Add-on Acquisition • Real Estate

Tanger Acquires Legends Outlets

On September 16, 2025, Tanger acquired real estate company Legends Outlets

Acquisition Context

This is Tanger’s 1st transaction in the Real Estate sector.
This is Tanger’s 1st transaction in the United States.
This is Tanger’s 1st transaction in Kansas.

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M&A Deal Summary
Date	September 16, 2025
Target	Legends Outlets
Sector	Real Estate
Buyer(s)	Tanger
Deal Type	Add-on Acquisition

Target Company

Legends Outlets

Kansas City, Kansas, United States

Legends Outlets is an outdoor shopping and entertainment destination, and the designer outlet mall in the area. Legends Outlets is based in Kansas City, Kansas.

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Buyer Overview 1

Buyer

Tanger

Greensboro, North Carolina, United States

Category	Company
Sector	Real Estate
Employees	262
Revenue	526M USD (2024)

DESCRIPTION

Tanger is a publicly-traded REIT owns and operates an ownership interest in a portfolio of 37 upscale outlet shopping centers in 25 states coast-to-coast totaling approximately 11.4 million square feet leased to over 2,300 stores that are operated by more than 390 different brand name companies. Tanger is based in Greensboro, North Carolina.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Real Estate	1 of 1
Type: Add-on Acquisition	1 of 1
State: Kansas	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1

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