SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Tanger Factory Outlet Centers, Inc.
-------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
------------------------------
(Title of Class of Securities)
875465106
-----------
(CUSIP Number)
<PAGE>
CUSIP No. 875465106 13G Page 2 or 7 Pages
================================================================================
1 | NAME OF REPORTING PERSON
| S.S. or I.R.S. Identification No. of Above Person
|
|AEW Capital Management, L.P.
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
| Delaware
|
- --------------------------------------------------------------------------------
| 5 | SOLE VOTING POWER
| | 525,300
NUMBER OF |-----------------------------------------------------------
SHARES | 6 | SHARED VOTING POWER
BENEFICIALLY | | -0-
OWNED BY |-----------------------------------------------------------
EACH | 7 | SOLE DISPOSITIVE POWER
REPORTING | | 525,300
PERSON |-----------------------------------------------------------
WITH | 8 | SHARED DISPOSITIVE POWER
| | -0-
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| 525,300
- --------------------------------------------------------------------------------
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.68%
|
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON PN
|
================================================================================
<PAGE>
CUSIP No. 875465106 13G Page 3 or 7 Pages
================================================================================
1 | NAME OF REPORTING PERSON
| S.S. or I.R.S. Identification No. of Above Person
|
|AEW Capital Management, Inc.
- --------------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC USE ONLY
|
- --------------------------------------------------------------------------------
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
| Massachusetts
|
- --------------------------------------------------------------------------------
| 5 | SOLE VOTING POWER
| | 525,300
NUMBER OF |-----------------------------------------------------------
SHARES | 6 | SHARED VOTING POWER
BENEFICALLY | | -0-
OWNED BY |-----------------------------------------------------------
EACH | 7 | SOLE DISPOSITIVE POWER
REPORTING | | 525,300
PERSON |-----------------------------------------------------------
WITH | 8 | SHARED DISPOSITIVE POWER
| | -0-
- --------------------------------------------------------------------------------
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| 525,300
- --------------------------------------------------------------------------------
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
|
- --------------------------------------------------------------------------------
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.68%
|
- --------------------------------------------------------------------------------
12 | TYPE OF REPORTING PERSON CO
|
================================================================================
<PAGE>
CUSIP No. 875465106 13G Page 4 or 7 Pages
Item 1 (a). Name of Issuer
Tanger Factory Outlet Centers, Inc.
--------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices
1400 West Northwood Street, Greensboro, NC 27408
--------------------------------------------------------------
Item 2(a). Name of Person Filing
AEW Capital Management, L.P./AEW Capital Management, Inc.
--------------------------------------------------------------
Item 2(b). Address of Principal Business Office or, if none, Residence
225 Franklin Street, Boston, MA 02110
--------------------------------------------------------------
Item 2(c). Citizenship
Delaware/Massachusetts
--------------------------------------------------------------
Item 2(d). Title of Class of Securities
Common Stock, par value $.01 per share
--------------------------------------------------------------
Item 2(e). CUSIP Number
875465106
--------------------------------------------------------------
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person is filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act,
(b) |_| Bank as defined in Section 3(a)(6) of the Act,
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act,
(d) |_| Investment Company registered under Section 8 of the Investment
Company Act,
(e) |X| Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F),
(g) |X| Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); see
Item 7,
(h) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
<PAGE>
CUSIP No. 875465106 13G Page 5 or 7 Pages
Item 4. Ownership
(a) Amount beneficially owned: 525,300 shares
(b) Percent of class: 6.68%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 525,300 shares
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
525,300 shares
(iv) shared power to dispose or to direct the disposition of: -0-
Item 5. Ownership of Five Percent or Less of a Class Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Securities Being Reported on By the Parent Holding Company
Pursuant to Rule 13d-1(b)(ii)(G) AEW Capital Management, Inc. is
filing this report because it is the general partner of AEW Capital
Management, L.P., a registered investment adviser who acts as
investment adviser to certain separate accounts which have purchased
the securities that are the subject of this filing.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
<PAGE>
CUSIP No. 875465106 13G Page 6 or 7 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct as of December 31, 1997.
AEW CAPITAL MANAGEMENT, L.P.
By: AEW Capital Management, Inc., its general partner
By: /s/ James J. Finnegan
---------------------
Name: James J. Finnegan
Title: Vice President
AEW CAPITAL MANAGEMENT, INC.
By: /s/ James J. Finnegan
---------------------
Name: James J. Finnegan
Title: Vice President
<PAGE>
CUSIP No. 875465106 13G Page 7 or 7 Pages
EXHIBIT
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning it containing therein, but shall not
be responsible for the completeness and accuracy of the information concerning
the other, except to the extent that it knows or has reason to believe that such
information is accurate.
Dated as of December 31, 1997
AEW CAPITAL MANAGEMENT, L.P.
By: AEW Capital Management, Inc., its general partner
By: /s/ James J. Finnegan
---------------------
Name: James J. Finnegan
Title: Vice President
AEW CAPITAL MANAGEMENT, INC.
By: /s/ James J. Finnegan
---------------------
Name: James J. Finnegan
Title: Vice President
