Tanger Inc. is a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

headquartered in

Greensboro, North Carolina Greensboro (; ) is a city in Guilford County, North Carolina, United States, and its county seat. At the 2020 United States census, 2020 census, its population was 299,035; it was estimated to be 307,381 in 2024. It is the List of municipalitie ...

, that invests in open air outlet and lifestyle

shopping center A shopping center in American English, shopping centre in English in the Commonwealth of Nations, Commonwealth English (see American and British English spelling differences#-re, -er, spelling differences), shopping complex, shopping arcade, ...

s in the United States and Canada. As of March 31, 2025, the company owns and manages 37 outlet centers, one adjacent managed center, 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 700 different brand name companies. Some of the company's largest tenants include Gap
Knitwell Group
Tapestry Inc.,

Nike, Inc. Nike, Inc. (stylized as ''NIKE'') is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, ...

, PVH,

Under Armour Under Armour, Inc. is an American sportswear company that manufactures footwear and clothing, apparel headquartered in Baltimore, Maryland, United States. History 20th century Under Armour was founded on September 25, 1996, by Kevin Plank, a ...

American Eagle Outfitters American Eagle Outfitters, Inc. is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc ...

, H&M, and

Ralph Lauren Corporation Ralph Lauren Corporation is an American publicly traded fashion and lifestyle brand founded in 1967 by Ralph Lauren in New York City. The company markets products in apparel, home, accessories, and fragrances, and is most known for its flagsh ...

. Notable properties owned by the company include

Tanger Outlets The Walk Tanger Outlets Atlantic City, formerly known as The Walk, is a 109-store open-air outlet mall in Atlantic City, New Jersey. It is the only outlet mall in Atlantic County. The mall opened in August 2003 and spans 3 city blocks, featuring a uniqu ...

, Tanger Outlets Southaven (Memphis), and Tanger Outlets Pittsburgh

History

In 1981, Stanley Tanger opened the Burlington Manufacturer's Outlet Center in

Burlington, North Carolina Burlington is a city in Alamance County, North Carolina, Alamance and Guilford County, North Carolina, Guilford counties in the U.S. state of North Carolina. It is the principal city of the Burlington, NC Metropolitan Statistical Area, which en ...

. In May 1993, the company was incorporated as a real estate investment trust and became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. In September 2002, Tanger purchased Kensington Valley Factory Shops in

Howell, Michigan Howell is the largest city in and county seat of Livingston County, Michigan, United States. As of the 2025 census, the city had a population of 9,914. The city is mostly surrounded by Howell Township, Michigan, Howell Township, but the two are ad ...

. 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. That same year, in September, founder Stanley K. Tanger resigned from the position of chairman. In October 2010, the founder died at age 87. In January 2011, the company announced a 50/50

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

with RioCan Real Estate Investment Trust to develop outlet malls in Canada. In June 2011, the company formed a joint venture with

Simon Property Group Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indian ...

to develop a shopping center south of

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

. In October 2015, the company sold 5 shopping centers for $150.7 million. In April 2019, the company sold 4 shopping centers to Singerman Real Estate and The Outlet Resource Group for $130.5 million. 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. 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. In October 2023, the company opened its newest outlet center in

Nashville, Tennessee Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

. In November 2023, Tanger announced its purchase of Asheville Outlets in

Asheville, North Carolina Asheville ( ) is a city in Buncombe County, North Carolina, United States. Located at the confluence of the French Broad River, French Broad and Swannanoa River, Swannanoa rivers, it is the county seat of Buncombe County. It is the most populou ...

. In December 2023, Tanger purchased Bridge Street Town Centre in

Huntsville, Alabama Huntsville is the List of municipalities in Alabama, most populous city in the U.S. state of Alabama. The population of the city is estimated to be 241,114 in 2024, making it the List of United States cities by population, 100th-most populous ...

. The company has since purchased two additional open air lifestyle centers, including The Promenade at Chenal in Little Rock, AR, in December 2024, an
Pinecrest
in Cleveland, OH, in February 2025.

References

External links

{{Authority control 1981 establishments in North Carolina American companies established in 1981 Companies based in Greensboro, North Carolina Companies listed on the New York Stock Exchange Real estate investment trusts of the United States Shopping malls established in 1981 Shopping center management firms