XML 71 R60.htm IDEA: XBRL DOCUMENT
v3.24.2

COMMERCIAL LOANS AND INVESTMENTS - Summary of Commercial Loan Investments (Details) $ in Thousands |  |  |  |  |  |  | 6 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 18, 2024 USD ($) | Feb. 02, 2024 USD ($) | Dec. 20, 2023 USD ($) | Mar. 01, 2023 USD ($) | Feb. 21, 2023 USD ($) | Apr. 07, 2022 USD ($) item | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) | Mar. 26, 2024 USD ($) location | Mar. 31, 2023 USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  | $ 55,400 |  | $ 69,500 |  |
Current Face Amount |  |  |  |  |  |  | 51,038 |  | 62,657 |  |
Carrying Value before CECL |  |  |  |  |  |  | 50,833 |  | 62,476 |  |
Carrying Value |  |  |  |  |  |  | 50,323 |  | 61,849 |  |
CECL Reserve |  |  |  |  |  |  | (510) |  | (627) |  |
Principal Payments Received on Commercial Loans and Investments |  |  |  |  |  |  | 18,517 | $ 986 |  |  |
Mortgage Note - 4311 Maple Avenue, Dallas, TX |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Remaining commitment |  |  |  |  |  |  |  |  |  |  | $ 0
Amount repaid by borrower |  |  |  |  | $ 400 |  |  |  |  |  |
Mortgage Note - Founders Square - Dallas, TX |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  | 15,000 |  | 15,000 |  |
Current Face Amount |  |  |  | $ 15,000 |  |  | 15,000 |  | 15,000 |  |
Carrying Value before CECL |  |  |  |  |  |  | $ 14,917 |  | $ 14,892 |  |
Coupon Rate |  |  |  | 8.75% |  |  | 8.75% |  | 8.75% |  |
Interest-only term (in years) |  |  |  | 3 years |  |  |  |  |  |  |
Origination fee (as percentage) |  |  |  | 1.00% |  |  |  |  |  |  |
Origination fee |  |  |  | $ 150 |  |  |  |  |  |  |
Promissory Note - Main Street - Daytona Beach, FL |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  | $ 400 |  | $ 400 |  |
Current Face Amount |  |  |  |  |  |  | 400 |  | 400 |  |
Carrying Value before CECL |  |  |  |  |  |  | $ 400 |  | $ 400 |  |
Coupon Rate |  |  |  |  |  |  | 7.00% |  | 7.00% |  |
Mortgage Note - Sabal Pavilion - Tampa, FL |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  |  |  | $ 15,400 |  |
Current Face Amount |  |  | $ 15,400 |  |  |  |  |  | 15,400 |  |
Carrying Value before CECL |  |  |  |  |  |  |  |  | $ 15,393 |  |
Coupon Rate |  |  | 7.50% |  |  |  |  |  | 7.50% |  |
Interest-only term (in years) |  |  | 6 months |  |  |  |  |  |  |  |
Discount on repayment of mortgage loan | $ 200 |  |  |  |  |  | $ 200 |  |  |  |
Amount repaid by borrower | $ 15,200 |  |  |  |  |  | 15,200 |  |  |  |
Construction Loan - Hypoluxo Project - Lake Worth, FL |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Number of outparcel locations | location |  |  |  |  |  |  |  |  |  | 7 |
Original Face Amount |  |  |  |  |  |  |  |  |  | $ 10,000 |
Interest rate (as a percent) |  |  |  |  |  |  |  |  |  | 11.00% |
Loan origination |  |  |  |  |  |  | 7,100 |  |  |  |
Remaining commitment |  |  |  |  |  |  | 2,900 |  |  |  |
Principal Payments Received on Commercial Loans and Investments |  |  |  |  |  |  | 1,500 |  |  |  |
Construction Loan - Hypoluxo - Atlanta, GA |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  | 10,000 |  |  |  |
Current Face Amount |  |  |  |  |  |  | 5,638 |  |  |  |
Carrying Value before CECL |  |  |  |  |  |  | $ 5,555 |  |  |  |
Coupon Rate |  |  |  |  |  |  | 11.00% |  |  |  |
Construction Loan - The Exchange At Gwinnett - Buford, GA |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  |  |  | $ 8,700 |  |
Current Face Amount |  |  |  |  |  |  |  |  | 1,857 |  |
Carrying Value before CECL |  |  |  |  |  |  |  |  | $ 1,854 |  |
Coupon Rate |  |  |  |  |  |  |  |  | 7.25% |  |
Loan origination |  |  |  |  |  |  |  | 2,200 |  |  |
Remaining commitment |  |  |  |  |  |  |  | 0 |  |  |
Amount repaid by borrower |  |  |  |  |  |  |  | $ 600 |  |  |
Construction Loan - The Exchange At Gwinnett - Buford, GA | Gwinnett project located in Buford, GA |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Loan origination |  |  |  |  |  |  | $ 0 |  |  |  |
Remaining commitment |  |  |  |  |  |  | 0 |  |  |  |
Amount repaid by borrower |  | $ 1,900 |  |  |  |  |  |  |  |  |
Preferred Investment - Watters Creek - Allen, TX |  |  |  |  |  |  |  |  |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |
Original Face Amount |  |  |  |  |  |  | 30,000 |  | $ 30,000 |  |
Current Face Amount |  |  |  |  |  | $ 30,000 | 30,000 |  | 30,000 |  |
Carrying Value before CECL |  |  |  |  |  |  | $ 29,961 |  | $ 29,937 |  |
Coupon Rate |  |  |  |  |  | 8.50% | 9.00% |  | 8.75% |  |
Origination fee |  |  |  |  |  | $ 150 |  |  |  |  |
Percentage of funding towards total investment (as a percent) |  |  |  |  |  | 23.00% |  |  |  |  |
Mortgage Loans On Real Estate, Extension Term, Number of Option | item |  |  |  |  |  | 2 |  |  |  |  |
Mortgage Loans On Real Estate, Extension Term |  |  |  |  |  | 1 year |  |  |  |  |

X
- Definition Amount of discount on financing receivable. + References No definition available. + Details
