Tanger announced that it has acquired its 38th shopping center, Asheville Outlets, as part of the continued execution of the company’s external growth strategy. Tanger acquired the center for $70M in an all-cash, off-market transaction, leveraging the company’s platform and utilizing its cash holdings and strong balance sheet to create value for all stakeholders. Asheville Outlets is the second fully owned addition to Tanger’s outlet portfolio this quarter, following the grand opening of Tanger Outlets Nashville in Tennessee last month.
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