UNIONDALE, N.Y.--(BUSINESS WIRE)--Dec. 6, 2006--Reckson Associates Realty Corp. (NYSE: RA) today announced that it will adjourn its Special Meeting of Shareholders for consideration of SL Green's pending Merger Agreement to 11:30 a.m. on December 7, 2006 at the NY Hilton and Towers, 1335 Avenue of the Americas, New York, New York, 10019.

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.

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

SOURCE: Reckson Associates Realty Corp.