Tanger Outlet Centers and The Peterson Companies Announce Joint Venture to Develop Tanger Outlets at National Harbor

Tanger Factory Outlet Centers, Inc., SKT and The Peterson Companies announced today that they have entered into an agreement to form an exclusive joint venture for the development, management and leasing of Tanger Outlets at National Harbor. National Harbor, the Washington, DC metro area's premier waterfront resort destination, includes fine restaurants, distinctive retail, office and residences, and a number of world-class hotels including the Gaylord National Resort and Convention Center. Developed by The Peterson Companies, National Harbor comprises 350 acres of prime real estate along the scenic Potomac River in Prince George's County, MD.  "The addition of Tanger Outlet Centers is a significant milestone in the ongoing evolution of National Harbor," stated Milt Peterson, Founder and Chairman of The Peterson Companies. "Their relationships with leading national brands and experience in creating first-class retail destinations are a tremendous complement to the existing retail, restaurant and resort offerings at National Harbor."