SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------------
SCHEDULE 13G/A
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
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(CUSIP Number)
Page 1 of 6 Pages
<PAGE>
- ---------------------------------- ---------------------------
| CUSIP NO. 875465106 | 13G | Page 2 of 6 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 |
| | | 456,300 |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | -0- |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 456,300 |
| PERSON |--------|---------------------------------------------------|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | -0- |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 456,300 |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] |
| | SHARES* |
| | |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.77% |
| | |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON* PN |
| | |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
<PAGE>
- ---------------------------------- ---------------------------
| CUSIP NO. 875465106 | 13G | Page 3 of 6 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 |
| | | 456,300 |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | -0- |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 456,300 |
| PERSON |--------|---------------------------------------------------|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | -0- |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 456,300 |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] |
| | SHARES* |
| | |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.77% |
| | |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON* CO |
| | |
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 6 Pages
<PAGE>
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| CUSIP NO. 875465106 | 13G | Page 4 of 6 Pages |
| --------- | | --- --- |
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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 4 of 6 Pages
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| CUSIP NO. 875465106 | 13G | Page 5 of 6 Pages |
| --------- | | --- --- |
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Item 4. Ownership
(a) Amount beneficially owned: 456,300 shares
(b) Percent of class: 5.77%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 456,300 shares
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
456,300 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 5 of 6 Pages
<PAGE>
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| CUSIP NO. 875465106 | 13G | Page 6 of 6 Pages |
| --------- | | --- --- |
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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, 1998.
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 6 of 6 Pages
