<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001453885</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>4</amendmentNo>
<securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001614806</issuerCik>
<issuerName>Rithm Property Trust Inc.</issuerName>
<issuerCusip>38983D300</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>799 Broadway</com:street1>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10003</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Beach Point Capital Management LP</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>494985</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>494985</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>494985</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>1.1</classPercent>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<comments>**see Note 1**</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Beach Point GP LLC</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>494985</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>494985</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>494985</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>1.1</classPercent>
<typeOfReportingPerson>HC</typeOfReportingPerson>
<comments>**see Note 1**</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Rithm Property Trust Inc.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>799 Broadway, New York, New York, 10003</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Beach Point Capital Management LP ("Beach Point Capital")&#13;
Beach Point GP LLC ("Beach Point GP")</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>c/o Beach Point Capital Management LP, 1620 26th Street, Suite 6000n, Santa Monica, CA 90404</principalBusinessOfficeOrResidenceAddress>
<citizenship>Beach Point Capital - Delaware&#13;
Beach Point GP - Delaware</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>IA</typeOfPersonFiling>
<typeOfPersonFiling>HC</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>494,985 by each of Beach Point Capital and Beach Point GP (collectively, "Beach Point"). **see Note 1**&#13;
&#13;
The Common Stock reported as beneficially owned by Beach Point in this Schedule 13G includes 494,985 shares of Common Stock held by certain clients of Beach Point (the "Clients").</amountBeneficiallyOwned>
<classPercent>1.1% by each of Beach Point Capital and Beach Point GP. The percent of class is based on 45,420,752 shares of Common Stock outstanding as of July 28, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on July 31, 2025.</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>Beach Point Capital - 0&#13;
Beach Point GP - 0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>Beach Point Capital - 494,985 **see Note 1**&#13;
Beach Point GP - 494,985 **see Note 1**</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>Beach Point Capital - 0&#13;
Beach Point GP - 0</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>Beach Point Capital - 494,985 **see Note 1**&#13;
Beach Point GP - 494,985 **see Note 1**</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>N</notApplicableFlag>
<classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
</item5>
<item6>
<notApplicableFlag>N</notApplicableFlag>
<ownershipMoreThan5PercentOnBehalfOfAnotherPerson>While Beach Point Capital and Beach Point GP may each be deemed the beneficial owner of the shares of Common Stock of the Issuer, each of the reporting persons is the beneficial owner of such stock on behalf of the Clients who have the right to receive and the power to direct the receipt of the dividends from, or the proceeds of the sale of, such Common Stock.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
</item6>
<item7>
<notApplicableFlag>N</notApplicableFlag>
<subsidiaryIdentificationAndClassification>See Exhibit I</subsidiaryIdentificationAndClassification>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<exhibitInfo>Exhibit I - Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person&#13;
&#13;
Exhibit II - Joint Filing Agreement</exhibitInfo>
<signatureInformation>
<reportingPersonName>Beach Point Capital Management LP</reportingPersonName>
<signatureDetails>
<signature>/s/ David Rosenblum</signature>
<title>David Rosenblum, General Counsel</title>
<date>11/07/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>Beach Point GP LLC</reportingPersonName>
<signatureDetails>
<signature>/s/ David Rosenblum</signature>
<title>David Rosenblum, General Counsel</title>
<date>11/07/2025</date>
</signatureDetails>
</signatureInformation>
<signatureComments>** Note 1 ** Beach Point Capital, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, furnishes investment advice to the Clients. In its role as investment adviser, Beach Point Capital possesses voting and investment power over the shares of Common Stock of the Issuer described in this schedule that are owned by the Clients, and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer held by the Clients. However, all securities reported in this schedule are owned by the Clients. Beach Point Capital disclaims beneficial ownership of such securities. Beach Point GP is the sole general partner of Beach Point Capital. As a result, Beach Point GP may be deemed to share beneficial ownership of the shares of Common Stock of the Issuer held by the Clients. Beach Point GP disclaims beneficial ownership of such securities.</signatureComments>
</formData>

</edgarSubmission>
