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  <xsd:element id="cto_PropertyManagementFeeTextBlock" name="PropertyManagementFeeTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ConvertibleSeniorNotes3.875PercentDue2025Member" name="ConvertibleSeniorNotes3.875PercentDue2025Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_DebtInstrumentPrincipalAmountDenominationForConversionIntoCommonStock" name="DebtInstrumentPrincipalAmountDenominationForConversionIntoCommonStock" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_SubsurfaceAreaOfPortfolioOfMineralInterest" name="SubsurfaceAreaOfPortfolioOfMineralInterest" nillable="true" type="dtr-types:areaItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" abstract="false" />
  <xsd:element id="cto_ManagementAgreementWithPineMember" name="ManagementAgreementWithPineMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ManagementServicesSegmentMember" name="ManagementServicesSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_TwoThousandTwentyFiveNotesMaturingOnApril152025Member" name="TwoThousandTwentyFiveNotesMaturingOnApril152025Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_StockRepurchaseProgramFebruary2020Member" name="StockRepurchaseProgramFebruary2020Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_TenantImprovementAllowancesAndLeasingCommissions" name="TenantImprovementAllowancesAndLeasingCommissions" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_NumberOfTenants" name="NumberOfTenants" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_EquitySecuritiesFvNiAccumulatedGrossUnrealizedLossBeforeTax" name="EquitySecuritiesFvNiAccumulatedGrossUnrealizedLossBeforeTax" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_NumberOfCommercialLoanInvestment" name="NumberOfCommercialLoanInvestment" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfTaxableReitSubsidiaries" name="NumberOfTaxableReitSubsidiaries" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_CommonStockSharesConversionRatioMerger" name="CommonStockSharesConversionRatioMerger" nillable="true" type="xbrli:pureItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_DeferredTaxBenefitDeRecognitionOfDeferredTaxAssetAssetsAndLiabilitiesIncludedInRealEstateInvestmentTrust" name="DeferredTaxBenefitDeRecognitionOfDeferredTaxAssetAssetsAndLiabilitiesIncludedInRealEstateInvestmentTrust" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_SharesAuthorized" name="SharesAuthorized" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_CreditRevolverAmendment2021Member" name="CreditRevolverAmendment2021Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_LineOfCreditFacilityAccordionFeatureAggregateMaximumBorrowingCapacity" name="LineOfCreditFacilityAccordionFeatureAggregateMaximumBorrowingCapacity" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_DeferredFinanceCostsNetRevolvingLineOfCredit" name="DeferredFinanceCostsNetRevolvingLineOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_DeferredFinanceCostsNetExcludingRevolvingLineOfCredit" name="DeferredFinanceCostsNetExcludingRevolvingLineOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_CashProceedsFromPaymentsForExerciseOfStockOptionsAndStockIssuance" name="CashProceedsFromPaymentsForExerciseOfStockOptionsAndStockIssuance" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_AtMarketOfferingProgramMember" name="AtMarketOfferingProgramMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_FollowOnPublicOfferingMember" name="FollowOnPublicOfferingMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_AlpineMember" name="AlpineMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfContributedProperties" name="NumberOfContributedProperties" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_RelatedPartyQuarterlyManagementFeePercentage" name="RelatedPartyQuarterlyManagementFeePercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_RelatedPartyTransactionPercentageOfCumulativeAnnualHurdleRate" name="RelatedPartyTransactionPercentageOfCumulativeAnnualHurdleRate" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_RelatedPartyTransactionThresholdAmountForIncentiveFeeInEachMeasurementPeriod" name="RelatedPartyTransactionThresholdAmountForIncentiveFeeInEachMeasurementPeriod" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_RelatedPartyTransactionMultiplyingFactorForCalculationOfIncentiveFee" name="RelatedPartyTransactionMultiplyingFactorForCalculationOfIncentiveFee" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_TwoThousandTwentySixTermLoanMember" name="TwoThousandTwentySixTermLoanMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_TwoThousandTwentyFiveNotesMember" name="TwoThousandTwentyFiveNotesMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