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Built on a Legacy. Focused on What’s Next.

Second Street Fund was never just about buildings; it’s always been about people. Since 1954, we’ve helped tens of thousands of residents feel at home and empowered generations of teams to grow their careers in real estate. What began as Maclab Enterprises O/A Midwest Property Managment in Edmonton has evolved into a cross-border, multi-generational real estate company with operations in Canada and the United States.

Today, Second Street Fund is the natural evolution of that legacy, bringing our values forward and expanding our vision across borders and generations.

Explore Our Properties

Our Foundation

Maclab was founded on a simple idea – do the right thing and do it well. That philosophy carried us through decades of growth across Alberta and Western Canada, and it still guides us today. 

How We Started

In post-war Alberta, our founders saw a need for thoughtfully built housing and made it their mission to serve that need with care and integrity. Over the decades, Maclab became a trusted name in Canadian real estate, quietly developing a reputation for operational excellence, responsive property management, and values-based leadership.

As we expanded into new markets, that legacy traveled with us.

Background

1952

Ownership group arrived to Edmonton

1954

Formed Maclab Enterprises and built first single-family home

1960s

Shifts focus to residential multi-family development and form Midwest Property Management

1970s

Became one of the most active residential developers in Edmonton and built over 2,100 units

1980s

Maclab Enterprises became the largest residential land owner in Western Canada

1990s

Maclab Enterprises re-establishes the Land Development division and launches Maclab Hotels and Resorts

2000s

Continued expansion in Southern Alberta, British Columbia, and the Northwest Territories

2016

Maclab Enterprises is re-imagined and transitioned into two new entities: Maclab Properties Group and Midwest Property Management

2021

Legal entity transition to Second Street Fund, Inc. but continue to operate as Maclab Properties Group and Midwest Property Management

2023

Maclab Properties Group is rebranded to Second Street Fund Inc.

Who We Are Today

Though our name changed in 2023, the core of who we are hasn’t. We’ve always believed in integrity over ego, people over profits, and buildings that serve real human needs. Our portfolio includes: 

3,500+ Residential Rental Units

Multifamily, Retail, Office, and Hospitality Assets

3,500+ Residential Rental Units

What Makes Us Different

We’re Hands On

Our leadership walks the properties. Our site teams know residents by name. We lead with service and stay invested, literally and personally.

We’re Not a Private Equity Firm

We’re not here for short-term gains. We make decisions with future generations in mind with a 70-year track record to prove it.

We Are Guided By Our Values

  • Integrity. We do the right thing, even when no one’s watching. 
  • Service. We treat people with dignity, warmth, and responsiveness. 
  • Built to Last. We maintain and invest like we’re here to stay—because we are. 
  • People First. Our teams and residents come before everything else. 
Meet Our Leadership Team