Quarterly report pursuant to Section 13 or 15(d)

Partners' Equity of the Operating Partnership

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Partners' Equity of the Operating Partnership (Tanger Properties Limited Partnership [Member])
9 Months Ended
Sep. 30, 2013
Tanger Properties Limited Partnership [Member]
 
Schedule of Partners' Equity of the Operating Partnership [Line Items]  
Partners' Equity of the Operating Partnership
Partners' Equity of the Operating Partnership

The ownership interests of the Operating Partnership as of September 30, 2013 and December 31, 2012, consisted of the following:
 
 
September 30,
2013
 
December 31,
2012
Common units:
 
 

 
 

General partner
 
1,000,000

 
1,000,000

Limited partners
 
98,623,797

 
97,823,248

Total common units
 
99,623,797

 
98,823,248



During the third quarter of 2013, the Operating Partnership's operating agreement was amended to, among other things, effect a four-for-one split by issuing to its existing holders four units of partnership interest for every one unit outstanding. After the effect of the split, each unit of partnership interest held by limited partners not wholly owned by the Company may be exchanged for one common share of the Company. Prior to the split, each unit held by the limited partners not wholly owned by the Company was exchangeable for four common shares of the Company. All references to the number of units outstanding and per unit amounts reflect the effect of the split for all periods presented.

Also, in August 2013 as disclosed in Note 3, the Operating Partnership issued 450,576 common limited partnership units, as partial consideration for the acquisition of an additional one-third interest in Deer Park.