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  <xsd:element id="cto_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFour" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFour" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFive" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFive" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <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_RestrictedShareAwardEmployeeBenefitTerminationPeriod" name="RestrictedShareAwardEmployeeBenefitTerminationPeriod" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageGrantDateFairValue" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageGrantDateFairValue" nillable="true" type="dtr-types:perShareItemType" 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_DeferredRevenuesOther" name="DeferredRevenuesOther" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <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_EnvironmentalReserveForMonitoringEnvironmentalRemediationWorkPreviouslyPerformedMember" name="EnvironmentalReserveForMonitoringEnvironmentalRemediationWorkPreviouslyPerformedMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" 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_InfrastructureReimbursementReceivablesInstallmentAmount" name="InfrastructureReimbursementReceivablesInstallmentAmount" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_InfrastructureReimbursementReceivablesDiscount" name="InfrastructureReimbursementReceivablesDiscount" 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_CommercialRealEstateSingleTenantMember" name="CommercialRealEstateSingleTenantMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_CommercialRealEstateMultipleTenantsMember" name="CommercialRealEstateMultipleTenantsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodForAverageStockClosingPriceForVesting" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodForAverageStockClosingPriceForVesting" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPercentagePerYear" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPercentagePerYear" nillable="true" type="dtr-types:percentItemType" 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_LandSalesAreaOfLand" name="LandSalesAreaOfLand" nillable="true" type="dtr-types:areaItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <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_TangerFactoryOutletCentersIncorporatedMember" name="TangerFactoryOutletCentersIncorporatedMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_SamSWestIncorporatedMember" name="SamSWestIncorporatedMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_ConvertibleSeniorNotes4.5PercentDue2020Member" name="ConvertibleSeniorNotes4.5PercentDue2020Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNumberOfSharesInEachVestingIncrement" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNumberOfSharesInEachVestingIncrement" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_LandSalesAreaOfLandPercentageOfAreaOfLandHoldings" name="LandSalesAreaOfLandPercentageOfAreaOfLandHoldings" nillable="true" type="dtr-types:percentItemType" 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_EffectiveIncomeTaxRateContinuingOperationsAndDiscontinuedOperationsPercent" name="EffectiveIncomeTaxRateContinuingOperationsAndDiscontinuedOperationsPercent" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <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_UndevelopedLandMember" name="UndevelopedLandMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_InfrastructureReimbursementReceivablesNumberOfInstallmentPayments" name="InfrastructureReimbursementReceivablesNumberOfInstallmentPayments" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_ShareBasedCompensationAwardStockPriceVestingPriceIncrementTwoMember" name="ShareBasedCompensationAwardStockPriceVestingPriceIncrementTwoMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ShareBasedCompensationAwardStockPriceVestingPriceIncrementThreeMember" name="ShareBasedCompensationAwardStockPriceVestingPriceIncrementThreeMember" 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_LeaseRevenueBillboardsMember" name="LeaseRevenueBillboardsMember" 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_SubsurfaceRevenueOtherMember" name="SubsurfaceRevenueOtherMember" 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_LandSalesGrossSalesPrice" name="LandSalesGrossSalesPrice" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_ShareBasedCompensationAwardStockPriceVestingPriceIncrementOneMember" name="ShareBasedCompensationAwardStockPriceVestingPriceIncrementOneMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_RevenueFromContractWithCustomerIncludingAssessedTaxAndOperatingLeasesIncomeStatementLeaseRevenue" name="RevenueFromContractWithCustomerIncludingAssessedTaxAndOperatingLeasesIncomeStatementLeaseRevenue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_SaleOfInterestInJointVenturePercentage" name="SaleOfInterestInJointVenturePercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_OwnershipInterestInJointVentureByParentPercentage" name="OwnershipInterestInJointVentureByParentPercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_LandSalesAreaOfLandLandSaleTransactionsTotal" name="LandSalesAreaOfLandLandSaleTransactionsTotal" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <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_LandParcelWithStructuresBeachPropertyMember" name="LandParcelWithStructuresBeachPropertyMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_ContiguousParcelsBeachPropertyMember" name="ContiguousParcelsBeachPropertyMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_IncreaseDecreaseInLiabilitiesHeldForSale" name="IncreaseDecreaseInLiabilitiesHeldForSale" 