_RemainingContractualCommitment" name="RemainingContractualCommitment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_IncomePropertyMultiTenantShopsAtLegacyPlanoTexasMember" name="IncomePropertyMultiTenantShopsAtLegacyPlanoTexasMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseInMitigationCreditsAndMitigationCreditRights" id="cto_IncreaseDecreaseInMitigationCreditsAndMitigationCreditRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="TwoThousandTwentySixTermLoanOneMember" id="cto_TwoThousandTwentySixTermLoanOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentySixTermLoanTwoMember" id="cto_TwoThousandTwentySixTermLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="RemainingLeaseCommitments" id="cto_RemainingLeaseCommitments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ReserveForTenantImprovements" id="cto_ReserveForTenantImprovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="TenantSecurityDeposits" id="cto_TenantSecurityDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="TwoThousandTwentySevenTermLoanMember" id="cto_TwoThousandTwentySevenTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyExchangeAtGwinnettBufordGeorgiaMember" id="cto_IncomePropertyExchangeAtGwinnettBufordGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SharesAuthorizedForPurchaseByBoard" id="cto_SharesAuthorizedForPurchaseByBoard" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="InvestmentSecuritiesNumberOfSharesOwned" id="cto_InvestmentSecuritiesNumberOfSharesOwned" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="FixedRateMortgageNoteMember" id="cto_FixedRateMortgageNoteMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNotePayableMember" id="cto_MortgageNotePayableMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GrossProceedsFromIssuanceOfCommonStock" id="cto_GrossProceedsFromIssuanceOfCommonStock" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="PreferredEquityAgreementMixedUsePropertyWattersCreekAtMontgomeryFarmAllenTexasMember" id="cto_PreferredEquityAgreementMixedUsePropertyWattersCreekAtMontgomeryFarmAllenTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InterestReserveFromCommercialLoanAndMasterLeaseInvestment" id="cto_InterestReserveFromCommercialLoanAndMasterLeaseInvestment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EquitySecuritiesFvNiInvestmentOwnershipPercentage" id="cto_EquitySecuritiesFvNiInvestmentOwnershipPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="AlpineIncomePropertyTrustInc.CommonStockAndAlpineIncomePropertyOpLpLimitedPartnershipUnitsMember" id="cto_AlpineIncomePropertyTrustInc.CommonStockAndAlpineIncomePropertyOpLpLimitedPartnershipUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AlpineIncomePropertyOpLpLimitedPartnershipUnitsMember" id="cto_AlpineIncomePropertyOpLpLimitedPartnershipUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FinancingReceivableAndNetInvestmentInLeaseAllowanceForCreditLossAndFee" id="cto_FinancingReceivableAndNetInvestmentInLeaseAllowanceForCreditLossAndFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="FinancingReceivableAndNetInvestmentInLeaseUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount" id="cto_FinancingReceivableAndNetInvestmentInLeaseUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="NumberOfPreferredEquityInvestment" id="cto_NumberOfPreferredEquityInvestment" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateExtensionTermNumberOfOption" id="cto_MortgageLoansOnRealEstateExtensionTermNumberOfOption" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateExtensionTerm" id="cto_MortgageLoansOnRealEstateExtensionTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfPreferredEquityInvestments" id="cto_NumberOfPreferredEquityInvestments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AveragePricePerShare" id="cto_AveragePricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="SharesIssuedDuringPeriodWeightedAveragePricePerShare" id="cto_SharesIssuedDuringPeriodWeightedAveragePricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfMitigationCreditsSold" id="cto_NumberOfMitigationCreditsSold" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="TwoThousandTwentyEightTermLoanMember" id="cto_TwoThousandTwentyEightTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentySevenTermLoanOneMember" id="cto_TwoThousandTwentySevenTermLoanOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentyEightTermLoanOneMember" id="cto_TwoThousandTwentyEightTermLoanOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NewTermLoanMember" id="cto_NewTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EighthAmendmentToRevolvingCreditFacilityMember" id="cto_EighthAmendmentToRevolvingCreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DebtInstrumentFaceAmountAfterAccordionOption" id="cto_DebtInstrumentFaceAmountAfterAccordionOption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DebtInstrumentVariableRateAdjustment" id="cto_DebtInstrumentVariableRateAdjustment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AtMarketOfferingProgram2022Member" id="cto_AtMarketOfferingProgram2022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgages" id="cto_InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgages" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="IncomePropertyTenantReceivablesNet" id="cto_IncomePropertyTenantReceivablesNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AtMarketOfferingProgram2022And2021Member" id="cto_AtMarketOfferingProgram2022And2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageLoansOnRealEstateFaceAmountOfMortgagesPercentageOfFundingTowardsTotalInvestment" id="cto_MortgageLoansOnRealEstateFaceAmountOfMortgagesPercentageOfFundingTowardsTotalInvestment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="StockRepurchaseProgramFebruary2023Member" id="cto_StockRepurchaseProgramFebruary2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CreditFacilityInterestRateSwapMember" id="cto_CreditFacilityInterestRateSwapMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="StockRepurchaseProgramApril2023Member" id="cto_StockRepurchaseProgramApril2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteFoundersSquareDallasTexasMember" id="cto_MortgageNoteFoundersSquareDallasTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AreaOfRealEstatePropertyAcquired" id="cto_AreaOfRealEstatePropertyAcquired" type="dtr-types:areaItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="LoanProcessingFeePercentage" id="cto_LoanProcessingFeePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateBeforeAllowancesForCreditLosses" id="cto_MortgageLoansOnRealEstateBeforeAllowancesForCreditLosses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="LondonInterbankOfferedRate30DayMember" id="cto_LondonInterbankOfferedRate30DayMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AlpineIncomePropertyTrustInc.Member" id="cto_AlpineIncomePropertyTrustInc.Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ManagementServicesFeeMember" id="cto_ManagementServicesFeeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DividendReceivableMember" id="cto_DividendReceivableMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OtherTransactionMember" id="cto_OtherTransactionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMultiTenantRockwallTexasAndIncomePropertyExchangeAtGwinnettBufordGeorgiaMember" id="cto_IncomePropertyMultiTenantRockwallTexasAndIncomePropertyExchangeAtGwinnettBufordGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PromissoryNoteMainStreetDaytonaBeachFloridaMember" id="cto_PromissoryNoteMainStreetDaytonaBeachFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredStockRepurchaseProgramFebruary2023Member" id="cto_PreferredStockRepurchaseProgramFebruary2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentyEightTermLoanTwoMember" id="cto_TwoThousandTwentyEightTermLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ProceedsFromSaleOfPropertyPlantAndEquipmentPropertyHeldForSale" id="cto_ProceedsFromSaleOfPropertyPlantAndEquipmentPropertyHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="PortfolioManagementAgreementMember" id="cto_PortfolioManagementAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TrailingDayOnBehalfOfCompanySCommonStockToBeSell" id="cto_TrailingDayOnBehalfOfCompanySCommonStockToBeSell" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AcquisitionsOfIncomePropertySubjectToLease2024Member" id="cto_AcquisitionsOfIncomePropertySubjectToLease2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMarketplaceAtSeminoleTowneCenterSanfordFloridaMember" id="cto_IncomePropertyMarketplaceAtSeminoleTowneCenterSanfordFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2024Member" id="cto_DispositionsIncomeProperties2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="HypoluxoProjectLakeWorthFlMember" id="cto_HypoluxoProjectLakeWorthFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="LeasingCommissionsAndCostsNet" id="cto_LeasingCommissionsAndCostsNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AssetManagementAgreementMember" id="cto_AssetManagementAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MaximumAuthorizedShareValueUnderProgram" id="cto_MaximumAuthorizedShareValueUnderProgram" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="RemainingAuthorizedShareValueUnderProgram" id="cto_RemainingAuthorizedShareValueUnderProgram" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