NEW YORK, NY -- March XX, 2006 - Reckson Associates Realty Corp. (NYSE: RA) announced today that David Sims has joined the Company as Senior Vice President and Managing Director of its Westchester/Connecticut Division. This newly created position is the result of the Company's recent dramatic expansion in the Westchester marketplace and the expectation of continued rapid growth. Mr. Sims will be responsible for the formulation and execution of the division's business plan for the recently expanded portfolio of 6.7 million rsf, comprising the premier office properties in the Westchester/ Fairfield marketplace. A major focus of that business strategy will be the execution of the multi-million dollar repositioning of the recently acquired 1.6 million square foot East Ridge portfolio located on Westchester's Platinum Mile. Mr. Sims will be reporting to Salvatore Campofranco, Reckson's Chief Operating Officer. As Managing Director, Sims will become a member of Reckson's Operating Committee.

Commenting on Sims' appointment, Salvatore Campfranco said, "We are extremely pleased to have a person of David's reputation, skill and experience join our company. In Westchester and Connecticut we have the most experienced and knowledgeable team in these markets and adding David will only enhance our competitive advantage."

David Sims brings over 36 years of real estate industry experience to his new Reckson position. The majority of his career has been spent at some of the highest caliber real estate companies such as Olympia and York, Mendik Realty Company and Vornado and most recently CB Richard Ellis. David was a principal with the Mendik organization and involved with and responsible for many major leasing transactions. While there he also participated in the strategy formulation for major asset repositions and oversaw their successful execution. He joined Vornado as a result of the acquisition by Vornado of the Mendik portfolio. In his most recent position he worked on the agency and tenant rep side of the business for CB with assignments including major buildings in the city and tenants such as UNITE HERE, RREEF, Sentinel Real Estate, Taconic, Amalgamated Bank and American Capital.

Sims is a member of the Real Estate Board of New York, the industry's leading trade association and a significant force in New York's civic life, as well as the Young Men's/Women's Real Estate Association of New York, a major industry advocacy group.

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 102 properties comprised of approximately 20.2 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.
225 Broadhollow Road
Melville, NY 11747
(631) 694-6900 (Phone)
(631) 622-6790 (Facsimile)
Contact: Salvatore Campofranco,
Executive Vice President and Chief Operating Officer

Rubenstein Communications
Media Contact: Margot Olcay
(212) 843 8284 (Phone)