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<!-- RRD ActiveDisclosure(SM) XBRL Linkbase Document - http://www.financial.rrd.com/ -->
<!-- Creation Date      : 2016-03-01T19:48:29.2877375+00:00 -->
<!-- Version            : 2.1.0.1 -->
<!-- Package ID         : 05C2E82A9F2D3D5C87F2CBDAA14F7403-0000023795-001511 -->
<!-- Copyright (c) 2016 R. R. Donnelley & Sons Company. All Rights Reserved. -->
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseNet" xlink:type="locator" xlink:label="us-gaap_BelowMarketLeaseNet" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebt" xlink:type="locator" xlink:label="us-gaap_LongTermDebt" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Term Debt</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Liabilities</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:type="locator" xlink:label="us-gaap_CommitmentsAndContingencies" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and Contingencies - See Note 19</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
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    <label xml:lang="en-US" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated-Tomoka Land Co. Shareholders&apos; Equity:</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockValue" xlink:type="locator" xlink:label="us-gaap_CommonStockValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommonStockValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock &#8211; 25,000,000 shares authorized; $1 par value, 6,068,310 shares issued and 5,908,437 shares outstanding at December 31, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at December 31, 2014</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_CommonStockValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Value</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:type="locator" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:type="locator" xlink:label="us-gaap_DividendsCommonStockCash" />
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    <loc xlink:href="cto-20151231.xsd#cto_AccretionOfLoansOriginationFees" xlink:type="locator" xlink:label="cto_AccretionOfLoansOriginationFees" />
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    <loc xlink:href="cto-20151231.xsd#cto_ImpairmentChargeOnInvestmentSecurities" xlink:type="locator" xlink:label="cto_ImpairmentChargeOnInvestmentSecurities" />
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    <loc xlink:href="cto-20151231.xsd#cto_IncreaseDecreaseInLandAndDevelopmentCosts" xlink:type="locator" xlink:label="cto_IncreaseDecreaseInLandAndDevelopmentCosts" />
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    <loc xlink:href="cto-20151231.xsd#cto_IncreaseDecreaseInImpactFeesAndMitigationCredits" xlink:type="locator" xlink:label="cto_IncreaseDecreaseInImpactFeesAndMitigationCredits" />
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    <loc xlink:href="cto-20151231.xsd#cto_IncreaseDecreaseInPensionAssets" xlink:type="locator" xlink:label="cto_IncreaseDecreaseInPensionAssets" />
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    <loc xlink:href="cto-20151231.xsd#cto_PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleLeaseAssetsAndLiabilities" xlink:type="locator" xlink:label="cto_PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleLeaseAssetsAndLiabilities" />
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    <loc xlink:href="cto-20151231.xsd#cto_PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleLeaseAssetsAndLiabilitiesThroughBusinessCombinations" xlink:type="locator" xlink:label="cto_PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleLeaseAssetsAndLiabilitiesThroughBusinessCombinations" />
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    <loc xlink:href="cto-20151231.xsd#cto_ProceedsFromPaymentsForExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities" xlink:type="locator" xlink:label="cto_ProceedsFromPaymentsForExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:type="locator" xlink:label="us-gaap_DepreciationAndAmortization" />
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    <label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation And Amortization</label>
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    <label xml:lang="en-US" xlink:label="cto_AmortizationOfIntangibleLiabilitiesToIncomePropertyRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Intangible Liabilities To Income Property Revenue</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:type="locator" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Cost Amortization</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensation" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:type="locator" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfLongTermDebt" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:type="locator" xlink:label="us-gaap_ProceedsFromStockOptionsExercised" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" />
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    <label xml:lang="en-US" xlink:label="cto_ProceedsFromPaymentsForExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash From (Used For) Excess Tax Benefit (Expense) from Vesting of Restricted Stock</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsOfDividendsCommonStock" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
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    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentNameDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument Name</label>
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    <loc xlink:href="cto-20151231.xsd#cto_FourPointFiveZeroPercentSeniorNotesDueTwoThousandTwentyMember" xlink:type="locator" xlink:label="cto_FourPointFiveZeroPercentSeniorNotesDueTwoThousandTwentyMember" />
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    <loc xlink:href="cto-20151231.xsd#cto_LeeAndHendryCountyFloridaMember" xlink:type="locator" xlink:label="cto_LeeAndHendryCountyFloridaMember" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:type="locator" xlink:label="us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" />
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    <loc xlink:href="cto-20151231.xsd#cto_NonCashAccrualIncreaseInLandAndDevelopmentCostsAndAccruedAndOtherLiabilities" xlink:type="locator" xlink:label="cto_NonCashAccrualIncreaseInLandAndDevelopmentCostsAndAccruedAndOtherLiabilities" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MarketableSecuritiesGainLoss" xlink:type="locator" xlink:label="us-gaap_MarketableSecuritiesGainLoss" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:type="locator" xlink:label="us-gaap_AreaOfRealEstateProperty" />
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    <loc xlink:href="cto-20151231.xsd#cto_StockBasedAndNonCashCompensation" xlink:type="locator" xlink:label="cto_StockBasedAndNonCashCompensation" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LitigationSettlementAmount" xlink:type="locator" xlink:label="us-gaap_LitigationSettlementAmount" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:type="locator" xlink:label="us-gaap_AccountingPoliciesAbstract" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:type="locator" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of Real Estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:to="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Held For Development And Sale Policy</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncomePropertiesPolicyTextBlock" xlink:type="locator" xlink:label="cto_IncomePropertiesPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Income properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncomePropertiesPolicyTextBlock" xlink:to="cto_IncomePropertiesPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Property Leases</label>
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Properties Policy [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RevenueRecognitionIncomePropertiesPolicyTextBlock" xlink:type="locator" xlink:label="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue recognition income properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock" xlink:to="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Lease Expense</label>
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionIncomePropertiesPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Recognition Income Properties Policy [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RevenueRecognitionGolfOperationsPolicyTextBlock" xlink:type="locator" xlink:label="cto_RevenueRecognitionGolfOperationsPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionGolfOperationsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue recognition golf operations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RevenueRecognitionGolfOperationsPolicyTextBlock" xlink:to="cto_RevenueRecognitionGolfOperationsPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionGolfOperationsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golf Operations</label>
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionGolfOperationsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Recognition Golf Operations Policy [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock" xlink:type="locator" xlink:label="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue recognition other real estate interests.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock" xlink:to="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Real Estate Interests</label>
    <label xml:lang="en-US" xlink:label="cto_RevenueRecognitionOtherRealEstateInterestsPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Recognition Other Real Estate Interests Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-Based Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Option And Incentive Plans Policy</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings Per Common Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerSharePolicyTextBlock" xlink:to="us-gaap_EarningsPerSharePolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskCreditRisk" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskCreditRisk" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskCreditRisk_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration of Credit Risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskCreditRisk" xlink:to="us-gaap_ConcentrationRiskCreditRisk_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskCreditRisk_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Credit Risk</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="locator" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recently Issued Accounting Standards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">New Accounting Pronouncements Policy Policy [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:type="locator" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription" />
    <label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassifications</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:to="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Estimated Useful Lives for Property, Plant, and Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pro-Forma Results of Acquisitions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionProFormaInformationTextBlock" xlink:to="us-gaap_BusinessAcquisitionProFormaInformationTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionProFormaInformationTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Pro Forma Information [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Income from Discontinued Operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:to="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Commercial Loan Investment Portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock" xlink:to="us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfParticipatingMortgageLoansTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Participating Mortgage Loans [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Carrying Value of the Commercial Loan Investments Portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Accounts Notes Loans And Financing Receivable [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock" xlink:type="locator" xlink:label="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of land and development costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock" xlink:to="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Land and Development Costs</label>
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfLandAndDevelopmentCostsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Land And Development Costs Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock" xlink:type="locator" xlink:label="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of sales within the tomoka town center.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock" xlink:to="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Sales within the Tomoka Town Center</label>
    <label xml:lang="en-US" xlink:label="cto_SummaryOfSalesWithinTomokaTownCenterTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Sales Within Tomoka Town Center Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock" xlink:type="locator" xlink:label="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of reconciliation of land transactions closed.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock" xlink:to="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Reconciliation of the Land Transactions Closed</label>
    <label xml:lang="en-US" xlink:label="cto_SummaryOfReconciliationOfLandTransactionsClosedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Reconciliation Of Land Transactions Closed Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock" xlink:type="locator" xlink:label="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of lease payments and drilling penalties received on acreages.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock" xlink:to="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Lease Payments and Drilling Penalties Received on Acreages</label>
    <label xml:lang="en-US" xlink:label="cto_SummaryOfLeasePaymentsAndDrillingPenaltiesReceivedOnAcreagesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Lease Payments And Drilling Penalties Received On Acreages Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:type="locator" xlink:label="us-gaap_AvailableForSaleSecuritiesTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleSecuritiesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Available for Sale Securities</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleSecuritiesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Available For Sale Securities [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnInvestmentsTextBlock" xlink:type="locator" xlink:label="us-gaap_GainLossOnInvestmentsTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Recognized Gain and Losses on Sale of Investment Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnInvestmentsTextBlock" xlink:to="us-gaap_GainLossOnInvestmentsTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnInvestmentsTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss On Investments [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:type="locator" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock" />
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    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Nonvested Share Activity Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock" />
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    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Share Based Compensation Stock Options And Stock Appreciation Rights Award Activity Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Share Based Payment Award Employee Stock Purchase Plan Valuation Assumptions Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock" xlink:type="locator" xlink:label="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of recognized financial statements for stock options stock appreciation rights and restricted stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock" xlink:to="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock</label>
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfRecognizedFinancialStatementsForStockOptionsStockAppreciationRightsAndRestrictedStockTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Recognized Financial Statements For Stock Options Stock Appreciation Rights And Restricted Stock Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Provisions for Income Tax Benefit (Expense)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:to="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Components Of Income Tax Expense Benefit Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Deferred Income Tax Assets (Liabilities)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Deferred Tax Assets And Liabilities Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reconciliation of Income Tax Computed at Federal Statutory Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:to="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Effective Income Tax Rate Reconciliation Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Minimum Future Rental Payments under Non-Cancelable Operating Leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Future Minimum Rental Payments For Operating Leases Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock" xlink:type="locator" xlink:label="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of future minimum rental receipts for operating leases.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock" xlink:to="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Minimum Future Rentals Receipts under Non-Cancelable Operating Leases</label>
    <label xml:lang="en-US" xlink:label="cto_ScheduleOfFutureMinimumRentalReceiptsForOperatingLeasesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Future Minimum Rental Receipts For Operating Leases Table [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Operations in Different Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Segment Reporting Information By Segment [Text Block]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Quarterly Financial Data</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:to="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Quarterly Financial Information Table [Text Block]</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfOfficeBuildings" xlink:type="locator" xlink:label="cto_NumberOfOfficeBuildings" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfOfficeBuildings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of office buildings.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfOfficeBuildings" xlink:to="cto_NumberOfOfficeBuildings_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DebtInstrumentMaturityYearAndMonth" xlink:type="locator" xlink:label="cto_DebtInstrumentMaturityYearAndMonth" />
    <label xml:lang="en-US" xlink:label="cto_DebtInstrumentMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument maturity year and month.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DebtInstrumentMaturityYearAndMonth" xlink:to="cto_DebtInstrumentMaturityYearAndMonth_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Longterm Debt Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Longterm Debt Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NotesPayableToBanksMember" xlink:type="locator" xlink:label="us-gaap_NotesPayableToBanksMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Notes Payable [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableToBanksMember" xlink:to="us-gaap_NotesPayableToBanksMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable To Banks [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_UBSNotePayableMember" xlink:type="locator" xlink:label="cto_UBSNotePayableMember" />
    <label xml:lang="en-US" xlink:label="cto_UBSNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">UBS Note Payable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_UBSNotePayableMember" xlink:to="cto_UBSNotePayableMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_UBSNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">UBS Mortgage Note Payable [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_UBSNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">U B S Note Payable [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" xlink:type="locator" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Subject To Or Available For Operating Lease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" xlink:to="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Subject To Or Available For Operating Lease [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" xlink:type="locator" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Subject To Or Available For Operating Lease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" xlink:to="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Subject To Or Available For Operating Lease [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HiltonResortsCorporationMember" xlink:type="locator" xlink:label="cto_HiltonResortsCorporationMember" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Hilton Resorts Corporation-tenant.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HiltonResortsCorporationMember" xlink:to="cto_HiltonResortsCorporationMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hilton Resorts Corporation [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hilton Resorts Corporation [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BOANotePayableMember" xlink:type="locator" xlink:label="cto_BOANotePayableMember" />
    <label xml:lang="en-US" xlink:label="cto_BOANotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">BOA Note Payable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BOANotePayableMember" xlink:to="cto_BOANotePayableMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BOANotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BOA Mortgage Note Payable [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BOANotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">B O A Note Payable [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WellsFargoBankNotePayableMember" xlink:type="locator" xlink:label="cto_WellsFargoBankNotePayableMember" />
    <label xml:lang="en-US" xlink:label="cto_WellsFargoBankNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wells Fargo bank note payable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WellsFargoBankNotePayableMember" xlink:to="cto_WellsFargoBankNotePayableMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WellsFargoBankNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wells Fargo Mortgage Note Payable [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WellsFargoBankNotePayableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wells Fargo Bank Note Payable [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NotesPayableToBank" xlink:type="locator" xlink:label="us-gaap_NotesPayableToBank" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesPayableToBank_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Note Payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableToBank" xlink:to="us-gaap_NotesPayableToBank_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesPayableToBank_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable To Bank</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfOfficeBuildings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of office building</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfOfficeBuildings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Office Buildings</label>
    <label xml:lang="en-US" xlink:label="cto_DebtInstrumentMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity period</label>
    <label xml:lang="en-US" xlink:label="cto_DebtInstrumentMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Maturity Year And Month</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate on mortgage loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Interest Rate Stated Percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of acquisition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1" xlink:to="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Date Of Acquisition Agreement1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ValuationAllowanceTable" xlink:type="locator" xlink:label="us-gaap_ValuationAllowanceTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Allowance [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowanceTable" xlink:to="us-gaap_ValuationAllowanceTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Allowance [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ValuationAllowanceByDeferredTaxAssetAxis" xlink:type="locator" xlink:label="us-gaap_ValuationAllowanceByDeferredTaxAssetAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceByDeferredTaxAssetAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Allowance By Deferred Tax Asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowanceByDeferredTaxAssetAxis" xlink:to="us-gaap_ValuationAllowanceByDeferredTaxAssetAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceByDeferredTaxAssetAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Allowance By Deferred Tax Asset [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetDomain" xlink:type="locator" xlink:label="us-gaap_DeferredTaxAssetDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Tax Asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetDomain" xlink:to="us-gaap_DeferredTaxAssetDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Asset [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CharitableContributionsMember" xlink:type="locator" xlink:label="cto_CharitableContributionsMember" />
    <label xml:lang="en-US" xlink:label="cto_CharitableContributionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Charitable contributions.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CharitableContributionsMember" xlink:to="cto_CharitableContributionsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CharitableContributionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Charitable Contributions [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CharitableContributionsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Charitable Contributions [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ValuationAllowanceLineItems" xlink:type="locator" xlink:label="us-gaap_ValuationAllowanceLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Allowance [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ValuationAllowanceLineItems" xlink:to="us-gaap_ValuationAllowanceLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ValuationAllowanceLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Allowance [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExaminationYearUnderExamination" xlink:type="locator" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Year for audit of federal and state tax return by revenue service</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationYearUnderExamination" xlink:to="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationYearUnderExamination_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Examination Year Under Examination</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:type="locator" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest and penalties for uncertain tax positions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfCommercialRealEstateProperties" xlink:type="locator" xlink:label="cto_NumberOfCommercialRealEstateProperties" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of commercial real estate properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfCommercialRealEstateProperties" xlink:to="cto_NumberOfCommercialRealEstateProperties_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSelfDevelopedProperties" xlink:type="locator" xlink:label="cto_NumberOfSelfDevelopedProperties" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSelfDevelopedProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of self developed properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfSelfDevelopedProperties" xlink:to="cto_NumberOfSelfDevelopedProperties_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:type="locator" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Organization Consolidation And Presentation Of Financial Statements [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DescriptionOfBusinessLineItems" xlink:type="locator" xlink:label="cto_DescriptionOfBusinessLineItems" />
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Description of business.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DescriptionOfBusinessLineItems" xlink:to="cto_DescriptionOfBusinessLineItems_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable" xlink:type="locator" xlink:label="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable" />
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Description of business and significant accounting policies.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable" xlink:to="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Description Of Business And Significant Accounting Policies [Table]</label>
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessAndSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Description Of Business And Significant Accounting Policies [Table]</label>
    <loc xlink:href="cto-20151231.xsd#cto_AtlantaGeorgiaMember" xlink:type="locator" xlink:label="cto_AtlantaGeorgiaMember" />
    <label xml:lang="en-US" xlink:label="cto_AtlantaGeorgiaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Atlanta Georgia.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AtlantaGeorgiaMember" xlink:to="cto_AtlantaGeorgiaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AtlantaGeorgiaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Atlanta, GA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AtlantaGeorgiaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Atlanta Georgia [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InformationByFinancialStatementLineItemAxis" xlink:type="locator" xlink:label="us-gaap_InformationByFinancialStatementLineItemAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_InformationByFinancialStatementLineItemAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Information By Financial Statement Line Item</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InformationByFinancialStatementLineItemAxis" xlink:to="us-gaap_InformationByFinancialStatementLineItemAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_InformationByFinancialStatementLineItemAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Information By Financial Statement Line Item [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain" xlink:type="locator" xlink:label="us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain" xlink:to="us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancialStatementLineItemsWithDifferencesInReportedAmountAndReportingCurrencyDenominatedAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ReserveForTenantImprovementsMember" xlink:type="locator" xlink:label="cto_ReserveForTenantImprovementsMember" />
    <label xml:lang="en-US" xlink:label="cto_ReserveForTenantImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reserve for tenant improvements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReserveForTenantImprovementsMember" xlink:to="cto_ReserveForTenantImprovementsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ReserveForTenantImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reserve for Tenant Improvements [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ReserveForTenantImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reserve For Tenant Improvements [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_KatyTexasMember" xlink:type="locator" xlink:label="cto_KatyTexasMember" />
    <label xml:lang="en-US" xlink:label="cto_KatyTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Katy Texas.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_KatyTexasMember" xlink:to="cto_KatyTexasMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_KatyTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Katy, Texas [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_KatyTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Katy Texas [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:type="locator" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts Notes Loans And Financing Receivable By Receivable Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Notes Loans And Financing Receivable By Receivable Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:type="locator" xlink:label="us-gaap_ReceivableTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivable Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivableTypeDomain" xlink:to="us-gaap_ReceivableTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Receivable Type [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_TenantReimbursableExpensesMember" xlink:type="locator" xlink:label="cto_TenantReimbursableExpensesMember" />
    <label xml:lang="en-US" xlink:label="cto_TenantReimbursableExpensesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Tenant Reimbursable Expenses.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TenantReimbursableExpensesMember" xlink:to="cto_TenantReimbursableExpensesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TenantReimbursableExpensesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tenant Reimbursable Expenses</label>
    <label xml:lang="en-US" xlink:label="cto_TenantReimbursableExpensesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tenant Reimbursable Expenses [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseIncomeMember" xlink:type="locator" xlink:label="cto_LeaseIncomeMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">lease Income.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseIncomeMember" xlink:to="cto_LeaseIncomeMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Income</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Income [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateOperationsMember" xlink:type="locator" xlink:label="cto_RealEstateOperationsMember" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real Estate Operations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateOperationsMember" xlink:to="cto_RealEstateOperationsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate Operations</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Operations [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MembershipAndEventReceivablesMember" xlink:type="locator" xlink:label="cto_MembershipAndEventReceivablesMember" />
    <label xml:lang="en-US" xlink:label="cto_MembershipAndEventReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Membership And Event Receivables.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MembershipAndEventReceivablesMember" xlink:to="cto_MembershipAndEventReceivablesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MembershipAndEventReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ship And Event Receivables</label>
    <label xml:lang="en-US" xlink:label="cto_MembershipAndEventReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Membership And Event Receivables [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Plant And Equipment By Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment By Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Plant And Equipment Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Type [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_IntangibleAssetsMember" xlink:type="locator" xlink:label="cto_IntangibleAssetsMember" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible Assets [Member].</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntangibleAssetsMember" xlink:to="cto_IntangibleAssetsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Assets [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PlanNameAxis" xlink:type="locator" xlink:label="us-gaap_PlanNameAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameAxis" xlink:to="us-gaap_PlanNameAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PlanNameDomain" xlink:type="locator" xlink:label="us-gaap_PlanNameDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanNameDomain" xlink:to="us-gaap_PlanNameDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_TwoThousandTenPlanMember" xlink:type="locator" xlink:label="cto_TwoThousandTenPlanMember" />
    <label xml:lang="en-US" xlink:label="cto_TwoThousandTenPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Two thousand ten plan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TwoThousandTenPlanMember" xlink:to="cto_TwoThousandTenPlanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TwoThousandTenPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2010 Plan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_TwoThousandTenPlanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Two Thousand Ten Plan [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk By Benchmark</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk By Benchmark [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Benchmark</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNetMember" xlink:type="locator" xlink:label="us-gaap_SalesRevenueNetMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sales Revenue, Net [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetMember" xlink:to="us-gaap_SalesRevenueNetMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sales Revenue Net [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventMember" xlink:type="locator" xlink:label="us-gaap_SubsequentEventMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Description of Business [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_DescriptionOfBusinessLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Description Of Business [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of owned and managed commercial real estate properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Commercial Real Estate Properties</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfStatesInWhichEntityOperates" xlink:type="locator" xlink:label="us-gaap_NumberOfStatesInWhichEntityOperates" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfStatesInWhichEntityOperates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of states in which entity operates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfStatesInWhichEntityOperates" xlink:to="us-gaap_NumberOfStatesInWhichEntityOperates_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfStatesInWhichEntityOperates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of States In Which Entity Operates</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:type="locator" xlink:label="us-gaap_NumberOfRealEstateProperties" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial real estate properties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfRealEstateProperties" xlink:to="us-gaap_NumberOfRealEstateProperties_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSelfDevelopedProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Self developed multi-tenant properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSelfDevelopedProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Self Developed Properties</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Gross leasable space</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AreaOfLand" xlink:type="locator" xlink:label="us-gaap_AreaOfLand" />
    <label xml:lang="en-US" xlink:label="us-gaap_AreaOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfLand" xlink:to="us-gaap_AreaOfLand_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AreaOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Land</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of commercial mortgage loan investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:to="us-gaap_MortgageLoansOnRealEstateNumberOfLoans_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Number Of Loans</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfPropertiesSubjectToGroundLeases" xlink:type="locator" xlink:label="us-gaap_NumberOfPropertiesSubjectToGroundLeases" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfPropertiesSubjectToGroundLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of billboards leased for property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfPropertiesSubjectToGroundLeases" xlink:to="us-gaap_NumberOfPropertiesSubjectToGroundLeases_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfPropertiesSubjectToGroundLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Subject To Ground Leases</label>
    <loc xlink:href="cto-20151231.xsd#cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod" xlink:type="locator" xlink:label="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod" />
    <label xml:lang="en-US" xlink:label="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash and cash equivalents maximum original maturity period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod" xlink:to="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents maximum original maturity period</label>
    <label xml:lang="en-US" xlink:label="cto_CashAndCashEquivalentsMaximumOriginalMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents Maximum Original Maturity Period</label>
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows" xlink:type="locator" xlink:label="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted cash held for payment of property taxes and insurance escrows.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows" xlink:to="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_BusinessAcquisitionNumberOfAcquiredProperty" xlink:type="locator" xlink:label="cto_BusinessAcquisitionNumberOfAcquiredProperty" />
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionNumberOfAcquiredProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition number of acquired property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BusinessAcquisitionNumberOfAcquiredProperty" xlink:to="cto_BusinessAcquisitionNumberOfAcquiredProperty_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash held in reserve for property taxes and insurance escrows</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash Held For Payment Of Property Taxes And Insurance Escrows</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EscrowDeposit" xlink:type="locator" xlink:label="us-gaap_EscrowDeposit" />
