Company: BPYPN
Filing Date: 2025-06-05
Form Type: CORRESP
Source: 0001104659-25-056805
Chunk: 2

Company: Brookfield Property Partners L.P.
Filing Date: 2025-06-05
Form: CORRESP
Chunk 2
---
 to materially affect the Company’s financial condition
or operations, the Company will provide appropriate disclosure consistent with Item 303(b)(1) of Regulation S-K and 501.03 of the Codification
of Financial Reporting Policies.

| - 3 - |

Response: The Company respectfully acknowledges the Staff’s
comment regarding the reference to the exclusion of Watermark Lodging Trust (“Watermark”) from management’s report
on internal control over financial reporting (“ICFR”). The Company advises the Staff that reference to Watermark was
made in error and should not have been designated as excluded from the Company’s ICFR assessment in reliance on Question 3 of the
FAQ for Management’s Report on Internal Control over Financial Reporting and Certification of Disclosure in Exchange Act Periodic
Reports. The Company confirms to the Staff that as of December 31, 2024, the Company appropriately included all subsidiaries of the Company
required for purposes of making its assessment on internal controls over financial reporting consistent with the rules of the Commission
and applicable Commission guidance and there were no consolidated subsidiaries or operations that were excluded from ICFR assessment.

The Company advises the Staff that going forward the Company
will remove references to Watermark and will only exclude consolidated subsidiaries and operations consistent with Question 3 of the FAQ
for Management’s Report on Internal Control over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Report
and otherwise consistent with applicable Commission guidance.

<div align='center'>*****</div>

If there are additional comments or questions, please do not hesitate
to contact the undersigned at (212) 417-7166.

Very truly yours,

| By:    | /s/ Bryan Davis                                            |
| Name:  | Bryan Davis                                                |
| Title: | Chief Financial Officer, Brookfield Property Partners L.P. |
| cc:    | Mile T. Kurta, Torys LLP                                   |