"The majority of our tenants have remained financially strongduring these difficult economic times and are showing increasedprofits and improved sales," says Steven Tanger, president and CEOof the retail REIT. He adds that the company's balance sheetremains conservatively positioned.
Tanger owns and operates 31 outlets in 21 states, totaling 9.2million square feet of gross leasable area. It is currentlydeveloping a 317,000-square-foot center in Mebane, NC with leasecommitments for 73% of the space at an estimated total cost ofnearly $65 million.
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