679.7 million (2024) |
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| Website | tanger |
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Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
As of January 2026, the company owns and or manages 37 outlet centers, and three open-air lifestyle centers across the US and Canada comprising over 16 million square feet and more than 3,000 stores operated by more than 800 different brand name companies.[1]
Some of the company's largest tenants include Gap, Knitwell Group, Tapestry Inc., Nike, Inc., PVH, Under Armour, American Eagle Outfitters, H&M, and Ralph Lauren Corporation.
Notable properties owned by the company include Tanger Outlets The Walk, Tanger Outlets Nashville, and Tanger Outlets Pittsburgh.
History
In 1981, Stanley Tanger opened the Burlington Manufacturer's Outlet Center in Burlington, North Carolina.[2]
In May 1993, the company was incorporated as a real estate investment trust and became a public company via an initial public offering.[3]
In September 2002, Tanger purchased Kensington Valley Factory Shops in Howell, Michigan.[4]
In January 2009, Steven B. Tanger, the son of the founder and the namesake of the Steven Tanger Center for the Performing Arts, became president and CEO of the company.[2] That same year, in September, founder Stanley K. Tanger resigned from the position of chairman.[5]
In October 2010, the founder died at age 87.[2][5][6]
In January 2011, the company announced a 50/50 joint venture with RioCan Real Estate Investment Trust to develop outlet malls in Canada.[7] In June 2011, the company formed a joint venture with Simon Property Group to develop a shopping center south of Houston, Texas.[8]
In October 2015, the company sold 5 shopping centers for $150.7 million.[9] In April 2019, the company sold 4 shopping centers to Singerman Real Estate and The Outlet Resource Group for $130.5 million.[10]
Beginning in 2020, Tanger commenced a management succession plan and full refreshment of its executive management team with the appointment of Stephen Yalof as president and eventual CEO.[11] As of March 2025, the company's management team also included Michael Bilerman as Executive Vice President, Chief Financial Officer and Chief Investment Officer; Leslie Swanson as Executive Vice President, Chief Operating Officer; Jessica Norman as Executive Vice President, General Counsel and Secretary; Justin Stein as Executive Vice President, Leasing; and Thomas Guerrieri Jr. as Senior Vice President, Chief Accounting Officer.[12]
In October 2023, the company opened its newest outlet center in Nashville, Tennessee.[13]
In November 2023, Tanger announced its purchase of Asheville Outlets in Asheville, North Carolina.[14]
In December 2023, Tanger purchased Bridge Street Town Centre in Huntsville, Alabama.[15] The company has since purchased two additional open air lifestyle centers, including The Promenade at Chenal in Little Rock, AR, in December 2024,[16] and Pinecrest in Cleveland, OH, in February 2025.[17]
In April 2025, Tanger sold its outlet in Howell, Michigan, to Lormax Stern for an undisclosed price.[18]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Company Information".
- ^ a b c Page Module:Citation/CS1/styles.css has no content."Photo Release -- Tanger Outlet Centers Mourns the Passing of Their Founder, Stanley K. Tanger" (Press release). Globe Newswire. October 24, 2010.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Outlets Commemorates the 20th Anniversary of Its Initial Public Offering" (Press release). PR Newswire. May 28, 2013.
- ^ Page Module:Citation/CS1/styles.css has no content.Medd, Lon (September 12, 2002). "Outlet mall sold for $37.5 million". Livingston County Daily Press & Argus. Howell, Michigan. pp. 1A, 5A. Retrieved 2025-06-15 – via Newspapers.com.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Business Briefs: Founder of Tanger centers has died, company says". Winston-Salem Journal. October 26, 2010. Retrieved 2021-03-09.
- ^ Page Module:Citation/CS1/styles.css has no content."Outlet developer Stanley Tanger dies". www.bizjournals.com. Retrieved 2021-03-09.
- ^ Page Module:Citation/CS1/styles.css has no content."RioCan Real Estate Investment Trust and Tanger Factory Outlet Centers, Inc. Announce Joint Venture Agreement to Develop Outlet Mall Concepts in Canada" (Press release). Globe Newswire. January 24, 2011.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Outlet Centers and Simon Property Group Announce a Joint Venture to Develop a Tanger Outlet Center South of Houston, Texas" (Press release). PR Newswire. June 30, 2011.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Closes on the Sale of Five Non-Core Outlet Centers" (Press release). PR Newswire. October 5, 2015.
- ^ Page Module:Citation/CS1/styles.css has no content.Ryan, Meg (April 2, 2019). "Ocean City's Tanger outlet sold; new stores coming soon". Salisbury Daily Times. Retrieved 2019-08-02.
- ^ Page Module:Citation/CS1/styles.css has no content."Our History". Tanger Inc. Retrieved 2025-05-02.
- ^ Page Module:Citation/CS1/styles.css has no content."Our Leadership". Tanger Inc. Retrieved 2025-05-02.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Announces Grand Opening of Tanger Outlets Nashville" (Press release). PR Newswire. October 26, 2023. Retrieved 2023-11-16.
- ^ Page Module:Citation/CS1/styles.css has no content.Kepley-Steward, Kristy (November 15, 2023). "Tanger acquires Asheville Outlets in $70 million deal, plans to enhance shopping experience". WLOS. Retrieved 2023-12-12.
- ^ Page Module:Citation/CS1/styles.css has no content.Gattis, Paul (December 1, 2023). "Tanger buys Huntsville's Bridge Street Town Centre for $193 million". al. Retrieved 2024-02-14.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Acquires The Promenade at Chenal, an Open-Air Lifestyle Center in Little Rock, Arkansas". Tanger Inc. December 10, 2024. Retrieved 2025-05-02.
- ^ Page Module:Citation/CS1/styles.css has no content."Tanger Acquires Market-Dominant Retail and Mixed-Use District in Cleveland, Ohio". Tanger Inc. February 13, 2025. Retrieved 2025-05-02.
- ^ Page Module:Citation/CS1/styles.css has no content.Stuart, Maria (April 18, 2025). "Tanger Outlets is now Kensington Valley Outlets". The Livingston Post. Archived from the original on 2025-05-20. Retrieved 2026-01-21.
External links
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- Business data for Tanger Factory Outlet Centers, Inc.: Page Template:Hlist/styles.css has no content.
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