XML 75 R59.htm IDEA: XBRL DOCUMENT
v3.24.3

INCOME PROPERTIES - Acquisitions (Details) $ in Thousands | 9 Months Ended |  |
--- | --- | --- | ---
Sep. 30, 2024 USD ($) ft² property | Sep. 30, 2023 USD ($) ft² property tenant | Feb. 24, 2023 ft² | Mar. 03, 2022 USD ($)
Acquisitions of Income Properties |  |  |  |
Aggregate acquisition cost including capitalized acquisition costs |  | $ 14,700 |  |
Weighted average amortization period of intangible assets | 7 years |  |  |
Face Value of Debt | $ 528,834 |  |  |
Fixed-Rate Mortgage Note |  |  |  |
Acquisitions of Income Properties |  |  |  |
Face Value of Debt |  |  |  | $ 17,800
Income Property, Vacant Land Parcel Adjacent West Broad Village, Richmond, Virginia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Purchase Price |  | 1,500 |  |
2024 Acquisitions |  |  |  |
Acquisitions of Income Properties |  |  |  |
Aggregate acquisition cost including capitalized acquisition costs | 207,800 |  |  |
Land | 42,500 |  |  |
Buildings and improvements | 144,500 |  |  |
Intangible assets pertaining to the in-place lease value, leasing fees and above market lease value | 32,300 |  |  |
Intangible liabilities for below market lease value | $ 11,500 |  |  |
Weighted average amortization period of intangible assets | 5 years 9 months 18 days |  |  |
Purchase Price | $ 210,000 |  |  |
2024 Acquisitions | Three Property Portfolio |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property | 3 |  |  |
Aggregate acquisition cost including capitalized acquisition costs | $ 135,100 |  |  |
Purchase Price | $ 137,500 |  |  |
2024 Acquisitions | Three Property Portfolio, Carolina Pavilion in Charlotte, North Carolina |  |  |  |
Acquisitions of Income Properties |  |  |  |
Property Square-Feet | ft² | 686,000 |  |  |
Percentage Leased at Acquisition | 93.00% |  |  |
Remaining Lease Term at Acquisition Date (in years) | 5 years 10 months 24 days |  |  |
2024 Acquisitions | Three property portfolio, Millenia Crossing in Orlando, Florida |  |  |  |
Acquisitions of Income Properties |  |  |  |
Property Square-Feet | ft² | 100,000 |  |  |
Percentage Leased at Acquisition | 96.00% |  |  |
Remaining Lease Term at Acquisition Date (in years) | 6 years 1 month 6 days |  |  |
2024 Acquisitions | Three property portfolio, Lake Brandon Village in Tampa, Florida |  |  |  |
Acquisitions of Income Properties |  |  |  |
Property Square-Feet | ft² | 102,000 |  |  |
Percentage Leased at Acquisition | 100.00% |  |  |
Remaining Lease Term at Acquisition Date (in years) | 7 years 4 months 24 days |  |  |
2024 Acquisitions | Income Property Marketplace at Seminole Towne Center, Sanford, Florida |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property | 4 |  |  |
Aggregate acquisition cost including capitalized acquisition costs | $ 68,800 |  |  |
Property Square-Feet | ft² | 315,066 |  |  |
Purchase Price | $ 68,700 |  |  |
Percentage Leased at Acquisition | 98.00% |  |  |
Remaining Lease Term at Acquisition Date (in years) | 4 years 8 months 12 days |  |  |
2024 Acquisitions | Income Property Exchange at Gwinnett, Buford, Georgia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property | 1 |  |  |
Area of real estate property acquired | ft² | 4,000 |  |  |
Property Square-Feet | ft² | 28,100 |  |  |
Purchase Price | $ 2,300 |  |  |
Remaining Lease Term at Acquisition Date (in years) | 10 years |  |  |
2024 Acquisitions | Income Property, Multi-tenant, Rockwall, Texas and Income Property Exchange at Gwinnett, Buford, Georgia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property | 1 |  |  |
2023 Acquisitions |  |  |  |
Acquisitions of Income Properties |  |  |  |
Aggregate acquisition cost including capitalized acquisition costs |  | 80,300 |  |
Land |  | 21,200 |  |
Buildings and improvements |  | 53,600 |  |
Intangible assets pertaining to the in-place lease value, leasing fees and above market lease value |  | 8,700 |  |
Intangible liabilities for below market lease value |  | $ 3,200 |  |
Weighted average amortization period of intangible assets |  | 5 years 7 months 6 days |  |
Purchase Price |  | $ 80,000 |  |
2023 Acquisitions | Income Property, Multi-tenant, Rockwall, Texas |  |  |  |
Acquisitions of Income Properties |  |  |  |
Aggregate acquisition cost including capitalized acquisition costs |  | $ 61,300 |  |
Property Square-Feet | ft² |  | 446,500 |  |
Purchase Price |  | $ 61,200 |  |
Percentage Leased at Acquisition |  | 95.00% |  |
Remaining Lease Term at Acquisition Date (in years) |  | 4 years 2 months 12 days |  |
2023 Acquisitions | Income Property Exchange at Gwinnett, Buford, Georgia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property |  | 4 |  |
Property Square-Feet | ft² |  | 24,100 | 28,100 |
Purchase Price |  | $ 14,600 |  |
Number of tenant | tenant |  | 6 |  |
Remaining Lease Term at Acquisition Date (in years) |  | 9 years 10 months 24 days |  |
2023 Acquisitions | Income Property, Multi-tenant, Rockwall, Texas and Income Property Exchange at Gwinnett, Buford, Georgia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property |  | 1 |  |
2023 Acquisitions | Income Property, Land Parcel, Adjacent Forsyth Property, Atlanta Georgia |  |  |  |
Acquisitions of Income Properties |  |  |  |
Number of real estate properties | property |  | 1 |  |
Purchase Price |  | $ 4,300 |  |

X
- Definition Area of Real Estate Property Acquired + References No definition available. + Details
Name: | cto_AreaOfRealEstatePropertyAcquired
Namespace Prefix: | cto_
Data Type: | dtr-types:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value portion of below market lease intangible liabilities. + References No definition available. + Details
Name: | cto_BelowMarketLeaseIntangibleLiabilitiesFairValueDisclosure
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of buildings and improvements. + References No definition available. + Details
Name: | cto_BuildingsAndImprovementsFairValueDisclosure
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of land. + References No definition available. + Details
Name: | cto_LandFairValueDisclosure
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Lessor Leasing Arrangements Operating Leases, Number of Tenants + References No definition available. + Details
Name: | cto_LessorLeasingArrangementsOperatingLeasesNumberOfTenants
Namespace Prefix: | cto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Remaining term at the acquisition date of the lessor's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | cto_LessorLeasingArrangementsOperatingLeasesRemainingTermOfContractAtAcquisitionDate
Namespace Prefix: | cto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the occupancy percentage. + References No definition available. + Details
Name: | cto_OccupancyPercentage
Namespace Prefix: | cto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The aggregate of cash outflow from the acquisition of property as primarily intended to generate income for its owner and acquisition-related costs. + References No definition available. + Details
Name: | cto_PaymentsToAcquireCommercialRealEstateIncludingAcquisitionRelatedCosts
Namespace Prefix: | cto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 + Details
Name: | us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Area of a real estate property. + References No definition available. + Details
Name: | us-gaap_AreaOfRealEstateProperty
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:areaItemType
Balance Type: | na
Period Type: | instant

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/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
Name: | us-gaap_AssetAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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 The cash outflow from the acquisition of property as primarily intended to generate income for its owner. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13 + Details
Name: | us-gaap_PaymentsToAcquireCommercialRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

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

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=cto_AcquisitionsOfIncomePropertySubjectToLease2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=cto_IncomePropertyMarketplaceAtSeminoleTowneCenterSanfordFloridaMember
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_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=cto_IncomePropertyMultiTenantRockwallTexasAndIncomePropertyExchangeAtGwinnettBufordGeorgiaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=cto_AcquisitionsOfIncomePropertySubjectToLease2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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