MELVILLE, N.Y.--(BUSINESS WIRE)--July 18, 2001--Reckson Associates Realty Corp. (NYSE: RA) announced today that the Company will be releasing second quarter 2001 earnings results after the market closes on Tuesday, August 7, 2001.

In addition, the Company's executive management team led by Co-Chief Executive Officer Scott Rechler, will host a conference call outlining second quarter results on Wednesday, August 8, 2001 at 3:00 p.m. EST. The conference call can be accessed by dialing (800) 288-8976 (internationally (612) 332-0720). No passcode is required. The live conference call in a listen-only mode will also be available through the Company's web site at www.reckson.com under the Investor Relations section with an accompanying slide show presentation outlining the Company's second quarter results.

A replay of the conference call will be available telephonically from August 8, 2001 at 7:00 p.m. EST through August 17, 2001 at 11:59 p.m. EST. The telephone number for the replay is (800) 475-6701, passcode 594650. A replay of the conference call via the Company's web site will also be available through August 17, 2001 at 11:59 p.m. EST.

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 office and industrial properties.

Reckson's core 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 and industrial properties in the New York Tri-State area, with 186 properties comprised of approximately 21.1 million square feet either owned and controlled, directly or indirectly, or under contract. For additional information on Reckson Associates Realty Corp., please visit the Company's web site at www.reckson.com.

Reckson Associates Realty Corp., Melville
Scott Rechler or Michael Maturo
631/694-6900 (Phone)
631/622-6790 (Facsimile)