Tanger Inc. Asheville NC Outlet Center 2024 Acquisition

Tanger Inc. acquired Tanger Outlets Asheville in November 2023 for $70M, a 382K SF open-air outlet center with 93.4% occupancy. The facility benefits from Asheville's thriving tourism market, which attracts 12.5M+ annual visitors, and offers strategic merchandising opportunities with estimated first-year returns above 8.5%.