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  <xsd:element id="cto_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationAfterYearFive" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationAfterYearFive" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_IncomePropertyTenantReceivables" name="IncomePropertyTenantReceivables" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_InfrastructureReimbursementReceivables" name="InfrastructureReimbursementReceivables" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element name="LineOfCreditFacilityExtensionPeriod" id="cto_LineOfCreditFacilityExtensionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <xsd:element id="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee" name="LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_IncreaseDecreaseInLandAndDevelopmentCosts" name="IncreaseDecreaseInLandAndDevelopmentCosts" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock" name="ScheduleOfLandAndDevelopmentCostsTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_AmortizationOfIntangibleAssetsAndLiabilities" name="AmortizationOfIntangibleAssetsAndLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_MortgageLoansOnRealEstateLoanFeesPaid" name="MortgageLoansOnRealEstateLoanFeesPaid" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_MortgageLoanOnRealEstateAccretionOfOriginationFees" name="MortgageLoanOnRealEstateAccretionOfOriginationFees" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_IncomePropertiesPolicyTextBlock" name="IncomePropertiesPolicyTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock" name="RevenueRecognitionIncomePropertiesPolicyTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock" name="RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfClosedLandTransactions" name="NumberOfClosedLandTransactions" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_OccupancyPercentage" name="OccupancyPercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_LineOfCreditFacilityContingentIncreaseAggregateMaximumBorrowingCapacity" name="LineOfCreditFacilityContingentIncreaseAggregateMaximumBorrowingCapacity" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_MitigationCredits" name="MitigationCredits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife" name="AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_LessorLeasingArrangementsOperatingLeasesRemainingTermOfContractAtAcquisitionDate" name="LessorLeasingArrangementsOperatingLeasesRemainingTermOfContractAtAcquisitionDate" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_AmortizationOfDeferredChargesFeesOnAcquisitionOfPortfolioLoans" name="AmortizationOfDeferredChargesFeesOnAcquisitionOfPortfolioLoans" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesTableTextBlock" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseAndAccretionToIncomeTableTextBlock" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseAndAccretionToIncomeTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ScheduleOfCarryingValueOfLongTermDebtInstrumentsTableTextBlock" name="ScheduleOfCarryingValueOfLongTermDebtInstrumentsTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ScheduleOfFaceValuesOfLongTermDebtInstrumentsTableTextBlock" name="ScheduleOfFaceValuesOfLongTermDebtInstrumentsTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_AmendedAndRestated2010EquityIncentivePlanMember" name="AmendedAndRestated2010EquityIncentivePlanMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_PaymentsToAcquireCommercialRealEstateIncludingAcquisitionRelatedCosts" name="PaymentsToAcquireCommercialRealEstateIncludingAcquisitionRelatedCosts" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_IncomePropertiesSegmentMember" name="IncomePropertiesSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_FiniteLivedIntangibleAssetsAndLiabilitiesNetNetAmortizationExpenseFiscalYearMaturityAbstract" name="FiniteLivedIntangibleAssetsAndLiabilitiesNetNetAmortizationExpenseFiscalYearMaturityAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ImpairmentOfLongLivedAssetsTable" name="ImpairmentOfLongLivedAssetsTable" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ImpairmentOfLongLivedAssetsLineItems" name="ImpairmentOfLongLivedAssetsLineItems" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_PrepaidExpenseDepositsAssetsAndMiscellaneousOtherAssets" name="PrepaidExpenseDepositsAssetsAndMiscellaneousOtherAssets" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_LeasesAcquiredInPlaceAndCostOfLeaseAgreementsMember" name="LeasesAcquiredInPlaceAndCostOfLeaseAgreementsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_CommercialLoanInvestmentsSegmentMember" name="CommercialLoanInvestmentsSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_RealEstateOperationsSegmentMember" name="RealEstateOperationsSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_BankOfMontrealCreditAgreementAsAmendedMember" name="BankOfMontrealCreditAgreementAsAmendedMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_DebtInstrumentCarryingAmountCurrent" name="DebtInstrumentCarryingAmountCurrent" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_InterestRateCashFlowHedgeEffectivenessPercentage" name="InterestRateCashFlowHedgeEffectivenessPercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationExpenseAndAccretionIncomeTableTextBlock" name="FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationExpenseAndAccretionIncomeTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_InterestExpenseDebtTableTextBlock" name="InterestExpenseDebtTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndNonvestedEquityInstrumentsOtherThanOptionsOutstandingRollForward" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndNonvestedEquityInstrumentsOtherThanOptionsOutstandingRollForward" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOutstandingNumber" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOutstandingNumber" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGross" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGross" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedAndEquityInstrumentsOtherThanOptionsVestedInPeriod" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedAndEquityInstrumentsOtherThanOptionsVestedInPeriod" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeitedInPeriod" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeitedInPeriod" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_SecScheduleIiiRealEstateAdditionsAndImprovements" name="SecScheduleIiiRealEstateAdditionsAndImprovements" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_LandFairValueDisclosure" name="LandFairValueDisclosure" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_BuildingsAndImprovementsFairValueDisclosure" name="BuildingsAndImprovementsFairValueDisclosure" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_InventoryRealEstateLandAndLandDevelopmentCostsOtherThanTimberAndSubsurfaceInterests" name="InventoryRealEstateLandAndLandDevelopmentCostsOtherThanTimberAndSubsurfaceInterests" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_RealEstateRevenueRecognizedCashPaymentsReceivedForReleaseOfSurfaceEntryRights" name="RealEstateRevenueRecognizedCashPaymentsReceivedForReleaseOfSurfaceEntryRights" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_ScheduleOfComponentsOfRealEstateOperationsRevenueTableTextBlock" name="ScheduleOfComponentsOfRealEstateOperationsRevenueTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_InfrastructureReimbursementReceivablesAndOtherReceivablesRelatedToRealEstateOperations" name="InfrastructureReimbursementReceivablesAndOtherReceivablesRelatedToRealEstateOperations" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_AreaOfRealEstateSegmentMember" name="AreaOfRealEstateSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ImpactFeeAndMitigationCreditSalesMember" name="ImpactFeeAndMitigationCreditSalesMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_BelowMarketLeaseIntangibleLiabilitiesFairValueDisclosure" name="BelowMarketLeaseIntangibleLiabilitiesFairValueDisclosure" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_RealEstateOperationsMember" name="RealEstateOperationsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_DeferredTenantContribution" name="DeferredTenantContribution" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_MitigationBankMember" name="MitigationBankMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_DiscountAccretionOnCommercialLoanInvestments" name="DiscountAccretionOnCommercialLoanInvestments" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_IncomeTaxExpenseBenefitIntraperiodTaxAllocationTableTextBlock" name="IncomeTaxExpenseBenefitIntraperiodTaxAllocationTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" name="DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_NumberOfSharesAwardedCalculatedBasedOnNumberOfDaysOfAveragePriceOfCommonStock" name="NumberOfSharesAwardedCalculatedBasedOnNumberOfDaysOfAveragePriceOfCommonStock" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfBusinessDaysBasedOnWhichNumberOfSharesAwardedAreCalculated" name="NumberOfBusinessDaysBasedOnWhichNumberOfSharesAwardedAreCalculated" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_DeferredCompensationArrangementWithIndividualCompensationExpenseShares" name="DeferredCompensationArrangementWithIndividualCompensationExpenseShares" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_GainLossOnDispositionOfPropertyPlantEquipmentAndIntangibleAssets" name="GainLossOnDispositionOfPropertyPlantEquipmentAndIntangibleAssets" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_FurnitureAndFixturesAndEquipmentMember" name="FurnitureAndFixturesAndEquipmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_CostsAndExpensesExcludingGainLossOnDispositionOfAssets" name="CostsAndExpensesExcludingGainLossOnDispositionOfAssets" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_ContractWithCustomerLiabilityTextBlock" name="ContractWithCustomerLiabilityTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfTenantRepurchaseOptions" name="NumberOfTenantRepurchaseOptions" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfPropertiesSold" name="NumberOfPropertiesSold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_ImputedInterestOnGroundLeaseLoan" name="ImputedInterestOnGroundLeaseLoan" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_LandJointVentureMember" name="LandJointVentureMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_PropertyManagementFeeTextBlock" name="PropertyManagementFeeTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_GolfRoundsSurchargeReceivable" name="GolfRoundsSurchargeReceivable" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <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_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_AmountOfMitigationCreditsWithCostBasis" name="AmountOfMitigationCreditsWithCostBasis" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_IncomePropertyTenantReceivablesIncreaseDecrease" name="IncomePropertyTenantReceivablesIncreaseDecrease" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <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_IncomePropertySingleTenantFidelityInvestmentsAffiliateOfAlbuquerqueNewMexicoMember" name="IncomePropertySingleTenantFidelityInvestmentsAffiliateOfAlbuquerqueNewMexicoMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyCrabbysRestaurantDaytonaBeachFloridaMember" name="IncomePropertyCrabbysRestaurantDaytonaBeachFloridaMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyLandsharkBarAndGrillDaytonaBeachFloridaMember" name="IncomePropertyLandsharkBarAndGrillDaytonaBeachFloridaMember" 