Cromwell CenterSquare Real Estate Fund - Institutional Class
MRASX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- AMG Funds I MA United States of America
- IPO Date
- Feb 24, 2017
- CIK
- 0001872253
- Website
- thecromwellfunds.com
- Similar Companies
- Business
- Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX) is an open-end mutual fund that seeks a combination of income and long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies principally engaged in the real estate industry, including primarily equity Real Estate Investment Trusts (REITs), listed Real Estate Operating Companies (REOCs), and equity securities of companies focused on the ownership, management, and/or development of income-producing and for-sale real estate; investments span a broad range of market capitalizations across subsectors such as specialized (34.9%), health care (19.9%), retail (15.9%), residential (12.1%), industrial (9.2%), office (4.6%), hotel & resort (2.5%), and diversified (0.9%) properties, with top holdings including Welltower Inc. (8.0%), American Tower Corp. (7.4%), and Equinix Inc. (6.7%), emphasizing high-quality Class A properties in leading U.S. urban and suburban markets. The Fund, which is non-diversified and maintains a portfolio turnover rate of approximately 35%, also permits up to 10% allocation to initial public offerings (IPOs) and exchange-traded funds (ETFs) primarily comprising REITs or REOCs traded on U.S. exchanges; it is sub-advised by CenterSquare Investment Management LLC, a management-owned firm with approximately $14 billion in assets under management, over 25 years of real estate securities experience, and offices in Conshohocken (Philadelphia area, headquarters), Pennsylvania; Newport Beach, California; New York; London; and Singapore. Launched with its Investor Class (MRESX) on December 31, 1997, and Institutional Class on February 24, 2017, the Fund underwent a significant reorganization on March 7, 2022, when the AMG Managers CenterSquare Real Estate Fund (a series of AMG Funds I, the Predecessor Fund) merged into it, adopting the Predecessor's performance history, financial statements, and investment objective, with prior Class N and I shares converting to Investor and Institutional Classes, respectively; additionally, Class Z shares were closed and converted to Institutional Class shares effective February 28, 2023. Headquartered with its adviser, Cromwell Investment Advisors, LLC, in Baltimore, Maryland, the Fund targets institutional and individual investors in the United States through broker-dealers and authorized intermediaries, with minimum initial investments of $100,000 for Institutional Class regular accounts ($25,000 for IRAs) and $2,000 for Investor Class regular accounts ($1,000 for IRAs). In recent developments, sub-adviser CenterSquare announced a $100 million co-investment vehicle with Temasek in February 2025 to invest in high-quality subordinate commercial real estate debt, focusing on multifamily assets amid higher-rate opportunities; in October 2025, CenterSquare agreed to sell its equity investment in Aligned Data Centers as part of a $40 billion acquisition by a consortium including BlackRock's Global Infrastructure Partners, delivering strong returns in under two years; the Fund maintained expense caps through at least April 30, 2026, at 1.02% (net 1.01%) for Institutional Class, supported by ongoing fee waivers and reimbursements.