Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
Redemption of Membership Units in OP ("OP Units") — Holders of OP Units have the right to require the OP to redeem all or a portion of their OP Units for cash or, at our option, shares of our class A common stock on a one-for-one basis. During the three months ended June 30, 2020 , we issued 184,395 shares of our class A common stock to an educational institution pursuant to a redemption request for the same number of OP Units. Such shares of class A common stock were issued in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended.
Purchases of Equity Securities by Issuer and Affiliated Purchasers
The Company's common stock repurchase program expired in May 2020. There were no purchases by the Company of its class A common stock in the second quarter of 2020.
Item 3.
Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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