GREENSBORO, N.C., Sept. 19,
2022 /PRNewswire/ -- Tanger Factory Outlet
Centers, Inc. (NYSE: SKT), a leading operator of upscale, open-air
outlet centers, announced today the appointment of Michael Bilerman as the company's EVP, Chief
Financial Officer and Chief Investment Officer. Mr. Bilerman will
leverage his significant industry knowledge and relationships as he
focuses on further enhancing the company's strategic growth
initiatives, managing the finance, capital markets and investor
relations teams and leading the company's Capital Allocation and
Investment Committees. Mr. Bilerman will report to Stephen Yalof, President and Chief Executive
Officer, and will sit on the Office of the President Leadership
Committee. Bilerman is expected to join the company in the fourth
quarter of 2022.
"We are delighted to welcome Michael
Bilerman to our Tanger Outlets executive team," said
Stephen Yalof. "Michael is an
extraordinary leader who brings a breadth of relevant experience to
this critical role for our company. We are confident he is the
right person to serve as our financial steward in support of
transformative growth opportunities and also play a leadership role
in the continued development of the Tanger financial and investment
teams."
Bilerman most recently served as Managing Director at Citi,
leading the firm's global real estate investment research
franchise, while also managing the US real estate and lodging team.
Bilerman's extensive financial experience and strong industry
relationships will enhance Tanger's position as a leader in the
retail market while also supporting the company's continued
transformation from a real estate company to a customer experience
company.
"Joining the Tanger team at such a pivotal time in the company's
extensive history is a tremendous honor and opportunity," said
Bilerman. "I have followed Tanger Outlets throughout my entire
career and long admired the company. I look forward to working with
Stephen Yalof and the entire Tanger
team to advance the company's vision, leveraging the brand's
strength and strong balance sheet to solidify and grow our position
in the market. I am honored to benefit from the experience of
Steven Tanger and the Board of
Directors."
With nearly 25 years of industry experience, Bilerman has spent
the entirety of his career in real estate and has received
significant industry, team and individual recognitions. Bilerman
started his career at Goldman Sachs, where he spent 6 years in
Investment Banking and Equity Research. For the last 18 years,
Bilerman has been at Citi where he and his team have been named to
Institutional Investor's All-America Research Team for the last 14
years, including being the #1 rated analyst team for the last 5
consecutive years. In recognition of Bilerman's impact on the
industry, he was presented with Nareit's prestigious Industry
Achievement Award in November
2020.
Bilerman received a Bachelor of Commerce from McGill University in Montreal, Canada with a double major in
finance and strategic management and is an active member of various
real estate industry professional affiliations including The Real
Estate Roundtable, Pension Real Estate Association, NYU Schack
Institute of Real Estate and Nareit.
About Tanger Factory Outlet
Centers, Inc.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a
leading operator of upscale open-air outlet centers that
owns (or has an ownership interest in) and/or manages a
portfolio of 37 centers with an additional center currently under
development. Tanger's operating properties are located in 20 states
and in Canada, totaling
approximately 14.0 million square feet, leased to
over 2,700 stores operated by more than 600 different brand
name companies. The Company has more than 41 years of experience in
the outlet industry and is a publicly-traded REIT. For more
information on Tanger Outlet Centers, call 1-800-4TANGER or visit
the Company's website at www.tangeroutlets.com.
Forward-Looking
Statements
This press 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 and includes this statement for purposes of complying
with the safe harbor provisions. 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,"
"estimate," "project," "will," "forecast" or similar expressions,
and include the company's expectations regarding Mr. Bilerman's
start date and contributions to the company and the company's
strategy.
You should not rely on forward-looking statements since they
involve known and unknown risks, uncertainties and other important
factors which are, in some cases, beyond our control and which
could materially affect our actual results, performance or
achievements. Important factors which may cause actual results to
differ materially from current expectations include, but are not
limited to, the important factors set forth under Item 1A - "Risk
Factors" in the company's Annual Report on Form 10-K for the year
ended December 31, 2021, as may be
updated or supplemented in the company's Quarterly Reports on Form
10-Q and the company's other filings with the Securities and
Exchange Commission ("SEC"). Accordingly, there is no assurance
that the company's expectations will be realized. The company
disclaims any intention or obligation to update the forward-looking
statements, whether as a result of new information, future events
or otherwise. You are advised to refer to any further disclosures
the company makes or related subjects in the company's Current
Reports on Form 8-K that the company files with the SEC.
Investor Relations Contact
Doug McDonald
SVP, Finance and Capital Markets
T: (336) 856-6066
tangerir@tangeroutlets.com
Media Contact
Kasie Wilson
KWT Global
Tanger@kwtglobal.com
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SOURCE Tanger Factory Outlet Centers, Inc.