="StockRepurchaseProgramDecember2023Member" id="cto_StockRepurchaseProgramDecember2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GainLossOnDisposalOfSubsurfaceInterests" id="cto_GainLossOnDisposalOfSubsurfaceInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ProceedsFromDispositionOfSubsurfaceInterests" id="cto_ProceedsFromDispositionOfSubsurfaceInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="PublicOfferingMember" id="cto_PublicOfferingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="UnderwritersOptionPeriodToExerciseGrant" id="cto_UnderwritersOptionPeriodToExerciseGrant" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PurchaseAccountingForAcquisitionsOfRealEstateSubjectToLeasePolicyTextBlock" id="cto_PurchaseAccountingForAcquisitionsOfRealEstateSubjectToLeasePolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="DepreciationOfRealEstate" id="cto_DepreciationOfRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ProceedsFromIssuanceOfCommonStockAndPreferredStockNet" id="cto_ProceedsFromIssuanceOfCommonStockAndPreferredStockNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="TwoThousandTwentyNineTermLoanMember" id="cto_TwoThousandTwentyNineTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentyNineTermLoanOneMember" id="cto_TwoThousandTwentyNineTermLoanOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandNineEightTermLoanTwoMember" id="cto_TwoThousandNineEightTermLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SeriesPreferredStockInvestmentMember" id="cto_SeriesPreferredStockInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SharesAcquiredInExchangeOfEscrowDepositClosure" id="cto_SharesAcquiredInExchangeOfEscrowDepositClosure" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageNoteRivanaAtInnovationStationPropertyHerndonVirginiaMember" id="cto_MortgageNoteRivanaAtInnovationStationPropertyHerndonVirginiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtMarketOfferingProgram2024Member" id="cto_AtMarketOfferingProgram2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SeriesCumulativeRedeemablePreferredStockMember" id="cto_SeriesCumulativeRedeemablePreferredStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfInterestAndOrRealEstateTaxReserveAccounts" id="cto_NumberOfInterestAndOrRealEstateTaxReserveAccounts" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="NumberOfConstructionLoansCommittedToFund" id="cto_NumberOfConstructionLoansCommittedToFund" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="ConstructionLoanWholeFoodsMarketAnchoredDevelopmentForsythGeorgiaMember" id="cto_ConstructionLoanWholeFoodsMarketAnchoredDevelopmentForsythGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtMarketOfferingProgram2022And2024Member" id="cto_AtMarketOfferingProgram2022And2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionAndOtherReservesFromCommercialLoansAndInvestments" id="cto_ConstructionAndOtherReservesFromCommercialLoansAndInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DepreciationAndAmortizationRealEstate" id="cto_DepreciationAndAmortizationRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DepreciationAndAmortizationOtherThanRealEstate" id="cto_DepreciationAndAmortizationOtherThanRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="InterestAndFeeIncomeLoansCommercialAndInvestments" id="cto_InterestAndFeeIncomeLoansCommercialAndInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="IncomePropertiesMember" id="cto_IncomePropertiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GainLossOnSaleOfMitigationInterests" id="cto_GainLossOnSaleOfMitigationInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AcquisitionsOfIncomePropertySubjectToLease2025Member" id="cto_AcquisitionsOfIncomePropertySubjectToLease2025Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2025Member" id="cto_DispositionsIncomeProperties2025Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfNewCommercialLoansOrInvestmentsOriginated" id="cto_NumberOfNewCommercialLoansOrInvestmentsOriginated" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomePropertyMultiTenantAshleyParkNewnanGaMember" id="cto_IncomePropertyMultiTenantAshleyParkNewnanGaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="LeaseAgreementsTerminatedMember" id="cto_LeaseAgreementsTerminatedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AccretionToIncomePropertiesForAmortizationOfLeaseIntangiblesRelatedToTerminatedLease" id="cto_AccretionToIncomePropertiesForAmortizationOfLeaseIntangiblesRelatedToTerminatedLease" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="RepaymentsOfAccruedInterest" id="cto_RepaymentsOfAccruedInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
</xsd:schema>
