OVERVIEW ADDRESS GROSS LEASABLE AREA DAILY TRAFFIC COUNT MAJOR CITIES POPULATION

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MARKET OVERVIEW Home to sports teams in the NBA, MLB, NFL, NHL, MLS, WNBA, WMLS, as well as the National Mall, nine free admission Smithsonian Museums, the National Zoo and 5 large, class A concert

2 MARKET OVERVIEW Home to sports teams in the NBA, MLB, NFL, NHL, MLS, WNBA, WMLS, as well as the National Mall, nine free admission Smithsonian Museums, the National Zoo and 5 large, class A concert venues. Washington, DC, the nation's capital, ranks #1 in number of Fortune 500 companies per capita, with the metro area ranking 4th out of the top 10 cities in number of federal employees. The area attracts destination tourists, spending $6 billion, with only 70% coming from within the US. It is the seventh most popular destination for overseas visitation in the US. Three airports see 177,000 travelers daily. The MSA has a stable housing market and has the highest 10 year home appreciation rate in the county (76%). The cost of living is 17% greater than the national average, ranked #8 only behind cities in CA and NY. First in the US in educational attainment, 46.8% have a bachelor's degree or greater, nearly double the national average. MGM Casino opened its doors in National Harbor in late 2016 with 303 hotel rooms, 27,000sf of meeting space, 15 restaurants, 3600 slots, 160 table games and a 3600 seat theater. The complex is less than a quarter mile from the center. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 2

ADDRESS 6800 Oxon Hill Road National Harbor, MD 20745 GROSS LEASABLE AREA 341,156 SF DAILY TRAFFIC COUNT I-95 / 176,330 OVERVIEW MAJOR CITIES Alexandria, VA (2.

3 ADDRESS 6800 Oxon Hill Road National Harbor, MD GROSS LEASABLE AREA 341,156 SF DAILY TRAFFIC COUNT I-95 / 176,330 OVERVIEW MAJOR CITIES Alexandria, VA (2.5 miles) Washington DC, (8 miles) Baltimore, MD (40 miles) POPULATION (60 Miles) / 8,949,979 National Harbor is the premiere lifestyle destination in the D.C. metro area, bringing together recreation, work, living and entertainment. It is an exciting, sprawling community that includes fine restaurants, stunning office space and lavish residences. The community also features Gaylord National Resort and Convention Center, the largest hotel in the D.C. area. MSA Population 5,941,189 - Washington-Arlington- Alexandria, DC-VA-MD-WV TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 3

4 GALLERY TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 4

5 LOCATION The center is conveniently located off I-495 & I-295 REGIONAL MAP LOCAL MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 5

6 CENTER MAP SERVICE LEGEND SHOPPER SERVICES PURCHASE GIFT CARDS VENDING MACHINE MOTHERS ROOM U UBER PICK UP/DROP OFF CHILDREN S PLAY AREA ATM STROLLER & WHEELCHAIR RESTROOMS BUS CHECK-IN T TAXI PICK UP/DROP OFF FREE WI-FI CENTERWIDE COUPON BOOKS RESTAURANT/FOOD FAMILY RESTROOMS NATIONAL HARBOR CIRCULATOR BUS MALL OFFICE Potomac River Heritage Visitors Center SHOPPER SERVICES B 240A T U TANGER OUTLETS NATIONAL HARBOR 6800 Oxon Hill Road National Harbor, MD TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 6

7 AERIAL Tanger Outlets National Harbor is accessible from the Capital Beltway, I-95, I-495, and the Woodrow Wilson Bridge, minutes from all three major airports. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 7

8 MARKET SNAPSHOT AERIAL TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 8

9 RETAIL SNAPSHOT MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 9

10 MARKET SNAPSHOT MAP TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 10

11 0-60 MILES DEMOGRAPHICS 3,340,821 Households STATISTICS 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Population 313,858 1,433,919 5,309,348 7,654,188 8,949,979 Households 128, ,518 1,991,522 2,851,100 3,340,821 Families 73, ,356 1,246,285 1,820,270 2,153,213 Median Age Avg Household Income $104,003 $113,427 $127,131 $119,520 $115,807 $115,807 Avg. Household Income HOUSEHOLD INCOME 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES Less than $15, % 9.1 % 6.0 % 6.9 % 7.0 % $15,000-$24, % 5.9 % 4.5 % 5.2 % 5.4 % $25,000-$34, % 6.1 % 5.1 % 5.7 % 6.0 % $35,000-$49, % 9.2 % 8.3 % 8.8 % 9.1 % $50,000-$74, % 15.2 % 14.9 % 15.2 % 15.5 % $75,000-$99, % 13.3 % 13.2 % 13.0 % 13.2 % $100,000-$149, % 18.8 % 20.4 % 19.7 % 19.5 % $150, % 31.8 % 36.3 % 33.9 % 32.8 % AGE DISTRIBUTION 0-5 MILES 0-10 MILES 0-30 MILES 0-45 MILES 0-60 MILES 0-14yrs 18.7 % 15.9 % 18.5 % 18.8 % 18.7 % 15-24yrs 12.1 % 13.0 % 12.6 % 12.7 % 12.7 % 25-44yrs 29.6 % 34.4 % 29.7 % 28.9 % 28.3 % 45-64yrs 25.7 % 24.2 % 26.2 % 26.4 % 26.5 % 65+ yrs 13.9 % 12.5 % 13.1 % 13.3 % 13.8 % 2,153,213 Families 37.8 Median Age 8,949,979 Population TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 11

