UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 7, 2005
RECKSON ASSOCIATES REALTY CORP.
and
RECKSON OPERATING PARTNERSHIP, L.P.
(Exact name of each Registrant as specified in its Charter)
Reckson Associates Realty Corp. - Maryland Reckson Associates Realty Corp. -
Reckson Operating Partnership, L.P. - Delaware 11-3233650
(State or other jurisdiction of incorporation or organization) Reckson Operating Partnership, L.P. -
11-3233647
(IRS Employer ID Number)
225 Broadhollow Road 11747
Melville, New York (Zip Code)
(Address of principal executive offices)
1-13762
(Commission File Number)
(631) 694-6900
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrants under any of
the following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.01. Completion of Acquisition or Disposition of Assets.
On October 7, 2005, Reckson Associates Realty Corp. ("Reckson"),
through a wholly-owned subsidiary, completed the acquisition of an
approximately 1.1 million square foot Class A office complex located at 204
EAB Plaza in Uniondale, New York from Galaxy LI Associates, LLC (the
"Seller"). The purchase price for EAB Plaza, now known as Reckson Plaza, was
approximately $240.0 million. In addition, Reckson acquired from the Seller an
approximately 8.2-acre development site adjacent to EAB Plaza for
approximately $19.0 million. Reckson's $27.6 million mezzanine loan to the
Seller was repaid upon the closing of the acquisition.
A copy of Reckson's press release announcing the acquisition of EAB
Plaza is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in Exhibit 99.1 shall not be deemed "filed"
with the Securities and Exchange Commission for the purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to the liabilities of
that section, nor shall it be incorporated by reference in any registration
statement filed by Reckson or Reckson Operating Partnership, L.P. under the
Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits
Financial Statements relating to the acquisition described in Item
2.01 have not been included in this Current Report on Form 8-K and will be
filed on or before December 23, 2005.
(d) Exhibits
99.1 Reckson Associates Realty Corp. Press Release, dated
October 12, 2005, announcing the acquisition of EAB Plaza.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RECKSON ASSOCIATES REALTY CORP.
By: /s/ Michael Maturo
---------------------------------------
Michael Maturo
Executive Vice President
and Chief Financial Officer
RECKSON OPERATING PARTNERSHIP, L.P.
By: Reckson Associates Realty Corp.,
its General Partner
By: /s/ Michael Maturo
---------------------------------------
Michael Maturo
Executive Vice President
and Chief Financial Officer
Date: October 14, 2005
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