XML 76 R66.htm IDEA: XBRL DOCUMENT
v3.22.2.2

RELATED PARTY MANAGEMENT SERVICES BUSINESS - General Information (Details) $ / shares in Units, $ in Thousands |  |  |  |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | ---
Feb. 17, 2022 $ / shares | Jan. 07, 2022 USD ($) property | Dec. 10, 2021 USD ($) | Oct. 26, 2021 USD ($) $ / shares | Nov. 26, 2019 USD ($) property shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) property $ / shares
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Share purchased | shares |  |  |  |  |  | 26,355 |  | 126,133 |  |
Purchase price of shares |  |  |  |  |  | $ 500 |  | $ 2,300 |  |
Average price per share | $ / shares |  |  |  |  |  | $ 17.28 |  | $ 17.83 |  |
Investment in Alpine Income Property Trust, Inc. |  |  |  |  |  | $ 35,260 |  | $ 35,260 |  | $ 41,037
Outstanding Principal |  |  |  |  |  | 372,334 |  | 372,334 |  |
Loss on Extinguishment of Debt |  |  |  |  |  |  |  |  | $ (641) |
Alpine Income Property Trust, Inc. Common Stock and Alpine Income Property OP, LP Limited Partnership Units [Member] |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Investment in Alpine Income Property Trust, Inc. |  |  |  |  |  | $ 35,260 |  | $ 35,260 |  | 41,037
Investment ownership percentage (as a percent) |  |  |  |  |  | 16.00% |  | 16.00% |  |
Alpine Income Property OP, LP Limited Partnership Units |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Number of contributed properties | property |  |  |  |  | 5 |  |  |  |  |
Aggregate of OP units | shares |  |  |  |  | 1,223,854 |  |  |  |  |
Initial value |  |  |  |  | $ 23,300 |  |  |  |  |
Share purchased | shares |  |  |  |  |  |  |  | 1,223,854 |  |
Investment ownership percentage (as a percent) |  |  |  |  |  | 9.00% |  | 9.00% |  |
Mortgage Notes Payable Under CMBS Portfolio |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Outstanding Principal |  | $ 30,000 |  |  |  |  |  |  |  |
Private placement |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Share purchased | shares |  |  |  |  | 394,737 |  |  |  |  |
Purchase price of shares |  |  |  |  | $ 7,500 |  |  |  |  |
2022 Acquisitions | Income Property Single Tenant |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Number of real estate properties | property |  | 1 |  |  |  |  |  |  |  |
Sales price |  | $ 6,900 |  |  |  |  |  |  |  |
Land JV |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Management fee revenue earned |  |  |  |  |  |  | $ 30 | $ 0 | 90 |
Management fee revenue earned per month |  |  | $ 20 |  |  |  |  |  |  |
Monthly management fee |  |  |  |  |  |  |  | $ 20,000 | 10 | 10,000
Management Agreement PINE |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage of base management fee |  |  |  |  |  |  |  | 0.375% |  |
Management fee (as a percent) |  |  |  |  |  |  |  | 1.50% |  |
Percentage of cumulative annual hurdle rate |  |  |  |  |  |  |  | 8.00% |  |
Amount of threshold incentive fee |  |  |  |  |  |  |  | $ 0 |  |
Percentage of multiply factor |  |  |  |  |  |  |  | 15.00% |  |
Amount of incentive fee |  |  |  |  |  |  |  |  |  | $ 0
Management fee revenue earned |  |  |  |  |  | $ 900 | 900 | $ 2,800 | 2,300 |
Proceeds from Dividends Received |  |  |  |  |  | $ 600 | $ 500 | $ 1,700 | $ 1,500 |
Alpine |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Number of properties sold | property |  |  |  |  | 15 |  |  |  |  |
Aggregate cash consideration |  |  |  |  | $ 125,900 |  |  |  |  |
Share purchased | shares |  |  |  |  |  |  |  | 950,011 |  |
Amount of shares authorized for purchase by the board |  |  |  | $ 5,000 |  |  |  |  |  |
Average price per share | $ / shares | $ 18.50 |  |  | $ 17.75 |  |  |  |  |  | $ 17.65
Alpine | Mortgage Notes Payable Under CMBS Portfolio |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Real estate acquired purchase price |  |  |  |  |  |  |  |  |  | $ 44,500
Number of real estate properties | property |  |  |  |  |  |  |  |  |  | 6
Loss on Extinguishment of Debt |  | $ (500) |  |  |  |  |  |  |  |
Alpine | Mortgage Notes Payable Under CMBS Portfolio | Income Property Single Tenant |  |  |  |  |  |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |  |  |  |  |  |
Real estate acquired purchase price |  |  |  |  |  |  |  |  |  | $ 11,500
Number of real estate properties | property |  |  |  |  |  |  |  |  |  | 1

X
- Definition Represents average price per share. + References No definition available. + Details
Name: | cto_AveragePricePerShare
Namespace Prefix: | cto_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity Securities, FV-NI, Investment, Ownership Percentage + References No definition available. + Details
Name: | cto_EquitySecuritiesFvNiInvestmentOwnershipPercentage
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of contributed properties. + References No definition available. + Details
Name: | cto_NumberOfContributedProperties
Namespace Prefix: | cto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of properties sold. + References No definition available. + Details
Name: | cto_NumberOfPropertiesSold