1% ZIP CODE STUDIES MARKET AREA 7/5/2018 3/23/2018 12/14/2017 8/14/2017 Alexandria, VA 5 2 7 3 Arlington, VA 4 1 0 5

12 SALES & TRAFFIC SEASONALITY JAN FEB MAR APR MAY JUN 4.5% 5.4% 7.8% 8% 9.1% 9.2% JUL AUG SEP OCT NOV DEC 8.6% 9.3% 8.6% 7.6% 9.7% 12.1% ZIP CODE STUDIES MARKET AREA 7/5/2018 3/23/ /14/2017 8/14/2017 Alexandria, VA Arlington, VA Baltimore, MD Charles County, MD Other MD Other US Other VA Prince George's County Washington, DC TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 12

13 SHOPPER SNAPSHOT SHOPPER PROFILE National Harbor/Washington DC Portfolio Females 66% 75% Average Age Average Household Income $98,997 $91,837 Race-Caucasian 27% 71% Race-Hispanic or Latino 11% 5% Race - African American 22% 7% Race - Asian 22% 7% Marital Status- married 55% 73% Local Resident Shoppers 61% 58% Tourist (self-defined) 29% 42% GENERAL SHOPPING PATTERNS National Harbor/Washington DC Portfolio Shopping Frequency (trips per yr) Percentage of First Time Visitors 35% 17% Avg # of Stores Visited Avg # of Stores Purchased In % of shoppers making a purchase 98% 95% Length of Shopping Visit 133 minutes 129 minutes Average Size of Shopping Party Average Shopping Expenditure $317 $243 Average Perceived Savings 34% 36% TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 13

14 TANGER S REPUTATION WITHIN THE INDUSTRY CONTINUES TO DRIVE TENANT DEMAND FOR SPACE IN TANGER CENTERS CORPORATE HEADQUARTERS Greensboro, NC LOCATIONS 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. CENTER LISTING ON NEXT PAGE TANGER OUTLETS NATIONAL TANGER HARBOR/WASHINGTON OUTLETS GRAND RAPIDS DC 13 14

LOCATION LISTING Southaven Mississippi UNITED STATES 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

15 LOCATION LISTING Southaven Mississippi UNITED STATES 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 Locust Grove, GA Between Atlanta and Macon I-75, Exit Savannah, GA Southwest Quadrant of I-95 and Pooler Parkway 9 Williamsburg, IA Between Des Moines and Iowa City I-80, Exit Gonzales, LA Between New Orleans and Baton Rouge I-10 at Highway 30, Exit National Harbor, MD 8 Miles Southeast of Washington, D.C. I-95/495 and I 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 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 Tilton, NH Lakes Region Resort Area I-93, Left off Exit 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 Blowing Rock, NC Blue Ridge Mountains Resort Area 1/2 Mile South of the Blue Ridge Parkway on US Highway Mebane, NC Between Raleigh-Durham and Greensboro/Winston-Salem I-40/85, Exit Nags Head, NC Outer Banks Resort Area Highway 158 Bypass at Mile Post Columbus, OH 22 Miles Northeast of Columbus I-71 and US 36/R Jeffersonville, OH Between Cincinnati and Columbus I-71, Exit 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 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 Locations on Highway 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 # 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 Terrell, TX 30 Minutes East of Dallas I-20 at Highway 34, Exit 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 Ottawa, ON Kanata, Highway 417 at Hutmar Drive 42 Bromont, QC 45 Miles East of Downtown Montreal Bromont Boulevard Interchange at Highway Saint-Sauveur, QC 37 Miles from Montreal Exit 60 off Highway 15 North TANGER OUTLETS NATIONAL TANGER HARBOR/WASHINGTON OUTLETS GRAND RAPIDS DC 14 15

16 Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currently under construction. Tanger s operating properties are located in 22 states coast to coast and in Canada, totaling approximately 14.8 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies. The Company has more than 36 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 188 million shoppers annually. TANGER OUTLETS NATIONAL HARBOR/WASHINGTON DC 6800 Oxon Hill Road National Harbor, MD TANGEROUTLETS.COM

OVERVIEW ADDRESS GROSS LEASABLE AREA DAILY TRAFFIC COUNT MAJOR CITIES POPULATION

OVERVIEW ADDRESS GROSS LEASABLE AREA DAILY TRAFFIC COUNT MAJOR CITIES POPULATION MARKET OVERVIEW Commerce, Georgia is an impressive commercial district located on the US 441 Heritage Highway. Shopping, restaurants and other regional attractions convey relaxed southern charm. The area