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MARKET OVERVIEW

The center is located right on the

edge of the Atlanta Metro area,

the 9th largest US population

center. Home to more than 5.3

million people, nearly 150,000

businesses and a world class

airport.

Commerce, Georgia is an impressive commercial districtlocated on the US 441 Heritage Highway. Shopping,restaurants and other regional attractions convey relaxedsouthern charm. The area is also home to the AtlantaDragway that has a full schedule of events throughout theyear. Sandy Creek or Deer Trail golf courses offertraditional golfing in the North Georgia Mountains.Athens, Georgia is home to the University of Georgia andjust minutes from the center. Over 36,000 students areenrolled there.Jackson County has enjoyed significant success inattracting new industrial and distribution facilities. Since2013, housing starts in the area have increased by +35%.

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                   2

ADDRESS

GROSS LEASABLE AREA

DAILY TRAFFIC COUNT

POPULATION

MAJOR CITIES

OVERVIEW

Commerce, Georgia is one of the most visited outlet locations in the South. In additionto great outlet shopping, the area features quality lodging, excellent restaurants, andnumerous destinations that are an attraction for tour groups and conventions.

800 Steven B Tanger BlvdCommerce, GA 30529

(60 Miles) / 4,020,339

MSA Population5,527,230 - Atlanta-Sandy Springs-Roswell, GA

371,408 SF

Hwy 441 / 21,200

Athens, GA (20 miles)Atlanta, GA (63 miles)Greenville, SC (74 miles)

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GALLERY

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LOCATION

REGIONAL MAP LOCAL MAP

The center is located at I-85, Exit 149, Hwy 441

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awduncan
Stamp
awduncan
Stamp

CENTER MAP

TANGER OUTLETS COMMERCE800 Steven B. Tanger Boulevard | Commerce, GA 30529

SHOPPER SERVICES

ATM

COUPON BOOKS

PURCHASE GIFT CARDS

STROLLER & WHEELCHAIR

VENDING MACHINE

RESTROOMS

FAMILY RESTROOMS

MOTHERS ROOM

CHARGING STATION

TOLLEY STOP

BUS CHECK-IN

AUTOMATED EXTERNAL DEFIBRILLATOR

COMPLIMENTARY ELECTRIC VEHICLE CHARGING STATION

FREE WI-FI CENTERWIDE

SERVICE LEGEND

STEVEN B. TANGER BLVD.

1114 1110 1103 1100 1005

1000

911

909 908 900

100

101A

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105A

105B

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510

506 503505 500 411

410

409 408

1106

404 402

400

313 311 310 309

308

307 304 210 208 206

205

204 203

203B 20

2

306 302 209

1200 1202 1205 1210 1215

1225

406

201

SHOPPER SERVICESVisit before you shop!

1010

200

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                   6

AERIAL

The center is located right on the edge of the AtlantaMetro area, off Highway 85.

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MARKET SNAPSHOT AERIAL

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RETAIL SNAPSHOT MAP

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MARKET SNAPSHOT MAP

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DEMOGRAPHICS

Median Age

Households

Avg. Household Income

Families

Population

0 - 60 MILES

1,476,7061,476,7061,476,7061,476,706

4,020,3394,020,3394,020,3394,020,339

$84,821$84,821$84,821$84,821

1,012,3371,012,3371,012,3371,012,337

36.936.936.936.9

STATISTICS 0 - 5 MILES 0 - 10 MILES 0 - 30 MILES 0 - 45 MILES 0 - 60 MILES

Population 13,688 35,890 763,918 1,974,788 4,020,339

Households 5,015 12,741 269,878 688,015 1,476,706

Families 3,607 9,400 189,582 505,405 1,012,337

Median Age 39.2 39.4 35.4 36.5 36.9

Avg Household Income $54,960 $59,100 $68,546 $79,701 $84,821

HOUSEHOLD INCOME 0 - 5 MILES 0 - 10 MILES 0 - 30 MILES 0 - 45 MILES 0 - 60 MILES

Less than $15,000 16.8 % 15.5 % 13.9 % 10.6 % 10.6 %

$15,000-$24,999 12.2 % 12.0 % 10.9 % 9.4 % 9.3 %

$25,000-$34,999 12.4 % 12.4 % 10.3 % 9.0 % 9.0 %

$35,000-$49,999 16.9 % 16.3 % 14.3 % 13.1 % 12.9 %

$50,000-$74,999 18.7 % 18.0 % 18.5 % 18.4 % 18.1 %

$75,000-$99,999 10.8 % 11.0 % 11.7 % 12.8 % 12.1 %

$100,000-$149,999 7.9 % 9.8 % 12.3 % 15.7 % 15.0 %

$150,000+ 9.2 % 12.0 % 16.0 % 20.9 % 21.8 %

AGE DISTRIBUTION 0 - 5 MILES 0 - 10 MILES 0 - 30 MILES 0 - 45 MILES 0 - 60 MILES

0-14yrs 19.2 % 19.0 % 19.8 % 20.8 % 20.0 %

15-24yrs 11.6 % 12.1 % 15.9 % 14.0 % 13.6 %

25-44yrs 26.7 % 26.2 % 26.5 % 26.9 % 27.3 %

45-64yrs 25.3 % 26.9 % 24.3 % 26.0 % 26.1 %

65+ yrs 17.2 % 15.8 % 13.4 % 12.4 % 13.0 %

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                  11

ZIP CODE STUDIES

SALES & TRAFFICSEASONALITY

JAN FEB MAR APR MAY JUN

4.7% 6.2% 8.9% 7.5% 7.7% 8.4%

JUL AUG SEP OCT NOV DEC

9.7% 8.2% 7.4% 7.1% 10.4% 13.8%

MARKET AREA 6/15/2018 4/6/2018 11/10/2017 8/9/2017

Anderson 3 2 2 3

Athens 10 10 11 13

Atlanta 14 10 7 8

Commerce Area 24 34 34 34

Gainesville 5 4 4 3

Greenville-Spartanburg 7 5 5 5

Gwinnett 13 7 11 11

NC 5 3 4 2

Other GA 8 11 11 11

Other SC 4 4 5 5

Other USA 7 10 6 5

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                  12

SHOPPER SNAPSHOT

SHOPPER PROFILE Commerce Portfolio

Females 77% 75%

Average Age 42.5 46

Average Household Income $68,392 $91,837

Race-Caucasian 64% 71%

Race-Hispanic or Latino 5% 5%

Race - African American 14% 7%

Race - Asian 7% 7%

Marital Status- married 67% 73%

Local Resident Shoppers 60% 58%

Tourist (self-defined) 19% 42%

GENERAL SHOPPING PATTERNS Commerce Portfolio

Shopping Frequency (trips per yr) 12.4 8.2

Percentage of First Time Visitors 16% 17%

Avg # of Stores Visited 7.3 8.7

Avg # of Stores Purchased In 3.3 4

% of shoppers making a purchase 93% 95%

Length of Shopping Visit 124 minutes 129 minutes

Average Size of Shopping Party 3.1 3.1

Average Shopping Expenditure $174 $243

Average Perceived Savings 34% 36%

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                  13

TANGER OUTLETS GRAND RAPIDS 13

6

34 21 22

272628

17

4243

41

40

1413

38

3736

10 1

15

16

9

2

39

35

2425 11 4

12

3

18

5

1920

23

7

3233

2930

318

CORPORATEHEADQUARTERS

Greensboro, NC

Tanger Outlets owns and operates 43 upscale outlet shopping centers in 22 U.S. states coast to coast and in Canada, attracting over 188 million loyal customers each year.

LOCATIONS

TANGER’S REPUTATION

WITHIN THE INDUSTRY

CONTINUES TO DRIVE TENANT

DEMAND FOR SPACE IN

TANGER CENTERS.

CENTER LISTING ON NEXT PAGETANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                  14

