Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Brookfield Properties Subco LLC
  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 ***
(Last)
(First)
(Middle)
250 VESEY STREET, 
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2018
(Street)

NEW YORK, NY 10281-1023
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Brookfield Properties Subco LLC
250 VESEY STREET
NEW YORK, NY 10281-1023
  X   X   Director by deputization ***
BP US REIT LLC
250 VESEY STREET
NEW YORK, NY 10281-1023
  X   X   Director by deputization
Brookfield Holding Ltd Liability Co
BUDAPEST 1074, DOHANY UTCA 12
BUDAPEST, K5 
  X   X   Director by deputization
1706065 Alberta ULC
SUITE 1700
335 8TH AVENUE SW
CALGARY, A0 T2P 1C9
  X   X   Director by deputization
Brookfield BPY Holdings (US) Inc.
181 BAY STREET, SUITE 300
TORONTO, A6 M5J 2T3
  X   X   Director by deputization
BPY Canada Subholdings 1 ULC
181 BAY STREET
BROOKFIELD PLACE SUITE 300
TORONTO, Z4 M5J2T3
  X   X   Director by deputization
Brookfield Property Split Corp.
181 BAY STREET, SUITE 330
TORONTO, A6 M5J 2T3
  X   X   Director by deputization
Brookfield Office Properties Inc
181 BAY STREET, SUITE 330
TORONTO, A6 M5J 2T3
  X   X   Director by deputization

Signatures

 BROOKFIELD PROPERTIES SUBCO LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary   08/29/2018
**Signature of Reporting Person Date

 BPY CANADA SUBHOLDINGS 1 ULC., /s/ Keith Hyde, President   08/29/2018
**Signature of Reporting Person Date

 BROOKFIELD PROPERTY SPLIT CORP., /s/ Michelle L. Campbell, Secretary   08/29/2018
**Signature of Reporting Person Date

 BROOKFIELD OFFICE PROPERTIES INC., /s/ Keith Hyde, Vice President, Taxation   08/29/2018
**Signature of Reporting Person Date

 1706065 ALBERTA ULC., /s/ Keith Hyde, Vice President, Taxation   08/29/2018
**Signature of Reporting Person Date

 BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Dr. Laszlo Csontos, Managing Director   08/29/2018
**Signature of Reporting Person Date

 BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Eamonn John O'Dea, Managing Director   08/29/2018
**Signature of Reporting Person Date

 BP US REIT LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary   08/29/2018
**Signature of Reporting Person Date

 BROOKFIELD BPY HOLDINGS INC., /s/ Allen Yi, Assistant Secretary   08/29/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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