    <label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash held in escrow related to land transaction</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDeposit" xlink:to="us-gaap_EscrowDeposit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Deposit</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionNumberOfAcquiredProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of income properties acquired</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionNumberOfAcquiredProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Number Of Acquired Property</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireInterestInJointVenture" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireInterestInJointVenture_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reserve for future interest payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:to="us-gaap_PaymentsToAcquireInterestInJointVenture_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireInterestInJointVenture_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Interest In Joint Venture</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount" xlink:type="locator" xlink:label="us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount" />
    <label xml:lang="en-US" xlink:label="us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment charge other-than-temporary impairments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount" xlink:to="us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:type="locator" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld" />
    <label xml:lang="en-US" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivatives outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:to="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Number Of Instruments Held</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsReceivableGross" xlink:type="locator" xlink:label="us-gaap_AccountsReceivableGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts receivable included in other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableGross" xlink:to="us-gaap_AccountsReceivableGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Receivable Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:type="locator" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable" />
    <label xml:lang="en-US" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance for doubtful accounts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Doubtful Accounts Receivable</label>
    <loc xlink:href="cto-20151231.xsd#cto_SubsurfaceInterestNetCostBasis" xlink:type="locator" xlink:label="cto_SubsurfaceInterestNetCostBasis" />
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestNetCostBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Subsurface interest net cost basis.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SubsurfaceInterestNetCostBasis" xlink:to="cto_SubsurfaceInterestNetCostBasis_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestNetCostBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsurface interest net cost basis</label>
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestNetCostBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsurface Interest Net Cost Basis</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Depreciation and amortization of property plant and equipment</label>
    <label xml:lang="en-US" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Interest paid, capitalized</label>
    <loc xlink:href="cto-20151231.xsd#cto_CollaborationArrangementDisclosureAbstract" xlink:type="locator" xlink:label="cto_CollaborationArrangementDisclosureAbstract" />
    <label xml:lang="en-US" xlink:label="cto_CollaborationArrangementDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Collaboration Arrangement Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CollaborationArrangementDisclosureAbstract" xlink:to="cto_CollaborationArrangementDisclosureAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CollaborationArrangementDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Collaboration Arrangement Disclosure [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Property Plant And Equipment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Property Plant And Equipment [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:type="locator" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Golf Buildings and Improvements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Building And Building Improvements [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquipmentMember" xlink:type="locator" xlink:label="us-gaap_EquipmentMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golf Equipment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquipmentMember" xlink:to="us-gaap_EquipmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equipment [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncomePropertiesBuildingsAndImprovementsMember" xlink:type="locator" xlink:label="cto_IncomePropertiesBuildingsAndImprovementsMember" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesBuildingsAndImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Income properties buildings and improvements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncomePropertiesBuildingsAndImprovementsMember" xlink:to="cto_IncomePropertiesBuildingsAndImprovementsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesBuildingsAndImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Properties Buildings and Improvements [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesBuildingsAndImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Properties Buildings And Improvements [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_OtherFurnishingsAndEquipmentMember" xlink:type="locator" xlink:label="cto_OtherFurnishingsAndEquipmentMember" />
    <label xml:lang="en-US" xlink:label="cto_OtherFurnishingsAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Other furnishings and equipment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OtherFurnishingsAndEquipmentMember" xlink:to="cto_OtherFurnishingsAndEquipmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_OtherFurnishingsAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Furnishings and Equipment [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_OtherFurnishingsAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Furnishings And Equipment [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_AgricultureEquipmentMember" xlink:type="locator" xlink:label="cto_AgricultureEquipmentMember" />
    <label xml:lang="en-US" xlink:label="cto_AgricultureEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Agriculture equipment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AgricultureEquipmentMember" xlink:to="cto_AgricultureEquipmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AgricultureEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Agriculture Equipment [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AgricultureEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Agriculture Equipment [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RangeAxis" xlink:type="locator" xlink:label="us-gaap_RangeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RangeMember" xlink:type="locator" xlink:label="us-gaap_RangeMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MinimumMember" xlink:type="locator" xlink:label="us-gaap_MinimumMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MaximumMember" xlink:type="locator" xlink:label="us-gaap_MaximumMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Plant And Equipment [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Useful lives for property, plant, and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Useful Life</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfFacilityOperatedByEntity" xlink:type="locator" xlink:label="cto_NumberOfFacilityOperatedByEntity" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfFacilityOperatedByEntity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of facility operated by entity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfFacilityOperatedByEntity" xlink:to="cto_NumberOfFacilityOperatedByEntity_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_GolfCourseAndClubhouseFacilityMembershipPeriod" xlink:type="locator" xlink:label="cto_GolfCourseAndClubhouseFacilityMembershipPeriod" />
    <label xml:lang="en-US" xlink:label="cto_GolfCourseAndClubhouseFacilityMembershipPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Golf course and clubhouse facility membership period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GolfCourseAndClubhouseFacilityMembershipPeriod" xlink:to="cto_GolfCourseAndClubhouseFacilityMembershipPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfFacilityOperatedByEntity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Facilities operated by company</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfFacilityOperatedByEntity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Facility Operated By Entity</label>
    <label xml:lang="en-US" xlink:label="cto_GolfCourseAndClubhouseFacilityMembershipPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golf course and clubhouse facility membership period</label>
    <label xml:lang="en-US" xlink:label="cto_GolfCourseAndClubhouseFacilityMembershipPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Golf Course And Clubhouse Facility Membership Period</label>
    <loc xlink:href="cto-20151231.xsd#cto_ShareBasedPaymentPlanExpiryMonthYear" xlink:type="locator" xlink:label="cto_ShareBasedPaymentPlanExpiryMonthYear" />
    <label xml:lang="en-US" xlink:label="cto_ShareBasedPaymentPlanExpiryMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based payment plan expiry month year.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ShareBasedPaymentPlanExpiryMonthYear" xlink:to="cto_ShareBasedPaymentPlanExpiryMonthYear_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfNewOptionSharesIssued" xlink:type="locator" xlink:label="cto_NumberOfNewOptionSharesIssued" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfNewOptionSharesIssued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of new option shares issued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfNewOptionSharesIssued" xlink:to="cto_NumberOfNewOptionSharesIssued_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award plan, number of common stock that may be issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedPaymentPlanExpiryMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2001 plan expiry date</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedPaymentPlanExpiryMonthYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Payment Plan Expiry Month Year</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfNewOptionSharesIssued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of new option shares issued after April 2011</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfNewOptionSharesIssued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of New Option Shares Issued</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock options vesting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock options expiration period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period</label>
    <loc xlink:href="cto-20151231.xsd#cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms" xlink:type="locator" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms" />
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award award termination terms.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms" xlink:to="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of additional shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Based awards, maximum subscription per participant</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2010 plan award termination description</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTerminationTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Award Termination Terms</label>
    <loc xlink:href="cto-20151231.xsd#cto_ReserveForUncertainTaxPositions" xlink:type="locator" xlink:label="cto_ReserveForUncertainTaxPositions" />
    <label xml:lang="en-US" xlink:label="cto_ReserveForUncertainTaxPositions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reserve for uncertain tax positions.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReserveForUncertainTaxPositions" xlink:to="cto_ReserveForUncertainTaxPositions_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ReserveForUncertainTaxPositions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reserves for uncertain income tax positions</label>
    <label xml:lang="en-US" xlink:label="cto_ReserveForUncertainTaxPositions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reserve For Uncertain Tax Positions</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncomePropertyPortfolioPercentage" xlink:type="locator" xlink:label="cto_IncomePropertyPortfolioPercentage" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertyPortfolioPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Income property portfolio percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncomePropertyPortfolioPercentage" xlink:to="cto_IncomePropertyPortfolioPercentage_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertyPortfolioPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income property portfolio, interest rate</label>
    <label xml:lang="en-US" xlink:label="cto_IncomePropertyPortfolioPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Property Portfolio Percentage</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfTenants" xlink:type="locator" xlink:label="cto_NumberOfTenants" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfTenants_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of tenants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfTenants" xlink:to="cto_NumberOfTenants_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfTenants_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of tenants</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfTenants_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Tenants</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskPercentage1" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income portfolio, rent percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Percentage1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:type="locator" xlink:label="us-gaap_UnamortizedDebtIssuanceExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnamortizedDebtIssuanceExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unamortized debt issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnamortizedDebtIssuanceExpense" xlink:to="us-gaap_UnamortizedDebtIssuanceExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnamortizedDebtIssuanceExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unamortized Debt Issuance Expense</label>
    <loc xlink:href="cto-20151231.xsd#cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets" xlink:type="locator" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets" />
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prior period reclassification adjustment increase (decrease) in intangible assets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets" xlink:to="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment" xlink:type="locator" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment" />
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prior period reclassification adjustment increase (decrease) in property plant and equipment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment" xlink:to="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities" xlink:type="locator" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities" />
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prior period reclassification adjustment increase (decrease) in accrues and other liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities" xlink:to="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues" xlink:type="locator" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues" />
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prior period reclassification adjustment increase (decrease) in revenues.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues" xlink:to="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod" xlink:type="locator" xlink:label="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod" />
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition finalization number of acquired property during prior period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod" xlink:to="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustment" xlink:type="locator" xlink:label="us-gaap_PriorPeriodReclassificationAdjustment" />
    <label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount reclassified to land, timber, and development costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PriorPeriodReclassificationAdjustment" xlink:to="us-gaap_PriorPeriodReclassificationAdjustment_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PriorPeriodReclassificationAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassifications to the purchase price allocations, increase in intangible assets</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment Increase Decrease In Intangible Assets</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassifications to the purchase price allocations, decrease in properties, land, buildings, and improvements</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInPropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment Increase Decrease In Property Plant And Equipment</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassifications to the purchase price allocations, increase in accrued and other liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInAccruesAndOtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment Increase Decrease In Accrues And Other Liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in revenues and the direct costs of revenues</label>
    <label xml:lang="en-US" xlink:label="cto_PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prior Period Reclassification Adjustment Increase Decrease In Revenues</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of income properties acquired during prior year finalized</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionFinalizationNumberOfAcquiredPropertyDuringPriorPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Finalization Number Of Acquired Property During Prior Period</label>
    <loc xlink:href="cto-20151231.xsd#cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife" xlink:type="locator" xlink:label="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife" />
    <label xml:lang="en-US" xlink:label="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquired finite lived intangible assets and liabilities weighted average useful life.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife" xlink:to="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_BusinessAcquisitionInformationLineItems" xlink:type="locator" xlink:label="cto_BusinessAcquisitionInformationLineItems" />
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition information.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BusinessAcquisitionInformationLineItems" xlink:to="cto_BusinessAcquisitionInformationLineItems_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_BusinessAcquisitionInformationTable" xlink:type="locator" xlink:label="cto_BusinessAcquisitionInformationTable" />
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition information.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BusinessAcquisitionInformationTable" xlink:to="cto_BusinessAcquisitionInformationTable_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business Acquisition Information [Table]</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Information [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByAssetClassAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByAssetClassAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value By Asset Class</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByAssetClassAxis" xlink:to="us-gaap_FairValueByAssetClassAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Asset Class [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation By Asset Class</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation By Asset Class [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMember" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMember" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:type="locator" xlink:label="us-gaap_MajorPropertyClassAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorPropertyClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Major Property Class</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorPropertyClassAxis" xlink:to="us-gaap_MajorPropertyClassAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorPropertyClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Major Property Class [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:type="locator" xlink:label="us-gaap_MajorPropertyClassDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorPropertyClassDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Major Property Class</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorPropertyClassDomain" xlink:to="us-gaap_MajorPropertyClassDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorPropertyClassDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Major Property Class [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SingleTenantPropertiesMember" xlink:type="locator" xlink:label="cto_SingleTenantPropertiesMember" />
    <label xml:lang="en-US" xlink:label="cto_SingleTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Single tenant properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SingleTenantPropertiesMember" xlink:to="cto_SingleTenantPropertiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SingleTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Single-Tenant Properties [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SingleTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Single Tenant Properties [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MultiTenantPropertiesMember" xlink:type="locator" xlink:label="cto_MultiTenantPropertiesMember" />
    <label xml:lang="en-US" xlink:label="cto_MultiTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Multi tenant properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MultiTenantPropertiesMember" xlink:to="cto_MultiTenantPropertiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MultiTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multi-Tenant Properties [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MultiTenantPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Multi Tenant Properties [Member]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings and Improvements [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RaleighNorthCarolinaMember" xlink:type="locator" xlink:label="cto_RaleighNorthCarolinaMember" />
    <label xml:lang="en-US" xlink:label="cto_RaleighNorthCarolinaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Raleigh, North Carolina.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RaleighNorthCarolinaMember" xlink:to="cto_RaleighNorthCarolinaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RaleighNorthCarolinaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Raleigh North Carolina</label>
    <label xml:lang="en-US" xlink:label="cto_RaleighNorthCarolinaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Raleigh North Carolina [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_JacksonvilleFloridaMember" xlink:type="locator" xlink:label="cto_JacksonvilleFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_JacksonvilleFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Jacksonville, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_JacksonvilleFloridaMember" xlink:to="cto_JacksonvilleFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_JacksonvilleFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Jacksonville, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_JacksonvilleFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Jacksonville Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WinterParkFlMember" xlink:type="locator" xlink:label="cto_WinterParkFlMember" />
    <label xml:lang="en-US" xlink:label="cto_WinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Winter park FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WinterParkFlMember" xlink:to="cto_WinterParkFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Winter Park, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Winter Park Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_GlendaleArizonaMember" xlink:type="locator" xlink:label="cto_GlendaleArizonaMember" />
    <label xml:lang="en-US" xlink:label="cto_GlendaleArizonaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Glendale Arizona.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GlendaleArizonaMember" xlink:to="cto_GlendaleArizonaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_GlendaleArizonaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Glendale, Arizona [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_GlendaleArizonaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Glendale Arizona [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MelbourneFloridaMember" xlink:type="locator" xlink:label="cto_MelbourneFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_MelbourneFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Melbourne, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MelbourneFloridaMember" xlink:to="cto_MelbourneFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MelbourneFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Melbourne, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MelbourneFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Melbourne Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_VeroBeachFloridaMember" xlink:type="locator" xlink:label="cto_VeroBeachFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_VeroBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Vero Beach, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_VeroBeachFloridaMember" xlink:to="cto_VeroBeachFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_VeroBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vero Beach, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_VeroBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vero Beach Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ClermontFloridaMember" xlink:type="locator" xlink:label="cto_ClermontFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_ClermontFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Clermont, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ClermontFloridaMember" xlink:to="cto_ClermontFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ClermontFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Clermont, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ClermontFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Clermont Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SanfordFloridaMember" xlink:type="locator" xlink:label="cto_SanfordFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_SanfordFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sanford, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SanfordFloridaMember" xlink:to="cto_SanfordFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SanfordFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sanford, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SanfordFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sanford Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SanfordAndSebastianFloridaMember" xlink:type="locator" xlink:label="cto_SanfordAndSebastianFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_SanfordAndSebastianFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sanford and Sebastian, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SanfordAndSebastianFloridaMember" xlink:to="cto_SanfordAndSebastianFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SanfordAndSebastianFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sanford and Sebastian, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SanfordAndSebastianFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sanford And Sebastian Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite lived intangible assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember" xlink:to="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Assets and Liabilities [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAndLiabilitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets And Liabilities [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ApopkaFloridaMember" xlink:type="locator" xlink:label="cto_ApopkaFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_ApopkaFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Apopka, Florida [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ApopkaFloridaMember" xlink:to="cto_ApopkaFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ApopkaFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Apopka, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ApopkaFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Apopka Florida [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:type="locator" xlink:label="us-gaap_CounterpartyNameAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_CounterpartyNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Counterparty Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CounterpartyNameAxis" xlink:to="us-gaap_CounterpartyNameAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CounterpartyNameAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty Name [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:type="locator" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase Agreement Counterparty Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:to="us-gaap_RepurchaseAgreementCounterpartyNameDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Agreement Counterparty Name [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WalgreenMember" xlink:type="locator" xlink:label="cto_WalgreenMember" />
    <label xml:lang="en-US" xlink:label="cto_WalgreenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Walgreen.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WalgreenMember" xlink:to="cto_WalgreenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WalgreenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Walgreen [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WalgreenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Walgreen [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business Acquisition Information [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_BusinessAcquisitionInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Information [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total acquisition cost of property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination Consideration Transferred1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate purchase price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesGross" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Businesses Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price allocated to land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:to="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Additions</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireRealEstate" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price allocated to buildings and improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstate" xlink:to="us-gaap_PaymentsToAcquireRealEstate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Real Estate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price allocated to amortizable intangible assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:to="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Intangible Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquired Finite Lived Intangible Assets and Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Accumulated Amortization</label>
    <label xml:lang="en-US" xlink:label="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization allocated to intangible assets and liabilities, period</label>
    <label xml:lang="en-US" xlink:label="cto_AcquiredFiniteLivedIntangibleAssetsAndLiabilitiesWeightedAverageUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Acquired Finite Lived Intangible Assets And Liabilities Weighted Average Useful Life</label>
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfBuildingAcquired" xlink:type="locator" xlink:label="cto_AreaOfBuildingAcquired" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of building acquired.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfBuildingAcquired" xlink:to="cto_AreaOfBuildingAcquired_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfBuildingsSold" xlink:type="locator" xlink:label="cto_NumberOfBuildingsSold" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfBuildingsSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of buildings sold.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfBuildingsSold" xlink:to="cto_NumberOfBuildingsSold_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PercentageOfPropertyOccupiedAtAcquisition" xlink:type="locator" xlink:label="cto_PercentageOfPropertyOccupiedAtAcquisition" />
    <label xml:lang="en-US" xlink:label="cto_PercentageOfPropertyOccupiedAtAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of property occupied at acquisition.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PercentageOfPropertyOccupiedAtAcquisition" xlink:to="cto_PercentageOfPropertyOccupiedAtAcquisition_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_WeightedAverageRemainingLeaseTerm" xlink:type="locator" xlink:label="cto_WeightedAverageRemainingLeaseTerm" />
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted average remaining lease term.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WeightedAverageRemainingLeaseTerm" xlink:to="cto_WeightedAverageRemainingLeaseTerm_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of property acquired</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Building Acquired</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfBuildingsSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of buildings sold</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfBuildingsSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Buildings Sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition cost of property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Property Plant And Equipment</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfPropertyOccupiedAtAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of property occupied</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfPropertyOccupiedAtAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Property Occupied At Acquisition</label>
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average remaining lease term</label>
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Remaining Lease Term</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseTermPeriod" xlink:type="locator" xlink:label="cto_LeaseTermPeriod" />
    <label xml:lang="en-US" xlink:label="cto_LeaseTermPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease term period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseTermPeriod" xlink:to="cto_LeaseTermPeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_OperatingLeaseRentIncrementTerm" xlink:type="locator" xlink:label="cto_OperatingLeaseRentIncrementTerm" />
    <label xml:lang="en-US" xlink:label="cto_OperatingLeaseRentIncrementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating lease rent increment term.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OperatingLeaseRentIncrementTerm" xlink:to="cto_OperatingLeaseRentIncrementTerm_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseTermPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial lease term</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseTermPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Term Period</label>
    <label xml:lang="en-US" xlink:label="cto_OperatingLeaseRentIncrementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease rent increment term, in years</label>
    <label xml:lang="en-US" xlink:label="cto_OperatingLeaseRentIncrementTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Rent Increment Term</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans on real estate, carrying amount of mortgages</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:to="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Carrying Amount Of Mortgages</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" xlink:type="locator" xlink:label="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans on real estate, maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" xlink:to="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loan On Real Estate Final Maturity Date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionsProFormaRevenue" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionsProFormaRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Revenues</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:to="us-gaap_BusinessAcquisitionsProFormaRevenue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionsProFormaRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisitions Pro Forma Revenue</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:to="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisitions Pro Forma Net Income Loss</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Diluted EPS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted" xlink:to="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Pro Forma Earnings Per Share Diluted</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSingleTenantIncomePropertiesSold" xlink:type="locator" xlink:label="cto_NumberOfSingleTenantIncomePropertiesSold" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSingleTenantIncomePropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of single-tenant income properties sold.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfSingleTenantIncomePropertiesSold" xlink:to="cto_NumberOfSingleTenantIncomePropertiesSold_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSingleTenantIncomePropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of single-tenant income properties sold</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSingleTenantIncomePropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Single Tenant Income Properties Sold</label>
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfBuildingSold" xlink:type="locator" xlink:label="cto_AreaOfBuildingSold" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of building sold.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfBuildingSold" xlink:to="cto_AreaOfBuildingSold_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_GainLossOnSaleOfBuildingPerShare" xlink:type="locator" xlink:label="cto_GainLossOnSaleOfBuildingPerShare" />
    <label xml:lang="en-US" xlink:label="cto_GainLossOnSaleOfBuildingPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain loss on sale of building per share.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GainLossOnSaleOfBuildingPerShare" xlink:to="cto_GainLossOnSaleOfBuildingPerShare_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of building sold</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfBuildingSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Building Sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromSaleOfBuildings" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfBuildings" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfBuildings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from building</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfBuildings" xlink:to="us-gaap_ProceedsFromSaleOfBuildings_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfBuildings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Buildings</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:type="locator" xlink:label="us-gaap_GainLossOnSaleOfProperties" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain (loss) on sale of property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss On Sale Of Properties</label>
    <label xml:lang="en-US" xlink:label="cto_GainLossOnSaleOfBuildingPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss on sale of building per share after tax</label>
    <label xml:lang="en-US" xlink:label="cto_GainLossOnSaleOfBuildingPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss On Sale Of Building Per Share</label>
    <loc xlink:href="cto-20151231.xsd#cto_PaymentsToAcquireIntangibleAssetsAndLiabilities" xlink:type="locator" xlink:label="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities" />
    <label xml:lang="en-US" xlink:label="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire intangible assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities" xlink:to="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of Land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land</label>
