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

Annual report pursuant to Section 13 and 15(d)

Deferred Charges (Tables)

Deferred Charges (Tables)

12 Months Ended

Dec. 31, 2015

Deferred lease costs and other intangibles, net as of December 31, 2015 and 2014 consist of the following (in thousands):



	2015			2014
Deferred lease costs	$	70,379		$	61,205
Intangible assets:
Above market leases	43,340			44,144
Lease in place value	68,194			69,893
Tenant relationships	55,538			57,230
Other intangibles	42,614			42,789
	280,065			275,261
Accumulated amortization	(152,976		)	(134,378		)
Deferred lease costs and other intangibles, net	$	127,089		$	140,883

Schedule of Expected Amortization Expense

Estimated aggregate amortization of net above and below market leases and other intangibles for each of the five succeeding years is as follows (in thousands):



Year	Above/below market leases, net		Deferred lease costs and other intangibles
2016	$	2,142	$	9,652
2017	2,087		7,943
2018	1,926		7,022
2019	463		4,809
2020	113		4,079
Total	$	6,731	$	33,505

Schedule of Deferred Financing Fees

Deferred debt origination costs, net as of December 31, 2015 and 2014 consist of the following (in thousands):



	2015			2014
Deferred debt origination costs	$	24,955		$	22,126
Accumulated amortization	(13,073		)	(10,000		)
Deferred debt origination costs, net	$	11,882		$	12,126