In 1981,
Stanley Tanger opened the Burlington Manufacturer's Outlet Center in
Burlington, North Carolina. In May 1993, the company was incorporated as a real estate investment trust and became a
public company via an
initial public offering. In September 2002, Tanger purchased Kensington Valley Factory Shops in
Howell, Michigan. In January 2009, Steven B. Tanger, the son of the founder and the namesake of the
Steven Tanger Center for the Performing Arts, became president and CEO of the company. In January 2011, the company announced a 50/50
joint venture with
RioCan Real Estate Investment Trust to develop outlet malls in Canada. In June 2011, the company formed a joint venture with
Simon Property Group to develop a shopping center south of
Houston, Texas. In October 2015, the company sold 5 shopping centers for $150.7 million. In April 2019, the company sold 4 shopping centers to Singerman Real Estate and The Outlet Resource Group for $130.5 million. Beginning in 2020, Tanger commenced a management succession plan and full refreshment of its executive management team with the appointment of Stephen Yalof as president and eventual CEO. As of March 2025, the company's management team also included Michael Bilerman as Executive Vice President, Chief Financial Officer and Chief Investment Officer; Leslie Swanson as Executive Vice President, Chief Operating Officer; Jessica Norman as Executive Vice President, General Counsel and Secretary; Justin Stein as Executive Vice President, Leasing; and Thomas Guerrieri Jr. as Senior Vice President, Chief Accounting Officer. In October 2023, the company opened its newest outlet center in
Nashville, Tennessee. In November 2023, Tanger announced its purchase of
Asheville Outlets in
Asheville, North Carolina. In December 2023, Tanger purchased
Bridge Street Town Centre in
Huntsville, Alabama. The company has since purchased two additional open air lifestyle centers, including
The Promenade at Chenal in Little Rock, AR, in December 2024, and Pinecrest in Cleveland, OH, in February 2025. In April 2025, Tanger sold its outlet in Howell, Michigan, to Lormax Stern for an undisclosed price. ==References==