Brand name bargains are on shoppers' lists when they visit Tanger Factory Outlet Centers. One of the top outlet mall developers (along with retail giant Simon Property and its Chelsea Property Group subsidiary), Tanger is a real estate investment trust (REIT) that develops, owns, and manages about 45 retail outlet centers in 25 states and Canada. A typical center has 75 stores and totals at least 300,000 sq. ft., housing shops from more than 400 brand name companies, including The Gap, Ralph Lauren, Ann Taylor, Phillips-Van Heusen, and Nike. Tanger's outlet centers, which maintain about 99% occupancy, are built away from malls and shopping districts, so tenants don't compete with their full-price stores.