    <label xml:lang="en-US" xlink:label="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price allocated to amortizable intangible assets and liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_PaymentsToAcquireIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Intangible Assets And Liabilities</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfPropertiesDisposed" xlink:type="locator" xlink:label="cto_NumberOfPropertiesDisposed" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfPropertiesDisposed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Properties Disposed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfPropertiesDisposed" xlink:to="cto_NumberOfPropertiesDisposed_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease" xlink:type="locator" xlink:label="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of discontinued operations sold property under lease.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease" xlink:to="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfPropertiesDisposed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of income properties disposed of or qualified as assets held for sale</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfPropertiesDisposed_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Disposed</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of discontinued operations sold property under lease</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfDiscontinuedOperationsSoldPropertyUnderLease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Discontinued Operations Sold Property Under Lease</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfInvestmentProperties" xlink:type="locator" xlink:label="cto_NumberOfInvestmentProperties" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfInvestmentProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of investment properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfInvestmentProperties" xlink:to="cto_NumberOfInvestmentProperties_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfInvestmentProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of investment in single-tenant income properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfInvestmentProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Investment Properties</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:type="locator" xlink:label="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on Sale of Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:to="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:type="locator" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leasing Revenue and Other Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Including Discontinued Operation Revenue</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:type="locator" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Costs and Other Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Including Discontinued Operation Costs Of Goods Sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" xlink:type="locator" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income from Operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Including Discontinued Operation Operating Income Loss</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:type="locator" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf" />
    <label xml:lang="en-US" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment Charges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf" xlink:to="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsToBeDisposedOf_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Of Long Lived Assets To Be Disposed Of</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:type="locator" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income before Income Tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Discontinued Operation Income Loss From Discontinued Operation Before Income Tax</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:type="locator" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income Tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Discontinued Operation Tax Effect Of Discontinued Operation</label>
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income from Discontinued Operations</label>
    <loc xlink:href="cto-20151231.xsd#cto_MortgageAndOtherLoansMaturityDate" xlink:type="locator" xlink:label="cto_MortgageAndOtherLoansMaturityDate" />
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage and other loans maturity date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgageAndOtherLoansMaturityDate" xlink:to="cto_MortgageAndOtherLoansMaturityDate_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LoanOriginationFee" xlink:type="locator" xlink:label="cto_LoanOriginationFee" />
    <label xml:lang="en-US" xlink:label="cto_LoanOriginationFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan origination fee.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LoanOriginationFee" xlink:to="cto_LoanOriginationFee_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Accounts Notes Loans And Financing Receivable [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Accounts Notes Loans And Financing Receivable [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoanRestructuringModificationAxis" xlink:type="locator" xlink:label="us-gaap_LoanRestructuringModificationAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Restructuring Modification</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoanRestructuringModificationAxis" xlink:to="us-gaap_LoanRestructuringModificationAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Restructuring Modification [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoanRestructuringModificationDomain" xlink:type="locator" xlink:label="us-gaap_LoanRestructuringModificationDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Restructuring Modification</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoanRestructuringModificationDomain" xlink:to="us-gaap_LoanRestructuringModificationDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Restructuring Modification [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MortgagePayableCurrentMember" xlink:type="locator" xlink:label="cto_MortgagePayableCurrentMember" />
    <label xml:lang="en-US" xlink:label="cto_MortgagePayableCurrentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage Payable Current Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgagePayableCurrentMember" xlink:to="cto_MortgagePayableCurrentMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MortgagePayableCurrentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Payable Current [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MortgagePayableCurrentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Payable Current [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MortgageAccrueOverTermOfLoanMember" xlink:type="locator" xlink:label="cto_MortgageAccrueOverTermOfLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_MortgageAccrueOverTermOfLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage accrue over the term of the loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgageAccrueOverTermOfLoanMember" xlink:to="cto_MortgageAccrueOverTermOfLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MortgageAccrueOverTermOfLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Accrue Over the Term of the Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageAccrueOverTermOfLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Accrue Over Term Of Loan [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SanJuanPuertoRicoMember" xlink:type="locator" xlink:label="cto_SanJuanPuertoRicoMember" />
    <label xml:lang="en-US" xlink:label="cto_SanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">San Juan, Puerto Rico.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SanJuanPuertoRicoMember" xlink:to="cto_SanJuanPuertoRicoMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">San Juan, Puerto Rico [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">San Juan Puerto Rico [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans On Real Estate Description Loan Category</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Description Loan Category [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans On Real Estate Loan Category</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain" xlink:to="us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Loan Category [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FirstMortgageMember" xlink:type="locator" xlink:label="us-gaap_FirstMortgageMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_FirstMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">First Mortgage [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FirstMortgageMember" xlink:to="us-gaap_FirstMortgageMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FirstMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">First Mortgage [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans On Real Estate Description Type Of Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Description Type Of Property [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans On Real Estate Name Property Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:to="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Name Property Type [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_HotelMember" xlink:type="locator" xlink:label="us-gaap_HotelMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_HotelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hotel [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HotelMember" xlink:to="us-gaap_HotelMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_HotelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hotel [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_OrmondBeachFloridaMember" xlink:type="locator" xlink:label="cto_OrmondBeachFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_OrmondBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Ormond beach Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OrmondBeachFloridaMember" xlink:to="cto_OrmondBeachFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_OrmondBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ormond Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_OrmondBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ormond Beach Florida [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_GlendaleAZMember" xlink:type="locator" xlink:label="cto_GlendaleAZMember" />
    <label xml:lang="en-US" xlink:label="cto_GlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Glendale AZ .</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GlendaleAZMember" xlink:to="cto_GlendaleAZMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_GlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Glendale, AZ [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_GlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Glendale A Z [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SarasotaFlMember" xlink:type="locator" xlink:label="cto_SarasotaFlMember" />
    <label xml:lang="en-US" xlink:label="cto_SarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sarasota Fl.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SarasotaFlMember" xlink:to="cto_SarasotaFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sarasota, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sarasota Fl [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageReceivablesMember" xlink:type="locator" xlink:label="us-gaap_MortgageReceivablesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Mortgage Loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageReceivablesMember" xlink:to="us-gaap_MortgageReceivablesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Receivables [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:type="locator" xlink:label="us-gaap_FinancialInstrumentAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instrument</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:type="locator" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transfers And Servicing Of Financial Instruments Types Of Financial Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Transfers And Servicing Of Financial Instruments Types Of Financial Instruments [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DevelopmentLoanMember" xlink:type="locator" xlink:label="cto_DevelopmentLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_DevelopmentLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Development loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DevelopmentLoanMember" xlink:to="cto_DevelopmentLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DevelopmentLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Development Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DevelopmentLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Development Loan [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis" xlink:type="locator" xlink:label="us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets And Associated Liabilities Accounted For As Secured Borrowings By Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis" xlink:to="us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets And Associated Liabilities Accounted For As Secured Borrowings By Type [Axis]</label>
    <loc xlink:href="cto-20151231.xsd#cto_NoteBMember" xlink:type="locator" xlink:label="cto_NoteBMember" />
    <label xml:lang="en-US" xlink:label="cto_NoteBMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Note B.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NoteBMember" xlink:to="cto_NoteBMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NoteBMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">B-Note [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NoteBMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Note B [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:type="locator" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Major Types Of Debt And Equity Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:to="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Major Types Of Debt And Equity Securities [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:type="locator" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Major Types Of Debt And Equity Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:to="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Major Types Of Debt And Equity Securities [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Mortgage Backed Securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:to="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Mortgage Backed Securities [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember" xlink:type="locator" xlink:label="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember" />
    <label xml:lang="en-US" xlink:label="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Dallas Texas Sarasota Florida Atlanta Georgia San Juan ,Puerto Rico.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember" xlink:to="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas, TX , Sarasota, FL, Atlanta, GA and San Juan, Puerto Rico [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DallasTexasSarasotaFloridaAtlantaGeorgiaSanJuanPuertoRicoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dallas Texas Sarasota Florida Atlanta Georgia San Juan Puerto Rico [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:type="locator" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts Notes And Loans Receivable [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:to="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccountsNotesAndLoansReceivableLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Notes And Loans Receivable [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromLoanOriginations1" xlink:type="locator" xlink:label="us-gaap_ProceedsFromLoanOriginations1" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLoanOriginations1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loan originated amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLoanOriginations1" xlink:to="us-gaap_ProceedsFromLoanOriginations1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLoanOriginations1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Loan Originations1</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity Date</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage And Other Loans Maturity Date</label>
    <label xml:lang="en-US" xlink:label="cto_LoanOriginationFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan origination fee</label>
    <label xml:lang="en-US" xlink:label="cto_LoanOriginationFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Origination Fee</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:type="locator" xlink:label="us-gaap_LoansReceivableBasisSpreadOnVariableRate" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableBasisSpreadOnVariableRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans receivable basis spread on variable rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:to="us-gaap_LoansReceivableBasisSpreadOnVariableRate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableBasisSpreadOnVariableRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable Basis Spread On Variable Rate</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfLoansPaidOff" xlink:type="locator" xlink:label="cto_NumberOfLoansPaidOff" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansPaidOff_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of loans paid off.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfLoansPaidOff" xlink:to="cto_NumberOfLoansPaidOff_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansPaidOff_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of commercial loan investments paid off</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansPaidOff_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Loans Paid Off</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromLoans" xlink:type="locator" xlink:label="us-gaap_ProceedsFromLoans" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principle received from commercial loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLoans" xlink:to="us-gaap_ProceedsFromLoans_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Loans</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SecuredLongTermDebt" xlink:type="locator" xlink:label="us-gaap_SecuredLongTermDebt" />
    <label xml:lang="en-US" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of commercial mortgage loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredLongTermDebt" xlink:to="us-gaap_SecuredLongTermDebt_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Secured Long Term Debt</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtPercentageBearingVariableInterestRate" xlink:type="locator" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, basis points</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtPercentageBearingVariableInterestRate" xlink:to="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Percentage Bearing Variable Interest Rate</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfLoansOwned" xlink:type="locator" xlink:label="cto_NumberOfLoansOwned" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of loans owned.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfLoansOwned" xlink:to="cto_NumberOfLoansOwned_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod" xlink:type="locator" xlink:label="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod" />
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and leases receivable net average remaining maturity period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod" xlink:to="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LoansAndLeasesReceivableWeightedAverageInterestRate" xlink:type="locator" xlink:label="cto_LoansAndLeasesReceivableWeightedAverageInterestRate" />
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and leases receivable weighted average interest rate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LoansAndLeasesReceivableWeightedAverageInterestRate" xlink:to="cto_LoansAndLeasesReceivableWeightedAverageInterestRate_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of loans owned</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfLoansOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Loans Owned</label>
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Commercial loan investments, outstanding</label>
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial loan investments, average remaining maturity</label>
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableNetCommercialAverageRemainingMaturityPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Net Commercial Average Remaining Maturity Period</label>
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial loan investments, weighted average interest rate</label>
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Weighted Average Interest Rate</label>
    <loc xlink:href="cto-20151231.xsd#cto_MortgageAndOtherLoansOriginationDate" xlink:type="locator" xlink:label="cto_MortgageAndOtherLoansOriginationDate" />
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansOriginationDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage and other loans origination date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgageAndOtherLoansOriginationDate" xlink:to="cto_MortgageAndOtherLoansOriginationDate_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_MezzanineMember" xlink:type="locator" xlink:label="cto_MezzanineMember" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MezzanineMember" xlink:to="cto_MezzanineMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MezzanineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NotesReceivableMember" xlink:type="locator" xlink:label="us-gaap_NotesReceivableMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesReceivableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Receivable [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableMember" xlink:to="us-gaap_NotesReceivableMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NotesReceivableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Notes Receivable [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Recorded Investment By Class Of Financing Receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment By Class Of Financing Receivable [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Recorded Investment Class Of Financing Receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Class Of Financing Receivable [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RetailShoppingCenterMember" xlink:type="locator" xlink:label="cto_RetailShoppingCenterMember" />
    <label xml:lang="en-US" xlink:label="cto_RetailShoppingCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Retail shopping center.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RetailShoppingCenterMember" xlink:to="cto_RetailShoppingCenterMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RetailShoppingCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retail Shopping Center [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RetailShoppingCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Retail Shopping Center [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DallasTexasMember" xlink:type="locator" xlink:label="cto_DallasTexasMember" />
    <label xml:lang="en-US" xlink:label="cto_DallasTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Dallas Texas.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DallasTexasMember" xlink:to="cto_DallasTexasMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DallasTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas, TX [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DallasTexasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dallas Texas [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ConstructionMember" xlink:type="locator" xlink:label="cto_ConstructionMember" />
    <label xml:lang="en-US" xlink:label="cto_ConstructionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Construction.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ConstructionMember" xlink:to="cto_ConstructionMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ConstructionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ConstructionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DevelopmentMember" xlink:type="locator" xlink:label="cto_DevelopmentMember" />
    <label xml:lang="en-US" xlink:label="cto_DevelopmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Development.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DevelopmentMember" xlink:to="cto_DevelopmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DevelopmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Development [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DevelopmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Development [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ContainerStoreMember" xlink:type="locator" xlink:label="cto_ContainerStoreMember" />
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Container Store.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ContainerStoreMember" xlink:to="cto_ContainerStoreMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Container Store [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Container Store [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommercialRealEstatePortfolioSegmentMember" xlink:type="locator" xlink:label="us-gaap_CommercialRealEstatePortfolioSegmentMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommercialRealEstatePortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Real Estate Portfolio Segment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialRealEstatePortfolioSegmentMember" xlink:to="us-gaap_CommercialRealEstatePortfolioSegmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CommercialRealEstatePortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Real Estate Portfolio Segment [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansOriginationDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of Investment</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageAndOtherLoansOriginationDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage And Other Loans Origination Date</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommercial" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableCommercial" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Original Face Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableCommercial" xlink:to="us-gaap_LoansAndLeasesReceivableCommercial_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Commercial</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Face Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial" xlink:to="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Gross Carrying Amount Commercial</label>
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Carrying Value</label>
    <loc xlink:href="cto-20151231.xsd#cto_LoansReceivableWithFixedRatesOfInterestPercentage" xlink:type="locator" xlink:label="cto_LoansReceivableWithFixedRatesOfInterestPercentage" />
    <label xml:lang="en-US" xlink:label="cto_LoansReceivableWithFixedRatesOfInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage for the amount of loan with fixed rate of interest.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LoansReceivableWithFixedRatesOfInterestPercentage" xlink:to="cto_LoansReceivableWithFixedRatesOfInterestPercentage_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LoansReceivableWithFixedRatesOfInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans receivable, fixed rate</label>
    <label xml:lang="en-US" xlink:label="cto_LoansReceivableWithFixedRatesOfInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable With Fixed Rates Of Interest Percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoansReceivableDescriptionOfVariableRateBasis" xlink:type="locator" xlink:label="us-gaap_LoansReceivableDescriptionOfVariableRateBasis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableDescriptionOfVariableRateBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coupon Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableDescriptionOfVariableRateBasis" xlink:to="us-gaap_LoansReceivableDescriptionOfVariableRateBasis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableDescriptionOfVariableRateBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable Description Of Variable Rate Basis</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:type="locator" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unamortized Fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:to="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LoansAndLeasesReceivableDeferredIncome" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableDeferredIncome" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableDeferredIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unaccreted Origination Fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableDeferredIncome" xlink:to="us-gaap_LoansAndLeasesReceivableDeferredIncome_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableDeferredIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Deferred Income</label>
    <label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Commercial Loan Investments</label>
    <loc xlink:href="cto-20151231.xsd#cto_LoansAndLeasesReceivableCommercialContractualCommitment" xlink:type="locator" xlink:label="cto_LoansAndLeasesReceivableCommercialContractualCommitment" />
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableCommercialContractualCommitment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and leases receivable commercial contractual commitment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LoansAndLeasesReceivableCommercialContractualCommitment" xlink:to="cto_LoansAndLeasesReceivableCommercialContractualCommitment_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableCommercialContractualCommitment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Original Face Amount</label>
    <label xml:lang="en-US" xlink:label="cto_LoansAndLeasesReceivableCommercialContractualCommitment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Commercial Contractual Commitment</label>
    <loc xlink:href="cto-20151231.xsd#cto_InventoryRealEstateUndevelopedLand" xlink:type="locator" xlink:label="cto_InventoryRealEstateUndevelopedLand" />
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateUndevelopedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Inventory real estate undeveloped land.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_InventoryRealEstateUndevelopedLand" xlink:to="cto_InventoryRealEstateUndevelopedLand_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts" xlink:type="locator" xlink:label="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts" />
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Inventory real estate developed land and development costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts" xlink:to="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LandTimberAndSubsurfaceInterests" xlink:type="locator" xlink:label="cto_LandTimberAndSubsurfaceInterests" />
    <label xml:lang="en-US" xlink:label="cto_LandTimberAndSubsurfaceInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Land timber and subsurface interests.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LandTimberAndSubsurfaceInterests" xlink:to="cto_LandTimberAndSubsurfaceInterests_lbl" />
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateUndevelopedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Undeveloped Land ($11,329,574 Related to Consolidated VIE as of December 31, 2015)</label>
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateUndevelopedLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Inventory Real Estate Undeveloped Land</label>
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Developed Land and Development Costs</label>
    <label xml:lang="en-US" xlink:label="cto_InventoryRealEstateDevelopedLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Inventory Real Estate Developed Land And Development Costs</label>
    <label xml:lang="en-US" xlink:label="cto_LandTimberAndSubsurfaceInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land, Timber, and Subsurface Interests</label>
    <label xml:lang="en-US" xlink:label="cto_LandTimberAndSubsurfaceInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Land Timber And Subsurface Interests</label>
    <label xml:lang="en-US" xlink:label="us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Land and Development Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:type="locator" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land and Development Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:to="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity Consolidated Carrying Amount Assets</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Real Estate Properties [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:to="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Real Estate Properties [Table]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DaytonaBeachFloridaMember" xlink:type="locator" xlink:label="cto_DaytonaBeachFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_DaytonaBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Daytona beach, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DaytonaBeachFloridaMember" xlink:to="cto_DaytonaBeachFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DaytonaBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Daytona Beach, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DaytonaBeachFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Daytona Beach Florida [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LandMember" xlink:type="locator" xlink:label="us-gaap_LandMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_LandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandMember" xlink:to="us-gaap_LandMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Land [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember" xlink:type="locator" xlink:label="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember" />
    <label xml:lang="en-US" xlink:label="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">South of LPGA Boulevard east of Clyde Morris Boulevard.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember" xlink:to="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">South of LPGA Boulevard East of Clyde Morris Boulevard [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SouthOfLPGABoulevardEastOfClydeMorrisBoulevardMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">South Of L P G A Boulevard East Of Clyde Morris Boulevard [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HighlandsCountyMember" xlink:type="locator" xlink:label="cto_HighlandsCountyMember" />
    <label xml:lang="en-US" xlink:label="cto_HighlandsCountyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Highlands county.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HighlandsCountyMember" xlink:to="cto_HighlandsCountyMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HighlandsCountyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Highlands County [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HighlandsCountyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Highlands County [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate And Accumulated Depreciation Description Of Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Description Of Property [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate And Accumulated Depreciation Name Of Property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Name Of Property [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_PropertyEastOfInterstate95Member" xlink:type="locator" xlink:label="cto_PropertyEastOfInterstate95Member" />
    <label xml:lang="en-US" xlink:label="cto_PropertyEastOfInterstate95Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Property east of interstate 95.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PropertyEastOfInterstate95Member" xlink:to="cto_PropertyEastOfInterstate95Member_lbl" />
    <label xml:lang="en-US" xlink:label="cto_PropertyEastOfInterstate95Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property East of Interstate 95 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_PropertyEastOfInterstate95Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property East Of Interstate95 [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_NorthAmericanDevelopmentGroupMember" xlink:type="locator" xlink:label="cto_NorthAmericanDevelopmentGroupMember" />
    <label xml:lang="en-US" xlink:label="cto_NorthAmericanDevelopmentGroupMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">North American Development Group.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NorthAmericanDevelopmentGroupMember" xlink:to="cto_NorthAmericanDevelopmentGroupMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NorthAmericanDevelopmentGroupMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NADG - First Parcel</label>
    <label xml:lang="en-US" xlink:label="cto_NorthAmericanDevelopmentGroupMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">North American Development Group [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplyCommitmentAxis" xlink:type="locator" xlink:label="us-gaap_SupplyCommitmentAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supply Commitment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplyCommitmentAxis" xlink:to="us-gaap_SupplyCommitmentAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Supply Commitment [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplyCommitmentArrangementMember" xlink:type="locator" xlink:label="us-gaap_SupplyCommitmentArrangementMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentArrangementMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supply Commitment Arrangement Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplyCommitmentArrangementMember" xlink:to="us-gaap_SupplyCommitmentArrangementMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentArrangementMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Supply Commitment Arrangement [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_TownCenterSalesAgreementsMember" xlink:type="locator" xlink:label="cto_TownCenterSalesAgreementsMember" />
    <label xml:lang="en-US" xlink:label="cto_TownCenterSalesAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Town Center Sales Agreements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TownCenterSalesAgreementsMember" xlink:to="cto_TownCenterSalesAgreementsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TownCenterSalesAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Town Center Sales Agreements</label>
    <label xml:lang="en-US" xlink:label="cto_TownCenterSalesAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Town Center Sales Agreements [Member]</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:type="locator" xlink:label="dei_LegalEntityAxis" />
    <label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" />
    <label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</label>
    <loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:type="locator" xlink:label="dei_EntityDomain" />
    <label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" />
    <label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HalifaxHumaneSocietyIncMember" xlink:type="locator" xlink:label="cto_HalifaxHumaneSocietyIncMember" />
    <label xml:lang="en-US" xlink:label="cto_HalifaxHumaneSocietyIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Halifax Humane Society, Inc.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HalifaxHumaneSocietyIncMember" xlink:to="cto_HalifaxHumaneSocietyIncMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HalifaxHumaneSocietyIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Halifax Humane Society, Inc. (HHS") [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HalifaxHumaneSocietyIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Halifax Humane Society Inc [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:type="locator" xlink:label="us-gaap_StatementScenarioAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement Scenario</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_StatementScenarioAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Scenario [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:type="locator" xlink:label="us-gaap_ScenarioUnspecifiedDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario Unspecified</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioUnspecifiedDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Unspecified [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:type="locator" xlink:label="us-gaap_ScenarioForecastMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario Forecast [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioForecastMember" xlink:to="us-gaap_ScenarioForecastMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Forecast [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_VictorIndigoLakesMember" xlink:type="locator" xlink:label="cto_VictorIndigoLakesMember" />
    <label xml:lang="en-US" xlink:label="cto_VictorIndigoLakesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Victor Indigo Lakes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_VictorIndigoLakesMember" xlink:to="cto_VictorIndigoLakesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_VictorIndigoLakesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Victor Indigo Lakes, LLC ("Masco") [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_VictorIndigoLakesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Victor Indigo Lakes [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RaceTracPetroleumMember" xlink:type="locator" xlink:label="cto_RaceTracPetroleumMember" />
    <label xml:lang="en-US" xlink:label="cto_RaceTracPetroleumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">RaceTrac-land sale.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RaceTracPetroleumMember" xlink:to="cto_RaceTracPetroleumMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RaceTracPetroleumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">RaceTrac Petroleum, Inc. ("RaceTrac") [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RaceTracPetroleumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Race Trac Petroleum [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WilliamsonCrossingMember" xlink:type="locator" xlink:label="cto_WilliamsonCrossingMember" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Williamson crossing owners association.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WilliamsonCrossingMember" xlink:to="cto_WilliamsonCrossingMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Williamson Crossing [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Williamson Crossing [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_IntracoastalBankMember" xlink:type="locator" xlink:label="cto_IntracoastalBankMember" />
