MELVILLE, N.Y.--(BUSINESS WIRE)--June 7, 2005--Reckson Associates Realty Corp. (NYSE: RA) one of the largest publicly traded owners, managers and developers of Class A office properties in the New York Tri-State area, announced today that Scott Rechler, President and Chief Executive Officer, will present at the National Association of Real Estate Investment Trusts (NAREIT) Institutional Investor Forum on Thursday, June 9, 2005 at 2:25 p.m. EST.

The audio of the presentation will be webcast live in a listen-only mode on the Company's web site at www.reckson.com in the Investor Relation's section. In addition, the Company will post the slide show that it will distribute as a handout at the presentation in the same section of the Company's web site. The audio and slide show presentation will be archived following the event and can be accessed on the Company's web site.

Reckson also announced that Mr. Rechler will moderate NAREIT's panel "The Value Proposition Today" on Wednesday, June 8 at 8:45 a.m. EST. The live audio webcast of the panel can be accessed on NAREIT's website at www.nareit.com.

Reckson Associates Realty Corp. is a self-administered and self-managed real estate investment trust (REIT) specializing in the acquisition, leasing, financing, management and development of Class A office properties.

Reckson's core growth strategy is focused on the markets surrounding and including New York City. The Company is one of the largest publicly traded owners, managers and developers of Class A office properties in the New York Tri-State area, with 91 properties comprised of approximately 17.9 million square feet either owned or controlled, or under contract. For additional information on Reckson Associates Realty Corp., please visit the Company's web site at www.reckson.com.

Certain matters discussed herein, including guidance concerning the Company's future performance, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, forward-looking statements are not guarantees of results and no assurance can be given that the expected results will be delivered. Such forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those expected. Among those risks, trends and uncertainties are the general economic climate, including the conditions affecting industries in which our principal tenants compete; financial condition of our tenants; changes in the supply of and demand for office properties in the New York Tri-State area; changes in interest rate levels; changes in the Company's credit ratings; changes in the Company's cost of and access to capital; downturns in rental rate levels in our markets and our ability to lease or re-lease space in a timely manner at current or anticipated rental rate levels; the availability of financing to us or our tenants; changes in operating costs, including utility, real estate taxes, security and insurance costs; repayment of debt owed to the Company by third parties; risks associated with joint ventures; liability for uninsured losses or environmental matters; and other risks associated with the development and acquisition of properties, including risks that development may not be completed on schedule, that the tenants will not take occupancy or pay rent, or that development or operating costs may be greater than anticipated. For further information on factors that could impact Reckson, reference is made to Reckson's filings with the Securities and Exchange Commission. Reckson undertakes no responsibility to update or supplement information contained in this press release.

CONTACT: Reckson Associates Realty Corp., Melville
Scott Rechler, CEO
Michael Maturo, CFO
631-694-6900
Fax: 631-622-6790
SOURCE: Reckson Associates Realty Corp.