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  <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="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <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_MitigationCreditsPolicyTextBlock" name="MitigationCreditsPolicyTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" 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_AggregateCostOfSalesOfCredits" name="AggregateCostOfSalesOfCredits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_OperatingUnitsMember" name="OperatingUnitsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax" name="EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <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_MortgageNote4311MapleAvenueDallasTxMember" name="MortgageNote4311MapleAvenueDallasTxMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_InventoryRealEstateSubsurfaceInterests" name="InventoryRealEstateSubsurfaceInterests" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_NumberOfTaxableReitSubsidiaries" name="NumberOfTaxableReitSubsidiaries" nillable="true" type="xbrli:integerItemType" 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_IncomePropertyMultiTenantCrossroadsTowneCenterChandlerArizonaMember" name="IncomePropertyMultiTenantCrossroadsTowneCenterChandlerArizonaMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyPartyCityCorporationOceansideNewYorkMember" name="IncomePropertyPartyCityCorporationOceansideNewYorkMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyMultiTenantAshfordLaneAtlantaGeorgiaMember" name="IncomePropertyMultiTenantAshfordLaneAtlantaGeorgiaMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyStrandJacksonvilleFloridaMember" name="IncomePropertyStrandJacksonvilleFloridaMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_RealEstateAcquiredPurchasePrice" name="RealEstateAcquiredPurchasePrice" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_MortgageNotesPayableUnderCmbsPortfolioMember" name="MortgageNotesPayableUnderCmbsPortfolioMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertySingleTenantMember" name="IncomePropertySingleTenantMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_RestrictedCashEscrowAccountMember" name="RestrictedCashEscrowAccountMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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 name="MitigationCreditRights" id="cto_MitigationCreditRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="MitigationCreditAndMitigationCreditRights" id="cto_MitigationCreditAndMitigationCreditRights" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <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="SubsurfaceRevenueLandSalesMember" id="cto_SubsurfaceRevenueLandSalesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertySingleTenantOutbackAustinTexasMember" id="cto_IncomePropertySingleTenantOutbackAustinTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="TwoThousandTwentySevenTermLoanTwoMember" id="cto_TwoThousandTwentySevenTermLoanTwoMember" 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="AcquisitionsOfIncomePropertySubjectToLease2022Member" id="cto_AcquisitionsOfIncomePropertySubjectToLease2022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="DispositionsIncomeProperties2022Member" id="cto_DispositionsIncomeProperties2022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2022SingleTenantMember" id="cto_DispositionsIncomeProperties2022SingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2022MultiTenantMember" id="cto_DispositionsIncomeProperties2022MultiTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMultiTenantKatyTexasMember" id="cto_IncomePropertyMultiTenantKatyTexasMember" 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="ConstructionLoanExchangeAtGwinnettBufordGeorgiaMember" id="cto_ConstructionLoanExchangeAtGwinnettBufordGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="MortgageLoansOnRealEstateNet" id="cto_MortgageLoansOnRealEstateNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostNet" id="cto_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ProceedsFromIssuanceOfCommonStockNet" id="cto_ProceedsFromIssuanceOfCommonStockNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <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="RestrictedCashEscrowAccountInConnectionWithReservesForCommercialLoansAndInvestmentsMember" id="cto_RestrictedCashEscrowAccountInConnectionWithReservesForCommercialLoansAndInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfAdditionalSharesReceived" id="cto_NumberOfAdditionalSharesReceived" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" 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="ConstructionLoanForRestaurantProjectAtlantaGeorgiaMember" id="cto_ConstructionLoanForRestaurantProjectAtlantaGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="SubsurfaceInterestsSoldAreaOfLand" id="cto_SubsurfaceInterestsSoldAreaOfLand" type="dtr-types:areaItemType" 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="LoansReceivable" id="cto_LoansReceivable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <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="DispositionsIncomeProperties2022ChuySSingleTenantMember" id="cto_DispositionsIncomeProperties2022ChuySSingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2022FirebirdsSingleTenantMember" id="cto_DispositionsIncomeProperties2022FirebirdsSingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2022245RiversideMultiTenantMember" id="cto_DispositionsIncomeProperties2022245RiversideMultiTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="TwoThousandTwentyFiveShareRepurchaseProgramMember" id="cto_TwoThousandTwentyFiveShareRepurchaseProgramMember" 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="DispositionsIncomeProperties2023Member" id="cto_DispositionsIncomeProperties2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AcquisitionsOfIncomePropertySubjectToLease2023Member" id="cto_AcquisitionsOfIncomePropertySubjectToLease2023Member" 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="LessorLeasingArrangementsOperatingLeasesNumberOfTenants" id="cto_LessorLeasingArrangementsOperatingLeasesNumberOfTenants" type="xbrli:integerItemType" 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="MortgageLoanOnRealEstateInterestOnlyTerm" id="cto_MortgageLoanOnRealEstateInterestOnlyTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ContractForAcquisitionsOfRemainingPortionOfIncomePropertyExchangeAtGwinnettBufordGeorgiaMember" id="cto_ContractForAcquisitionsOfRemainingPortionOfIncomePropertyExchangeAtGwinnettBufordGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="TeamLoans2028Member" id="cto_TeamLoans2028Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TeamLoans2026Member" id="cto_TeamLoans2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CreditFacilityOneMember" id="cto_CreditFacilityOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CreditFacilityTwoMember" id="cto_CreditFacilityTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CreditFacilityThreeMember" id="cto_CreditFacilityThreeMember" 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="AssetsHeldForSalePolicyPolicyTextBlock" id="cto_AssetsHeldForSalePolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomePropertyMultiTenantRockwallTexasMember" id="cto_IncomePropertyMultiTenantRockwallTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyOutparcelCorporationHendersonNevadaMember" id="cto_IncomePropertyOutparcelCorporationHendersonNevadaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GainLossOnExtinguishmentOfContingentObligation" id="cto_GainLossOnExtinguishmentOfContingentObligation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ExtinguishmentOfContingentObligationToFundTenantImprovements" id="cto_ExtinguishmentOfContingentObligationToFundTenantImprovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <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="StockIssuedDuringPeriodValueStockSplits" id="cto_StockIssuedDuringPeriodValueStockSplits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="IncomePropertyLandParcelAdjacentForsythPropertyAtlantaGeorgiaMember" id="cto_IncomePropertyLandParcelAdjacentForsythPropertyAtlantaGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertySingleTenantRestonVirginiaMember" id="cto_IncomePropertySingleTenantRestonVirginiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyShoppingCenterFortWorthTexasMember" id="cto_IncomePropertyShoppingCenterFortWorthTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyWestlandGatewayPlazaFlMember" id="cto_IncomePropertyWestlandGatewayPlazaFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwoThousandTwentySixTermLoanThreeMember" id="cto_TwoThousandTwentySixTermLoanThreeMember" 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="DisposalGroupIncludingDiscontinuedOperationAccruedAndOtherLiabilities" id="cto_DisposalGroupIncludingDiscontinuedOperationAccruedAndOtherLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseLiabilities" id="cto_DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationProvisionForImpairment" id="cto_DisposalGroupIncludingDiscontinuedOperationProvisionForImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
</xsd:schema>
