Partners' Equity of the Operating Partnership (Tanger Properties Limited Partnership [Member])
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
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Tanger Properties Limited Partnership [Member]
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Schedule of Partners' Equity of the Operating Partnership [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Partners' Equity of the Operating Partnership |
Partners' Equity of the Operating Partnership
At December 31, 2012 and December 31, 2011, the ownership interests of the Operating Partnership consisted of the following:
When the Company issues common shares upon exercise of options or issuance of restricted share awards, the Operating Partnership issues a corresponding unit to the Company on a four shares for one unit basis.
At December 31, 2012, the Family Limited Partners owned 1,190,466 limited partnership common units which are exchangeable for 4,761,864 common shares of the Company. The Company owned the remaining limited partnership common units and all of the general partnership common units.
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- Details
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- Definition
The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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