NYSE:SKTRetail REITs
The Bull Case For Tanger (SKT) Could Change Following Cash Purchase Of Market-Dominant Levis Commons
Tanger recently acquired The Town Center at Levis Commons, a 300,000-square-foot, 97% occupied open-air lifestyle center in the Perrysburg submarket of Toledo, Ohio, for about US$60,000,000 using cash and available liquidity.
This deal adds a fourth full-price, market-dominant lifestyle center anchored by brands like Anthropologie, Sephora, Lululemon, and Cinemark, further tilting Tanger’s portfolio toward high-traffic, mixed-use retail destinations.
We’ll now examine how adding a...