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_IncomePropertyWestcliffShoppingCenterFortWorthTexasMember" name="IncomePropertyWestcliffShoppingCenterFortWorthTexasMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyMultiTenantJordanLandingWestJordanUtahMember" name="IncomePropertyMultiTenantJordanLandingWestJordanUtahMember" 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_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="DetailsOfPublicOfferingTableTextBlock" id="cto_DetailsOfPublicOfferingTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <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="MitigationCreditsSold" id="cto_MitigationCreditsSold" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" 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="IncomePropertySingleTenantOutbackAustinTexasMember" id="cto_IncomePropertySingleTenantOutbackAustinTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNetOfStockIssuanceCosts" id="cto_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNetOfStockIssuanceCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <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="IncomePropertyBeaverCreekApexNorthCarolinaMember" id="cto_IncomePropertyBeaverCreekApexNorthCarolinaMember" 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="IncomePropertyShopsAtLegacyPlanoTexasMember" id="cto_IncomePropertyShopsAtLegacyPlanoTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertySynovusWinterParkFloridaMember" id="cto_IncomePropertySynovusWinterParkFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DeferredTaxLiabilitiesMitigationCreditAssets" id="cto_DeferredTaxLiabilitiesMitigationCreditAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <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="RealEstatePropertiesNetOfDeferredTaxLiabilities" id="cto_RealEstatePropertiesNetOfDeferredTaxLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <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="EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRateExpenseBenefitPercent" id="cto_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRateExpenseBenefitPercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" 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="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="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="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="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="PreferredInvestmentWattersCreekAllenTxMember" id="cto_PreferredInvestmentWattersCreekAllenTxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyPricePlazaKatyTexasMember" id="cto_IncomePropertyPricePlazaKatyTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMadisonYardsAtlantaGeorgiaMember" id="cto_IncomePropertyMadisonYardsAtlantaGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyWestBroadVillageGlenAllenVirginiaMember" id="cto_IncomePropertyWestBroadVillageGlenAllenVirginiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyCollectionAtForsythCummingsGeorgiaMember" id="cto_IncomePropertyCollectionAtForsythCummingsGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMainstreetPortfolioDaytonaBeachFloridaMember" id="cto_IncomePropertyMainstreetPortfolioDaytonaBeachFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="MitigationCreditsSalePrice" id="cto_MitigationCreditsSalePrice" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <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="DeferredTaxLiabilitiesDebtSecuritiesAvailableForSaleUnrealizedLoss" id="cto_DeferredTaxLiabilitiesDebtSecuritiesAvailableForSaleUnrealizedLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <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="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="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="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="TwoThousandTwentyEightTermLoanTwoMember" id="cto_TwoThousandTwentyEightTermLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CapitalLossCarryforwardsUtilizationAmount" id="cto_CapitalLossCarryforwardsUtilizationAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="IncomePropertySabalPavilionTampaFloridaMember" id="cto_IncomePropertySabalPavilionTampaFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DisposalGroupNotDiscontinuedOperationGainOnDisposal" id="cto_DisposalGroupNotDiscontinuedOperationGainOnDisposal" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DisposalGroupNotDiscontinuedOperationLossOnDisposal" id="cto_DisposalGroupNotDiscontinuedOperationLossOnDisposal" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DisposalGroupNotDiscontinuedOperationImpairmentCharge" id="cto_DisposalGroupNotDiscontinuedOperationImpairmentCharge" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="MortgageNoteSabalPavilionTampaFlMember" id="cto_MortgageNoteSabalPavilionTampaFlMember" 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="EffectiveIncomeTaxRateReconciliationTaxOnCapitalGainOffsettingCapitalLossCarryforward" id="cto_EffectiveIncomeTaxRateReconciliationTaxOnCapitalGainOffsettingCapitalLossCarryforward" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EffectiveIncomeTaxRateReconciliationTaxOnCapitalGainOffsettingCapitalLossCarryforwardPercent" id="cto_EffectiveIncomeTaxRateReconciliationTaxOnCapitalGainOffsettingCapitalLossCarryforwardPercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PortfolioManagementAgreementMember" id="cto_PortfolioManagementAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyPlazaAtRockwallRockwallTxMember" id="cto_IncomePropertyPlazaAtRockwallRockwallTxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteFoundersSquareDallasTxMember" id="cto_MortgageNoteFoundersSquareDallasTxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PromissoryNoteMainStreetDaytonaBeachFlMember" id="cto_PromissoryNoteMainStreetDaytonaBeachFlMember" 