Namespace Prefix: | cto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of revenue derived from managing real estate properties per month. + References No definition available. + Details
Name: | cto_PropertyManagementFeeRevenuePerMonth
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Real estate acquired purchase price. + References No definition available. + Details
Name: | cto_RealEstateAcquiredPurchasePrice
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage of quarterly management fee in a related party transaction. + References No definition available. + Details
Name: | cto_RelatedPartyQuarterlyManagementFeePercentage
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Multiplying factor for calculation of incentive fee in a related party transaction. + References No definition available. + Details
Name: | cto_RelatedPartyTransactionMultiplyingFactorForCalculationOfIncentiveFee
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of cumulative annual hurdle rate in a related party transaction. + References No definition available. + Details
Name: | cto_RelatedPartyTransactionPercentageOfCumulativeAnnualHurdleRate
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Threshold amount for incentive fee in each measurement period in a related party transaction. + References No definition available. + Details
Name: | cto_RelatedPartyTransactionThresholdAmountForIncentiveFeeInEachMeasurementPeriod
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of revenue derived from managing real estate properties per month. + References No definition available. + Details
Name: | cto_RevisedPropertyManagementFeePerMonth
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of shares authorized for purchase by the board. + References No definition available. + Details
Name: | cto_SharesAuthorizedForPurchaseByBoard
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of consideration received or receivable for the disposal of assets and liabilities, including discontinued operation. + References No definition available. + Details
Name: | us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126972273&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126972273&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of real estate properties owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfRealEstateProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Total change in each class of partners' capital accounts during the year due to exchanges and conversions. Partners include general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalAccountExchangesAndConversions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of units converted into shares of each class of partners' capital account. Units represent shares of ownership of the general, limited, and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnitsConverted
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Dividends received on equity and other investments during the current period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3337-108585 + Details
Name: | us-gaap_ProceedsFromDividendsReceived
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Cash received for the sale of real estate that is not part of an investing activity during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage charged for managing real estate properties. + References No definition available. + Details
Name: | us-gaap_PropertyManagementFeePercentFee
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of revenue derived from managing real estate properties. + References No definition available. + Details
Name: | us-gaap_PropertyManagementFeeRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RealEstateLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reflects the sum of all other revenue and income realized from sales and other transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party during the period. + References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of new stock issued during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_StockIssuedDuringPeriodSharesNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_StockIssuedDuringPeriodValueNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=cto_AlpineIncomePropertyTrustInc.CommonStockAndAlpineIncomePropertyOpLpLimitedPartnershipUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=cto_AlpineIncomePropertyOpLpLimitedPartnershipUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cto_MortgageNotesPayableUnderCmbsPortfolioMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=us-gaap_PrivatePlacementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=cto_AcquisitionsOfIncomePropertySubjectToLease2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=cto_IncomePropertySingleTenantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=cto_LandJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=cto_ManagementAgreementWithPineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=cto_AlpineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |