UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 6, 2003
TANGER FACTORY OUTLET CENTERS, INC.
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(Exact name of registrant as specified in its charter)
North Carolina 1-1198 56-1815473
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification Number)
3200 Northline Avenue, Greensboro, North Carolina 27408
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(Address of principal executive offices) (Zip Code)
(336) 292-3010
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(Registrants' telephone number, including area code)
N/A
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(former name or former address, if changed since last report)
Item 5. Other Events.
On October 6, 2003, Tanger Factory Outlet Centers, Inc. issued a press
release announcing the execution of a definitive agreement for the acquisition
of the Charter Oak Partners' portfolio of nine factory outlet centers totaling
approximately 3.3 million square feet. Tanger and an affiliate of Blackstone
Real Estate Advisors have formed a limited liability company to acquire the
portfolio as a joint venture. Tanger will own one- third and Blackstone will own
two-thirds of the joint venture. Tanger will provide operating, management,
leasing and marketing services for the properties. The purchase price for this
transaction is $491 million, including the assumption of approximately $187
million of debt. Closing is expected to take place during the fourth quarter of
2003. The press release is attached to this current report as exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 6, 2003
TANGER FACTORY OUTLET CENTERS, INC.
By: /s/ Frank C. Marchisello Jr.
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Frank C. Marchisello, Jr.
Executive Vice President, Chief Financial Officer
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EXHIBIT INDEX
Exhibit No.
99.1 Press release dated October 6, 2003 announcing the execution
of a definitive agreement for the acquisition of the Charter
Oak Partners' portfolio.