Sunset Valley
A retail center ages in layers: the original roof, the repairs, the tenant units and the years of foot traffic on top. Sunset Valley, TX is an enclave about 5 miles southwest of downtown Austin, surrounded by Austin, with 683 residents in 2020. In 1990 the city approved a 60-acre retail center, and commercial development has increased in recent years. A center whose planning dates to that decade is a roof inventory with several ages in it, and an owner there needs to know which sections have served their time and which still have service left before the budget year closes.
We start by reading what is actually on the roof, not what the lease file says.