Annual Event Raises Over $50,000 for Worthy Cause
SHORT HILLS, NJ (November 22, 2005) - Reckson Associates Realty Corp. (NYSE:
RA) has announced that Todd Rechler, Reckson's Corporate Senior Vice President
& Managing Director of its New Jersey Division was recently recognized by
March of Dimes at its annual Real Estate Award Breakfast. Developed three years
ago by the March of Dimes organization, the Real Estate Award Breakfast serves
as platform to honor the personal contribution and efforts of a member of the
real estate community in furthering the March of Dimes' mission to promote the
health of babies.
Over 100 real estate professionals attended the event resulting in one of its
most successful fundraising efforts, achieving a benchmark donation of over
$51,000 for March of Dimes programs encompassing research, education, community
services and advocacy that will help save babies' lives.
"It is an honor to have received this award from such an important organization
as the March of Dimes," stated Rechler. "March of Dimes is an outstanding
organization that does incredible work to save babies' lives and Reckson is
extremely proud to lend a hand to support their worthwhile mission. From time
to time the real estate community is called upon to lend its support. I believe
that it is our duty to get involved with our local communities and charitable
organizations-- not just by providing financial support but adding value with
our knowledge, time and resources."
Mr. Rechler is active in several philanthropic, non-profit and civic organizations.
He is a an avid supporter of the New Jersey Make-A-Wish Foundation and the children's
charitable organization, "All-Stars Program," as well as the Morristown
Memorial Hospital Cancer Center. He also serves as a member of the executive
and finance committees of the Paper Mill Playhouse in Millburn.
The March of Dimes is a national voluntary health agency whose mission is to
improve the health of babies by preventing birth defects and infant mortality.
Founded in 1938, the March of Dimes funds programs of research, community services,
education, and advocacy to save babies and in 2003 launched a five-year campaign
to address the increasing rate of premature birth.
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,
and wholly owns, has substantial interests in, or has under contract, a total
of 89 properties comprised of approximately 18.5 million square feet. 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.
Reckson Associates Realty Corp.
51 JFK Parkway
Short Hills, NJ 07078
(973) 313-3300 (Phone)
(973) 313-3301 (Facsimile)
Contact: Todd Rechler, Corporate
Senior VP and Managing Director of Reckson Associates' NJ division
Beckerman Public Relations
Contact: Stephanie W. Singer (Media)
(908) 781-6420 (Phone)
stephanie@beckermanpr.com (Email)
