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<SEC-DOCUMENT>0000905148-06-007237.txt : 20061218
<SEC-HEADER>0000905148-06-007237.hdr.sgml : 20061218
<ACCEPTANCE-DATETIME>20061218190450
ACCESSION NUMBER:		0000905148-06-007237
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061214
FILED AS OF DATE:		20061218
DATE AS OF CHANGE:		20061218

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MATURO MICHAEL
		CENTRAL INDEX KEY:			0001061710

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13762
		FILM NUMBER:		061284751

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		5167197400

	MAIL ADDRESS:	
		STREET 1:		225 BROADHOLLOW RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RECKSON ASSOCIATES REALTY CORP
		CENTRAL INDEX KEY:			0000930548
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				113233650
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		625 RECKSON PLAZA
		CITY:			UNIONDALE
		STATE:			NY
		ZIP:			11556
		BUSINESS PHONE:		516 506-6000

	MAIL ADDRESS:	
		STREET 1:		625 RECKSON PLAZA
		CITY:			UNIONDALE
		STATE:			NY
		ZIP:			11556
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>efc6-2925_form4ex.xml
<TEXT>
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            </exerciseDate>
            <expirationDate>
                <value>2007-11-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>21479</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>81145</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On December 14, 2006, the registrant exercised employee stock options for an aggregate of 47,376 shares of common stock of
 Reckson Associates Realty Corp. (the &quot;Company&quot;), and subsequently sold such shares in the open market.</footnote>
        <footnote id="F2">On December 15, 2006, the registrant exercised employee stock options for an aggregate of 21,479 shares of common stock of
 the Company, and subsequently sold such shares in the open market.</footnote>
        <footnote id="F3">N/A.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael Maturo</signatureName>
        <signatureDate>2006-12-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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