MELVILLE, N.Y.--(BUSINESS WIRE)--July 8, 2004--Reckson Associates Realty Corp. (NYSE:RA) announced today that the Company will be releasing second quarter 2004 earnings results after the market close on Wednesday, August 4, 2004. In addition, the Company's executive management team led by President and Chief Executive Officer Scott Rechler, will host a conference call outlining second quarter results on Thursday, August 5, 2004 at 2:00 p.m. EST. The conference call can be accessed by dialing (800) 611-1148 (internationally (612) 332-0335). No passcode is required. The live conference call will also be webcast in a listen-only mode on 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 5, 2004 at 7:15 p.m. EST through August 13, 2004 at 11:59 p.m. EST. The telephone number for the replay is (800) 475-6701, passcode 736374. A replay of the webcast of the conference call will also be available via the Company's web site.

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 84 properties comprised of approximately 15.3 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.

    CONTACT: Reckson Associates Realty Corp.
             Scott Rechler/Michael Maturo, 631-694-6900
             Fax: 631-622-6790

    SOURCE: Reckson Associates Realty Corp.