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="StockRepurchaseProgramFebruary2023AndApril2023Member" id="cto_StockRepurchaseProgramFebruary2023AndApril2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="NumberOfOutparcelLocations" id="cto_NumberOfOutparcelLocations" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="DiscountOnFinancingReceivables" id="cto_DiscountOnFinancingReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <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="IncomePropertyVacantLandParcelAdjacentWestBroadVillageRichmondVirginiaMember" id="cto_IncomePropertyVacantLandParcelAdjacentWestBroadVillageRichmondVirginiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="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="IncomePropertySantaFeNewMexicoMember" id="cto_IncomePropertySantaFeNewMexicoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyThreePropertyPortfolioMember" id="cto_IncomePropertyThreePropertyPortfolioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyThreePropertyPortfolioCarolinaPavilionInCharlotteNorthCarolinaMember" id="cto_IncomePropertyThreePropertyPortfolioCarolinaPavilionInCharlotteNorthCarolinaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyThreePropertyPortfolioMilleniaCrossingInOrlandoFloridaMember" id="cto_IncomePropertyThreePropertyPortfolioMilleniaCrossingInOrlandoFloridaMember" 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="EffectiveIncomeTaxRateContinuingOperationsAndDiscontinuedOperationsPercent" id="cto_EffectiveIncomeTaxRateContinuingOperationsAndDiscontinuedOperationsPercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="ConstructionLoanHypoluxoLakeWorthFlMember" id="cto_ConstructionLoanHypoluxoLakeWorthFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyGranadaPlazaAtDunedinFloridaMember" id="cto_IncomePropertyGranadaPlazaAtDunedinFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionLoanWholeFoodsMarketAnchoredDevelopmentForsythGeorgiaMember" id="cto_ConstructionLoanWholeFoodsMarketAnchoredDevelopmentForsythGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AmortizationOfAboveAndBelowMarketLeasesOutOfPeriodAdjustment" id="cto_AmortizationOfAboveAndBelowMarketLeasesOutOfPeriodAdjustment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AmortizationOfAboveAndBelowMarketLeasesAccelerationOfAmortizationLeaseTerminations" id="cto_AmortizationOfAboveAndBelowMarketLeasesAccelerationOfAmortizationLeaseTerminations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AmortizationOfAboveAndBelowMarketLeasesBasedOnUsefulLife" id="cto_AmortizationOfAboveAndBelowMarketLeasesBasedOnUsefulLife" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="IncomePropertyMarketplaceAtSeminoleTowneCenterSanfordFlMember" id="cto_IncomePropertyMarketplaceAtSeminoleTowneCenterSanfordFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyCarolinaPavilionCharlotteNcMember" id="cto_IncomePropertyCarolinaPavilionCharlotteNcMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyLakeBrandonVillageTampaFlMember" id="cto_IncomePropertyLakeBrandonVillageTampaFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMilleniaCrossingOrlandoFlMember" id="cto_IncomePropertyMilleniaCrossingOrlandoFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNotesPayableUnderCmbsPortfolioMember" id="cto_MortgageNotesPayableUnderCmbsPortfolioMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertySingleTenantMember" id="cto_IncomePropertySingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OtherIncomePropertiesMember" id="cto_OtherIncomePropertiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyMultiTenantedHendersonNevadaMember" id="cto_IncomePropertyMultiTenantedHendersonNevadaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="O2024Q1DividendsMember" id="cto_O2024Q1DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyThreePropertyPortfolioLakeBrandonVillageInTampaFloridaMember" id="cto_IncomePropertyThreePropertyPortfolioLakeBrandonVillageInTampaFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="O2024Q2DividendsMember" id="cto_O2024Q2DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="O2021Q3DividendsMember" id="cto_O2021Q3DividendsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateImpairmentAndCurrentExpectedCreditLossesReserve" id="cto_SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateImpairmentAndCurrentExpectedCreditLossesReserve" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <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="AcquisitionsIncomeProperties2022MultiTenantMember" id="cto_AcquisitionsIncomeProperties2022MultiTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AcquisitionsIncomeProperties2022SingleTenantMember" id="cto_AcquisitionsIncomeProperties2022SingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SubsurfaceOtherMember" id="cto_SubsurfaceOtherMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredStockAtMarketProgram2024Member" id="cto_PreferredStockAtMarketProgram2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionOfSubsurfaceInterestsConsiderationTransferred" id="cto_DispositionOfSubsurfaceInterestsConsiderationTransferred" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="SubsurfaceInterestsSubsurfaceOilGasAndMineralRightsMember" id="cto_SubsurfaceInterestsSubsurfaceOilGasAndMineralRightsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FederalStatutoryIncomeTaxRatePercent" id="cto_FederalStatutoryIncomeTaxRatePercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
</xsd:schema>