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_GainLossOnDispositionOfAssetsHeldForSale" name="GainLossOnDispositionOfAssetsHeldForSale" 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_MortgageLoansOnRealEstateTerm" name="MortgageLoansOnRealEstateTerm" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" 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_UndevelopedLandInDaytonaBeachFloridaAlongInterstate95Member" name="UndevelopedLandInDaytonaBeachFloridaAlongInterstate95Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_GroundLeaseLoan400JosephineStreetAustinTxMember" name="GroundLeaseLoan400JosephineStreetAustinTxMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_GroundLeaseLoanMember" name="GroundLeaseLoanMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_GolfOperationsRoundsSurchargeReceivables" name="GolfOperationsRoundsSurchargeReceivables" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_PropertyManagementFeeRevenuePerMonth" name="PropertyManagementFeeRevenuePerMonth" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <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_NumberOfMitigationCredits" name="NumberOfMitigationCredits" nillable="true" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_ConvertibleSeniorNotes3.875PercentDue2025Member" name="ConvertibleSeniorNotes3.875PercentDue2025Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_DebtInstrumentPrincipalAmountDenominationForConversionIntoCommonStock" name="DebtInstrumentPrincipalAmountDenominationForConversionIntoCommonStock" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_SubsurfaceAreaOfPortfolioOfMineralInterest" name="SubsurfaceAreaOfPortfolioOfMineralInterest" nillable="true" type="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_ManagementServiceFeeRelatedParties" name="ManagementServiceFeeRelatedParties" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_RelatedPartyTransactionDividendReceivableOpUnits" name="RelatedPartyTransactionDividendReceivableOpUnits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <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_RazeAndEntitlementCost" name="RazeAndEntitlementCost" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_DaytonaBeachDevelopmentMember" name="DaytonaBeachDevelopmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_PaymentsToAcquireMitigationCredits" name="PaymentsToAcquireMitigationCredits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_AcquisitionsOfIncomePropertySubjectToLease2020Member" name="AcquisitionsOfIncomePropertySubjectToLease2020Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_StockRepurchaseProgramFebruary2020Member" name="StockRepurchaseProgramFebruary2020Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_TenantImprovementAllowancesAndLeasingCommissions" name="TenantImprovementAllowancesAndLeasingCommissions" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_NumberOfTenants" name="NumberOfTenants" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_NumberOfMitigationCreditsAcquired" name="NumberOfMitigationCreditsAcquired" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_MitigationCreditsPurchased" name="MitigationCreditsPurchased" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_NumberOfMitigationCreditsWithCostBasis" name="NumberOfMitigationCreditsWithCostBasis" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <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_AggregateCostOfSalesOfCredits" name="AggregateCostOfSalesOfCredits" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="cto_DueFromDueToRelatedPartiesOther" name="DueFromDueToRelatedPartiesOther" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_CovidNineteenMember" name="CovidNineteenMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax" name="EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="cto_AlphineIncomeTrustIncReceivable" name="AlphineIncomeTrustIncReceivable" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="cto_MasterTenantHialeahLeaseLoanHialeahFlMember" name="MasterTenantHialeahLeaseLoanHialeahFlMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfCommercialLoanInvestment" name="NumberOfCommercialLoanInvestment" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_NumberOfCommercialProperties" name="NumberOfCommercialProperties" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_SpecialDistributionOnREITConversionValue" name="SpecialDistributionOnREITConversionValue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_SpecialDistributionPaidInStock" name="SpecialDistributionPaidInStock" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_PaymentsForProceedsFromInterestInJointVenture" name="PaymentsForProceedsFromInterestInJointVenture" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <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_ReitEligibilityDistributableMinimumPercentageOfTaxableIncomeExcludingNetCapitalGains" name="ReitEligibilityDistributableMinimumPercentageOfTaxableIncomeExcludingNetCapitalGains" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="cto_NumberOfTaxableReitSubsidiaries" name="NumberOfTaxableReitSubsidiaries" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_CommonStockSharesConversionRatioMerger" name="CommonStockSharesConversionRatioMerger" nillable="true" type="xbrli:pureItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDeRecognitionOfRealEstateInvestmentTrustPercent" name="EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDeRecognitionOfRealEstateInvestmentTrustPercent" nillable="true" type="dtr-types:percentItemType" 