Brookfield BPY Form 4 Brookfield Property REIT / Alberta ULC 1706065 ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Brookfield Properties Subco LLC

(Last)

(First)

(Middle)

250 VESEY STREET

(Street)

NEW YORK

10281-1023

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Brookfield Property REIT Inc. [ GGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
Director by deputization ***

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Stock, par value $0.01 per share	08/27/2018		A		124,985,577	A	⁽¹⁰⁾	124,985,577	I	See Footnote⁽¹⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		351,958	A	⁽¹⁰⁾	351,958	I	See Footnote⁽²⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		12,989,228	A	⁽¹⁰⁾	12,989,228	I	See Footnote⁽³⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		24,063,298	A	⁽¹⁰⁾	24,063,298	I	See Footnote⁽⁴⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		53,000,412	A	⁽¹⁰⁾	53,000,412	I	See Footnote⁽⁵⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		6,985,772	A	⁽¹⁰⁾	6,985,772	I	See Footnote⁽⁶⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		70,114,877	A	⁽¹⁰⁾	70,114,877	I	See Footnote⁽⁷⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		28,573,419	A	⁽¹⁰⁾	28,573,419	I	See Footnote⁽⁸⁾⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		2,577,297	A	⁽¹⁰⁾	2,577,297	I	See Footnote⁽⁹⁾⁽¹⁰⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			124,985,577	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	124,985,577	⁽¹⁰⁾	0	I	See Footnote⁽¹⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			351,958	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	351,958	⁽¹⁰⁾	0	I	See Footnote⁽²⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			12,989,228	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	12,989,228	⁽¹⁰⁾	0	I	See Footnote⁽³⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			24,063,298	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	24,063,298	⁽¹⁰⁾	0	I	See Footnote⁽⁴⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			53,000,412	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	53,000,412	⁽¹⁰⁾	0	I	See Footnote⁽⁵⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			6,985,772	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	6,985,772	⁽¹⁰⁾	0	I	See Footnote⁽⁶⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			70,114,877	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	70,114,877	⁽¹⁰⁾	0	I	See Footnote⁽⁷⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			28,573,419	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	28,573,419	⁽¹⁰⁾	0	I	See Footnote⁽⁸⁾⁽¹⁰⁾
Series B Preferred Stock	⁽¹⁰⁾	08/27/2018		D			2,577,297	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	2,577,297	⁽¹⁰⁾	0	I	See Footnote⁽⁹⁾⁽¹⁰⁾

1. Name and Address of Reporting Person^*

Brookfield Properties Subco LLC

(Last)

(First)

(Middle)

250 VESEY STREET

(Street)

NEW YORK

10281-1023

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

BP US REIT LLC

(Last)

(First)

(Middle)

250 VESEY STREET

(Street)

NEW YORK

10281-1023

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Brookfield Holding Ltd Liability Co

(Last)

(First)

(Middle)

BUDAPEST 1074, DOHANY UTCA 12

(Street)

BUDAPEST

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

1706065 Alberta ULC

(Last)

(First)

(Middle)

SUITE 1700

335 8TH AVENUE SW

(Street)

CALGARY

T2P 1C9

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Brookfield BPY Holdings (US) Inc.

(Last)

(First)

(Middle)

181 BAY STREET, SUITE 300

(Street)

TORONTO

M5J 2T3

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

BPY Canada Subholdings 1 ULC

(Last)

(First)

(Middle)

181 BAY STREET

BROOKFIELD PLACE SUITE 300

(Street)

TORONTO

M5J2T3

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Brookfield Property Split Corp.

(Last)

(First)

(Middle)

181 BAY STREET, SUITE 330

(Street)

TORONTO

M5J 2T3

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Brookfield Office Properties Inc

(Last)

(First)

(Middle)

181 BAY STREET, SUITE 330

(Street)

TORONTO

M5J 2T3

(City)

(State)

(Zip)

Explanation of Responses:

1. See Exhibit 99.1; Note 1.

2. See Exhibit 99.1; Note 2.

3. See Exhibit 99.1; Note 3.

4. See Exhibit 99.1; Note 4.

5. See Exhibit 99.1; Note 5.

6. See Exhibit 99.1; Note 6.

7. See Exhibit 99.1; Note 7.

8. See Exhibit 99.1; Note 8.

9. See Exhibit 99.1; Note 9.

10. See Exhibit 99.1; Note 10.

Remarks:

*** Brian Kingston, a Senior Managing Partner of Brookfield Asset Management Inc., a corporation formed under the laws of the Province of Ontario ("BAM"), serves on the board of directors of the Issuer as a representative of BAM and certain of its affiliates, including the Reporting Persons. The Reporting Persons are "directors by deputization" solely for purposes of Section 16 of the Securities Exchange Act of 1934.

	BROOKFIELD PROPERTIES SUBCO LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary	08/29/2018
	BPY CANADA SUBHOLDINGS 1 ULC., /s/ Keith Hyde, President	08/29/2018
	BROOKFIELD PROPERTY SPLIT CORP., /s/ Michelle L. Campbell, Secretary	08/29/2018
	BROOKFIELD OFFICE PROPERTIES INC., /s/ Keith Hyde, Vice President, Taxation	08/29/2018
	1706065 ALBERTA ULC., /s/ Keith Hyde, Vice President, Taxation	08/29/2018
	BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Dr. Laszlo Csontos, Managing Director	08/29/2018
	BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Eamonn John O'Dea, Managing Director	08/29/2018
	BP US REIT LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary	08/29/2018
	BROOKFIELD BPY HOLDINGS INC., /s/ Allen Yi, Assistant Secretary	08/29/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Brookfield BPY Inactive Form 4Brookfield Property REIT / Alberta ULC 1706065 ownership change