UNIONDALE, N.Y., Nov 17, 2006 (BUSINESS WIRE) -- Reckson Associates Realty Corp. (NYSE: RA) today announced that, in light of recent developments, in coordination with SL Green Realty Corp. (NYSE: SLG), it is postponing the date of its special meeting of stockholders originally scheduled for November 22, 2006 to November 28, 2006 to approve its pending merger with SL Green Realty Corp.

Important Information and Where to Find It

Reckson and SL Green have filed a definitive proxy statement/prospectus as part of a registration statement regarding the proposed transaction with the Securities and Exchange Commission (SEC) on October 19, 2006. Investors and security holders are urged to read the proxy statement/prospectus because it contains important information about SL Green and Reckson and the proposed transaction. Investors and security holders may obtain a free copy of the definitive proxy statement/prospectus and other documents filed by SL Green and Reckson with the SEC at the SEC's website at www.sec.gov. The definitive proxy statement/prospectus and other relevant documents may also be obtained free of charge from SL Green or Reckson by directing such request to: SL Green, 420 Lexington Avenue, New York, NY 10170, Attention: Investor Relations, or Reckson, 625 Reckson Plaza, Uniondale, NY 11556, Attention: Investor Relations. Investors and security holders are urged to read the proxy statement, prospectus and other relevant material before making any voting or investment decisions with respect to the merger.

SOURCE: Reckson Associates Realty Corp.

Reckson Associates Realty Corp.
Susan McGuire, 516-506-6000
Fax: 516-506-6800
or
Sard Verbinnen & Co.
Paul Caminiti / Denise DesChenes / Jeffrey Mathews
212-687-8080