    <label xml:lang="en-US" xlink:label="cto_IntracoastalBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intracoastal bank.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntracoastalBankMember" xlink:to="cto_IntracoastalBankMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IntracoastalBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intracoastal Bank [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IntracoastalBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intracoastal Bank [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CarMaxMember" xlink:type="locator" xlink:label="cto_CarMaxMember" />
    <label xml:lang="en-US" xlink:label="cto_CarMaxMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Car max.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CarMaxMember" xlink:to="cto_CarMaxMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CarMaxMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CarMax [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CarMaxMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Car Max [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeeCountyFloridaMember" xlink:type="locator" xlink:label="cto_LeeCountyFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_LeeCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lee County, Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeeCountyFloridaMember" xlink:to="cto_LeeCountyFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeeCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lee County, Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeeCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lee County Florida [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:type="locator" xlink:label="us-gaap_ProductOrServiceAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProductOrServiceAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Product Or Service</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProductOrServiceAxis" xlink:to="us-gaap_ProductOrServiceAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProductOrServiceAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Product Or Service [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:type="locator" xlink:label="us-gaap_ProductsAndServicesDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProductsAndServicesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Products And Services</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProductsAndServicesDomain" xlink:to="us-gaap_ProductsAndServicesDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProductsAndServicesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Products And Services [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_FillDirtExcavationMember" xlink:type="locator" xlink:label="cto_FillDirtExcavationMember" />
    <label xml:lang="en-US" xlink:label="cto_FillDirtExcavationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fill dirt excavation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FillDirtExcavationMember" xlink:to="cto_FillDirtExcavationMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FillDirtExcavationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fill Dirt Excavation [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_FillDirtExcavationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fill Dirt Excavation [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstatePropertiesLineItems" xlink:type="locator" xlink:label="us-gaap_RealEstatePropertiesLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate Properties [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesLineItems" xlink:to="us-gaap_RealEstatePropertiesLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Properties [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LandSales" xlink:type="locator" xlink:label="us-gaap_LandSales" />
    <label xml:lang="en-US" xlink:label="us-gaap_LandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue from land sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandSales" xlink:to="us-gaap_LandSales_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Land Sales</label>
    <loc xlink:href="cto-20151231.xsd#cto_RevenuePerAcre" xlink:type="locator" xlink:label="cto_RevenuePerAcre" />
    <label xml:lang="en-US" xlink:label="cto_RevenuePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue per acre.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RevenuePerAcre" xlink:to="cto_RevenuePerAcre_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RevenuePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue per acre</label>
    <label xml:lang="en-US" xlink:label="cto_RevenuePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Per Acre</label>
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain (Loss) from sale of land</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScheduledClosingDateForSaleOnLand" xlink:type="locator" xlink:label="cto_ScheduledClosingDateForSaleOnLand" />
    <label xml:lang="en-US" xlink:label="cto_ScheduledClosingDateForSaleOnLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Scheduled Closing Date for sale on Land.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScheduledClosingDateForSaleOnLand" xlink:to="cto_ScheduledClosingDateForSaleOnLand_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_TangerFactoryOutletsMember" xlink:type="locator" xlink:label="cto_TangerFactoryOutletsMember" />
    <label xml:lang="en-US" xlink:label="cto_TangerFactoryOutletsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Tanger factory outlets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TangerFactoryOutletsMember" xlink:to="cto_TangerFactoryOutletsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TangerFactoryOutletsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tanger Outlet [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_TangerFactoryOutletsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tanger Factory Outlets [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_SamsClubMember" xlink:type="locator" xlink:label="cto_SamsClubMember" />
    <label xml:lang="en-US" xlink:label="cto_SamsClubMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sams Club.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SamsClubMember" xlink:to="cto_SamsClubMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SamsClubMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sams Club [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_SamsClubMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sams Club [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_NADGFirstParcelMember" xlink:type="locator" xlink:label="cto_NADGFirstParcelMember" />
    <label xml:lang="en-US" xlink:label="cto_NADGFirstParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">NADG - first parcel.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NADGFirstParcelMember" xlink:to="cto_NADGFirstParcelMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NADGFirstParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NADG - First Parcel [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NADGFirstParcelMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">N A D G First Parcel [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_TomokaTownCenterMember" xlink:type="locator" xlink:label="cto_TomokaTownCenterMember" />
    <label xml:lang="en-US" xlink:label="cto_TomokaTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Tomoka town center.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TomokaTownCenterMember" xlink:to="cto_TomokaTownCenterMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TomokaTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tomoka Town Center [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_TomokaTownCenterMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tomoka Town Center [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ScheduledClosingDateForSaleOnLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date Closed</label>
    <label xml:lang="en-US" xlink:label="cto_ScheduledClosingDateForSaleOnLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scheduled Closing Date For Sale On Land</label>
    <label xml:lang="en-US" xlink:label="us-gaap_LandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Sales Price</label>
    <label xml:lang="en-US" xlink:label="cto_RevenuePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Avg. Sales Price per Acre</label>
    <label xml:lang="en-US" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gain Recognized in 2015</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenue" xlink:type="locator" xlink:label="us-gaap_DeferredRevenue" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenue" xlink:to="us-gaap_DeferredRevenue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue</label>
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfRealEstatePropertyNotCoveredUnderContract" xlink:type="locator" xlink:label="cto_AreaOfRealEstatePropertyNotCoveredUnderContract" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfRealEstatePropertyNotCoveredUnderContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of real estate property not covered under contract.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfRealEstatePropertyNotCoveredUnderContract" xlink:to="cto_AreaOfRealEstatePropertyNotCoveredUnderContract_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfRealEstatePropertyNotCoveredUnderContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of real estate property not covered under contract</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfRealEstatePropertyNotCoveredUnderContract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Real Estate Property Not Covered Under Contract</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts" xlink:type="locator" xlink:label="us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts" />
    <label xml:lang="en-US" xlink:label="us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost of the contract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts" xlink:to="us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AmountOfDeferredCostsRelatedToLongTermContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amount Of Deferred Costs Related To Long Term Contracts</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ContractualObligation" xlink:type="locator" xlink:label="us-gaap_ContractualObligation" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of contractual obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligation" xlink:to="us-gaap_ContractualObligation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ContractualObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Obligation</label>
    <loc xlink:href="cto-20151231.xsd#cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty" xlink:type="locator" xlink:label="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty" />
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reconciliation of the land transactions closed, area of real estate property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty" xlink:to="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReconciliationOfLandTransactionsClosedLandSales" xlink:type="locator" xlink:label="cto_ReconciliationOfLandTransactionsClosedLandSales" />
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reconciliation of land transactions closed, land sales.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReconciliationOfLandTransactionsClosedLandSales" xlink:to="cto_ReconciliationOfLandTransactionsClosedLandSales_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre" xlink:type="locator" xlink:label="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre" />
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reconciliation of land transactions closed, sale price per acre.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre" xlink:to="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement" xlink:type="locator" xlink:label="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement" />
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reconciliation of land transactions closed, infrastructure reimbursement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement" xlink:to="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NADGOptionParcelsMember" xlink:type="locator" xlink:label="cto_NADGOptionParcelsMember" />
    <label xml:lang="en-US" xlink:label="cto_NADGOptionParcelsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">NADG - option parcels.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NADGOptionParcelsMember" xlink:to="cto_NADGOptionParcelsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NADGOptionParcelsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NADG - Option Parcels [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NADGOptionParcelsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">N A D G Option Parcels [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_NetDevelopableAreaMember" xlink:type="locator" xlink:label="cto_NetDevelopableAreaMember" />
    <label xml:lang="en-US" xlink:label="cto_NetDevelopableAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Net developable area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NetDevelopableAreaMember" xlink:to="cto_NetDevelopableAreaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NetDevelopableAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Developable Area [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NetDevelopableAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Developable Area [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CommonAreaMember" xlink:type="locator" xlink:label="cto_CommonAreaMember" />
    <label xml:lang="en-US" xlink:label="cto_CommonAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Common area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CommonAreaMember" xlink:to="cto_CommonAreaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CommonAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Area [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CommonAreaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Area [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">No. of Acres</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Land Transactions Closed Area Of Real Estate Property</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sales Price</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Land Transactions Closed Land Sales</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Sales Price per Acre</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedSalePricePerAcre_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Land Transactions Closed Sale Price Per Acre</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Infrastructure Reimbursement</label>
    <label xml:lang="en-US" xlink:label="cto_ReconciliationOfLandTransactionsClosedInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Land Transactions Closed Infrastructure Reimbursement</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncentivesReceivedFromCommunityDevelopmentDistrict" xlink:type="locator" xlink:label="cto_IncentivesReceivedFromCommunityDevelopmentDistrict" />
    <label xml:lang="en-US" xlink:label="cto_IncentivesReceivedFromCommunityDevelopmentDistrict_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Incentives received from community development district.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncentivesReceivedFromCommunityDevelopmentDistrict" xlink:to="cto_IncentivesReceivedFromCommunityDevelopmentDistrict_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_InstallmentPeriodForIncentivesRepayment" xlink:type="locator" xlink:label="cto_InstallmentPeriodForIncentivesRepayment" />
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForIncentivesRepayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Installment period for incentives repayment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_InstallmentPeriodForIncentivesRepayment" xlink:to="cto_InstallmentPeriodForIncentivesRepayment_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_InstallmentPeriodForInfrastructureReimbursement" xlink:type="locator" xlink:label="cto_InstallmentPeriodForInfrastructureReimbursement" />
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Installment period for infrastructure reimbursement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_InstallmentPeriodForInfrastructureReimbursement" xlink:to="cto_InstallmentPeriodForInfrastructureReimbursement_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IncentivesReceivedFromCommunityDevelopmentDistrict_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Incentives from community development district</label>
    <label xml:lang="en-US" xlink:label="cto_IncentivesReceivedFromCommunityDevelopmentDistrict_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Incentives Received From Community Development District</label>
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForIncentivesRepayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Installment period for incentives repayment</label>
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForIncentivesRepayment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Installment Period For Incentives Repayment</label>
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Infrastructure reimbursement, equal installments</label>
    <label xml:lang="en-US" xlink:label="cto_InstallmentPeriodForInfrastructureReimbursement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Installment Period For Infrastructure Reimbursement</label>
    <loc xlink:href="cto-20151231.xsd#cto_AdditionalCashPaymentsForMilestonePayments" xlink:type="locator" xlink:label="cto_AdditionalCashPaymentsForMilestonePayments" />
    <label xml:lang="en-US" xlink:label="cto_AdditionalCashPaymentsForMilestonePayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional Cash Payments For Milestone Payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AdditionalCashPaymentsForMilestonePayments" xlink:to="cto_AdditionalCashPaymentsForMilestonePayments_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RemainingIncentiveYetToBeEarnedAndReceived" xlink:type="locator" xlink:label="cto_RemainingIncentiveYetToBeEarnedAndReceived" />
    <label xml:lang="en-US" xlink:label="cto_RemainingIncentiveYetToBeEarnedAndReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Remaining incentive yet to be earned and received.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RemainingIncentiveYetToBeEarnedAndReceived" xlink:to="cto_RemainingIncentiveYetToBeEarnedAndReceived_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AdditionalGainLossOnDispositionOfAssets" xlink:type="locator" xlink:label="cto_AdditionalGainLossOnDispositionOfAssets" />
    <label xml:lang="en-US" xlink:label="cto_AdditionalGainLossOnDispositionOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional Gain (Loss) from sale of land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AdditionalGainLossOnDispositionOfAssets" xlink:to="cto_AdditionalGainLossOnDispositionOfAssets_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AdditionalGainLossOnDispositionOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Gain Loss On Disposition Of Assets</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalCashPaymentsForMilestonePayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash payments from milestones</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalCashPaymentsForMilestonePayments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Cash Payments For Milestone Payments</label>
    <label xml:lang="en-US" xlink:label="cto_RemainingIncentiveYetToBeEarnedAndReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining incentive yet to be earned and received</label>
    <label xml:lang="en-US" xlink:label="cto_RemainingIncentiveYetToBeEarnedAndReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Remaining Incentive Yet To Be Earned And Received</label>
    <loc xlink:href="cto-20151231.xsd#cto_AmountOfReimbursementSoughtByCompany" xlink:type="locator" xlink:label="cto_AmountOfReimbursementSoughtByCompany" />
    <label xml:lang="en-US" xlink:label="cto_AmountOfReimbursementSoughtByCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of reimbursement sought by company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AmountOfReimbursementSoughtByCompany" xlink:to="cto_AmountOfReimbursementSoughtByCompany_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReimbursementRequirementsEffectivePeriod" xlink:type="locator" xlink:label="cto_ReimbursementRequirementsEffectivePeriod" />
    <label xml:lang="en-US" xlink:label="cto_ReimbursementRequirementsEffectivePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reimbursement requirements effective period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReimbursementRequirementsEffectivePeriod" xlink:to="cto_ReimbursementRequirementsEffectivePeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PropertyImpairmentAdjustment" xlink:type="locator" xlink:label="cto_PropertyImpairmentAdjustment" />
    <label xml:lang="en-US" xlink:label="cto_PropertyImpairmentAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Property impairment adjustment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PropertyImpairmentAdjustment" xlink:to="cto_PropertyImpairmentAdjustment_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AmountOfReimbursementSoughtByCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursement by Williamson for RaceTrac</label>
    <label xml:lang="en-US" xlink:label="cto_AmountOfReimbursementSoughtByCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amount Of Reimbursement Sought By Company</label>
    <label xml:lang="en-US" xlink:label="cto_ReimbursementRequirementsEffectivePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursement period</label>
    <label xml:lang="en-US" xlink:label="cto_ReimbursementRequirementsEffectivePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reimbursement Requirements Effective Period</label>
    <label xml:lang="en-US" xlink:label="cto_PropertyImpairmentAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustment for impairment</label>
    <label xml:lang="en-US" xlink:label="cto_PropertyImpairmentAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Impairment Adjustment</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RestrictedCashAndInvestments" xlink:type="locator" xlink:label="us-gaap_RestrictedCashAndInvestments" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash held in escrow related to the improvements and classified as restricted cash on the consolidated balance sheet</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndInvestments" xlink:to="us-gaap_RestrictedCashAndInvestments_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash And Investments</label>
    <loc xlink:href="cto-20151231.xsd#cto_LossRecognizedOnSaleOfLand" xlink:type="locator" xlink:label="cto_LossRecognizedOnSaleOfLand" />
    <label xml:lang="en-US" xlink:label="cto_LossRecognizedOnSaleOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loss recognized on sale of land.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LossRecognizedOnSaleOfLand" xlink:to="cto_LossRecognizedOnSaleOfLand_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfLandUsedForTransaction" xlink:type="locator" xlink:label="cto_AreaOfLandUsedForTransaction" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfLandUsedForTransaction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of land used for transaction.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfLandUsedForTransaction" xlink:to="cto_AreaOfLandUsedForTransaction_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LossRecognizedOnSaleOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss on sale of land</label>
    <label xml:lang="en-US" xlink:label="cto_LossRecognizedOnSaleOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Recognized On Sale Of Land</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Impairment charges</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfLandUsedForTransaction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of land used for transaction</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfLandUsedForTransaction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Land Used For Transaction</label>
    <loc xlink:href="cto-20151231.xsd#cto_SubsurfaceInterestAreaOfLand" xlink:type="locator" xlink:label="cto_SubsurfaceInterestAreaOfLand" />
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestAreaOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Subsurface interest area of land.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SubsurfaceInterestAreaOfLand" xlink:to="cto_SubsurfaceInterestAreaOfLand_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_SubsurfaceInterestInNumberOfCountries" xlink:type="locator" xlink:label="cto_SubsurfaceInterestInNumberOfCountries" />
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestInNumberOfCountries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Subsurface interest in number of countries.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SubsurfaceInterestInNumberOfCountries" xlink:to="cto_SubsurfaceInterestInNumberOfCountries_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestAreaOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsurface interest area of land</label>
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestAreaOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsurface Interest Area Of Land</label>
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestInNumberOfCountries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsurface Interest in number of countries</label>
    <label xml:lang="en-US" xlink:label="cto_SubsurfaceInterestInNumberOfCountries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsurface Interest In Number Of Countries</label>
    <loc xlink:href="cto-20151231.xsd#cto_OilExplorationLeaseCoveringArea" xlink:type="locator" xlink:label="cto_OilExplorationLeaseCoveringArea" />
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeaseCoveringArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Oil exploration lease covering area.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OilExplorationLeaseCoveringArea" xlink:to="cto_OilExplorationLeaseCoveringArea_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NonRefundablePaymentReceived" xlink:type="locator" xlink:label="cto_NonRefundablePaymentReceived" />
    <label xml:lang="en-US" xlink:label="cto_NonRefundablePaymentReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Non refundable payment received.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NonRefundablePaymentReceived" xlink:to="cto_NonRefundablePaymentReceived_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:type="locator" xlink:label="us-gaap_LeaseArrangementTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseArrangementTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Arrangement Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseArrangementTypeAxis" xlink:to="us-gaap_LeaseArrangementTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseArrangementTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Arrangement Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:type="locator" xlink:label="us-gaap_LeaseArrangementTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseArrangementTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Arrangement Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseArrangementTypeDomain" xlink:to="us-gaap_LeaseArrangementTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseArrangementTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Arrangement Type [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember" xlink:type="locator" xlink:label="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease year one from twenty three September twenty eleven to twenty two September twenty twelve.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember" xlink:to="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Year 1 - 9/23/2011 - 9/22/2012 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseYearOneFromTwentyThreeSeptemberTwentyElevenToTwentyTwoSeptemberTwentyTwelveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Year One From Twenty Three September Twenty Eleven To Twenty Two September Twenty Twelve [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember" xlink:type="locator" xlink:label="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease year two from twenty three September twenty twelve to twenty two September twenty thirteen.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember" xlink:to="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Year 2 - 9/23/2012 - 9/22/2013 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseYearTwoFromTwentyThreeSeptemberTwentyTwelveToTwentyTwoSeptemberTwentyThirteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Year Two From Twenty Three September Twenty Twelve To Twenty Two September Twenty Thirteen [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember" xlink:type="locator" xlink:label="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease year three from twenty three September twenty thirteen to twenty two September twenty fourteen.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember" xlink:to="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Year 3 - 9/23/2013 - 9/22/2014 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseYearThreeFromTwentyThreeSeptemberTwentyThirteenToTwentyTwoSeptemberTwentyFourteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Year Three From Twenty Three September Twenty Thirteen To Twenty Two September Twenty Fourteen [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember" xlink:type="locator" xlink:label="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease year four from twenty three September twenty fourteen to twenty two September twenty fifteen.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember" xlink:to="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Year 4 - 9/23/2014 - 9/22/2015 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFourFromTwentyThreeSeptemberTwentyFourteenToTwentyTwoSeptemberTwentyFifteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Year Four From Twenty Three September Twenty Fourteen To Twenty Two September Twenty Fifteen [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember" xlink:type="locator" xlink:label="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease year five from twenty three September twenty fifteen to twenty two September twenty sixteen.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember" xlink:to="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Year 5 - 9/23/2015 - 9/22/2016 [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseYearFiveFromTwentyThreeSeptemberTwentyFifteenToTwentyTwoSeptemberTwentySixteenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Year Five From Twenty Three September Twenty Fifteen To Twenty Two September Twenty Sixteen [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HendryCountyFloridaMember" xlink:type="locator" xlink:label="cto_HendryCountyFloridaMember" />
    <label xml:lang="en-US" xlink:label="cto_HendryCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Hendry County Florida.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HendryCountyFloridaMember" xlink:to="cto_HendryCountyFloridaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HendryCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hendry County Florida</label>
    <label xml:lang="en-US" xlink:label="cto_HendryCountyFloridaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hendry County Florida [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeaseCoveringArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Oil exploration lease covering area</label>
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeaseCoveringArea_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oil Exploration Lease Covering Area</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesContingentRentalPaymentsReceived" xlink:type="locator" xlink:label="us-gaap_CapitalLeasesContingentRentalPaymentsReceived" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalLeasesContingentRentalPaymentsReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Payment, Received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalLeasesContingentRentalPaymentsReceived" xlink:to="us-gaap_CapitalLeasesContingentRentalPaymentsReceived_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CapitalLeasesContingentRentalPaymentsReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capital Leases Contingent Rental Payments Received</label>
    <label xml:lang="en-US" xlink:label="cto_NonRefundablePaymentReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Drilling Penalty, Received</label>
    <label xml:lang="en-US" xlink:label="cto_NonRefundablePaymentReceived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Non Refundable Payment Received</label>
    <loc xlink:href="cto-20151231.xsd#cto_AmendedOilExplorationLeaseTermDescription" xlink:type="locator" xlink:label="cto_AmendedOilExplorationLeaseTermDescription" />
    <label xml:lang="en-US" xlink:label="cto_AmendedOilExplorationLeaseTermDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional annual rental payments receive if lease is continued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AmendedOilExplorationLeaseTermDescription" xlink:to="cto_AmendedOilExplorationLeaseTermDescription_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AmendedOilExplorationLeaseTermDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amended oil exploration lease term</label>
    <label xml:lang="en-US" xlink:label="cto_AmendedOilExplorationLeaseTermDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amended Oil Exploration Lease Term Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExplorationAndProductionRevenue" xlink:type="locator" xlink:label="us-gaap_ExplorationAndProductionRevenue" />
    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationAndProductionRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease income recognized from oil exploration lease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExplorationAndProductionRevenue" xlink:to="us-gaap_ExplorationAndProductionRevenue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ExplorationAndProductionRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exploration And Production Revenue</label>
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfOperatingLeaseOilWells" xlink:type="locator" xlink:label="cto_AreaOfOperatingLeaseOilWells" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfOperatingLeaseOilWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of operating lease oil wells.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfOperatingLeaseOilWells" xlink:to="cto_AreaOfOperatingLeaseOilWells_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PaymentsForReleaseOfSurfaceEntryRights" xlink:type="locator" xlink:label="cto_PaymentsForReleaseOfSurfaceEntryRights" />
    <label xml:lang="en-US" xlink:label="cto_PaymentsForReleaseOfSurfaceEntryRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments for release of surface entry rights.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PaymentsForReleaseOfSurfaceEntryRights" xlink:to="cto_PaymentsForReleaseOfSurfaceEntryRights_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PercentageOfInterestInSubsurfaceRights" xlink:type="locator" xlink:label="cto_PercentageOfInterestInSubsurfaceRights" />
    <label xml:lang="en-US" xlink:label="cto_PercentageOfInterestInSubsurfaceRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of interest in subsurface rights.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PercentageOfInterestInSubsurfaceRights" xlink:to="cto_PercentageOfInterestInSubsurfaceRights_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RevenueFromExcavationAgreement" xlink:type="locator" xlink:label="cto_RevenueFromExcavationAgreement" />
    <label xml:lang="en-US" xlink:label="cto_RevenueFromExcavationAgreement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue from excavation agreement executed.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RevenueFromExcavationAgreement" xlink:to="cto_RevenueFromExcavationAgreement_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfOperatingLeaseOilWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area on which royalties received</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfOperatingLeaseOilWells_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Operating Lease Oil Wells</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:type="locator" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Production of oil</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proved Developed And Undeveloped Reserves Production</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RoyaltyRevenue" xlink:type="locator" xlink:label="us-gaap_RoyaltyRevenue" />
    <label xml:lang="en-US" xlink:label="us-gaap_RoyaltyRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Oil royalty income recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RoyaltyRevenue" xlink:to="us-gaap_RoyaltyRevenue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RoyaltyRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Revenue</label>
    <label xml:lang="en-US" xlink:label="cto_PaymentsForReleaseOfSurfaceEntryRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payments for release of surface entry rights</label>
    <label xml:lang="en-US" xlink:label="cto_PaymentsForReleaseOfSurfaceEntryRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Release Of Surface Entry Rights</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfInterestInSubsurfaceRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest percentage subsurface rights</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfInterestInSubsurfaceRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest In Subsurface Rights</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:type="locator" xlink:label="us-gaap_RealEstateRevenueNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue on real estate as fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="us-gaap_RealEstateRevenueNet_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Revenue Net</label>
    <label xml:lang="en-US" xlink:label="cto_RevenueFromExcavationAgreement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue generated from fill-dirt excavation agreement</label>
    <label xml:lang="en-US" xlink:label="cto_RevenueFromExcavationAgreement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue From Excavation Agreement</label>
    <loc xlink:href="cto-20151231.xsd#cto_REITSecurities" xlink:type="locator" xlink:label="cto_REITSecurities" />
    <label xml:lang="en-US" xlink:label="cto_REITSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">REIT Securities-preferred stock investment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_REITSecurities" xlink:to="cto_REITSecurities_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Available For Sale Securities [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:to="us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Available For Sale Securities [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockMember" xlink:type="locator" xlink:label="us-gaap_PreferredStockMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CommonStockAndDebtSecuritiesMember" xlink:type="locator" xlink:label="cto_CommonStockAndDebtSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="cto_CommonStockAndDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock and debt securities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CommonStockAndDebtSecuritiesMember" xlink:to="cto_CommonStockAndDebtSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CommonStockAndDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock and Debt Securities [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CommonStockAndDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock And Debt Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_CorporateDebtSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate Debt Securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateDebtSecuritiesMember" xlink:to="us-gaap_CorporateDebtSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Debt Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConvertibleDebtSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Convertible Debt Securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertibleDebtSecuritiesMember" xlink:to="us-gaap_ConvertibleDebtSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConvertibleDebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Convertible Debt Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:type="locator" xlink:label="us-gaap_InvestmentTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:type="locator" xlink:label="us-gaap_InvestmentTypeCategorizationMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Type Categorization Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type Categorization [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PutOptionMember" xlink:type="locator" xlink:label="us-gaap_PutOptionMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_PutOptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Put Option [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PutOptionMember" xlink:to="us-gaap_PutOptionMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PutOptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Put Option [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:type="locator" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Available-for-sale Securities [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:to="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Available For Sale Securities [Line Items]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock purchased</label>
    <label xml:lang="en-US" xlink:label="cto_REITSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">REIT market capitalization value</label>
