Tanger Inc. Annual report pursuant to Section 13 and 15(d)

Partners' Equity of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])

12 Months Ended

Dec. 31, 2014

Tanger Properties Limited Partnership [Member]

The following table sets forth the changes in outstanding partnership units for the years ended December 31, 2014, 2013 and 2012:



		Limited Partnership Units
	General partnership units	Class A		Class B		Total
Balance December 31, 2011	1,000,000	11,491,892		85,727,656		97,219,548
Exchange of Class A limited partnership units	—	(6,730,028	)	6,730,028		—
Issuance of restricted units	—	—		566,000		566,000
Units issued upon exercise of options	—	—		37,700		37,700
Balance December 31, 2012	1,000,000	4,761,864		93,061,384		97,823,248
Exchange of Class A limited partnership units	—	(67,428	)	67,428		—
Issuance of restricted units	—	—		332,373		332,373
Units issued upon exercise of options	—	—		44,500		44,500
Units issued as consideration for business acquisition (see Note 3)	—	450,576		—		450,576
Balance December 31, 2013	1,000,000	5,145,012		93,505,685		98,650,697
Units withheld for employee income taxes	—	—		(412,239	)	(412,239	)
Exchange of Class A limited partnership units	—	(66,606	)	66,606		—
Issuance of restricted units	—	—		1,302,729		1,302,729
Units issued upon exercise of options	—	—		47,000		47,000
Balance December 31, 2014	1,000,000	5,078,406		94,509,781		99,588,187