Tanger Factory Outlet Centers, Inc. announced the appointment of Michael Bilerman as the Chief Financial 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. 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.

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.