Third & Rhode is a 6-story, mid-rise, residential property located in the Edgewood neighborhood. UIP purchased Third & Rhode in July 2015 and started an $8.1 million renovation. In-unit renovations include granite countertops, stainless steel appliances, hardwood flooring, upgraded electric and plumbing systems, in-unit washer/dryer and individually controlled heating and air conditioning. Common area improvements include a BBQ, pet run, bike storage, fitness center, community room, business center, new roof, new windows, and an upgraded lobby and hallways.