Partners' Equity of the Operating Partnership (Tanger Properties Limited Partnership [Member])
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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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
The ownership interests of the Operating Partnership as of September 30, 2013 and December 31, 2012, consisted of the following:
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.
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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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