Reckson Associates Realty Corp. - RA- Profile

Reckson Associates Realty Corp.. The Group's principal activities are to own, develop, acquire, construct, manage and lease office and industrial properties. It operates as a fully integrated, self-administered and self-managed real estate investment trust. The Group is taxed as a REIT under Sections 856-860 of the Internal Revenue Code of 1986, as amended. As of 30-Jun-2006, the Group owned 93 office properties (inclusive of twenty-six office properties owned through joint ventures).The operations of the Group are carried out in the United States. During 2005, the Group acquired two Class A office properties located at one and Seven Giralda Farms in Madison, New Jersey, 1.4 million square foot, 50 story, Class A office tower located at One Court Square, Long Island City and joint venture partner's 40% interest in a 172,000 square foot office property located at 520 White Plains Road, Tarrytown. Owns, develops, acquires, constructs, manages and leases office and industrial properties