| Business Summary | | Reckson
Associates
Realty
Corp.,
together
with
Reckson
Operating
Partnership,
L.P.
and
their
affiliates,
operates
as
a
fully
integrated,
self-administered
and
self-managed
real
estate
investment
trust.
As
of
December
31,
2000,
the
Company
owned
188
properties
(including
10
joint
venture
properties)
in
the
Tri-State
Area
encompassing
approximately
21.3
million
rentable
square
feet,
all
of
which
are
managed
by
the
Company.
The
Properties
consist
of
65
Class
A
office
properties
encompassing
approximately
9.1
million
rentable
square
feet,
17
Class
A
CBD
Office
Properties
encompassing
approximately
5.3
million
rentable
square
feet,
104
industrial
properties
encompassing
approximately
6.8
million
rentable
square
feet
and
two
10,000-square-foot
retail
properties.
The
Company
also
owns
a
357,000-square-foot
office
building
located
in
Orlando,
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Reckson
Associates
Realty
is
a
real
estate
investment
trust.
The
Company
owns,
develops,
acquires,
constructs,
manages
and
leases
suburban
office
and
industrial
properties
in
the
NY
area.
For
the
six
months
ended
6/30/01,
revenues
rose
8%
to
$263.3
million.
Net
income
applicable
to
Common
rose
8%
to
$30.4
million.
Revenues
reflect
increased
occupancies
and
rental
rates.
Earnings
were
partially
offset
by
legal
and
professional
fees
and
an
increase
in
depreciation
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Donald Rechler, 66 Chairman,
Co-CEO | $1.2M | -- | Scott Rechler, 33 Co-CEO,
Chairman of the Exec. Committee, Director | 1.0M | -- | Gregg Rechler, 34 Co-Pres,
COO, Director | 900K | $658K | Mitchell Rechler, 41 Co-Pres,
CAO, Director | 900K | -- | Roger Rechler, 59 Vice
Chairman, Exec. VP of Devel. | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|