    <label xml:lang="en-US" xlink:label="cto_REITSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">R E I T Securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityMethodInvestmentSoldCarryingAmount" xlink:type="locator" xlink:label="us-gaap_EquityMethodInvestmentSoldCarryingAmount" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentSoldCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentSoldCarryingAmount" xlink:to="us-gaap_EquityMethodInvestmentSoldCarryingAmount_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquityMethodInvestmentSoldCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment Sold Carrying Amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value By Fair Value Hierarchy Level</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Fair Value Hierarchy Level [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurements Fair Value Hierarchy</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements Fair Value Hierarchy [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_FairValueInputsLevel1AndLevel2Member" xlink:type="locator" xlink:label="cto_FairValueInputsLevel1AndLevel2Member" />
    <label xml:lang="en-US" xlink:label="cto_FairValueInputsLevel1AndLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value inputs level 1 and level 2.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FairValueInputsLevel1AndLevel2Member" xlink:to="cto_FairValueInputsLevel1AndLevel2Member_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FairValueInputsLevel1AndLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_FairValueInputsLevel1AndLevel2Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level1 And Level2 [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:type="locator" xlink:label="us-gaap_EquitySecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_DebtSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesMember" xlink:to="us-gaap_DebtSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" xlink:type="locator" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis" xlink:to="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Available For Sale Equity Securities Amortized Cost Basis</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:type="locator" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gains in Accumulated Other Comprehensive Income</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Significant Unobservable Inputs (Level 3) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level3 [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:type="locator" xlink:label="us-gaap_AvailableForSaleSecuritiesAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleSecuritiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Available-for-Sale Securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AvailableForSaleSecuritiesAbstract" xlink:to="us-gaap_AvailableForSaleSecuritiesAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleSecuritiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Available For Sale Securities [Abstract]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AvailableForSaleSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Available-for-Sale Securities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_AssetsFairValueDisclosure" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsFairValueDisclosure" xlink:to="us-gaap_AssetsFairValueDisclosure_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets Fair Value Disclosure</label>
    <loc xlink:href="cto-20151231.xsd#cto_IntangibleLeaseLiabilities" xlink:type="locator" xlink:label="cto_IntangibleLeaseLiabilities" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible lease liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntangibleLeaseLiabilities" xlink:to="cto_IntangibleLeaseLiabilities_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill" xlink:type="locator" xlink:label="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible assets liabilities net excluding goodwill.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill" xlink:to="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_IntangibleAssetsAndLiabilitiesLineItems" xlink:type="locator" xlink:label="cto_IntangibleAssetsAndLiabilitiesLineItems" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible Assets And Liabilities Line Items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntangibleAssetsAndLiabilitiesLineItems" xlink:to="cto_IntangibleAssetsAndLiabilitiesLineItems_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_IntangibleAssetsAndLiabilitiesTable" xlink:type="locator" xlink:label="cto_IntangibleAssetsAndLiabilitiesTable" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntangibleAssetsAndLiabilitiesTable" xlink:to="cto_IntangibleAssetsAndLiabilitiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Assets And Liabilities [Table]</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets And Liabilities [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite Lived Intangible Assets By Major Class</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets By Major Class [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite Lived Intangible Assets Major Class Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Major Class Name [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LeasesAcquiredInPlaceMember" xlink:type="locator" xlink:label="us-gaap_LeasesAcquiredInPlaceMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Value of In-Place Leases, Net [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeasesAcquiredInPlaceMember" xlink:to="us-gaap_LeasesAcquiredInPlaceMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Leases Acquired In Place [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AboveMarketLeasesMember" xlink:type="locator" xlink:label="us-gaap_AboveMarketLeasesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Value of Above Market In-Place Leases, Net [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AboveMarketLeasesMember" xlink:to="us-gaap_AboveMarketLeasesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Above Market Leases [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LeaseIntangibleCostsMember" xlink:type="locator" xlink:label="cto_LeaseIntangibleCostsMember" />
    <label xml:lang="en-US" xlink:label="cto_LeaseIntangibleCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease intangible costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseIntangibleCostsMember" xlink:to="cto_LeaseIntangibleCostsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LeaseIntangibleCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Value of Intangible Leasing Costs, Net [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseIntangibleCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Intangible Costs [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Assets And Liabilities [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsAndLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets And Liabilities [Line Items]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Value of Below Market In-Place Leases, net</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Sub-total Intangible Lease Liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleLeaseLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <label xml:lang="en-US" xlink:label="cto_IntangibleAssetsLiabilitiesNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets Liabilities Net Excluding Goodwill</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncreaseInBelowMarketLeaseNet" xlink:type="locator" xlink:label="cto_IncreaseInBelowMarketLeaseNet" />
    <label xml:lang="en-US" xlink:label="cto_IncreaseInBelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase in below market lease net.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncreaseInBelowMarketLeaseNet" xlink:to="cto_IncreaseInBelowMarketLeaseNet_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DecreaseInFiniteLivedIntangibleAssetAcquired" xlink:type="locator" xlink:label="cto_DecreaseInFiniteLivedIntangibleAssetAcquired" />
    <label xml:lang="en-US" xlink:label="cto_DecreaseInFiniteLivedIntangibleAssetAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Decrease in finite lived intangible asset acquired.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DecreaseInFiniteLivedIntangibleAssetAcquired" xlink:to="cto_DecreaseInFiniteLivedIntangibleAssetAcquired_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfRealEstatePropertiesSoldDuringPeriod" xlink:type="locator" xlink:label="cto_NumberOfRealEstatePropertiesSoldDuringPeriod" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstatePropertiesSoldDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate properties sold during period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfRealEstatePropertiesSoldDuringPeriod" xlink:to="cto_NumberOfRealEstatePropertiesSoldDuringPeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NetIncreaseInFiniteLivedIntangibleAssetAcquired" xlink:type="locator" xlink:label="cto_NetIncreaseInFiniteLivedIntangibleAssetAcquired" />
    <label xml:lang="en-US" xlink:label="cto_NetIncreaseInFiniteLivedIntangibleAssetAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Increase In Finite Lived Intangible Asset Acquired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NetIncreaseInFiniteLivedIntangibleAssetAcquired" xlink:to="cto_NetIncreaseInFiniteLivedIntangibleAssetAcquired_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_WellsFargoRaleighNCMember" xlink:type="locator" xlink:label="cto_WellsFargoRaleighNCMember" />
    <label xml:lang="en-US" xlink:label="cto_WellsFargoRaleighNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wells Fargo, Raleigh, NC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WellsFargoRaleighNCMember" xlink:to="cto_WellsFargoRaleighNCMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WellsFargoRaleighNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wells Fargo, Raleigh, NC [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WellsFargoRaleighNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wells Fargo Raleigh N C [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Statement Location</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Statement Location</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesMember" xlink:type="locator" xlink:label="us-gaap_SalesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SalesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Properties Revenue [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesMember" xlink:to="us-gaap_SalesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SalesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sales [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WeightedAverageMaturityMember" xlink:type="locator" xlink:label="cto_WeightedAverageMaturityMember" />
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageMaturityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted average maturity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WeightedAverageMaturityMember" xlink:to="cto_WeightedAverageMaturityMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageMaturityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Maturity [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WeightedAverageMaturityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Maturity [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in sub total intangible lease assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease" xlink:to="us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Period Increase Decrease</label>
    <label xml:lang="en-US" xlink:label="cto_IncreaseInBelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in below market value</label>
    <label xml:lang="en-US" xlink:label="cto_IncreaseInBelowMarketLeaseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase In Below Market Lease Net</label>
    <label xml:lang="en-US" xlink:label="cto_DecreaseInFiniteLivedIntangibleAssetAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease value decreased</label>
    <label xml:lang="en-US" xlink:label="cto_DecreaseInFiniteLivedIntangibleAssetAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Decrease In Finite Lived Intangible Asset Acquired</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstatePropertiesSoldDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of sale of income properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstatePropertiesSoldDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Properties Sold During Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:type="locator" xlink:label="us-gaap_AmortizationOfIntangibleAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization expense of intangible assets</label>
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    <label xml:lang="en-US" xlink:label="cto_AmortizationOfIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization of intangible assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AmortizationOfIntangibleAssetsAndLiabilities" xlink:to="cto_AmortizationOfIntangibleAssetsAndLiabilities_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AmortizationOfIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization expense of intangible assets and liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_AmortizationOfIntangibleAssetsAndLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Intangible Assets And Liabilities</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentForAmortization" xlink:type="locator" xlink:label="us-gaap_AdjustmentForAmortization" />
    <label xml:lang="en-US" xlink:label="us-gaap_AdjustmentForAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total amortization expense</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_AdjustmentForAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment For Amortization</label>
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense (income) next twelve months.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense (income) year two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense (income) year three.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense (income) year four.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense (income) year five.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible assets amortization expense income after year five.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive" xlink:to="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2016</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income Next Twelve Months</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2017</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income Year Two</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2018</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income Year Three</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2019</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income Year Four</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2020</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income Year Five</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetsAmortizationExpenseIncomeAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Income After Year Five</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:type="locator" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" />
    <label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets Net Excluding Goodwill</label>
    <loc xlink:href="cto-20151231.xsd#cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife" xlink:type="locator" xlink:label="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible asset and liabilities useful life.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife" xlink:to="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization period of intangible assets and liabilities</label>
    <label xml:lang="en-US" xlink:label="cto_FiniteLivedIntangibleAssetAndLiabilitiesUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Asset And Liabilities Useful Life</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfPropertiesHeldForSales" xlink:type="locator" xlink:label="cto_NumberOfPropertiesHeldForSales" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfPropertiesHeldForSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties held for sales.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfPropertiesHeldForSales" xlink:to="cto_NumberOfPropertiesHeldForSales_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_SaleOfPropertyClosingCosts" xlink:type="locator" xlink:label="cto_SaleOfPropertyClosingCosts" />
    <label xml:lang="en-US" xlink:label="cto_SaleOfPropertyClosingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sale of property closing costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SaleOfPropertyClosingCosts" xlink:to="cto_SaleOfPropertyClosingCosts_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Abstract]</label>
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    <loc xlink:href="cto-20151231.xsd#cto_ImpairmentAnalysisForSpecifiedAcresOfLand" xlink:type="locator" xlink:label="cto_ImpairmentAnalysisForSpecifiedAcresOfLand" />
    <label xml:lang="en-US" xlink:label="cto_ImpairmentAnalysisForSpecifiedAcresOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Impairment analysis for specified acres of land.</label>
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    <label xml:lang="en-US" xlink:label="cto_ImpairmentAnalysisForSpecifiedAcresOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment analysis for specified acres of land</label>
    <label xml:lang="en-US" xlink:label="cto_ImpairmentAnalysisForSpecifiedAcresOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impairment Analysis For Specified Acres Of Land</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Area of land sold</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" xlink:type="locator" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Available to Common Shareholders:</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss Available To Common Stockholders Diluted [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperations" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Income from Continuing Operations Attributable to Consolidated-Tomoka Land Co.</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Continuing Operations</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Shares Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number Of Shares Outstanding Basic</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Shares Applicable to Stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract" xlink:to="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number Diluted Shares Outstanding Adjustment [Abstract]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" xlink:type="locator" xlink:label="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Options Using the Treasury Stock Method</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" xlink:to="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Incremental Common Shares Attributable To Call Options And Warrants</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Shares Applicable to Diluted Earnings Per Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number Of Diluted Shares Outstanding</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment" />
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    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSharesHeldByShareholders" xlink:type="locator" xlink:label="cto_NumberOfSharesHeldByShareholders" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesHeldByShareholders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares held by shareholders.</label>
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    <loc xlink:href="cto-20151231.xsd#cto_DescriptionOfTreasuryEquityHeldByShareholderMaximum" xlink:type="locator" xlink:label="cto_DescriptionOfTreasuryEquityHeldByShareholderMaximum" />
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    <loc xlink:href="cto-20151231.xsd#cto_BuyBackExpirationDate" xlink:type="locator" xlink:label="cto_BuyBackExpirationDate" />
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    <label xml:lang="en-US" xlink:label="us-gaap_SharePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price of shares from shareholders</label>
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    <loc xlink:href="cto-20151231.xsd#cto_TreasuryStockAcquiredAggregateSharesRepurchased" xlink:type="locator" xlink:label="cto_TreasuryStockAcquiredAggregateSharesRepurchased" />
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    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockSharesRetired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Shares Retired</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockRetiredCostMethodAmount" xlink:type="locator" xlink:label="us-gaap_TreasuryStockRetiredCostMethodAmount" />
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockRetiredCostMethodAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of treasury shares retired</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockRetiredCostMethodAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Retired Cost Method Amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:type="locator" xlink:label="us-gaap_TreasuryStockSharesAcquired" />
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares repurchased</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockSharesAcquired" xlink:to="us-gaap_TreasuryStockSharesAcquired_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Shares Acquired</label>
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs of shares repurchased</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:type="locator" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare" />
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average price per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:to="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Acquired Average Cost Per Share</label>
    <label xml:lang="en-US" xlink:label="cto_TreasuryStockAcquiredAggregateSharesRepurchased_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury Stock Acquired Aggregate Shares Repurchased</label>
    <label xml:lang="en-US" xlink:label="cto_TreasuryStockAcquiredAggregateSharesRepurchased_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Acquired Aggregate Shares Repurchased</label>
    <loc xlink:href="cto-20151231.xsd#cto_LineOfCreditFacilityExtensionPeriod" xlink:type="locator" xlink:label="cto_LineOfCreditFacilityExtensionPeriod" />
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityExtensionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Line Of Credit Facility Extension Period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LineOfCreditFacilityExtensionPeriod" xlink:to="cto_LineOfCreditFacilityExtensionPeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PeriodOfLondonInterbankOfferRateForInterestRate" xlink:type="locator" xlink:label="cto_PeriodOfLondonInterbankOfferRateForInterestRate" />
    <label xml:lang="en-US" xlink:label="cto_PeriodOfLondonInterbankOfferRateForInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period of London interbank offer rate for interest rate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PeriodOfLondonInterbankOfferRateForInterestRate" xlink:to="cto_PeriodOfLondonInterbankOfferRateForInterestRate_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee" xlink:type="locator" xlink:label="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee" />
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit facility unused capacity percentage used as benchmark for commitment fee.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee" xlink:to="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:type="locator" xlink:label="us-gaap_CreditFacilityAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:type="locator" xlink:label="us-gaap_CreditFacilityDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:type="locator" xlink:label="us-gaap_RevolvingCreditFacilityMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revolving Credit Facility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevolvingCreditFacilityMember" xlink:to="us-gaap_RevolvingCreditFacilityMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revolving Credit Facility [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_AmendedCreditFacilityMember" xlink:type="locator" xlink:label="cto_AmendedCreditFacilityMember" />
    <label xml:lang="en-US" xlink:label="cto_AmendedCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amended credit facility.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AmendedCreditFacilityMember" xlink:to="cto_AmendedCreditFacilityMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AmendedCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amended Credit Facility [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AmendedCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amended Credit Facility [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityInitiationDate1" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amended date of line of credit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInitiationDate1" xlink:to="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInitiationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Initiation Date1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expiration date of line of credit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:to="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Expiration Date1</label>
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityExtensionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, extension term</label>
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityExtensionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Extension Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, maximum borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Maximum Borrowing Capacity</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, current borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Current Borrowing Capacity</label>
    <label xml:lang="en-US" xlink:label="cto_PeriodOfLondonInterbankOfferRateForInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term debt LIBOR plus interest rate, reckoning period</label>
    <label xml:lang="en-US" xlink:label="cto_PeriodOfLondonInterbankOfferRateForInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Period Of London Interbank Offer Rate For Interest Rate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, interest rate description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Interest Rate Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, basis points added to LIBOR interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Basis Spread On Variable Rate1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, commitment fee percentage on unused portion of the borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:to="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Unused Capacity Commitment Fee Percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility unused portion of borrowing capacity description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription" xlink:to="us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Unused Borrowing Capacity Description</label>
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility unused portion of the borrowing capacity fee percentage condition</label>
    <label xml:lang="en-US" xlink:label="cto_LineOfCreditFacilityUnusedCapacityPercentageUsedAsBenchmarkForCommitmentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Unused Capacity Percentage Used As Benchmark For Commitment Fee</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentMaturityDate" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Line of credit facility, maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Maturity Date</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfIncomeProperties" xlink:type="locator" xlink:label="cto_NumberOfIncomeProperties" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of income properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfIncomeProperties" xlink:to="cto_NumberOfIncomeProperties_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of income properties</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Income Properties</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loan payment terms</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts" xlink:to="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTermsVaryingAmounts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Periodic Payment Terms Varying Amounts</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of loan issued</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument conversion ratio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:to="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentConvertibleConversionRatio1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Convertible Conversion Ratio1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentCarryingAmount" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Convertible notes principal amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Carrying Amount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unamortized debt discount of notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Unamortized Discount</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtIssuanceCosts" xlink:type="locator" xlink:label="us-gaap_DebtIssuanceCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Discount for issuance of the notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtIssuanceCosts" xlink:to="us-gaap_DebtIssuanceCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DebtIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Issuance Costs</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_AccruedLiabilitiesAndOtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Accrued and Other Liabilities</label>
    <loc xlink:href="cto-20151231.xsd#cto_BaseRentPaymentsSubjectToAnnualRateAdjustment" xlink:type="locator" xlink:label="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment" />
    <label xml:lang="en-US" xlink:label="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Base rent payments subject to annual rate adjustment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment" xlink:to="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AnnualRateAdjustmentPercentage" xlink:type="locator" xlink:label="cto_AnnualRateAdjustmentPercentage" />
    <label xml:lang="en-US" xlink:label="cto_AnnualRateAdjustmentPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual rate adjustment percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AnnualRateAdjustmentPercentage" xlink:to="cto_AnnualRateAdjustmentPercentage_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_CapitalExpendituresAgreedUnderLeaseArrangement" xlink:type="locator" xlink:label="cto_CapitalExpendituresAgreedUnderLeaseArrangement" />
    <label xml:lang="en-US" xlink:label="cto_CapitalExpendituresAgreedUnderLeaseArrangement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital expenditures agreed under lease arrangement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CapitalExpendituresAgreedUnderLeaseArrangement" xlink:to="cto_CapitalExpendituresAgreedUnderLeaseArrangement_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AdditionalRentPercentageUnderLeaseAmendmentOne" xlink:type="locator" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentOne" />
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional rent percentage under lease amendment one.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AdditionalRentPercentageUnderLeaseAmendmentOne" xlink:to="cto_AdditionalRentPercentageUnderLeaseAmendmentOne_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AdditionalRentPercentageUnderLeaseAmendmentTwo" xlink:type="locator" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo" />
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional rent percentage under lease amendment two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo" xlink:to="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit" xlink:type="locator" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit" />
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Gross revenue value for additional rent under lease amendment lower limit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit" xlink:to="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit" xlink:type="locator" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit" />
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Gross revenue value for additional rent under lease amendment upper limit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit" xlink:to="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LeaseTermExpirationYear" xlink:type="locator" xlink:label="cto_LeaseTermExpirationYear" />
    <label xml:lang="en-US" xlink:label="cto_LeaseTermExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease term expiration year.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeaseTermExpirationYear" xlink:to="cto_LeaseTermExpirationYear_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AccruedLiabilitiesLineItems" xlink:type="locator" xlink:label="cto_AccruedLiabilitiesLineItems" />
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AccruedLiabilitiesLineItems" xlink:to="cto_AccruedLiabilitiesLineItems_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AccruedLiabilitiesTable" xlink:type="locator" xlink:label="cto_AccruedLiabilitiesTable" />
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AccruedLiabilitiesTable" xlink:to="cto_AccruedLiabilitiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued Liabilities [Table]</label>
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Liabilities [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAxis" xlink:to="us-gaap_RelatedPartyTransactionAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDomain" xlink:to="us-gaap_RelatedPartyTransactionDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LowesMember" xlink:type="locator" xlink:label="cto_LowesMember" />
    <label xml:lang="en-US" xlink:label="cto_LowesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lowes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LowesMember" xlink:to="cto_LowesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LowesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lowes [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LowesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lowes [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_UnfundedMember" xlink:type="locator" xlink:label="cto_UnfundedMember" />
    <label xml:lang="en-US" xlink:label="cto_UnfundedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Unfunded.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_UnfundedMember" xlink:to="cto_UnfundedMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_UnfundedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unfunded [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_UnfundedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unfunded [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued Liabilities [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_AccruedLiabilitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Liabilities [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:type="locator" xlink:label="us-gaap_LeaseAndRentalExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease, base rent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAndRentalExpense" xlink:to="us-gaap_LeaseAndRentalExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease And Rental Expense</label>
    <label xml:lang="en-US" xlink:label="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Base rent payments per year</label>
    <label xml:lang="en-US" xlink:label="cto_BaseRentPaymentsSubjectToAnnualRateAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Base Rent Payments Subject To Annual Rate Adjustment</label>
    <label xml:lang="en-US" xlink:label="cto_AnnualRateAdjustmentPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual rate adjustment percentage</label>
    <label xml:lang="en-US" xlink:label="cto_AnnualRateAdjustmentPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Annual Rate Adjustment Percentage</label>
    <label xml:lang="en-US" xlink:label="cto_CapitalExpendituresAgreedUnderLeaseArrangement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments agreed under lease arrangement</label>
    <label xml:lang="en-US" xlink:label="cto_CapitalExpendituresAgreedUnderLeaseArrangement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capital Expenditures Agreed Under Lease Arrangement</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases" xlink:type="locator" xlink:label="us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases" />
    <label xml:lang="en-US" xlink:label="us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Description of additional rent payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases" xlink:to="us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DescriptionOfLesseeLeasingArrangementsOperatingLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Description Of Lessee Leasing Arrangements Operating Leases</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional rent percentage exceeding $5,500,000 gross revenue</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Rent Percentage Under Lease Amendment One</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional rent percentage on exceeding $6,500,000 gross revenue</label>
    <label xml:lang="en-US" xlink:label="cto_AdditionalRentPercentageUnderLeaseAmendmentTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Rent Percentage Under Lease Amendment Two</label>
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gross revenue value for additional rent under lease amendment lower limit</label>
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gross Revenue Value For Additional Rent Under Lease Amendment Lower Limit</label>
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gross revenue value for additional rent under lease amendment upper limit</label>
    <label xml:lang="en-US" xlink:label="cto_GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gross Revenue Value For Additional Rent Under Lease Amendment Upper Limit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredCostsLeasingGross" xlink:type="locator" xlink:label="us-gaap_DeferredCostsLeasingGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsLeasingGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rent deferred, no longer due</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCostsLeasingGross" xlink:to="us-gaap_DeferredCostsLeasingGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredCostsLeasingGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Costs Leasing Gross</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseTermExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease term expiration year</label>
    <label xml:lang="en-US" xlink:label="cto_LeaseTermExpirationYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Term Expiration Year</label>
    <loc xlink:href="cto-20151231.xsd#cto_EstimatedAdditionalEnvironmentalRemediationCosts" xlink:type="locator" xlink:label="cto_EstimatedAdditionalEnvironmentalRemediationCosts" />
    <label xml:lang="en-US" xlink:label="cto_EstimatedAdditionalEnvironmentalRemediationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated additional environmental remediation costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_EstimatedAdditionalEnvironmentalRemediationCosts" xlink:to="cto_EstimatedAdditionalEnvironmentalRemediationCosts_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingencies" xlink:type="locator" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Environmental reserve accrued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccrualForEnvironmentalLossContingencies" xlink:to="us-gaap_AccrualForEnvironmentalLossContingencies_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccrualForEnvironmentalLossContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accrual For Environmental Loss Contingencies</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates" xlink:type="locator" xlink:label="us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional environmental reserve accrued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates" xlink:to="us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedAdditionalEnvironmentalRemediationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated additional environmental remediation costs</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedAdditionalEnvironmentalRemediationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Estimated Additional Environmental Remediation Costs</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostOfServicesEnvironmentalRemediation" xlink:type="locator" xlink:label="us-gaap_CostOfServicesEnvironmentalRemediation" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostOfServicesEnvironmentalRemediation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Environmental remediation cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfServicesEnvironmentalRemediation" xlink:to="us-gaap_CostOfServicesEnvironmentalRemediation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostOfServicesEnvironmentalRemediation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cost Of Services Environmental Remediation</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AffiliateCosts" xlink:type="locator" xlink:label="us-gaap_AffiliateCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_AffiliateCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs affiliated with wetlands mitigation permits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AffiliateCosts" xlink:to="us-gaap_AffiliateCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AffiliateCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Affiliate Costs</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EnvironmentalExitCostsCostsAccruedToDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Restoration cost accrual</label>
    <loc xlink:href="cto-20151231.xsd#cto_DeferredRevenuesOther" xlink:type="locator" xlink:label="cto_DeferredRevenuesOther" />
