SHORT HILLS, NJ, MAY 30, 2003 - Friends and the corporate community of the Long Island Chapter of The Nature Conservancy recently gathered to celebrate Gregg Rechler's commitment to the organization at the Second Annual Earth and Ocean Gala in Cold Spring Harbor. The Conservancy commemorated its 50th anniversary of conservation success on Long Island.
Gregg Rechler is a life-long conservationist who has demonstrated a deep and enduring commitment to Long Island, said Paul Rabinovitch, Executive Directory of the Long Island Chapter of the Nature Conservancy. Rabinovitch continued to commend Reckson Associates' pursuit to sustain Long Island's natural heritage. Their office buildings uniformly adhere to the highest environmental standards, both in form and function, from their award-winning landscape design to a commitment to retrofit old buildings.
Reckson Associates prides itself on taking a leadership role within the communities it serves across the New York Tri-State region. The Company supports these communities through the philanthropic support of cultural, educational and health care initiatives, which contributes to the exploration of experiences that make a positive influence in a community. Reckson contributes to such commendable charities as the Children's Medical Fund of New York Schneider Children's Hospital, Long Island Children's Museum, to the Museum of Modern Art, Make A Wish Foundation, March of Dimes, Big Brothers and Sisters of New York, and The Nature Conservancy.
The Conservancy, founded in 1951, is a leading international, nonprofit organization that preserves plants, animals, and natural communities representing the diversity of life on planet Earth. The Conservancy owns 65 preserves on Long Island, many of which are open to the public for hiking, bird watching and photography. To learn more about the organization and its conservation efforts, visit their website at http://nature.org.
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 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 and industrial properties in the New York Tri-State area, with 178 properties comprised of approximately 20.3 million square feet either owned or controlled. For additional information on Reckson Associates Realty Corp., please visit the Company's web site at www.reckson.com .
Certain matters discussed herein 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 and industrial properties in the New York Tri-State area; changes in interest rate levels; 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, security and insurance costs; repayment of debt owed to the Company by third parties (including FrontLine Capital Group); 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.
