 Brookfield Property REIT Inc. BPYU or the Company BPYU announced today its intention to commence a tender offer the Offer to purchase up to 9,166,667 shares of BPYUs Class A Stock, par value 0.01 per share Class A Stock, from public shareholders for a price of 12 per share, representing a 17.3 premium to the share price on the Nasdaq Stock Market as of market close on July 1, 2020. For greater clarity, the Offer will not be made for limited partnership units BPY Units of Brookfield Property Partners L.P. BPY, which will be the subject of a concurrent and separate offer by BPY. 