    <label xml:lang="en-US" xlink:label="cto_DeferredRevenuesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred revenues other.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredRevenuesOther" xlink:to="cto_DeferredRevenuesOther_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevenueRecognitionAbstract" xlink:type="locator" xlink:label="us-gaap_RevenueRecognitionAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_RevenueRecognitionAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Recognition [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionAbstract" xlink:to="us-gaap_RevenueRecognitionAbstract_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueArrangementByTypeTable" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueArrangementByTypeTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementByTypeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue Arrangement By Type [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueArrangementByTypeTable" xlink:to="us-gaap_DeferredRevenueArrangementByTypeTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementByTypeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Arrangement By Type [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeAxis" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueArrangementTypeAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue Arrangement Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueArrangementTypeAxis" xlink:to="us-gaap_DeferredRevenueArrangementTypeAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Arrangement Type [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueArrangementTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue Arrangement Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueArrangementTypeDomain" xlink:to="us-gaap_DeferredRevenueArrangementTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Arrangement Type [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_EscrowReserveContainerStoreLoanMember" xlink:type="locator" xlink:label="cto_EscrowReserveContainerStoreLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_EscrowReserveContainerStoreLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Category of deferred revenue by arrangement for the escrow reserve specific to the Container Store Loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_EscrowReserveContainerStoreLoanMember" xlink:to="cto_EscrowReserveContainerStoreLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_EscrowReserveContainerStoreLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Escrow Reserve, Container Store Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_EscrowReserveContainerStoreLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Reserve Container Store Loan [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_EscrowReservePlantationOaksLoanMember" xlink:type="locator" xlink:label="cto_EscrowReservePlantationOaksLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_EscrowReservePlantationOaksLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Category of deferred revenue by arrangement for the escrow reserve specific to the Plantation Oaks Loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_EscrowReservePlantationOaksLoanMember" xlink:to="cto_EscrowReservePlantationOaksLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_EscrowReservePlantationOaksLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Escrow Reserve, Plantation Oaks Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_EscrowReservePlantationOaksLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Reserve Plantation Oaks Loan [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueArrangementLineItems" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueArrangementLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue Arrangement [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueArrangementLineItems" xlink:to="us-gaap_DeferredRevenueArrangementLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueArrangementLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Arrangement [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueLeasesNet" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueLeasesNet" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueLeasesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Oil Exploration Lease Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueLeasesNet" xlink:to="us-gaap_DeferredRevenueLeasesNet_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueLeasesNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Leases Net</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredGainOnSaleOfProperty" xlink:type="locator" xlink:label="us-gaap_DeferredGainOnSaleOfProperty" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Land Sale Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredGainOnSaleOfProperty" xlink:to="us-gaap_DeferredGainOnSaleOfProperty_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredGainOnSaleOfProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Gain On Sale Of Property</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdvanceRent" xlink:type="locator" xlink:label="us-gaap_AdvanceRent" />
    <label xml:lang="en-US" xlink:label="us-gaap_AdvanceRent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid Rent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdvanceRent" xlink:to="us-gaap_AdvanceRent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_AdvanceRent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advance Rent</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Escrow Reserve</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredRevenuesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Deferred Revenue</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredRevenuesOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenues Other</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueAndCredits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Deferred Revenue</label>
    <loc xlink:href="cto-20151231.xsd#cto_OilExplorationLeasePeriod" xlink:type="locator" xlink:label="cto_OilExplorationLeasePeriod" />
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeasePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Oil exploration lease period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OilExplorationLeasePeriod" xlink:to="cto_OilExplorationLeasePeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LeasePeriods" xlink:type="locator" xlink:label="cto_LeasePeriods" />
    <label xml:lang="en-US" xlink:label="cto_LeasePeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease periods.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeasePeriods" xlink:to="cto_LeasePeriods_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_LeasesExpirationPeriod" xlink:type="locator" xlink:label="cto_LeasesExpirationPeriod" />
    <label xml:lang="en-US" xlink:label="cto_LeasesExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Leases expiration period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LeasesExpirationPeriod" xlink:to="cto_LeasesExpirationPeriod_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:type="locator" xlink:label="us-gaap_ProceedsFromCollectionOfLeaseReceivables" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromCollectionOfLeaseReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Received rent payment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromCollectionOfLeaseReceivables" xlink:to="us-gaap_ProceedsFromCollectionOfLeaseReceivables_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromCollectionOfLeaseReceivables_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Collection Of Lease Receivables</label>
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeasePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Term of oil exploration lease</label>
    <label xml:lang="en-US" xlink:label="cto_OilExplorationLeasePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oil Exploration Lease Period</label>
    <label xml:lang="en-US" xlink:label="cto_LeasePeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease period where payment recognized</label>
    <label xml:lang="en-US" xlink:label="cto_LeasePeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Periods</label>
    <label xml:lang="en-US" xlink:label="cto_LeasesExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease expiration year</label>
    <label xml:lang="en-US" xlink:label="cto_LeasesExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Leases Expiration Period</label>
    <loc xlink:href="cto-20151231.xsd#cto_EstimatedCompletionDate" xlink:type="locator" xlink:label="cto_EstimatedCompletionDate" />
    <label xml:lang="en-US" xlink:label="cto_EstimatedCompletionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated Completion Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_EstimatedCompletionDate" xlink:to="cto_EstimatedCompletionDate_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredRevenueRevenueRecognized" xlink:type="locator" xlink:label="us-gaap_DeferredRevenueRevenueRecognized" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueRevenueRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Revenue, Revenue Recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueRevenueRecognized" xlink:to="us-gaap_DeferredRevenueRevenueRecognized_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredRevenueRevenueRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue Revenue Recognized</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedCompletionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated Completion Date</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedCompletionDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Estimated Completion Date</label>
    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanEligibilityAge" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanEligibilityAge" />
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanEligibilityAge_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined benefit plan eligibility age.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DefinedBenefitPlanEligibilityAge" xlink:to="cto_DefinedBenefitPlanEligibilityAge_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanEligibilityServicePeriod" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanEligibilityServicePeriod" />
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanEligibilityServicePeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined benefit plan eligibility service period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DefinedBenefitPlanEligibilityServicePeriod" xlink:to="cto_DefinedBenefitPlanEligibilityServicePeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PensionBenefitsAverageCompensationHighestConsecutivePeriods" xlink:type="locator" xlink:label="cto_PensionBenefitsAverageCompensationHighestConsecutivePeriods" />
    <label xml:lang="en-US" xlink:label="cto_PensionBenefitsAverageCompensationHighestConsecutivePeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Pension benefits average compensation highest consecutive periods.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PensionBenefitsAverageCompensationHighestConsecutivePeriods" xlink:to="cto_PensionBenefitsAverageCompensationHighestConsecutivePeriods_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PensionBenefitsAverageCompensationHighestConsecutiveFinalPeriodOfEmployment" xlink:type="locator" xlink:label="cto_PensionBenefitsAverageCompensationHighestConsecutiveFinalPeriodOfEmployment" />
    <label xml:lang="en-US" xlink:label="cto_PensionBenefitsAverageCompensationHighestConsecutiveFinalPeriodOfEmployment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Pension benefits average compensation highest consecutive final period of employment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PensionBenefitsAverageCompensationHighestConsecutiveFinalPeriodOfEmployment" xlink:to="cto_PensionBenefitsAverageCompensationHighestConsecutiveFinalPeriodOfEmployment_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Defined Benefit Plans Disclosures [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:to="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Defined Benefit Plans Disclosures [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined Benefit Plan By Plan Asset Categories</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xlink:to="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plan By Plan Asset Categories [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PlanAssetCategoriesDomain" xlink:type="locator" xlink:label="us-gaap_PlanAssetCategoriesDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanAssetCategoriesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Asset Categories</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PlanAssetCategoriesDomain" xlink:to="us-gaap_PlanAssetCategoriesDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PlanAssetCategoriesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Plan Asset Categories [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FixedIncomeSecuritiesMember" xlink:type="locator" xlink:label="us-gaap_FixedIncomeSecuritiesMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_FixedIncomeSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed Income Securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FixedIncomeSecuritiesMember" xlink:to="us-gaap_FixedIncomeSecuritiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_FixedIncomeSecuritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fixed Income Securities [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and Cash Equivalents [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsMember" xlink:to="us-gaap_CashAndCashEquivalentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems" />
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    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfProjectedBenefitObligationPercentage" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfProjectedBenefitObligationPercentage" />
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    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfMarketRelatedValueOfAssetsPercentage" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfMarketRelatedValueOfAssetsPercentage" />
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    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod" />
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined benefit plan excess of unrecognized gain (loss) amortization period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod" xlink:to="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod_lbl" />
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    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfProjectedBenefitObligationPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plan Excess Of Unrecognized Gain Loss Of Projected Benefit Obligation Percentage</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfMarketRelatedValueOfAssetsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Excess of the unrecognized (gain) or loss of the market related value of assets, percent</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossOfMarketRelatedValueOfAssetsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plan Excess Of Unrecognized Gain Loss Of Market Related Value Of Assets Percentage</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Excess of the unrecognized (gain) or loss, amortization period</label>
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    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitsAndPlanExpensesPaid" xlink:type="locator" xlink:label="cto_DefinedBenefitsAndPlanExpensesPaid" />
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitsAndPlanExpensesPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined benefits and plan expenses paid.</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanBenefitsPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Benefit Payments</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanAdministrationExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Administrative Expenses</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination Settlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod" xlink:to="us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanCostOfProvidingSpecialOrContractualTerminationBenefitRecognizedDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plan Cost Of Providing Special Or Contractual Termination Benefit Recognized During Period</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitsAndPlanExpensesPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitsAndPlanExpensesPaid_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefits And Plan Expenses Paid</label>
    <loc xlink:href="cto-20151231.xsd#cto_DefinedBenefitPlanTargetAllocationOfInvestmentsPercentage" xlink:type="locator" xlink:label="cto_DefinedBenefitPlanTargetAllocationOfInvestmentsPercentage" />
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanTargetAllocationOfInvestmentsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined benefit plan target allocation of investments, percentage.</label>
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    <loc xlink:href="cto-20151231.xsd#cto_ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets" xlink:type="locator" xlink:label="cto_ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets" />
    <label xml:lang="en-US" xlink:label="cto_ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Short term obligations of domestic government percentage of consolidated assets.</label>
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    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSecurities" xlink:type="locator" xlink:label="cto_NumberOfSecurities" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of securities.</label>
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    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanTargetAllocationOfInvestmentsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allocation of investments</label>
    <label xml:lang="en-US" xlink:label="cto_DefinedBenefitPlanTargetAllocationOfInvestmentsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plan Target Allocation Of Investments Percentage</label>
    <label xml:lang="en-US" xlink:label="cto_ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term obligations of the U.S. government, percentage of consolidated assets</label>
    <label xml:lang="en-US" xlink:label="cto_ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Obligations Of Domestic Government Percentage Of Consolidated Assets</label>
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    <label xml:lang="en-US" xlink:label="cto_NumberOfSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Securities</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pension plan assets</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlanBenefitObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expected future benefit payments</label>
    <loc xlink:href="cto-20151231.xsd#cto_DeferredCompensationArrangementRequisiteServiceAge" xlink:type="locator" xlink:label="cto_DeferredCompensationArrangementRequisiteServiceAge" />
    <label xml:lang="en-US" xlink:label="cto_DeferredCompensationArrangementRequisiteServiceAge_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred compensation arrangement requisite service age.</label>
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    <loc xlink:href="cto-20151231.xsd#cto_DeferredCompensationArrangementRequisiteServicePeriodMinimum" xlink:type="locator" xlink:label="cto_DeferredCompensationArrangementRequisiteServicePeriodMinimum" />
    <label xml:lang="en-US" xlink:label="cto_DeferredCompensationArrangementRequisiteServicePeriodMinimum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred compensation arrangement requisite service period minimum.</label>
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    <loc xlink:href="cto-20151231.xsd#cto_DeferredCompensationArrangementInsurancePlanMaximumCoverageValue" xlink:type="locator" xlink:label="cto_DeferredCompensationArrangementInsurancePlanMaximumCoverageValue" />
    <label xml:lang="en-US" xlink:label="cto_DeferredCompensationArrangementInsurancePlanMaximumCoverageValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred compensation arrangement insurance plan maximum coverage value.</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Deferred Compensation Arrangement With Individual Postretirement Benefits [Table]</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Deferred Compensation Arrangement With Individual Postretirement Benefits [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined Benefit Plans Disclosures Defined Benefit Plans</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPlansDomain" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPlansDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlansDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined Benefit Plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlansDomain" xlink:to="us-gaap_DefinedBenefitPlansDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DefinedBenefitPlansDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Defined Benefit Plans [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember" xlink:type="locator" xlink:label="us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Post-Retirement Supplemental Medicare Benefits Programs [Member]</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Supplemental Employee Retirement Plan Defined Benefit [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:type="locator" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Compensation Arrangement With Individual Postretirement Benefits By Type Of Deferred Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:to="us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_lbl" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherPostretirementBenefitsIndividualContractsTypeOfDeferredCompensationDomain" xlink:type="locator" xlink:label="us-gaap_OtherPostretirementBenefitsIndividualContractsTypeOfDeferredCompensationDomain" />
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    <label xml:lang="en-US" xlink:label="us-gaap_OtherPostretirementBenefitsIndividualContractsTypeOfDeferredCompensationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Postretirement Benefits Individual Contracts Type Of Deferred Compensation [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DefinedBenefitPostretirementLifeInsuranceMember" xlink:type="locator" xlink:label="us-gaap_DefinedBenefitPostretirementLifeInsuranceMember" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" />
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    <loc xlink:href="cto-20151231.xsd#cto_EmployeeServiceShareBasedCompensationNonvestedAwardsPeriodForPerformance" xlink:type="locator" xlink:label="cto_EmployeeServiceShareBasedCompensationNonvestedAwardsPeriodForPerformance" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stock based compensation, Shares Outstanding, beginning balance</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Granted</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Stock based compensation, Shares, Vested</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Expired</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Stock based compensation, Shares, Forfeited</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Shares Outstanding, ending balance</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Fair Value Per Share, Expired</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired Weighted Average Grant Date Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Fair Value Per Share, Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Weighted Average Fair Value Per Share, ending balance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized compensation cost related to market condition non-vested restricted shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average period of unrecognized compensation cost to be recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1</label>
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedSharesVestingConditionDescription" xlink:type="locator" xlink:label="cto_RestrictedSharesVestingConditionDescription" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedSharesVestingConditionDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted shares vesting condition description.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedSharesVestingConditionDescription" xlink:to="cto_RestrictedSharesVestingConditionDescription_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedShareAwardClosingPricesPerShareMinimum" xlink:type="locator" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMinimum" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMinimum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted share award closing prices per share minimum.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedShareAwardClosingPricesPerShareMinimum" xlink:to="cto_RestrictedShareAwardClosingPricesPerShareMinimum_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedShareAwardClosingPricesPerShareMaximum" xlink:type="locator" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMaximum" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted share award closing prices per share maximum.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedShareAwardClosingPricesPerShareMaximum" xlink:to="cto_RestrictedShareAwardClosingPricesPerShareMaximum_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod" xlink:type="locator" xlink:label="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted share award employee benefit termination period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod" xlink:to="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions" xlink:type="locator" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions" />
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award number of increments to vest stock options.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions" xlink:to="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:type="locator" xlink:label="us-gaap_TitleOfIndividualAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_TitleOfIndividualAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title Of Individual</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TitleOfIndividualAxis" xlink:to="us-gaap_TitleOfIndividualAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TitleOfIndividualAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Title Of Individual [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:type="locator" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title Of Individual With Relationship To Entity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Title Of Individual With Relationship To Entity [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MrAlbrightMember" xlink:type="locator" xlink:label="cto_MrAlbrightMember" />
    <label xml:lang="en-US" xlink:label="cto_MrAlbrightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mr Albright-CEO.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MrAlbrightMember" xlink:to="cto_MrAlbrightMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MrAlbrightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mr Albright [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MrAlbrightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mr Albright [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MrPattenMember" xlink:type="locator" xlink:label="cto_MrPattenMember" />
    <label xml:lang="en-US" xlink:label="cto_MrPattenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mr Patten-CFO.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MrPattenMember" xlink:to="cto_MrPattenMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MrPattenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mr Patten [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MrPattenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mr Patten [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MrSmithMember" xlink:type="locator" xlink:label="cto_MrSmithMember" />
    <label xml:lang="en-US" xlink:label="cto_MrSmithMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mr Smith.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MrSmithMember" xlink:to="cto_MrSmithMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MrSmithMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mr Smith [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MrSmithMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mr Smith [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OfficerMember" xlink:type="locator" xlink:label="us-gaap_OfficerMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_OfficerMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Officer [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OfficerMember" xlink:to="us-gaap_OfficerMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OfficerMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Officer [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_InducementGrantOfRestrictedStockMember" xlink:type="locator" xlink:label="cto_InducementGrantOfRestrictedStockMember" />
    <label xml:lang="en-US" xlink:label="cto_InducementGrantOfRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Inducement grant of restricted stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_InducementGrantOfRestrictedStockMember" xlink:to="cto_InducementGrantOfRestrictedStockMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_InducementGrantOfRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Inducement Grant of Restricted Stock [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_InducementGrantOfRestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Inducement Grant Of Restricted Stock [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedSharesVestingConditionDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted shares vesting description</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedSharesVestingConditionDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Shares Vesting Condition Description</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMinimum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted share award closing prices range per share, Minimum</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMinimum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Share Award Closing Prices Per Share Minimum</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted share award closing prices range per share, Maximum</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardClosingPricesPerShareMaximum_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Share Award Closing Prices Per Share Maximum</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted share award average closing prices, period</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitTerminationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Share Award Employee Benefit Termination Period</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of increments had vested</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Increments To Vest Stock Options</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Forfeited</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Granted</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Vested</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Expired</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Forfeited</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average period of compensation cost to be recognized</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percent of restricted shares vested in each anniversaries, description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized compensation cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized</label>
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption" xlink:type="locator" xlink:label="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted share award employee benefit expiry of option.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption" xlink:to="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_CertainEmployeesMember" xlink:type="locator" xlink:label="cto_CertainEmployeesMember" />
    <label xml:lang="en-US" xlink:label="cto_CertainEmployeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Certain employees.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CertainEmployeesMember" xlink:to="cto_CertainEmployeesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CertainEmployeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certain Employee [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CertainEmployeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Certain Employees [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expiry of option</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedShareAwardEmployeeBenefitExpiryOfOption_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Share Award Employee Benefit Expiry Of Option</label>
    <loc xlink:href="cto-20151231.xsd#cto_OptionsVestDescription" xlink:type="locator" xlink:label="cto_OptionsVestDescription" />
    <label xml:lang="en-US" xlink:label="cto_OptionsVestDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Options vest description.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_OptionsVestDescription" xlink:to="cto_OptionsVestDescription_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Options granted exercise price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price</label>
    <label xml:lang="en-US" xlink:label="cto_OptionsVestDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percent of options vested in each anniversaries, description</label>
    <label xml:lang="en-US" xlink:label="cto_OptionsVestDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Options Vest Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stock based compensation, Shares Outstanding, beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" />
    <label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Stock based compensation, Shares, Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period Shares Stock Options Exercised</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Expired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Stock based compensation, Shares, Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Shares Outstanding, ending balance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number</label>
    <loc xlink:href="cto-20151231.xsd#cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice" xlink:type="locator" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice" />
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Weighted Average Grant Date Fair Value Exercise Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice" xlink:to="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stock based compensation, Weighted Average Exercise Price, beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Exercise Price, Granted</label>
    <label xml:lang="en-US" xlink:label="cto_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValueExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Weighted Average Grant Date Fair Value Exercise Price</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Exercise Price, Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Exercise Price, Expired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Exercise Price, Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value</label>
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Weighted Average Exercise Price, ending balance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Weighted Average Exercise Price, Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Remaining Contractual Term, Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Remaining Contractual Term, Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Aggregate Intrinsic Value, Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" />
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" />
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    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Vested</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average grant-date fair value of options granted</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total intrinsic value of options exercised</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value</label>
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    <loc xlink:href="cto-20151231.xsd#cto_TwoThousandOnePlanMember" xlink:type="locator" xlink:label="cto_TwoThousandOnePlanMember" />
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    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Stock Option [Member]</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stock based compensation, Weighted Average Fair Value, beginning balance</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Granted</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Fair Value, Exercised</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Weighted Average Fair Value Per Share, Forfeited</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stock based compensation, Weighted Average Fair Value, ending balance</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock based compensation, Weighted Average Fair Value, Exercisable</label>
    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Vested, Shares</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Forfeited, Shares</label>
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    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risk-Free Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option shares issued under stock appreciation rights</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock option liability</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total Cost of Share-Based Plans Charged Against Income Before Tax Effect</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:type="locator" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income Tax Expense Recognized in Income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Service Share Based Compensation Tax Benefit From Compensation Expense</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSharesExceedingAnnualAwardLimit" xlink:type="locator" xlink:label="cto_NumberOfSharesExceedingAnnualAwardLimit" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesExceedingAnnualAwardLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of share exceeding annual award limit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfSharesExceedingAnnualAwardLimit" xlink:to="cto_NumberOfSharesExceedingAnnualAwardLimit_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RestrictedCommonStockMember" xlink:type="locator" xlink:label="cto_RestrictedCommonStockMember" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedCommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted common stock.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RestrictedCommonStockMember" xlink:to="cto_RestrictedCommonStockMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RestrictedCommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Common Stock [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RestrictedCommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Common Stock [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScenarioPlanOneMember" xlink:type="locator" xlink:label="cto_ScenarioPlanOneMember" />
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Scenario Plan One.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScenarioPlanOneMember" xlink:to="cto_ScenarioPlanOneMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">January 28, 2017</label>
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Plan One [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ScenarioPlanTwoMember" xlink:type="locator" xlink:label="cto_ScenarioPlanTwoMember" />
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Scenario Plan Two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ScenarioPlanTwoMember" xlink:to="cto_ScenarioPlanTwoMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">January 28, 2018</label>
    <label xml:lang="en-US" xlink:label="cto_ScenarioPlanTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Plan Two [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesExceedingAnnualAwardLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares exceeding annual award limit</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesExceedingAnnualAwardLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares Exceeding Annual Award Limit</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSharesLimitOnCompensationPlan" xlink:type="locator" xlink:label="cto_NumberOfSharesLimitOnCompensationPlan" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesLimitOnCompensationPlan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares limit on compensation plan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfSharesLimitOnCompensationPlan" xlink:to="cto_NumberOfSharesLimitOnCompensationPlan_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesLimitOnCompensationPlan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares limit on compensation plan</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesLimitOnCompensationPlan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares Limit On Compensation Plan</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfSharesReflectedAsStockCompensationExpense" xlink:type="locator" xlink:label="cto_NumberOfSharesReflectedAsStockCompensationExpense" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesReflectedAsStockCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares reflected as stock compensation expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfSharesReflectedAsStockCompensationExpense" xlink:to="cto_NumberOfSharesReflectedAsStockCompensationExpense_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesReflectedAsStockCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares reflected as stock compensation expense</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfSharesReflectedAsStockCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares Reflected As Stock Compensation Expense</label>
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation, Shares, Vested</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number</label>
    <loc xlink:href="cto-20151231.xsd#cto_DeferredIncomeTax" xlink:type="locator" xlink:label="cto_DeferredIncomeTax" />
