Tanger Factory Outlet Centers Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. Its outlet centers and other assets are held by, and all of its operations are conducted by, Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company owns the majority of the units of partnership interest issued by the Operating Partnership, through its subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner.

Price
Delayed
$17.41
Day's Change
-0.57 (-3.17%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.14
Day's Low
17.38
Volume
(Below Average)

Today's volume of 164,679 shares is on pace to be lower than SKT's 10-day average volume of 1,057,467 shares.

164,679

Tanger Outlets Appoints Steve Dworkin, Steven Silverstein to Real Estate and Leasing Executive Positions

9:03 am ET May 25, 2021 (PR Newswire) Print

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leader in the outlet industry, today announced the appointment of Steve Dworkin as Senior Vice President of Real Estate and Steven Silverstein as Assistant Vice President of Leasing. In these roles, Dworkin will be responsible for real estate and new development, while Silverstein will oversee leasing strategy and new development.

"I am delighted to welcome Steve Dworkin and Steven Silverstein to the team," said Mr. Yalof. "Both bring invaluable industry knowledge and insight to their respective roles, and will drive concrete results for the company. Tanger will benefit considerably from their experience delivering consistent results while motivating and inspiring their teams."

Dworkin brings over 20 years of experience across large-scale real estate development and acquisition throughout the US, Canada, Mexico and Asia to his role. His expertise in new shopping center development and proven success monetizing excess land to existing portfolios will drive continued growth for Tanger.

"Tanger Outlets has a strong reputation in the industry and was a pioneer in the outlet business," said Dworkin. "I look forward to building upon the company's great tradition of and preeminent place in open-air outlet shopping."

Silverstein's more than 30 years of industry experience will be key to driving prospecting for a new variety of Tanger tenants. Previously, he oversaw a diverse group of major retail and commercial portfolios, including Brookfield Properties and Cousins Properties.

"Creativity and entrepreneurship have been at the core of my leasing efforts over my career, and I'm excited to join Tanger Outlets at a time when the company is leaning into this approach," said Silverstein.

For more information about Tanger Outlets, please visit www.tangeroutlets.com.

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About Tanger Factory Outlet Centers, Inc. Tanger Factory Outlet Centers, Inc. is a leading operator of upscale open-air outlet centers that owns, or has an ownership interest in, a portfolio of 36 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 13.6 million square feet, leased to over 2,500 stores operated by more than 500 different brand name companies. The Company has more than 40 years of experience in the outlet industry and is a publicly-traded REIT. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.

Media Contact:

Alexandra Hasenauer KWT GlobalTanger@kwtglobal.com

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View original content to download multimedia:http://www.prnewswire.com/news-releases/tanger-outlets-appoints-steve-dworkin-steven-silverstein-to-real-estate-and-leasing-executive-positions-301298122.html

SOURCE Tanger Factory Outlet Centers, Inc.

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COMTEX_387247644/1005/2021-05-25T09:03:10

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