Residential Accommodation around the fringes of Palmerston North’s CBD is another investment portfolio of the Trust.  With a small, but healthy portfolio of around 25 residential homes of varying age, these residential homes complement the rest of the property portfolio and have a very low vacancy rate throughout the year.  Offering a mix of student and family homes and located in popular streets within short walking distance to the CBD, the rental houses provide a good return for the Trust.