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  <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 name="ReserveForTenantImprovements" id="cto_ReserveForTenantImprovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <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="MortgageNotePayableMember" id="cto_MortgageNotePayableMember" 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="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="credit" />
  <xsd:element name="DebtInstrumentVariableRateAdjustment" id="cto_DebtInstrumentVariableRateAdjustment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgages" id="cto_InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgages" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="StockRepurchaseProgramFebruary2023Member" id="cto_StockRepurchaseProgramFebruary2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="StockRepurchaseProgramApril2023Member" id="cto_StockRepurchaseProgramApril2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageNoteFoundersSquareDallasTexasMember" id="cto_MortgageNoteFoundersSquareDallasTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="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="MortgageNoteMainStreetDaytonaBeachFloridaMember" id="cto_MortgageNoteMainStreetDaytonaBeachFloridaMember" 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="TrailingDayOnBehalfOfCompanySCommonStockToBeSell" id="cto_TrailingDayOnBehalfOfCompanySCommonStockToBeSell" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <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="StockRepurchaseProgramDecember2023Member" id="cto_StockRepurchaseProgramDecember2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <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="NumberOfConstructionLoansCommittedToFund" id="cto_NumberOfConstructionLoansCommittedToFund" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <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="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="NumberOfNewCommercialLoansOrInvestmentsOriginated" id="cto_NumberOfNewCommercialLoansOrInvestmentsOriginated" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PaymentsOfDebtPremium" id="cto_PaymentsOfDebtPremium" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="NotesSettledInCommonStockPrincipalAmount" id="cto_NotesSettledInCommonStockPrincipalAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="NotesSettledInCommonStockPremiumAmount" id="cto_NotesSettledInCommonStockPremiumAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="StockRepurchaseProgramSeptember2025Member" id="cto_StockRepurchaseProgramSeptember2025Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateCashInterestRate" id="cto_SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateCashInterestRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePaidInKindInterestRate" id="cto_SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePaidInKindInterestRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="CommercialLoansAndInvestmentsMember" id="cto_CommercialLoansAndInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionCommitmentsMember" id="cto_ConstructionCommitmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AssetsHeldForSale" id="cto_AssetsHeldForSale" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfRealEstatePropertiesDisposed" id="cto_NumberOfRealEstatePropertiesDisposed" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="AssetImpairmentChargesAndAllowanceForCreditLossAdjustments" id="cto_AssetImpairmentChargesAndAllowanceForCreditLossAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="PaymentsForProceedsFromCommercialLoanReservesInvestingActivities" id="cto_PaymentsForProceedsFromCommercialLoanReservesInvestingActivities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EquitySecuritiesFvNiCommonStockConversionRatio" id="cto_EquitySecuritiesFvNiCommonStockConversionRatio" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="CommercialLoansAndInvestmentsCommercialLoanInvestmentsNumber" id="cto_CommercialLoansAndInvestmentsCommercialLoanInvestmentsNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="CommercialLoansAndInvestmentsPreferredEquityInvestmentsNumber" id="cto_CommercialLoansAndInvestmentsPreferredEquityInvestmentsNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiShares" id="cto_EquitySecuritiesFvNiShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedInitialPublicOfferingShares" id="cto_EquitySecuritiesFvNiAcquiredPurchasedInitialPublicOfferingShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedPrivatePlacementShares" id="cto_EquitySecuritiesFvNiAcquiredPurchasedPrivatePlacementShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedShares" id="cto_EquitySecuritiesFvNiAcquiredPurchasedShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedValue" id="cto_EquitySecuritiesFvNiAcquiredPurchasedValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedInitialPublicOfferingValue" id="cto_EquitySecuritiesFvNiAcquiredPurchasedInitialPublicOfferingValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedPrivatePlacementValue" id="cto_EquitySecuritiesFvNiAcquiredPurchasedPrivatePlacementValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPurchasedWeightedAveragePricePerShare" id="cto_EquitySecuritiesFvNiAcquiredPurchasedWeightedAveragePricePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPropertiesExchangedShares" id="cto_EquitySecuritiesFvNiAcquiredPropertiesExchangedShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EquitySecuritiesFvNiAcquiredPropertiesExchangedValue" id="cto_EquitySecuritiesFvNiAcquiredPropertiesExchangedValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ManagementServiceManagementFeeIncomePortfolioManagementAgreementMember" id="cto_ManagementServiceManagementFeeIncomePortfolioManagementAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ManagementServiceManagementFeeIncomeAssetManagementAgreementMember" id="cto_ManagementServiceManagementFeeIncomeAssetManagementAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TaxableRealEstateInvestmentTrustSubsidiariesNumber" id="cto_TaxableRealEstateInvestmentTrustSubsidiariesNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="AreaOfRealEstateSquareFootageBenchmarkMember" id="cto_AreaOfRealEstateSquareFootageBenchmarkMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CommercialLoansAndInvestmentsSegmentMember" id="cto_CommercialLoansAndInvestmentsSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertiesAcquisitions2026Member" id="cto_IncomePropertiesAcquisitions2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertiesAcquisitions2025Member" id="cto_IncomePropertiesAcquisitions2025Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyPalmsCrossingMcallenTexasMember" id="cto_IncomePropertyPalmsCrossingMcallenTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AssetAcquisitionIncomePropertiesOccupancyAtAcquisitionPercentage" id="cto_AssetAcquisitionIncomePropertiesOccupancyAtAcquisitionPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="AssetAcquisitionIncomePropertiesWeightedAverageRemainingLeaseTerm" id="cto_AssetAcquisitionIncomePropertiesWeightedAverageRemainingLeaseTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomePropertyAshleyParkNewnanGeorgiaMember" id="cto_IncomePropertyAshleyParkNewnanGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InvestmentBuildingAndBuildingImprovementsNet" id="cto_InvestmentBuildingAndBuildingImprovementsNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AssetAcquisitionIncomePropertiesPropertiesAcquiredShoppingCentersNumber" id="cto_AssetAcquisitionIncomePropertiesPropertiesAcquiredShoppingCentersNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="AmortizationOfIntangibleAssetsLeaseTerminationActivity" id="cto_AmortizationOfIntangibleAssetsLeaseTerminationActivity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationRemainderOfFiscalYear" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationRemainderOfFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearOne" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearOne" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearTwo" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearTwo" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearThree" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearThree" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearFour" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearFour" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearFive" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationYearFive" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationAfterYearFive" id="cto_FiniteLivedIntangibleAssetExcludingAboveMarketLeasesExpectedAmortizationAfterYearFive" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="FiniteLivedIntangibleAssetsNetExcludingAboveMarketLeases" id="cto_FiniteLivedIntangibleAssetsNetExcludingAboveMarketLeases" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseRemainderOfFiscalYear" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseRemainderOfFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearOne" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearOne" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearTwo" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearTwo" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearThree" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearThree" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearFour" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearFour" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearFive" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseYearFive" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseAfterYearFive" id="cto_BelowMarketLeaseAmortizationIncomeIncludingAboveMarketLeaseAmortizationExpenseAfterYearFive" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BelowMarketLeaseIncludingAboveMarketLeaseNet" id="cto_BelowMarketLeaseIncludingAboveMarketLeaseNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="BankOfMontrealCreditAgreementMember" id="cto_BankOfMontrealCreditAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="BankOfMontrealCreditAgreementRevolvingCreditFacilityMember" id="cto_BankOfMontrealCreditAgreementRevolvingCreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="BankOfMontrealCreditAgreement2027UnsecuredTermLoanMember" id="cto_BankOfMontrealCreditAgreement2027UnsecuredTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="BankOfMontrealCreditAgreement2028UnsecuredTermLoanMember" id="cto_BankOfMontrealCreditAgreement2028UnsecuredTermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="KeybankCreditAgreementMember" id="cto_KeybankCreditAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="KeybankCreditAgreement2029TermLoanMember" id="cto_KeybankCreditAgreement2029TermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="KeybankCreditAgreement2030TermLoanMember" id="cto_KeybankCreditAgreement2030TermLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2027TermLoanInterestRateSwapsMember" id="cto_CashFlowHedge2027TermLoanInterestRateSwapsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2027TermLoanInterestRateSwapsInterestRateSwapOneMember" id="cto_CashFlowHedge2027TermLoanInterestRateSwapsInterestRateSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2027TermLoanInterestRateSwapsInterestRateForwardSwapOneMember" id="cto_CashFlowHedge2027TermLoanInterestRateSwapsInterestRateForwardSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2028TermLoanInterestRateSwapsMember" id="cto_CashFlowHedge2028TermLoanInterestRateSwapsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2030TermLoanInterestRateSwapsMember" id="cto_CashFlowHedge2030TermLoanInterestRateSwapsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapOneMember" id="cto_CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapTwoMember" id="cto_CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2028TermLoanInterestRateSwapsInterestRateForwardSwapOneMember" id="cto_CashFlowHedge2028TermLoanInterestRateSwapsInterestRateForwardSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapOneMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapTwoMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapThreeMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapFourMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapFiveMember" id="cto_CashFlowHedge2029TermLoanInterestRateSwapsInterestRateSwapFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapOneMember" id="cto_CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapTwoMember" id="cto_CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapTwoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapThreeMember" id="cto_CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapThreeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapFourMember" id="cto_CashFlowHedge2030TermLoanInterestRateSwapsInterestRateSwapFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapsTotalMember" id="cto_CashFlowHedge2028TermLoanInterestRateSwapsInterestRateSwapsTotalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DerivativeFixedInterestRateVariableRateAdjustment" id="cto_DerivativeFixedInterestRateVariableRateAdjustment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="DerivativeAverageFixedInterestRateVariableRateAdjustment" id="cto_DerivativeAverageFixedInterestRateVariableRateAdjustment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="LineOfCreditFacilityAccordionOptionRevolvingLoanCommitmentsAggregateAmountMaximum" id="cto_LineOfCreditFacilityAccordionOptionRevolvingLoanCommitmentsAggregateAmountMaximum" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LineOfCreditFacilityAccordionOptionTermLoanCommitmentsAggregateAmountMaximum" id="cto_LineOfCreditFacilityAccordionOptionTermLoanCommitmentsAggregateAmountMaximum" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInNextRolling12Months" id="cto_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInNextRolling12Months" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturityYearOne" id="cto_LongTermDebtGrossMaturityYearOne" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturityRemainderOfFiscalYear" id="cto_LongTermDebtGrossMaturityRemainderOfFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturityYearTwo" id="cto_LongTermDebtGrossMaturityYearTwo" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturityYearThree" id="cto_LongTermDebtGrossMaturityYearThree" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="LongTermDebtGrossMaturityYearFour" id="cto_LongTermDebtGrossMaturityYearFour" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DeferredRevenueInterestReserveFromCommercialLoansAndInvestments" id="cto_DeferredRevenueInterestReserveFromCommercialLoansAndInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DeferredRevenueTenantContributions" id="cto_DeferredRevenueTenantContributions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ReserveForTenantImprovementsAggregatePayments" id="cto_ReserveForTenantImprovementsAggregatePayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ReserveForTenantImprovementsAggregateReceived" id="cto_ReserveForTenantImprovementsAggregateReceived" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ShelfRegistration2022RegistrationStatementMember" id="cto_ShelfRegistration2022RegistrationStatementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ShelfRegistration2024RegistrationStatementMember" id="cto_ShelfRegistration2024RegistrationStatementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SaleOfStockAggregateOfferingPriceMaximum" id="cto_SaleOfStockAggregateOfferingPriceMaximum" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts" id="cto_ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ProceedsFromIssuanceOfCommonStockIssuedForServices" id="cto_ProceedsFromIssuanceOfCommonStockIssuedForServices" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AtmProgramCommonStock2021AtmProgramMember" id="cto_AtmProgramCommonStock2021AtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtmProgramCommonStock2022AtmProgramMember" id="cto_AtmProgramCommonStock2022AtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtmProgramCommonStock2021AtmProgramAnd2022AtmProgramMember" id="cto_AtmProgramCommonStock2021AtmProgramAnd2022AtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SaleOfStockAggregateOfferingPriceAvailabilityRemaining" id="cto_SaleOfStockAggregateOfferingPriceAvailabilityRemaining" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AtmProgramCommonStock2024AtmProgramMember" id="cto_AtmProgramCommonStock2024AtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtmProgramPreferredStockAugust2024PreferredStockAtmProgramMember" id="cto_AtmProgramPreferredStockAugust2024PreferredStockAtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtmProgramPreferredStockNovember2024PreferredStockAtmProgramMember" id="cto_AtmProgramPreferredStockNovember2024PreferredStockAtmProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SaleOfStockUnderwritersOptionPeriod" id="cto_SaleOfStockUnderwritersOptionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PublicOfferingPreferredStock2021Member" id="cto_PublicOfferingPreferredStock2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PublicOfferingPreferredStock2024Member" id="cto_PublicOfferingPreferredStock2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="StockRepurchaseProgramsDecember2023AndSeptember2025Member" id="cto_StockRepurchaseProgramsDecember2023AndSeptember2025Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GainLossOnDispositionOfAssetsHeldForSale" id="cto_GainLossOnDispositionOfAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="ProceedsFromDispositionOfPropertyPlantAndEquipmentAndAssetsHeldForSale" id="cto_ProceedsFromDispositionOfPropertyPlantAndEquipmentAndAssetsHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="AssetAcquisitionIncomePropertiesPropertiesAcquiredLandParcelsNumber" id="cto_AssetAcquisitionIncomePropertiesPropertiesAcquiredLandParcelsNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomePropertyGalleryOnParkwayDallasTexasMember" id="cto_IncomePropertyGalleryOnParkwayDallasTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="IncomePropertyLandParcelDaytonaBeachFloridaMember" id="cto_IncomePropertyLandParcelDaytonaBeachFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfRealEstatePropertiesDisposedShoppingCenters" id="cto_NumberOfRealEstatePropertiesDisposedShoppingCenters" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="IncomePropertyTwoShoppingCentersDisposed2026Member" id="cto_IncomePropertyTwoShoppingCentersDisposed2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CashFlowHedgeRevolvingCreditFacilityInterestRateSwapsMember" id="cto_CashFlowHedgeRevolvingCreditFacilityInterestRateSwapsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsPerformanceShareAwardsEntitledToReceivePercentage" id="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsPerformanceShareAwardsEntitledToReceivePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="IntangibleLiabilityBelowMarketInPlaceLeasesFiniteLivedAcquiredWeightedAverageAmortizationPeriod" id="cto_IntangibleLiabilityBelowMarketInPlaceLeasesFiniteLivedAcquiredWeightedAverageAmortizationPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <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="Series1PreferredInvestmentMember" id="cto_Series1PreferredInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionLoanRivanaHerndonVirginiaMember" id="cto_ConstructionLoanRivanaHerndonVirginiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionLoanWholeFoodsForsythGeorgiaMember" id="cto_ConstructionLoanWholeFoodsForsythGeorgiaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredEquityAgreementClass1PremierRetailPreferredInvestmentSouthwestMember" id="cto_PreferredEquityAgreementClass1PremierRetailPreferredInvestmentSouthwestMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredEquityAgreementGroceryAnchoredRetailDevelopmentPreferredInvestmentNortheastMember" id="cto_PreferredEquityAgreementGroceryAnchoredRetailDevelopmentPreferredInvestmentNortheastMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredInvestmentPreferredSharesReceivedShares" id="cto_PreferredInvestmentPreferredSharesReceivedShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="PreferredInvestmentPreferredSharesReceivedDividendRatePercentage" id="cto_PreferredInvestmentPreferredSharesReceivedDividendRatePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="PreferredInvestmentPreferredSharesReceivedParValuePerShare" id="cto_PreferredInvestmentPreferredSharesReceivedParValuePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="PreferredInvestmentOriginationFeePercentage" id="cto_PreferredInvestmentOriginationFeePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="PreferredEquityAgreements2026Member" id="cto_PreferredEquityAgreements2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredEquityAgreementsCommencedNumber" id="cto_PreferredEquityAgreementsCommencedNumber" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ConstructionLoans2024Member" id="cto_ConstructionLoans2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRateAfterYearOne" id="cto_MortgageLoansOnRealEstateInterestRateAfterYearOne" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRatePaidInKindAfterElection" id="cto_MortgageLoansOnRealEstateInterestRatePaidInKindAfterElection" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="PreferredEquityAgreementOptionToExtendPeriod" id="cto_PreferredEquityAgreementOptionToExtendPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgagesFundingTowardsTotalInvestmentPercentage" id="cto_InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgagesFundingTowardsTotalInvestmentPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="ConstructionLoanMixedUsePropertyAustinTexasMember" id="cto_ConstructionLoanMixedUsePropertyAustinTexasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageLoansOnRealEstateConstructionLoanTerm" id="cto_MortgageLoansOnRealEstateConstructionLoanTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="PreferredEquityAgreementsMember" id="cto_PreferredEquityAgreementsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PreferredInvestmentOptionToExtendPeriod" id="cto_PreferredInvestmentOptionToExtendPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRatePaidInKindAfterElectionPeriod" id="cto_MortgageLoansOnRealEstateInterestRatePaidInKindAfterElectionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRateAfterElectionBasisSpread" id="cto_MortgageLoansOnRealEstateInterestRateAfterElectionBasisSpread" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRateAfterOptionToExtend" id="cto_MortgageLoansOnRealEstateInterestRateAfterOptionToExtend" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="OtherCommitmentOriginalCommitment" id="cto_OtherCommitmentOriginalCommitment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="OtherCommitmentAmountFunded" id="cto_OtherCommitmentAmountFunded" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="CapitalImprovementsMember" id="cto_CapitalImprovementsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageLoansOnRealEstateConstructionsLoansUnfundedAmount" id="cto_MortgageLoansOnRealEstateConstructionsLoansUnfundedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="MortgageLoansOnRealEstateInterestRatePaidInKindAfterOptionToExtend" id="cto_MortgageLoansOnRealEstateInterestRatePaidInKindAfterOptionToExtend" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
</xsd:schema>
