Tanger achieves 20th LEED-certified shopping
center, and Tanger centers across the U.S. are recognized as
StormReady® and WELL Health-Safety Rated
Tanger® (NYSE: SKT), a leading owner and operator of
outlet and open-air retail shopping destinations, has earned
additional recognition from national certification programs for
taking steps to address climate change and enhance well-being at
its centers. With these actions, Tanger now has achieved LEED
certification for 20 centers, or 58% of its owned and managed
portfolio by gross leasable area. Additionally, Tanger has expanded
recognition of its centers as StormReady® and WELL Health-Safety
Rated.
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Tanger Outlets Nashville is the 20th
Tanger shopping center to achieve LEED certification. The open-air
outlet center in Nashville, Tennessee, which opened last year, was
designed with extensive features – like on-site solar energy
infrastructure – that help to address the impacts of climate change
and enhance community well-being, in support of Tanger’s overall
sustainability commitments. Photo credit: Tanger
“As a key part of Tanger’s mission, we strive to deliver the
best experience for all who shop, dine and work in and around our
shopping destinations. Providing for the well-being of our
communities through sustainable, healthy operations is a vital part
of that commitment,” said Jessica Norman, Executive Vice President,
General Counsel and Secretary for Tanger, who oversees the
company’s environmental, social, and governance program and
disclosures.
“These recognitions from respected benchmark programs verify the
steps we’ve taken to prepare our centers for the impacts of a
changing climate and have positioned us to better serve the needs
of our communities, in keeping with our core value to consider our
communities first.”
LEED
Tanger Outlets Nashville in Tennessee has achieved LEED Silver®
certification for Building Design and Construction (BD+C): Core and
Shell Development from the U.S. Green Building Council. LEED® is
the world's most widely used green building rating system,
recognizing best-in-class building strategies and practices. With
this certification, Tanger Nashville becomes the 20th shopping
center in Tanger’s portfolio to be certified in the LEED program
and Tanger’s third retail development to achieve BD+C certification
for addressing carbon impacts in the design and construction
process.
Tanger Nashville’s transformational design supports
sustainability through on-site solar energy production, water use
reduction systems, low-emitting materials, lighting controls,
electric vehicle charging, and more. The center fosters engagement
and well-being through ease of access, walkability, green and
gathering spaces, an extensive mural arts program, and restaurants,
retail brands, and experiences that celebrate the local culture and
community.
Opened in October 2023, the development has also helped to
revitalize the Southeast Nashville community that surrounds it,
fueling job creation, economic health, and business growth in the
area. Earlier this year, the Nashville chapter of the Urban Land
Institute recognized Tanger Nashville with a 2024 Excellence in
Development Award for being one of the best and most innovative
projects in the region and for its positive impacts on the
community.
Tanger Nashville will next pursue LEED Gold® for Operations and
Maintenance (O+M) certification, as will Bridge Street Town Centre,
Tanger’s open-air lifestyle shopping destination in Huntsville,
Alabama. Tanger has 18 other shopping centers that have achieved
LEED Gold O+M certification (one of which also achieved BD+C
certification), reflecting Tanger’s deep commitment to
best-in-class, sustainable operations across its portfolio.
StormReady
Tanger has also taken steps to mitigate the potential impacts of
severe weather on its operations, for the benefit of all who work
and shop at its centers. Tanger partners with the U.S. Department
of Commerce and National Weather Service to ensure its shopping
centers are “StormReady” and has been recognized as a Weather-Ready
Nation Ambassador of the National Oceanic and Atmospheric
Association. These programs help communities strengthen local
safety programs and preparation skills needed to protect lives and
property in extreme weather and water events.
The scenario-specific Weather-Ready plans Tanger maintains at
its centers have helped its local team members remain safe and
mitigate property damage during events like this year’s devastating
hurricanes. In the wake of Hurricane Helene, Tanger’s center in
Asheville, North Carolina, was well prepared to support the
community, hosting emergency responders on-site and quickly
restoring business operations to serve residents and business
partners.
WELL Health and Safety
As part of its commitment to the well-being of people at its
centers, Tanger achieved and has maintained the WELL Health-Safety
Rating for Facility Operations and Management for all the shopping
centers it owned and managed in the U.S. in 2022. This year, Tanger
Outlets Nashville also achieved this Rating, and the two newest
additions to Tanger’s portfolio, in Huntsville, AL, and Asheville,
NC, are expected to achieve it in 2025.
A component of the International WELL Building Institute’s WELL
Building Standard, the WELL Health-Safety Rating recognizes owners
and operators like Tanger that prioritize the health and safety of
their team members, visitors, and stakeholders. Tanger also
participates in the WELL at Scale program to maintain its WELL
Ratings more efficiently and benchmark its health and well-being
efforts across the portfolio.
For more information about Tanger’s commitments to people,
planet, and communities, please see the company’s 2023
Environmental, Social, and Governance Report, available on its
investor relations website at
investors.tanger.com/corporate-responsibility.
About Tanger®
Tanger Inc. (NYSE: SKT) is a leading owner and operator of
outlet and open-air retail shopping destinations, with over 43
years of expertise in the retail and outlet shopping industries.
Tanger’s portfolio of 38 outlet centers, one adjacent managed
center, and one open-air lifestyle center includes over 15 million
square feet well positioned across tourist destinations and vibrant
markets in 20 U.S. states and Canada. A publicly traded REIT since
1993, Tanger continues to innovate the retail experience for its
shoppers with over 3,000 stores operated by more than 700 different
brand name companies. For more information on Tanger, call
1-800-4TANGER or visit tanger.com.
The Company uses, and intends to continue to use, its Investor
Relations website, which can be found at investors.tanger.com, as a
means of disclosing material nonpublic information and for
complying with its disclosure obligations under Regulation FD.
Additional information about the Company can also be found through
social media channels. The Company encourages investors and others
interested in the Company to review the information on its Investor
Relations website and on social media channels. The information
contained on, or that may be accessed through, our website or
social media platforms is not incorporated by reference into, and
is not a part of, this document.
Forward-Looking Statements
This release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements, which are based on certain
assumptions and describe the Company's future plans, strategies and
expectations, are generally identifiable by use of the words
"believe," "expect," "intend," "anticipate," or similar
expressions.
These forward-looking statements are based upon the beliefs and
expectations of management at the time of this release. You should
not rely on forward-looking statements since they involve known and
unknown risks and uncertainties which could cause actual results to
differ materially from those presented in the forward-looking
statements. Please refer to the documents filed by the Company with
the SEC, including specifically the "Risk Factors" sections of the
Company's Annual Report on Form 10-K for the year ended December
31, 2023, and the Company's other filings with the SEC, which
identify additional factors that could cause actual results to
differ from those contained in forward-looking statements. The
Company does not undertake any obligation to update these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121075293/en/
Media Contact Kasie Wilson
KWT Global Tanger@kwtglobal.com Investor
Relations Contact Doug McDonald SVP, Treasurer and
Investments (336) 856-6066 TangerIR@tanger.com
Tanger (NYSE:SKT)
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