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    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0002139948</cik>
        <entityName>Prime Property Fund, LP</entityName>
        <issuerAddress>
            <street1>C/O MORGAN STANLEY REAL ESTATE ADVISOR</street1>
            <street2>1585 BROADWAY, FLOOR 33</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
            <zipCode>10036</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(404) 846-1425</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2026</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>-</firstName>
                <lastName>Morgan Stanley Real Estate Advisor, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1585 BROADWAY</street1>
                <street2>FLOOR 33</street2>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Adviser of Prime Property Fund, LP</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Field</firstName>
                <middleName>H.</middleName>
                <lastName>Griffith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>116 Birch Run</street1>
                <city>Harpswell</city>
                <stateOrCountry>ME</stateOrCountry>
                <stateOrCountryDescription>MAINE</stateOrCountryDescription>
                <zipCode>04079</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner of Prime Property Fund, LP</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cheyenne</firstName>
                <lastName>Sparrow</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1585 BROADWAY</street1>
                <street2>FLOOR 33</street2>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lauren</firstName>
                <lastName>Hochfelder</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1585 BROADWAY</street1>
                <street2>FLOOR 33</street2>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner of Prime Property Fund, LP</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Rice</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5210 Goddard Road</street1>
                <city>Bethesda</city>
                <stateOrCountry>MD</stateOrCountry>
                <stateOrCountryDescription>MARYLAND</stateOrCountryDescription>
                <zipCode>20814</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of the General Partner of Prime Property Fund, LP</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Scott</firstName>
                <middleName>A.</middleName>
                <lastName>Brown</lastName>
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                <street1>1585 BROADWAY</street1>
                <street2>FLOOR 33</street2>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bennett</firstName>
                <middleName>A.</middleName>
                <lastName>Weaver</lastName>
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            <relatedPersonAddress>
                <street1>3280 Peachtree Road</street1>
                <street2>20th Floor</street2>
                <city>ATLANTA</city>
                <stateOrCountry>GA</stateOrCountry>
                <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                <zipCode>30305</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Braden</firstName>
                <middleName>O.</middleName>
                <lastName>Wilhelm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>555 California Street</street1>
                <street2>21st Floor</street2>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94104</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Catherine</firstName>
                <lastName>Polleys</lastName>
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            <relatedPersonAddress>
                <street1>14334 N Council Fire Trail</street1>
                <city>Kamas</city>
                <stateOrCountry>UT</stateOrCountry>
                <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                <zipCode>84036</zipCode>
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        <relatedPersonInfo>
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                <firstName>Derek</firstName>
                <lastName>Simmons</lastName>
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                <street2>Floor 21</street2>
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                <zipCode>94104</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Laurel</firstName>
                <lastName>Durkay</lastName>
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            <relatedPersonAddress>
                <street1>1585 Broadway</street1>
                <street2>Floor 33</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>true</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>The Investment Adviser is entitled to receive a management fee comprised of base management fees and an incentive management fee, each determined by a formula based on net asset value.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Prime Property Fund, LP</issuerName>
                <signatureName>/s/ Bennett A. Weaver</signatureName>
                <nameOfSigner>Bennett A. Weaver</nameOfSigner>
                <signatureTitle>Vice President of the General Partner of the Issuer</signatureTitle>
                <signatureDate>2026-06-30</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
