Stock Detail
Sector:
Latest Quote @ Sat May 5 22:59:22 (15 min delayed)
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Stock Profile
Reckson Associates Realty Corp. operates as a real estate investment trust (REIT). It engages in the in the ownership, management, operation, acquisition, leasing, financing, and development of commercial real estate properties, principally office and industrial/research and development properties located in the New York City tri-state area. As of August 16, 2005, the company owned 90 properties, comprising approximately 18.9 million square feet. Reckson Associates qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of taxable income to its shareholders. Reckson Associates was founded by William Rechler, Donald Rechler, and Roger Rechler in 1968. The company is headquartered in Melville, New York.