TANGER OUTLETS GRAND RAPIDS 14

LOCATIONLISTING

SouthavenMississ ippi

1 Foley, AL Gulf Coast Resort Area I-10, Exit 44, Highway 59S

2 Phoenix (Glendale), AZ 9 miles Northwest of Phoenix Loop 101 and Glendale Avenue

3 Foxwoods (Mashantucket), CT Foxwoods Resort Casino, 50 miles East of Hartford

4 Rehoboth Beach, DE Coastal Resort Area 3 Locations on Delaware’s Coastal Highway Route 1

5 Daytona Beach, FL Coastal Resort Area I-95 & LPGA Boulevard

6 Commerce, GA Between Atlanta and Greenville, SC I-85, Exit 149

7 Locust Grove, GA Between Atlanta and Macon I-75, Exit 212

8 Savannah, GA Southwest Quadrant of I-95 and Pooler Parkway

9 Williamsburg, IA Between Des Moines and Iowa City I-80, Exit 220

10 Gonzales, LA Between New Orleans and Baton Rouge I-10 at Highway 30, Exit 177

11 National Harbor, MD 8 Miles Southeast of Washington, D.C. I-95/495 and I-295

12 Ocean City, MD Coastal Resort Area Route 50, One Mile West of the Beach 13 Grand Rapids, MI Southwest Quadrant of US-131 and 84th Street 14 Howell, MI Between Lansing and Detroit I-96 at M-59, Exit 133

15 Memphis (Southaven, MS) Northeast Quadrant of I-69/55 and Church Road

16 Branson, MO Ozark Mtn/Lakes Region Resort Area West Highway 76, 2 miles West of US Highway 65

17 Tilton, NH Lakes Region Resort Area I-93, Left off Exit 20

18 Atlantic City, NJ Coastal Resort Area 2014 Baltic Avenue

19 Deer Park, NY Minutes from Manhattan I-495, LIE Exit 52 on Commack Road and Grand Boulevard

20 Riverhead, NY Long Island Resort Area I-495 East, LIE Exits 72 and 73

21 Blowing Rock, NC Blue Ridge Mountains Resort Area 1/2 Mile South of the Blue Ridge Parkway on US Highway 321

22 Mebane, NC Between Raleigh-Durham and Greensboro/Winston-Salem I-40/85, Exit 154

23 Nags Head, NC Outer Banks Resort Area Highway 158 Bypass at Mile Post 16

24 Columbus, OH 22 Miles Northeast of Columbus I-71 and US 36/R 37

25 Jeffersonville, OH Between Cincinnati and Columbus I-71, Exit 65

26 Hershey, PA Hershey Park Resort Area Off PA-743/Hershey Park Drive

27 Lancaster, PA Amish Country Resort Area Route 30 East

28 Pittsburgh (Washington), PA 20 Minutes South of Pittsburgh I-79, Exit 41

29 Charleston, SC Coastal Resort Area I-26, Exit 213 or 213A

30 Hilton Head, SC 31 Hilton Head Island Resort Area

I-95, SC Exit 8 onto Highway 278 2 Locations on Highway 278

32 Myrtle Beach, SC Myrtle Beach Resort Area Highway 17N at Highway 22 Veterans Highway

33 Myrtle Beach, SC Myrtle Beach Resort Area Highway 501, 3 Miles West of the Intracoastal Waterway

34 Sevierville, TN Smoky Mountain Resort Area Highway 441/Parkway at Traffic Lights #13 and #13.1

35 Fort Worth, TX I-35W & SH 114 North Fort Worth, across from

the Texas Motor Speedway

36 Houston (Texas City), TX I-45, Exit 17 to Holland Road 5885 Gulf Freeway 37 San Marcos, TX Between San Antonio and Austin I-35, Exit 200

38 Terrell, TX 30 Minutes East of Dallas I-20 at Highway 34, Exit 501

39 Park City, UT Mountain Resort Area I-80, Exit 145, West on Ute Boulevard

CANADA

40 Cookstown, ON Toronto and Lake Resort Area 3311 Simcoe Road 89, Highway 400 at Highway 89

41 Ottawa, ON Kanata, Highway 417 at Hutmar Drive

42 Bromont, QC 45 Miles East of Downtown Montreal Bromont Boulevard Interchange at Highway 10

43 Saint-Sauveur, QC 37 Miles from Montreal Exit 60 off Highway 15 North

UNITED STATES

TANGER OUTLETS COMMERCECOMMERCECOMMERCECOMMERCE                  15

Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presentlyoperates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currentlyunder construction. Tanger’s operating properties are located in 22 states coast to coast and in Canada, totaling approximately 14.8million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies. The Company hasmore than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppersannually.

TANGER OUTLETS COMMERCETANGER OUTLETS COMMERCETANGER OUTLETS COMMERCETANGER OUTLETS COMMERCE800 Steven B Tanger Blvd

Commerce, GA 30529

TANGEROUTLETS.COM