Name: | cto_DiscountOnFinancingReceivables
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Financing Receivable and Net Investment in Lease Allowance for Credit Loss and Fee + References No definition available. + Details
Name: | cto_FinancingReceivableAndNetInvestmentInLeaseAllowanceForCreditLossAndFee
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Investment in Mortgage Loans on Real Estate, Original Face Amount of Mortgages + References No definition available. + Details
Name: | cto_InvestmentInMortgageLoansOnRealEstateOriginalFaceAmountOfMortgages
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Loan Processing Fee, Percentage + References No definition available. + Details
Name: | cto_LoanProcessingFeePercentage
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of loan funded by the company to the borrower. + References No definition available. + Details
Name: | cto_LoansReceivable
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Mortgage Loan on Real Estate, Interest Only, Term + References No definition available. + Details
Name: | cto_MortgageLoanOnRealEstateInterestOnlyTerm
Namespace Prefix: | cto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Mortgage Loans on Real Estate, Before Allowances for Credit Losses + References No definition available. + Details
Name: | cto_MortgageLoansOnRealEstateBeforeAllowancesForCreditLosses
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Extension term on mortgage loan on real estate, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | cto_MortgageLoansOnRealEstateExtensionTerm
Namespace Prefix: | cto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of options for extension term on mortgage loan on real estate. + References No definition available. + Details
Name: | cto_MortgageLoansOnRealEstateExtensionTermNumberOfOption
Namespace Prefix: | cto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Mortgage Loans on Real Estate Face Amount of Mortgages, Percentage of Funding Towards Total Investment + References No definition available. + Details
Name: | cto_MortgageLoansOnRealEstateFaceAmountOfMortgagesPercentageOfFundingTowardsTotalInvestment
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Mortgage Loans on Real Estate, Net + References No definition available. + Details
Name: | cto_MortgageLoansOnRealEstateNet
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The number of outparcel locations. + References No definition available. + Details
Name: | cto_NumberOfOutparcelLocations
Namespace Prefix: | cto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of contractual principal due at origination of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Paragraph Column F -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column F)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
Name: | srt_MortgageLoansOnRealEstateFaceAmountOfMortgages
Namespace Prefix: | srt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Interest rate of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Paragraph Column B -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column B)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
Name: | srt_MortgageLoansOnRealEstateInterestRate
Namespace Prefix: | srt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
Name: | srt_MortgageLoansOnRealEstateLineItems
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Expenses paid for obtaining loans which includes expenses such as application and origination fees. + References No definition available. + Details
Name: | us-gaap_LoanProcessingFee
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column G)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
Name: | us-gaap_MortgageLoansOnRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash inflow associated with the collection of receivables arising from the financing of goods and services. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-12 + Details
Name: | us-gaap_ProceedsFromCollectionOfFinanceReceivables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-12 + Details
Name: | us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_MortgageNote4311MapleAvenueDallasTxMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_MortgageNoteFoundersSquareDallasTexasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_PromissoryNoteMainStreetDaytonaBeachFloridaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_MortgageNoteSabalPavilionTampaFlMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_HypoluxoProjectLakeWorthFlMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_ConstructionLoanHypoluxoAtlantaGaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_ConstructionLoanExchangeAtGwinnettBufordGeorgiaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=cto_PreferredEquityAgreementMixedUsePropertyWattersCreekAtMontgomeryFarmAllenTexasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |