CTO also owns 19% of Alpine (PINE) in the PINE IPO (I believe they 1031 exchanged properties for IPO shares). CTO been buying new properties w/ 7.6% cap rates and selling some others w/ lower cap rates 5.4%.

As Paul Sr. mentioned, selling land assets and transition to net-net lease properties.

Here is a list of their current properties: CTO
INCOME PROPERTIES PORTFOLIO

I do like properties in growth States like FL, AZ and TX among others. Also, some anchor tenants include Aldi's similar to UBP's tenants.

I like CTO w/ low Debt/Equity at 0.95, 9.4% div yield (if they continue dividend) and note that these are single triple net leases properties similar to the only REITs Buffet owns. Selling at 30% below BV (BV= $59.53/share).