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_EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDeRecognitionOfRealEstateInvestmentTrustAmount" name="EffectiveIncomeTaxRateReconciliationTaxBenefitDueToDeRecognitionOfRealEstateInvestmentTrustAmount" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_RevisedPropertyManagementFeePerMonth" name="RevisedPropertyManagementFeePerMonth" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="cto_NumberOfRealEstatePropertiesSold" name="NumberOfRealEstatePropertiesSold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="cto_AcquisitionsOfIncomePropertySubjectToLease2021Member" name="AcquisitionsOfIncomePropertySubjectToLease2021Member" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_ComplaintForDeclaratoryReliefAgainstBucEesLtdMember" name="ComplaintForDeclaratoryReliefAgainstBucEesLtdMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_IncomePropertyBurlingtonCoatStoresIncNorthRichlandHillsTexasMember" name="IncomePropertyBurlingtonCoatStoresIncNorthRichlandHillsTexasMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_IncomePropertyGeneralDynamicsCorporationRestonVirginiaMember" name="IncomePropertyGeneralDynamicsCorporationRestonVirginiaMember" 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_IncomePropertySingleTenantMoesSouthwestGrillJacksonvilleFloridaMember" name="IncomePropertySingleTenantMoesSouthwestGrillJacksonvilleFloridaMember" 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_IncomePropertyWellsFargoRaleighNorthCarolinaMember" name="IncomePropertyWellsFargoRaleighNorthCarolinaMember" 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_IncomePropertyWorldOfBeerFuzzysTacoShopBrandonFloridaMember" name="IncomePropertyWorldOfBeerFuzzysTacoShopBrandonFloridaMember" 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_LandSalesRevenueMember" name="LandSalesRevenueMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_FillDirtAndOtherRevenueMember" name="FillDirtAndOtherRevenueMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <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_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_MortgageNote110NBeachStreetDaytonaBeachFlMember" name="MortgageNote110NBeachStreetDaytonaBeachFlMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="cto_IncomePropertyMultiTenantShopsAtLegacyPlanoTexasMember" name="IncomePropertyMultiTenantShopsAtLegacyPlanoTexasMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdjustmentsToAdditionalPaidInCapitalPreferredStockIssuedNetOfUnderwritingDiscountAndExpenses" id="cto_AdjustmentsToAdditionalPaidInCapitalPreferredStockIssuedNetOfUnderwritingDiscountAndExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DetailsOfPublicOfferingTableTextBlock" id="cto_DetailsOfPublicOfferingTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="RestrictedCashEscrowAccountInConnectionWithMitigationBankMember" id="cto_RestrictedCashEscrowAccountInConnectionWithMitigationBankMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AssetRetainedInterestPreviouslyRecordedValue" id="cto_AssetRetainedInterestPreviouslyRecordedValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AssetAcquisitionTotalInterestPurchased" id="cto_AssetAcquisitionTotalInterestPurchased" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="IncomePropertySingleTenantFordMotorCreditTampaFloridaMember" id="cto_IncomePropertySingleTenantFordMotorCreditTampaFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="NonQualifiedStockOptionAwardsMember" id="cto_NonQualifiedStockOptionAwardsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="RemainingInterestAcquiredInJointVenturePercent" id="cto_RemainingInterestAcquiredInJointVenturePercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <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="DispositionsIncomeProperties2021Member" id="cto_DispositionsIncomeProperties2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AcquisitionsIncomeProperties2020SingleTenantMember" id="cto_AcquisitionsIncomeProperties2020SingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AcquisitionsIncomeProperties2020MultiTenantMember" id="cto_AcquisitionsIncomeProperties2020MultiTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2020Member" id="cto_DispositionsIncomeProperties2020Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021SingleTenantMember" id="cto_DispositionsIncomeProperties2021SingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021MultiTenantMember" id="cto_DispositionsIncomeProperties2021MultiTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SubsurfaceRevenueLandSalesMember" id="cto_SubsurfaceRevenueLandSalesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertiesSingleTenantCmbsPortfolioMember" id="cto_IncomePropertiesSingleTenantCmbsPortfolioMember" 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="DispositionsLandParcels2020Member" id="cto_DispositionsLandParcels2020Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomePropertiesAndLandParcels2020Member" id="cto_DispositionsIncomePropertiesAndLandParcels2020Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsBillboardSites2020Member" id="cto_DispositionsBillboardSites2020Member" 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="IncomePropertyMultiTenantExchangeAtGwinnettBufordGeorgiaMember" id="cto_IncomePropertyMultiTenantExchangeAtGwinnettBufordGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TwentyFourHourFitnessFallsChurchVaMember" id="cto_TwentyFourHourFitnessFallsChurchVaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="IncomePropertyEasternCommonsHendersonNevadaMember" id="cto_IncomePropertyEasternCommonsHendersonNevadaMember" 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="IncomePropertyJordanLandingWestJordanUtahMember" id="cto_IncomePropertyJordanLandingWestJordanUtahMember" 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="IncomeProperty120Lincoln150WashingtonSantaFeNewMexicoMember" id="cto_IncomeProperty120Lincoln150WashingtonSantaFeNewMexicoMember" 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="TwoThousandTwentySevenTermLoanTwoMember" id="cto_TwoThousandTwentySevenTermLoanTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SubsurfaceInterestsInProductiveLandMember" id="cto_SubsurfaceInterestsInProductiveLandMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="LandSalesFinalSalePrice" id="cto_LandSalesFinalSalePrice" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="SpecialDistributionPayable" id="cto_SpecialDistributionPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="SpecialDistributionPaidCash" id="cto_SpecialDistributionPaidCash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="SpecialDistributionDividendsPerShareCashPaid" id="cto_SpecialDistributionDividendsPerShareCashPaid" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <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="MortgageLoansOnRealEstateCommercialAndConsumerNetForFederalIncomeTaxPurposes" id="cto_MortgageLoansOnRealEstateCommercialAndConsumerNetForFederalIncomeTaxPurposes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <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="EscrowFundsReceived" id="cto_EscrowFundsReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="InvestmentSecuritiesNumberOfSharesOwned" id="cto_InvestmentSecuritiesNumberOfSharesOwned" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MitigationCreditsCostBasis" id="cto_MitigationCreditsCostBasis" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRateExpenseBenefitPercent" id="cto_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRateExpenseBenefitPercent" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfMitigationCreditsCostBasisExpenseAccrued" id="cto_NumberOfMitigationCreditsCostBasisExpenseAccrued" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MitigationCreditsCostBasisExpenseAccrued" id="cto_MitigationCreditsCostBasisExpenseAccrued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ConstructionLoanExtensionPeriod" id="cto_ConstructionLoanExtensionPeriod" type="xbrli:durationItemType" 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="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="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="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="InterestRateUntilLocationIsOpenMember" id="cto_InterestRateUntilLocationIsOpenMember" 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="TreasuryStockRetiredParValuePerShare" id="cto_TreasuryStockRetiredParValuePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfConstructionLoansCommittedToFund" id="cto_NumberOfConstructionLoansCommittedToFund" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AveragePricePerShare" id="cto_AveragePricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="SharesIssuedDuringPeriodWeightedAveragePricePerShare" id="cto_SharesIssuedDuringPeriodWeightedAveragePricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ConstructionLoanWaterstarKissimmeeRetailPropertyDevelopmentProjectInKissimmeeFloridaMember" id="cto_ConstructionLoanWaterstarKissimmeeRetailPropertyDevelopmentProjectInKissimmeeFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="WestlandGatewayPlazaFlMember" id="cto_WestlandGatewayPlazaFlMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NewTermLoanMember" id="cto_NewTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EighthAmendmentToRevolvingCreditFacilityMember" id="cto_EighthAmendmentToRevolvingCreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DebtInstrumentFaceAmountAfterAccordionOption" id="cto_DebtInstrumentFaceAmountAfterAccordionOption" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="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="CrossroadsPropertyChandlerArizonaMember" id="cto_CrossroadsPropertyChandlerArizonaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021ChickFilSingleTenantMember" id="cto_DispositionsIncomeProperties2021ChickFilSingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021JpMorganChaseBankSingleTenantMember" id="cto_DispositionsIncomeProperties2021JpMorganChaseBankSingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021FogoDeChaoSingleTenantMember" id="cto_DispositionsIncomeProperties2021FogoDeChaoSingleTenantMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DispositionsIncomeProperties2021WellsFargoSingleTenantMember" id="cto_DispositionsIncomeProperties2021WellsFargoSingleTenantMember" 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="Specialdistributionpershare" id="cto_Specialdistributionpershare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ConstructionLoanExchangeAtGwinnettBufordGaMember" id="cto_ConstructionLoanExchangeAtGwinnettBufordGaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ImprovementLoanAshfordLaneAtlantaGaMember" id="cto_ImprovementLoanAshfordLaneAtlantaGaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="TwothousandtwentysixtermloanthreeMember" id="cto_TwothousandtwentysixtermloanthreeMember" 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="SeriesaPreferredStockRepurchaseProgramMember" id="cto_SeriesaPreferredStockRepurchaseProgramMember" 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="StockRepurchaseProgramPurchasePricePerShareMaximum" id="cto_StockRepurchaseProgramPurchasePricePerShareMaximum" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
</xsd:schema>