    <label xml:lang="en-US" xlink:label="cto_DeferredIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred income tax.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredIncomeTax" xlink:to="cto_DeferredIncomeTax_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal - Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentFederalTaxExpenseBenefit" xlink:to="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Federal Tax Expense Benefit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State - Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current State And Local Tax Expense Benefit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total - Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Income Tax Expense Benefit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal - Deferred</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Federal Income Tax Expense Benefit</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State - Deferred</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred State And Local Income Tax Expense Benefit</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total - Deferred</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredIncomeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax</label>
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxAssetsDepreciation" xlink:type="locator" xlink:label="cto_DeferredTaxAssetsDepreciation" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets depreciation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxAssetsDepreciation" xlink:to="cto_DeferredTaxAssetsDepreciation_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxAssetsIntangibleLeaseLiability" xlink:type="locator" xlink:label="cto_DeferredTaxAssetsIntangibleLeaseLiability" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsIntangibleLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets intangible lease liability.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxAssetsIntangibleLeaseLiability" xlink:to="cto_DeferredTaxAssetsIntangibleLeaseLiability_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxAssetsDeferredRevenueOnLandSales" xlink:type="locator" xlink:label="cto_DeferredTaxAssetsDeferredRevenueOnLandSales" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsDeferredRevenueOnLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets deferred revenue on land sales.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxAssetsDeferredRevenueOnLandSales" xlink:to="cto_DeferredTaxAssetsDeferredRevenueOnLandSales_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxAssetsDeferredOilLeaseIncome" xlink:type="locator" xlink:label="cto_DeferredTaxAssetsDeferredOilLeaseIncome" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsDeferredOilLeaseIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets deferred oil lease income.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxAssetsDeferredOilLeaseIncome" xlink:to="cto_DeferredTaxAssetsDeferredOilLeaseIncome_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits" xlink:type="locator" xlink:label="cto_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets tax deferred expense compensation and benefits pensions and other post retirement benefits.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits" xlink:to="cto_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxLiabilitiesSalesOfRealEstate" xlink:type="locator" xlink:label="cto_DeferredTaxLiabilitiesSalesOfRealEstate" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxLiabilitiesSalesOfRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax liabilities sales of real estate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxLiabilitiesSalesOfRealEstate" xlink:to="cto_DeferredTaxLiabilitiesSalesOfRealEstate_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_DeferredTaxLiabilitiesDiscountOnEquityComponentOfConvertibleDebt" xlink:type="locator" xlink:label="cto_DeferredTaxLiabilitiesDiscountOnEquityComponentOfConvertibleDebt" />
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxLiabilitiesDiscountOnEquityComponentOfConvertibleDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax liabilities discount on equity component of convertible debt.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DeferredTaxLiabilitiesDiscountOnEquityComponentOfConvertibleDebt" xlink:to="cto_DeferredTaxLiabilitiesDiscountOnEquityComponentOfConvertibleDebt_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract" xlink:type="locator" xlink:label="us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Income Tax Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract" xlink:to="us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_DeferredTaxAssetsNetOfValuationAllowanceAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets Net Of Valuation Allowance [Abstract]</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation</label>
    <label xml:lang="en-US" xlink:label="cto_DeferredTaxAssetsDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets Depreciation</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Two Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Three Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Four Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2020</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due In Five Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021 and thereafter (cumulative)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due Thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Due</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LossContingenciesTable" xlink:type="locator" xlink:label="us-gaap_LossContingenciesTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingencies [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:type="locator" xlink:label="us-gaap_LitigationCaseAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationCaseAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Litigation Case</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationCaseAxis" xlink:to="us-gaap_LitigationCaseAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationCaseAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Litigation Case [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LitigationCaseTypeDomain" xlink:type="locator" xlink:label="us-gaap_LitigationCaseTypeDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationCaseTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Litigation Case Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationCaseTypeDomain" xlink:to="us-gaap_LitigationCaseTypeDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationCaseTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Litigation Case Type [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_FMBayberryCoveHoldingLLCMember" xlink:type="locator" xlink:label="cto_FMBayberryCoveHoldingLLCMember" />
    <label xml:lang="en-US" xlink:label="cto_FMBayberryCoveHoldingLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">FM Bayberry Cove Holding-Foreclosure.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_FMBayberryCoveHoldingLLCMember" xlink:to="cto_FMBayberryCoveHoldingLLCMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_FMBayberryCoveHoldingLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">FM Bayberry Cove Holding, LLC [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_FMBayberryCoveHoldingLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">F M Bayberry Cove Holding L L C [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:type="locator" xlink:label="us-gaap_LossContingenciesLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingencies [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LossContingenciesLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies [Line Items]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_LeaseAndRentalExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Rental expense under operating leases</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable Current</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable In Two Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable In Three Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2019</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable In Four Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2020</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable In Five Years</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021 and thereafter (cumulative)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable Thereafter</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Future Minimum Payments Receivable</label>
    <loc xlink:href="cto-20151231.xsd#cto_SettlementReserveAccrued" xlink:type="locator" xlink:label="cto_SettlementReserveAccrued" />
    <label xml:lang="en-US" xlink:label="cto_SettlementReserveAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Settlement reserve accrued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SettlementReserveAccrued" xlink:to="cto_SettlementReserveAccrued_lbl" />
    <label xml:lang="en-US" xlink:label="cto_SettlementReserveAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Settlement reserve accrued</label>
    <label xml:lang="en-US" xlink:label="cto_SettlementReserveAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Settlement Reserve Accrued</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LitigationReserve" xlink:type="locator" xlink:label="us-gaap_LitigationReserve" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationReserve_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional reserve reflect value of additional underdeveloped acres and cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationReserve" xlink:to="us-gaap_LitigationReserve_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LitigationReserve_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Litigation Reserve</label>
    <loc xlink:href="cto-20151231.xsd#cto_ClaimOfLienOnRealProperty" xlink:type="locator" xlink:label="cto_ClaimOfLienOnRealProperty" />
    <label xml:lang="en-US" xlink:label="cto_ClaimOfLienOnRealProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Claim of lien on real property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ClaimOfLienOnRealProperty" xlink:to="cto_ClaimOfLienOnRealProperty_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_SummaryJudgmentOfForeclosureHearingDate" xlink:type="locator" xlink:label="cto_SummaryJudgmentOfForeclosureHearingDate" />
    <label xml:lang="en-US" xlink:label="cto_SummaryJudgmentOfForeclosureHearingDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary judgment of foreclosure hearing date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SummaryJudgmentOfForeclosureHearingDate" xlink:to="cto_SummaryJudgmentOfForeclosureHearingDate_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_IdentifiedForeClosureSaleDate" xlink:type="locator" xlink:label="cto_IdentifiedForeClosureSaleDate" />
    <label xml:lang="en-US" xlink:label="cto_IdentifiedForeClosureSaleDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Identified fore closure sale date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IdentifiedForeClosureSaleDate" xlink:to="cto_IdentifiedForeClosureSaleDate_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ClaimOfLienOnRealProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Claim of lien on real property</label>
    <label xml:lang="en-US" xlink:label="cto_ClaimOfLienOnRealProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Claim Of Lien On Real Property</label>
    <label xml:lang="en-US" xlink:label="cto_SummaryJudgmentOfForeclosureHearingDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary judgment of foreclosure hearing date</label>
    <label xml:lang="en-US" xlink:label="cto_SummaryJudgmentOfForeclosureHearingDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Judgment Of Foreclosure Hearing Date</label>
    <label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Area of real estate property</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LossContingencyDamagesAwardedValue" xlink:type="locator" xlink:label="us-gaap_LossContingencyDamagesAwardedValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingencyDamagesAwardedValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Claim for un-reimbursed costs and accrued interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDamagesAwardedValue" xlink:to="us-gaap_LossContingencyDamagesAwardedValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_LossContingencyDamagesAwardedValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingency Damages Awarded Value</label>
    <label xml:lang="en-US" xlink:label="cto_IdentifiedForeClosureSaleDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Company&apos;s foreclosure sale date</label>
    <label xml:lang="en-US" xlink:label="cto_IdentifiedForeClosureSaleDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Identified Fore Closure Sale Date</label>
    <loc xlink:href="cto-20151231.xsd#cto_EstimatedCostOfImprovements" xlink:type="locator" xlink:label="cto_EstimatedCostOfImprovements" />
    <label xml:lang="en-US" xlink:label="cto_EstimatedCostOfImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated cost of improvements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_EstimatedCostOfImprovements" xlink:to="cto_EstimatedCostOfImprovements_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PercentageOfActualCostForReimbursementOfImprovementCost" xlink:type="locator" xlink:label="cto_PercentageOfActualCostForReimbursementOfImprovementCost" />
    <label xml:lang="en-US" xlink:label="cto_PercentageOfActualCostForReimbursementOfImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of actual cost for reimbursement of improvement cost.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PercentageOfActualCostForReimbursementOfImprovementCost" xlink:to="cto_PercentageOfActualCostForReimbursementOfImprovementCost_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ActualImprovementCost" xlink:type="locator" xlink:label="cto_ActualImprovementCost" />
    <label xml:lang="en-US" xlink:label="cto_ActualImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Actual improvement cost.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ActualImprovementCost" xlink:to="cto_ActualImprovementCost_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReimbursementPeriodOfLandImprovementCost" xlink:type="locator" xlink:label="cto_ReimbursementPeriodOfLandImprovementCost" />
    <label xml:lang="en-US" xlink:label="cto_ReimbursementPeriodOfLandImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reimbursement period of land improvement cost.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReimbursementPeriodOfLandImprovementCost" xlink:to="cto_ReimbursementPeriodOfLandImprovementCost_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_CapitalExpenditureCommitments" xlink:type="locator" xlink:label="cto_CapitalExpenditureCommitments" />
    <label xml:lang="en-US" xlink:label="cto_CapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital expenditure commitments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CapitalExpenditureCommitments" xlink:to="cto_CapitalExpenditureCommitments_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ConstructionAndOtherCommitmentMember" xlink:type="locator" xlink:label="cto_ConstructionAndOtherCommitmentMember" />
    <label xml:lang="en-US" xlink:label="cto_ConstructionAndOtherCommitmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Construction and other commitment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ConstructionAndOtherCommitmentMember" xlink:to="cto_ConstructionAndOtherCommitmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ConstructionAndOtherCommitmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction and Other Commitment [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ConstructionAndOtherCommitmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction And Other Commitment [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WilliamsonCrossingRemainingSiteMember" xlink:type="locator" xlink:label="cto_WilliamsonCrossingRemainingSiteMember" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingRemainingSiteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Williamson Crossing Remaining Site.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WilliamsonCrossingRemainingSiteMember" xlink:to="cto_WilliamsonCrossingRemainingSiteMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingRemainingSiteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Williamson Crossing Remaining Site [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WilliamsonCrossingRemainingSiteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Williamson Crossing Remaining Site [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_IntegraLandCompanyMember" xlink:type="locator" xlink:label="cto_IntegraLandCompanyMember" />
    <label xml:lang="en-US" xlink:label="cto_IntegraLandCompanyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Integra land company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IntegraLandCompanyMember" xlink:to="cto_IntegraLandCompanyMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IntegraLandCompanyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Integra Land Company [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IntegraLandCompanyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Integra Land Company [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedCostOfImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated cost for improvements</label>
    <label xml:lang="en-US" xlink:label="cto_EstimatedCostOfImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Estimated Cost Of Improvements</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfActualCostForReimbursementOfImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of cost paid</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageOfActualCostForReimbursementOfImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Actual Cost For Reimbursement Of Improvement Cost</label>
    <label xml:lang="en-US" xlink:label="cto_ActualImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Actual cost paid for the next five years</label>
    <label xml:lang="en-US" xlink:label="cto_ActualImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Actual Improvement Cost</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash deposited related to improvements</label>
    <label xml:lang="en-US" xlink:label="cto_ReimbursementPeriodOfLandImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursement period of land improvement cost</label>
    <label xml:lang="en-US" xlink:label="cto_ReimbursementPeriodOfLandImprovementCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reimbursement Period Of Land Improvement Cost</label>
    <label xml:lang="en-US" xlink:label="cto_CapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining commitment</label>
    <label xml:lang="en-US" xlink:label="cto_CapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Capital Expenditure Commitments</label>
    <label xml:lang="en-US" xlink:label="us-gaap_IncentiveFromLessor_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Tenant improvements credited at closing balance</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TenantImprovements" xlink:type="locator" xlink:label="us-gaap_TenantImprovements" />
    <label xml:lang="en-US" xlink:label="us-gaap_TenantImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tenant improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TenantImprovements" xlink:to="us-gaap_TenantImprovements_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_TenantImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tenant Improvements</label>
    <label xml:lang="en-US" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Lease commitments</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConstructionAndDevelopmentCosts" xlink:type="locator" xlink:label="us-gaap_ConstructionAndDevelopmentCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConstructionAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction costs incurred</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionAndDevelopmentCosts" xlink:to="us-gaap_ConstructionAndDevelopmentCosts_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ConstructionAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction And Development Costs</label>
    <loc xlink:href="cto-20151231.xsd#cto_ReimbursementOfCapitalExpenditureCommitments" xlink:type="locator" xlink:label="cto_ReimbursementOfCapitalExpenditureCommitments" />
    <label xml:lang="en-US" xlink:label="cto_ReimbursementOfCapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reimbursement Of Capital Expenditure Commitments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReimbursementOfCapitalExpenditureCommitments" xlink:to="cto_ReimbursementOfCapitalExpenditureCommitments_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ReimbursementOfCapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursement of Capital Expenditure Commitments</label>
    <label xml:lang="en-US" xlink:label="cto_ReimbursementOfCapitalExpenditureCommitments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reimbursement Of Capital Expenditure Commitments</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfRealEstateBuyers" xlink:type="locator" xlink:label="cto_NumberOfRealEstateBuyers" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstateBuyers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate buyers.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfRealEstateBuyers" xlink:to="cto_NumberOfRealEstateBuyers_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_PercentageAreaOfRealEstateProperty" xlink:type="locator" xlink:label="cto_PercentageAreaOfRealEstateProperty" />
    <label xml:lang="en-US" xlink:label="cto_PercentageAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage area of real estate property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PercentageAreaOfRealEstateProperty" xlink:to="cto_PercentageAreaOfRealEstateProperty_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AnticipatedProceedsFromSaleOfRealEstate" xlink:type="locator" xlink:label="cto_AnticipatedProceedsFromSaleOfRealEstate" />
    <label xml:lang="en-US" xlink:label="cto_AnticipatedProceedsFromSaleOfRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Anticipated proceeds from sale of real estate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AnticipatedProceedsFromSaleOfRealEstate" xlink:to="cto_AnticipatedProceedsFromSaleOfRealEstate_lbl" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstateBuyers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of buyers</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfRealEstateBuyers_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Buyers</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage area of real estate property</label>
    <label xml:lang="en-US" xlink:label="cto_PercentageAreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Area Of Real Estate Property</label>
    <label xml:lang="en-US" xlink:label="cto_AnticipatedProceedsFromSaleOfRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Anticipated sale proceeds</label>
    <label xml:lang="en-US" xlink:label="cto_AnticipatedProceedsFromSaleOfRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Anticipated Proceeds From Sale Of Real Estate</label>
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts" xlink:type="locator" xlink:label="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of units in real estate property definitive sales contracts.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts" xlink:to="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplyCommitmentMember" xlink:type="locator" xlink:label="us-gaap_SupplyCommitmentMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Definitive Sales Contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplyCommitmentMember" xlink:to="us-gaap_SupplyCommitmentMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SupplyCommitmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Supply Commitment [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MintoCommunitiesMember" xlink:type="locator" xlink:label="cto_MintoCommunitiesMember" />
    <label xml:lang="en-US" xlink:label="cto_MintoCommunitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Minto Communities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MintoCommunitiesMember" xlink:to="cto_MintoCommunitiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MintoCommunitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minto Communities [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MintoCommunitiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minto Communities [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of units planned on definitive sales contracts</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfUnitsInRealEstatePropertyDefinitiveSalesContracts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Units In Real Estate Property Definitive Sales Contracts</label>
    <label xml:lang="en-US" xlink:label="us-gaap_SalesOfRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Revenue from sales of real estate property</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:type="locator" xlink:label="us-gaap_RegulatoryAssetAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_RegulatoryAssetAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory Asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RegulatoryAssetAxis" xlink:to="us-gaap_RegulatoryAssetAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RegulatoryAssetAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Regulatory Asset [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:type="locator" xlink:label="us-gaap_RegulatoryAssetDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_RegulatoryAssetDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory Asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RegulatoryAssetDomain" xlink:to="us-gaap_RegulatoryAssetDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RegulatoryAssetDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Regulatory Asset [Domain]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EnvironmentalRestorationCostsMember" xlink:type="locator" xlink:label="us-gaap_EnvironmentalRestorationCostsMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_EnvironmentalRestorationCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Environmental Restoration Costs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EnvironmentalRestorationCostsMember" xlink:to="us-gaap_EnvironmentalRestorationCostsMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EnvironmentalRestorationCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Environmental Restoration Costs [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainContingenciesByNatureAxis" xlink:type="locator" xlink:label="us-gaap_GainContingenciesByNatureAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainContingenciesByNatureAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain Contingencies By Nature</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainContingenciesByNatureAxis" xlink:to="us-gaap_GainContingenciesByNatureAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainContingenciesByNatureAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Contingencies By Nature [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainContingencyNatureDomain" xlink:type="locator" xlink:label="us-gaap_GainContingencyNatureDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainContingencyNatureDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain Contingency Nature</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainContingencyNatureDomain" xlink:to="us-gaap_GainContingencyNatureDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_GainContingencyNatureDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gain Contingency Nature [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MitigationCostsMember" xlink:type="locator" xlink:label="cto_MitigationCostsMember" />
    <label xml:lang="en-US" xlink:label="cto_MitigationCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mitigation Costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MitigationCostsMember" xlink:to="cto_MitigationCostsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MitigationCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mitigation Activities [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MitigationCostsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mitigation Costs [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExaminationPenaltiesExpense" xlink:type="locator" xlink:label="us-gaap_IncomeTaxExaminationPenaltiesExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationPenaltiesExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued Penalties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExaminationPenaltiesExpense" xlink:to="us-gaap_IncomeTaxExaminationPenaltiesExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExaminationPenaltiesExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Examination Penalties Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted" xlink:type="locator" xlink:label="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted" />
    <label xml:lang="en-US" xlink:label="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated cost of construction, current year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted" xlink:to="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SignificantSupplyCommitmentRemainingMinimumAmountCommitted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Significant Supply Commitment Remaining Minimum Amount Committed</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateImprovements" xlink:type="locator" xlink:label="us-gaap_RealEstateImprovements" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost of infrastructure improvements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateImprovements" xlink:to="us-gaap_RealEstateImprovements_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Improvements</label>
    <loc xlink:href="cto-20151231.xsd#cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset" xlink:type="locator" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset" />
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Segment reporting income property operation percent of identifiable asset.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset" xlink:to="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue" xlink:type="locator" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue" />
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Segment reporting income property operation percent of consolidated revenue.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue" xlink:to="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty" xlink:type="locator" xlink:label="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of mortgage loan investment collateralized by property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty" xlink:to="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_NumberOfCommercialLoanInvestments" xlink:type="locator" xlink:label="cto_NumberOfCommercialLoanInvestments" />
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialLoanInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of commercial loan investments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_NumberOfCommercialLoanInvestments" xlink:to="cto_NumberOfCommercialLoanInvestments_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_GolfOperationDescription" xlink:type="locator" xlink:label="cto_GolfOperationDescription" />
    <label xml:lang="en-US" xlink:label="cto_GolfOperationDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Golf operation description.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GolfOperationDescription" xlink:to="cto_GolfOperationDescription_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Segment Reporting Information By Segment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Segment Reporting Information By Segment [Table]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MezzanineLoanMember" xlink:type="locator" xlink:label="cto_MezzanineLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Glenn Hotel in Atlanta - Mezz Loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MezzanineLoanMember" xlink:to="cto_MezzanineLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MezzanineLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Loan [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:type="locator" xlink:label="us-gaap_SegmentReportingInformationLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting Information [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Information [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:type="locator" xlink:label="us-gaap_NumberOfOperatingSegments" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfOperatingSegments" xlink:to="us-gaap_NumberOfOperatingSegments_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Operating Segments</label>
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income property operation percent of identifiable asset</label>
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Income Property Operation Percent Of Identifiable Asset</label>
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income property operation percent of consolidated revenue</label>
    <label xml:lang="en-US" xlink:label="cto_SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Income Property Operation Percent Of Consolidated Revenue</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of fixed-rate commercial mortgage loan investment</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfMortgageLoanInvestmentCollateralizedByProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Mortgage Loan Investment Collateralized By Property</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialLoanInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of commercial loan investments</label>
    <label xml:lang="en-US" xlink:label="cto_NumberOfCommercialLoanInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Commercial Loan Investments</label>
    <label xml:lang="en-US" xlink:label="cto_GolfOperationDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golf operation description</label>
    <label xml:lang="en-US" xlink:label="cto_GolfOperationDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Golf Operation Description</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:type="locator" xlink:label="us-gaap_StatementBusinessSegmentsAxis" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement Business Segments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Business Segments [Axis]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SegmentDomain" xlink:type="locator" xlink:label="us-gaap_SegmentDomain" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment [Domain]</label>
    <loc xlink:href="cto-20151231.xsd#cto_IncomePropertiesMember" xlink:type="locator" xlink:label="cto_IncomePropertiesMember" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Income Properties Segment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_IncomePropertiesMember" xlink:to="cto_IncomePropertiesMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Properties [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_IncomePropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Properties [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CommercialLoanInvestmentsSegmentsMember" xlink:type="locator" xlink:label="cto_CommercialLoanInvestmentsSegmentsMember" />
    <label xml:lang="en-US" xlink:label="cto_CommercialLoanInvestmentsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial loan investments segments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CommercialLoanInvestmentsSegmentsMember" xlink:to="cto_CommercialLoanInvestmentsSegmentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CommercialLoanInvestmentsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Loan Investments [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CommercialLoanInvestmentsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Loan Investments Segments [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateOperationsSegmentsMember" xlink:type="locator" xlink:label="cto_RealEstateOperationsSegmentsMember" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate operations segments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateOperationsSegmentsMember" xlink:to="cto_RealEstateOperationsSegmentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate Operations [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateOperationsSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Operations Segments [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_GolfMember" xlink:type="locator" xlink:label="cto_GolfMember" />
    <label xml:lang="en-US" xlink:label="cto_GolfMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Golf Segment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_GolfMember" xlink:to="cto_GolfMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_GolfMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golf Operations [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_GolfMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Golf [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_AgricultureAndOtherSegmentsMember" xlink:type="locator" xlink:label="cto_AgricultureAndOtherSegmentsMember" />
    <label xml:lang="en-US" xlink:label="cto_AgricultureAndOtherSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Agriculture and other segments.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AgricultureAndOtherSegmentsMember" xlink:to="cto_AgricultureAndOtherSegmentsMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AgricultureAndOtherSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Agriculture and Other Income [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AgricultureAndOtherSegmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Agriculture And Other Segments [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:type="locator" xlink:label="us-gaap_CorporateAndOtherMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateAndOtherMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General and Corporate Expense [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateAndOtherMember" xlink:to="us-gaap_CorporateAndOtherMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CorporateAndOtherMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corporate And Other [Member]</label>
    <label xml:lang="en-US" xlink:label="us-gaap_InterestAndFeeIncomeLoansCommercial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commercial Loan Investments</label>
    <label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Income (Loss)</label>
    <label xml:lang="en-US" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and Amortization</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Expenditures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireProductiveAssets" xlink:to="us-gaap_PaymentsToAcquireProductiveAssets_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Productive Assets</label>
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Real Estate Operations (Contributed by Consolidated VIE)</label>
    <label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Identifiable Assets</label>
    <loc xlink:href="cto-20151231.xsd#cto_VariableInterestEntityPreferredInterestPercentage" xlink:type="locator" xlink:label="cto_VariableInterestEntityPreferredInterestPercentage" />
    <label xml:lang="en-US" xlink:label="cto_VariableInterestEntityPreferredInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Variable interest entity preferred interest percentage.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_VariableInterestEntityPreferredInterestPercentage" xlink:to="cto_VariableInterestEntityPreferredInterestPercentage_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Variable Interest Entities [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:to="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Variable Interest Entities [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:type="locator" xlink:label="us-gaap_VariableInterestEntityLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Interest Entity [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityLineItems" xlink:to="us-gaap_VariableInterestEntityLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity [Line Items]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:type="locator" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage acquired in real estate venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minority Interest Ownership Percentage By Parent</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash paid to acquire real estate venture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures" xlink:to="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Real Estate And Real Estate Joint Ventures</label>
    <label xml:lang="en-US" xlink:label="cto_VariableInterestEntityPreferredInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred interest rate</label>
    <label xml:lang="en-US" xlink:label="cto_VariableInterestEntityPreferredInterestPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity Preferred Interest Percentage</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsOfRealEstateServicesAndLandSales" xlink:type="locator" xlink:label="us-gaap_CostsOfRealEstateServicesAndLandSales" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsOfRealEstateServicesAndLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate operations with management fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsOfRealEstateServicesAndLandSales" xlink:to="us-gaap_CostsOfRealEstateServicesAndLandSales_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_CostsOfRealEstateServicesAndLandSales_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs Of Real Estate Services And Land Sales</label>
    <loc xlink:href="cto-20151231.xsd#cto_AreaOfProperty" xlink:type="locator" xlink:label="cto_AreaOfProperty" />
    <label xml:lang="en-US" xlink:label="cto_AreaOfProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Area of property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AreaOfProperty" xlink:to="cto_AreaOfProperty_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventTable" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Table]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:type="locator" xlink:label="us-gaap_SubsequentEventLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Area of office building acquired</label>
