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Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Acquisitions and Dispositions Acquisitions and Dispositions

Acquisitions and dispositions for the periods presented were completed in accordance with our strategy to reposition our investment concentration among the markets in which we operate and to increase our overall investments in quality industrial projects. Transaction costs related to asset acquisitions are capitalized and transaction costs related to business combinations and dispositions are expensed.

Acquisitions

We did not acquire any buildings during the three months ended March 31, 2020. We paid cash of $76.1 million for building acquisitions during the three months ended March 31, 2019.

Dispositions
Dispositions of buildings and undeveloped land generated net cash proceeds of $27.1 million and $1.9 million during the three months ended March 31, 2020 and 2019, respectively.

During the three months ended March 31, 2020, we collected the remaining $110.0 million of principal on our outstanding notes receivable, which was related to the sale of our medical office portfolio during 2017.