    <label xml:lang="en-US" xlink:label="cto_AreaOfProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Property</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:type="locator" xlink:label="us-gaap_RealEstateGrossAtCarryingValue" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition price of real state property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Gross At Carrying Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialDataAbstract" xlink:type="locator" xlink:label="us-gaap_QuarterlyFinancialDataAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_QuarterlyFinancialDataAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Quarterly Financial Data [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QuarterlyFinancialDataAbstract" xlink:to="us-gaap_QuarterlyFinancialDataAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Per Share Information:</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Income (Loss) Attributable to Consolidated-Tomoka Land Co.</label>
    <label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Income (Loss) Attributable to Consolidated-Tomoka Land Co.</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_AmericanSignatureFurnitureDaytonaBeachFlMember" xlink:type="locator" xlink:label="cto_AmericanSignatureFurnitureDaytonaBeachFlMember" />
    <label xml:lang="en-US" xlink:label="cto_AmericanSignatureFurnitureDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">American Signature Furniture Daytona Beach Fl [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_AmericanSignatureFurnitureDaytonaBeachFlMember" xlink:to="cto_AmericanSignatureFurnitureDaytonaBeachFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_AmericanSignatureFurnitureDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">American Signature Furniture, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_AmericanSignatureFurnitureDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">American Signature Furniture Daytona Beach Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaGardenGroveCaMember" xlink:type="locator" xlink:label="cto_BankOfAmericaGardenGroveCaMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaGardenGroveCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America, Garden Grove, CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaGardenGroveCaMember" xlink:to="cto_BankOfAmericaGardenGroveCaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaGardenGroveCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Garden Grove, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaGardenGroveCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Garden Grove Ca [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaLaHabraCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaLaHabraCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLaHabraCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America la Habra CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaLaHabraCAMember" xlink:to="cto_BankOfAmericaLaHabraCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLaHabraCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, La Habra, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLaHabraCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America La Habra C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaLagunaCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaLagunaCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLagunaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Laguna CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaLagunaCAMember" xlink:to="cto_BankOfAmericaLagunaCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLagunaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Laguna, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLagunaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Laguna C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaLosAlamitosCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaLosAlamitosCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLosAlamitosCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Los Alamitos CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaLosAlamitosCAMember" xlink:to="cto_BankOfAmericaLosAlamitosCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLosAlamitosCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Los Alamitos, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaLosAlamitosCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Los Alamitos C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaPuertaRealMissionViejoCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaPuertaRealMissionViejoCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaPuertaRealMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Puerta real mission Viejo CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaPuertaRealMissionViejoCAMember" xlink:to="cto_BankOfAmericaPuertaRealMissionViejoCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaPuertaRealMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Puerta Real Mission Viejo, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaPuertaRealMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Puerta Real Mission Viejo C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaTrabucoMissionViejoCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaTrabucoMissionViejoCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaTrabucoMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Trabuco mission Viejo CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaTrabucoMissionViejoCAMember" xlink:to="cto_BankOfAmericaTrabucoMissionViejoCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaTrabucoMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Trabuco Mission Viejo, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaTrabucoMissionViejoCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Trabuco Mission Viejo C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaWalnutCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaWalnutCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWalnutCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Walnut CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaWalnutCAMember" xlink:to="cto_BankOfAmericaWalnutCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWalnutCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Walnut, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWalnutCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Walnut C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaWestminsterCaMember" xlink:type="locator" xlink:label="cto_BankOfAmericaWestminsterCaMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWestminsterCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America, Westminster, CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaWestminsterCaMember" xlink:to="cto_BankOfAmericaWestminsterCaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWestminsterCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Westminster, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaWestminsterCaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Westminster Ca [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BankOfAmericaYorbaLindaCAMember" xlink:type="locator" xlink:label="cto_BankOfAmericaYorbaLindaCAMember" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaYorbaLindaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank of America Yorba Linda CA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BankOfAmericaYorbaLindaCAMember" xlink:to="cto_BankOfAmericaYorbaLindaCAMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaYorbaLindaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank of America, Yorba Linda, CA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BankOfAmericaYorbaLindaCAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Of America Yorba Linda C A [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BarnesAndNobleDaytonaBeachFlMember" xlink:type="locator" xlink:label="cto_BarnesAndNobleDaytonaBeachFlMember" />
    <label xml:lang="en-US" xlink:label="cto_BarnesAndNobleDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Barnes And Noble Daytona Beach FL [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BarnesAndNobleDaytonaBeachFlMember" xlink:to="cto_BarnesAndNobleDaytonaBeachFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BarnesAndNobleDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Barnes &amp; Noble, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BarnesAndNobleDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Barnes And Noble Daytona Beach Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BestBuyMcdonoughGaMember" xlink:type="locator" xlink:label="cto_BestBuyMcdonoughGaMember" />
    <label xml:lang="en-US" xlink:label="cto_BestBuyMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Best Buy, McDonough, GA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BestBuyMcdonoughGaMember" xlink:to="cto_BestBuyMcdonoughGaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BestBuyMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Best Buy, McDonough, GA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BestBuyMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Best Buy Mcdonough Ga [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BigLotsGermantownMDMember" xlink:type="locator" xlink:label="cto_BigLotsGermantownMDMember" />
    <label xml:lang="en-US" xlink:label="cto_BigLotsGermantownMDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Big lots Germantown MD.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BigLotsGermantownMDMember" xlink:to="cto_BigLotsGermantownMDMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BigLotsGermantownMDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Big Lots, Germantown, MD [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BigLotsGermantownMDMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Big Lots Germantown M D [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BigLotsPhoenixAZMember" xlink:type="locator" xlink:label="cto_BigLotsPhoenixAZMember" />
    <label xml:lang="en-US" xlink:label="cto_BigLotsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Big Lots Phoenix AZ.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BigLotsPhoenixAZMember" xlink:to="cto_BigLotsPhoenixAZMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BigLotsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Big Lots, Phoenix, AZ [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BigLotsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Big Lots Phoenix A Z [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_BuffaloWildWingsPhoenixAZMember" xlink:type="locator" xlink:label="cto_BuffaloWildWingsPhoenixAZMember" />
    <label xml:lang="en-US" xlink:label="cto_BuffaloWildWingsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Buffalo Wild Wings, Phoenix, AZ.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_BuffaloWildWingsPhoenixAZMember" xlink:to="cto_BuffaloWildWingsPhoenixAZMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_BuffaloWildWingsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buffalo Wild Wings, Phoenix, AZ [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_BuffaloWildWingsPhoenixAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Buffalo Wild Wings Phoenix A Z [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ContainerStoreGlendaleAZMember" xlink:type="locator" xlink:label="cto_ContainerStoreGlendaleAZMember" />
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreGlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Container Store, Glendale, AZ.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ContainerStoreGlendaleAZMember" xlink:to="cto_ContainerStoreGlendaleAZMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreGlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Container Store, Glendale, AZ [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ContainerStoreGlendaleAZMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Container Store Glendale A Z [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CVSSebringFLMember" xlink:type="locator" xlink:label="cto_CVSSebringFLMember" />
    <label xml:lang="en-US" xlink:label="cto_CVSSebringFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">CVS, Sebring, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CVSSebringFLMember" xlink:to="cto_CVSSebringFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CVSSebringFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CVS, Sebring, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CVSSebringFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">C V S Sebring F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CVSTallahasseeFLMember" xlink:type="locator" xlink:label="cto_CVSTallahasseeFLMember" />
    <label xml:lang="en-US" xlink:label="cto_CVSTallahasseeFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">CVS, Tallahassee, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CVSTallahasseeFLMember" xlink:to="cto_CVSTallahasseeFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CVSTallahasseeFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CVS, Tallahassee, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_CVSTallahasseeFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">C V S Tallahassee F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_DicksSportingGoodsMcdonoughGaMember" xlink:type="locator" xlink:label="cto_DicksSportingGoodsMcdonoughGaMember" />
    <label xml:lang="en-US" xlink:label="cto_DicksSportingGoodsMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Dick&apos;s Sporting Goods, McDonough, GA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_DicksSportingGoodsMcdonoughGaMember" xlink:to="cto_DicksSportingGoodsMcdonoughGaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_DicksSportingGoodsMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dick&apos;s Sporting Goods, McDonough, GA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_DicksSportingGoodsMcdonoughGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dicks Sporting Goods Mcdonough Ga [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HarrisTeeterSupermarketCharlotteNCMember" xlink:type="locator" xlink:label="cto_HarrisTeeterSupermarketCharlotteNCMember" />
    <label xml:lang="en-US" xlink:label="cto_HarrisTeeterSupermarketCharlotteNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Harris Teeter Supermarket, Charlotte, NC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HarrisTeeterSupermarketCharlotteNCMember" xlink:to="cto_HarrisTeeterSupermarketCharlotteNCMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HarrisTeeterSupermarketCharlotteNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Harris Teeter Supermarket, Charlotte, NC [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HarrisTeeterSupermarketCharlotteNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Harris Teeter Supermarket Charlotte N C [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HiltonResortsCorporationOfficeOrlandoFlOneMember" xlink:type="locator" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Hilton resorts corporation office Orlando fl one.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember" xlink:to="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hilton Resorts Corporation (Office), Orlando, FL One [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hilton Resorts Corporation Office Orlando Fl One [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember" xlink:type="locator" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Hilton resorts corporation office Orlando fl two.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember" xlink:to="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hilton Resorts Corporation (Office), Orlando, FL Two [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_HiltonResortsCorporationOfficeOrlandoFlTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hilton Resorts Corporation Office Orlando Fl Two [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_JpMorganChaseBankChicagoIlMember" xlink:type="locator" xlink:label="cto_JpMorganChaseBankChicagoIlMember" />
    <label xml:lang="en-US" xlink:label="cto_JpMorganChaseBankChicagoIlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">JPMorgan Chase Bank, Chicago, IL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_JpMorganChaseBankChicagoIlMember" xlink:to="cto_JpMorganChaseBankChicagoIlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_JpMorganChaseBankChicagoIlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">JP Morgan Chase Bank, Chicago, IL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_JpMorganChaseBankChicagoIlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Jp Morgan Chase Bank Chicago Il [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LowesCorporationKatyTXMember" xlink:type="locator" xlink:label="cto_LowesCorporationKatyTXMember" />
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationKatyTXMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lowes Corporation Katy TX [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LowesCorporationKatyTXMember" xlink:to="cto_LowesCorporationKatyTXMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationKatyTXMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lowe&apos;s, Katy, TX [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationKatyTXMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lowes Corporation Katy T X [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_LowesCorporationLexingtonNCMember" xlink:type="locator" xlink:label="cto_LowesCorporationLexingtonNCMember" />
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationLexingtonNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lowes corporation Lexington NC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_LowesCorporationLexingtonNCMember" xlink:to="cto_LowesCorporationLexingtonNCMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationLexingtonNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lowe&apos;s, Lexington, NC [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_LowesCorporationLexingtonNCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lowes Corporation Lexington N C [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_PNCBankAltamonteSpringsFlMember" xlink:type="locator" xlink:label="cto_PNCBankAltamonteSpringsFlMember" />
    <label xml:lang="en-US" xlink:label="cto_PNCBankAltamonteSpringsFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">PNC Bank Altamonte Springs FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_PNCBankAltamonteSpringsFlMember" xlink:to="cto_PNCBankAltamonteSpringsFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_PNCBankAltamonteSpringsFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">PNC Bank, Altamonte Springs, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_PNCBankAltamonteSpringsFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">P N C Bank Altamonte Springs Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RiteAidRentonWaMember" xlink:type="locator" xlink:label="cto_RiteAidRentonWaMember" />
    <label xml:lang="en-US" xlink:label="cto_RiteAidRentonWaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Rite aid renton wa.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RiteAidRentonWaMember" xlink:to="cto_RiteAidRentonWaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RiteAidRentonWaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rite Aid, Renton, WA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RiteAidRentonWaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Rite Aid Renton Wa [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_RiversideJacksonvilleFlMember" xlink:type="locator" xlink:label="cto_RiversideJacksonvilleFlMember" />
    <label xml:lang="en-US" xlink:label="cto_RiversideJacksonvilleFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Riverside, Jacksonville, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RiversideJacksonvilleFlMember" xlink:to="cto_RiversideJacksonvilleFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RiversideJacksonvilleFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Riverside, Jacksonville, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_RiversideJacksonvilleFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Riverside Jacksonville Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_TheGroveAtWinterParkWinterParkFlMember" xlink:type="locator" xlink:label="cto_TheGroveAtWinterParkWinterParkFlMember" />
    <label xml:lang="en-US" xlink:label="cto_TheGroveAtWinterParkWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The Grove At Winter Park Winter Park Fl [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_TheGroveAtWinterParkWinterParkFlMember" xlink:to="cto_TheGroveAtWinterParkWinterParkFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_TheGroveAtWinterParkWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Grove at Winter Park, Winter Park, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_TheGroveAtWinterParkWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Grove At Winter Park Winter Park Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WalgreensAlpharettaGaMember" xlink:type="locator" xlink:label="cto_WalgreensAlpharettaGaMember" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensAlpharettaGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Walgreens, Alpharetta, GA.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WalgreensAlpharettaGaMember" xlink:to="cto_WalgreensAlpharettaGaMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensAlpharettaGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Walgreens, Alpharetta, GA [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WalgreensAlpharettaGaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Walgreens Alpharetta Ga [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WalgreensBoulderCoMember" xlink:type="locator" xlink:label="cto_WalgreensBoulderCoMember" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensBoulderCoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Walgreens, Boulder, CO.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WalgreensBoulderCoMember" xlink:to="cto_WalgreensBoulderCoMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensBoulderCoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Walgreens, Boulder, CO [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WalgreensBoulderCoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Walgreens Boulder Co [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WalgreensClermontFlMember" xlink:type="locator" xlink:label="cto_WalgreensClermontFlMember" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensClermontFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Walgreens, Clermont, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WalgreensClermontFlMember" xlink:to="cto_WalgreensClermontFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensClermontFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Walgreens, Clermont, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WalgreensClermontFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Walgreens Clermont Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WalgreensPalmBayFlMember" xlink:type="locator" xlink:label="cto_WalgreensPalmBayFlMember" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensPalmBayFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Walgreens, Palm Bay, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WalgreensPalmBayFlMember" xlink:to="cto_WalgreensPalmBayFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WalgreensPalmBayFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Walgreens, Palm Bay, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WalgreensPalmBayFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Walgreens Palm Bay Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WholeFoodsMarketCentreSarasotaFlMember" xlink:type="locator" xlink:label="cto_WholeFoodsMarketCentreSarasotaFlMember" />
    <label xml:lang="en-US" xlink:label="cto_WholeFoodsMarketCentreSarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Whole Foods Market Centre Sarasota Fl [Member]</label>
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    <label xml:lang="en-US" xlink:label="cto_WholeFoodsMarketCentreSarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Whole Foods Market Centre, Sarasota, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WholeFoodsMarketCentreSarasotaFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Whole Foods Market Centre Sarasota Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember" xlink:type="locator" xlink:label="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember" />
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mason Commerce Center Building One Daytona Beach FL [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember" xlink:to="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mason Commerce Center-Bldg. 1, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingOneDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mason Commerce Center Building One Daytona Beach F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember" xlink:type="locator" xlink:label="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember" />
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mason Commerce Center Building Two Daytona Beach FL [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember" xlink:to="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mason Commerce Center-Bldg. 2, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MasonCommerceCenterBuildingTwoDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mason Commerce Center Building Two Daytona Beach F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember" xlink:type="locator" xlink:label="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Williamson business park building three, Daytona beach, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember" xlink:to="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Williamson Business Park-Bldg 3, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingThreeDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Williamson Business Park Building Three Daytona Beach F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember" xlink:type="locator" xlink:label="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Williamson business park building four, Daytona beach, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember" xlink:to="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Williamson Business Park-Bldg 4, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_WilliamsonBusinessParkBuildingFourDaytonaBeachFLMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Williamson Business Park Building Four Daytona Beach F L [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_ConciergeOfficeBuildingDaytonaBeachFlMember" xlink:type="locator" xlink:label="cto_ConciergeOfficeBuildingDaytonaBeachFlMember" />
    <label xml:lang="en-US" xlink:label="cto_ConciergeOfficeBuildingDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Concierge Office Building, Daytona Beach, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ConciergeOfficeBuildingDaytonaBeachFlMember" xlink:to="cto_ConciergeOfficeBuildingDaytonaBeachFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_ConciergeOfficeBuildingDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concierge Office Building, Daytona Beach, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_ConciergeOfficeBuildingDaytonaBeachFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concierge Office Building Daytona Beach Fl [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_VacantPadSiteWinterParkFlMember" xlink:type="locator" xlink:label="cto_VacantPadSiteWinterParkFlMember" />
    <label xml:lang="en-US" xlink:label="cto_VacantPadSiteWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Vacant pad site, Winter park, FL.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_VacantPadSiteWinterParkFlMember" xlink:to="cto_VacantPadSiteWinterParkFlMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_VacantPadSiteWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vacant Pad Site, Winter Park, FL [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_VacantPadSiteWinterParkFlMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vacant Pad Site Winter Park Fl [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateMember" xlink:type="locator" xlink:label="us-gaap_RealEstateMember" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateMember" xlink:to="us-gaap_RealEstateMember_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:type="locator" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Carrying Amount Of Real Estate Investments Roll Forward</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:type="locator" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Depreciation:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reconciliation Of Real Estate Accumulated Depreciation Roll Forward</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:type="locator" xlink:label="us-gaap_RealEstateAccumulatedDepreciation" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Depreciation, Balance at Beginning of Year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Accumulated Depreciation</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:type="locator" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" />
    <label xml:lang="en-US" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and Amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:to="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">S E C Schedule I I I Real Estate Accumulated Depreciation Depreciation Expense</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:type="locator" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Depreciation on Real Estate Sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:to="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Accumulated Depreciation Real Estate Sold</label>
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Depreciation, Balance at End of Year</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Encumbrances</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Amount Of Encumbrances</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Initial Cost Of Land</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Building &amp; Improvements</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Improvements</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Carrying Costs</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs</label>
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateAndAccumulatedDepreciationCostOfLand" xlink:type="locator" xlink:label="cto_RealEstateAndAccumulatedDepreciationCostOfLand" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateAndAccumulatedDepreciationCostOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate and accumulated depreciation cost of land.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateAndAccumulatedDepreciationCostOfLand" xlink:to="cto_RealEstateAndAccumulatedDepreciationCostOfLand_lbl" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateAndAccumulatedDepreciationCostOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateAndAccumulatedDepreciationCostOfLand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Cost Of Land</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements</label>
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDateOfConstruction1" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDateOfConstruction1" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDateOfConstruction1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDateOfConstruction1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Date Of Construction1</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDateAcquired1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Date Acquired1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Life</label>
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    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Life Used For Depreciation1</label>
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateAdditionsAndImprovements" xlink:type="locator" xlink:label="cto_RealEstateAdditionsAndImprovements" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdditionsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate additions and improvements.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateAdditionsAndImprovements" xlink:to="cto_RealEstateAdditionsAndImprovements_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateAdjustmentForFairValue" xlink:type="locator" xlink:label="cto_RealEstateAdjustmentForFairValue" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdjustmentForFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate adjustment for fair value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateAdjustmentForFairValue" xlink:to="cto_RealEstateAdjustmentForFairValue_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReclassificationToLandAndDevelopmentCosts" xlink:type="locator" xlink:label="cto_ReclassificationToLandAndDevelopmentCosts" />
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reclassification to land and development costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReclassificationToLandAndDevelopmentCosts" xlink:to="cto_ReclassificationToLandAndDevelopmentCosts_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation" xlink:type="locator" xlink:label="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation" />
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Reclassification to land and development costs accumulated depreciation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation" xlink:to="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at Beginning of Year</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdditionsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions and Improvements</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdditionsAndImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Additions And Improvements</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdjustmentForFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Adjust to Fair Value</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateAdjustmentForFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Adjustment For Fair Value</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold" xlink:type="locator" xlink:label="us-gaap_RealEstateCostOfRealEstateSold" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateCostOfRealEstateSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Cost of Real Estate Sold</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateCostOfRealEstateSold" xlink:to="us-gaap_RealEstateCostOfRealEstateSold_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateCostOfRealEstateSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Cost Of Real Estate Sold</label>
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Reclassification to Land and Development Costs</label>
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification To Land And Development Costs</label>
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at End of Year</label>
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Reclassification to Land and Development Costs</label>
    <label xml:lang="en-US" xlink:label="cto_ReclassificationToLandAndDevelopmentCostsAccumulatedDepreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification To Land And Development Costs Accumulated Depreciation</label>
    <loc xlink:href="cto-20151231.xsd#cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties" xlink:type="locator" xlink:label="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties" />
    <label xml:lang="en-US" xlink:label="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate land timber subsurface interests and income properties.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties" xlink:to="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:type="locator" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reconciliation to Consolidated Balance Sheet at December 31, 2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements [Abstract]</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land Timber Subsurface Interests and Income Properties</label>
    <label xml:lang="en-US" xlink:label="cto_RealEstateLandTimberSubsurfaceInterestsAndIncomeProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Land Timber Subsurface Interests And Income Properties</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateHeldforsale" xlink:type="locator" xlink:label="us-gaap_RealEstateHeldforsale" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost Basis of Assets Classified as Held for Sale on Balance Sheet</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldforsale" xlink:to="us-gaap_RealEstateHeldforsale_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Heldforsale</label>
    <loc xlink:href="cto-20151231.xsd#cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis" xlink:type="locator" xlink:label="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis" />
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage Loans On Real Estate Interest Rate Description Of Variable Rate Basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis" xlink:to="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis_lbl" />
    <loc xlink:href="cto-20151231.xsd#cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth" xlink:type="locator" xlink:label="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth" />
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage Loans on Real Estate Final Maturity Year And Month</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth" xlink:to="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateAbstract" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateAbstract" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateAbstract" xlink:to="us-gaap_MortgageLoansOnRealEstateAbstract_lbl" />
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateScheduleTable" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateScheduleTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans On Real Estate Schedule [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:to="us-gaap_MortgageLoansOnRealEstateScheduleTable_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateScheduleTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Schedule [Table]</label>
    <loc xlink:href="cto-20151231.xsd#cto_MezzanineMortgageLoansMember" xlink:type="locator" xlink:label="cto_MezzanineMortgageLoansMember" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineMortgageLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine mortgage loans.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_MezzanineMortgageLoansMember" xlink:to="cto_MezzanineMortgageLoansMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_MezzanineMortgageLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Mortgage Loans [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_MezzanineMortgageLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Mortgage Loans [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_JuniorMortgageLoanMember" xlink:type="locator" xlink:label="cto_JuniorMortgageLoanMember" />
    <label xml:lang="en-US" xlink:label="cto_JuniorMortgageLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Junior mortgage loan.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_JuniorMortgageLoanMember" xlink:to="cto_JuniorMortgageLoanMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_JuniorMortgageLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Junior Mortgage Loan [Member]</label>
    <label xml:lang="en-US" xlink:label="cto_JuniorMortgageLoanMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Junior Mortgage Loan [Member]</label>
    <loc xlink:href="cto-20151231.xsd#cto_CommercialRealEstatePropertyMember" xlink:type="locator" xlink:label="cto_CommercialRealEstatePropertyMember" />
    <label xml:lang="en-US" xlink:label="cto_CommercialRealEstatePropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial Real Estate Property.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cto_CommercialRealEstatePropertyMember" xlink:to="cto_CommercialRealEstatePropertyMember_lbl" />
    <label xml:lang="en-US" xlink:label="cto_CommercialRealEstatePropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Real Estate Property</label>
    <label xml:lang="en-US" xlink:label="cto_CommercialRealEstatePropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Real Estate Property [Member]</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateLineItems" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateLineItems" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Loans on Real Estate [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateLineItems" xlink:to="us-gaap_MortgageLoansOnRealEstateLineItems_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate [Line Items]</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Description</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateInterestRateDescriptionOfVariableRateBasis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Interest Rate Description Of Variable Rate Basis</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:to="us-gaap_MortgageLoansOnRealEstateInterestRate_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Interest Rate</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Final Maturity Date</label>
    <label xml:lang="en-US" xlink:label="cto_MortgageLoansOnRealEstateFinalMaturityYearAndMonth_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Final Maturity Year And Month</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Periodic Payment Terms</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:to="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Periodic Payment Terms</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePriorLiens1" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstatePriorLiens1" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePriorLiens1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prior Liens</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePriorLiens1" xlink:to="us-gaap_MortgageLoansOnRealEstatePriorLiens1_lbl" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstatePriorLiens1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Prior Liens1</label>
    <loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" />
    <label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Face Amount of Mortgages</label>
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