UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934


                               (Amendment No. )*

                         Reckson Associates Realty Corp.
--------------------------------------------------------------------------------
                                (Name of Issuer)
--------------------------------------------------------------------------------

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    75621K106
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                  Jeffrey Ruiz
                                Deutsche Bank AG
                        c/o Deutsche Bank Securities Inc.
                                 60 Wall Street
                               New York, NY 10005
                                 (212) 250-3667

--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                 Communications)

                                December 11, 2006

             (Date of Event which Requires Filing of this Statement

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].

Note:  Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The Information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).





Cusip No. 066821109
------=====---------------------------------------------------------------------
1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Deutsche Bank AG
--------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) [ ]
                                                                        (b) [ ]
--------------------------------------------------------------------------------
3     SEC USE ONLY
--------------------------------------------------------------------------------
4     SOURCE OF FUNDS                                                        WC
       (See Item 3)
----- --------------------------------------------------------------------------
5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS

      IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                            [ ]
----- --------------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION
      Deutsche Bank AG is organized under the laws of the Federal Republic of
      Germany.
----- --------------------------------------------------------------------------
                      7     SOLE VOTING POWER

                            4,214,137
                      ----------------------------------------------------------
NUMBER OF             8     SHARED VOTING POWER
SHARES
BENEFICIALLY                13,388
OWNED BY              ----------------------------------------------------------
EACH                  9     SOLE DISPOSITIVE POWER
REPORTING
PERSON                      4,214,137
                      ----------------------------------------------------------
                      10    SHARED DISPOSITIVE POWER

                            13,388
--------------------------------------------------------------------------------
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      4,227,525
--------------------------------------------------------------------------------
12
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      5.05%
--------------------------------------------------------------------------------
14    TYPE OF REPORTING PERSON

      BK
--------------------------------------------------------------------------------





Cusip No. 066821109
---------------------------------------------------------------------------
1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Deutsche Bank Securities Inc.
--------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) [ ]
                                                                        (b) [ ]
--------------------------------------------------------------------------------
3     SEC USE ONLY
--------------------------------------------------------------------------------
4     SOURCE OF FUNDS                                                        WC
       (See Item 3)
--------------------------------------------------------------------------------
5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS

      IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                            [ ]
--------------------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION
      Delaware
--------------------------------------------------------------------------------
                      7     SOLE VOTING POWER

                            0
                      ----------------------------------------------------------
NUMBER OF             8     SHARED VOTING POWER
SHARES
BENEFICIALLY                13,388
OWNED BY              ----------------------------------------------------------
EACH                  9     SOLE DISPOSITIVE POWER
REPORTING
PERSON                      0
                      ----------------------------------------------------------
                      10    SHARED DISPOSITIVE POWER

                            13,388
--------------------------------------------------------------------------------
11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      13,388
--------------------------------------------------------------------------------
12
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      0.02%
--------------------------------------------------------------------------------
14    TYPE OF REPORTING PERSON

      BD
--------------------------------------------------------------------------------





Item 1.   Security and Issuer

        This statement on Schedule 13D (this "Statement") relates to shares of
common stock, par value $0.01 per share (the "Shares"), of Reckson Associates
Realty Corp. (the "Issuer"). The Issuer has its principal executive offices at
625 Reckson Plaza, Uniondale, New York 11556..

Item 2.   Identity and Background

(a)     This Statement is being filed by Deutsche Bank Securities Inc. ("DBSI")
and Deutsche Bank AG ("Deutsche Bank", together with DBSI, the "Reporting
Persons" and each, a "Reporting Person"). A joint filing agreement has been
filed as Exhibit 1 to this Statement pursuant to Rule 13d-1(k) promulgated under
the Securities Exchange Act of 1934, as amended (the "Exchange Act").

        DBSI is a corporation organized under the laws of Delaware, and is a
wholly-owned subsidiary of DB US Financial Markets Holding Corporation
("DBUSFM"). DBUSFM is a wholly-owned subsidiary of Deutsche Bank Americas
Holding Corporation, a wholly-owned subsidiary of Taunus Corporation, which in
turn is a wholly-owned subsidiary of Deutsche Bank. Deutsche Bank is organized
under the laws of the Federal Republic of Germany. The securities acquired by
Deutsche Bank covered by this Statement were acquired through the London Branch
of Deutsche Bank, which is licensed by the United Kingdom banking authority.

(b)     The address of the principal place of business of Deutsche Bank is
Taunusanlage 12, 60325 Frankfurt, Federal Republic of Germany. The address of
the principal office of DBSI is 60 Wall Street, New York, New York 10005.

(c) and (f)     The principal business of the Reporting Persons and the name,
business address, principal occupation or employment and citizenship of each of
the executive officers, directors, controlling persons and trustees, as
applicable of each of the Reporting Persons and each corporation and other
person ultimately in control of the Reporting Persons are set forth on Schedule
1 to this Statement which is incorporated herein.

        Set forth on Schedule 1 to this Statement, and incorporated herein by
reference, is a list of the executive officers and directors of each of Deutsche
Bank and DBSI that contain the following information with respect to each such
person: (i) name; (ii) business address; (iii) present principal occupation or
employment and the name and business address of each corporation or organization
in which each such employment is conducted; and (iv) citizenship.

(d) and (e)     During the last five years, none of the Reporting Persons and,
to the best knowledge of the Reporting Persons, none of the persons named on
Schedule 1 to this Statement has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
as a result of which such person was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.

Item 3.    Source and Amount of Funds or Other Consideration

        The source of the funds for the purchase of the Shares was working
capital of the Reporting Persons.

Item 4.    Purpose of Transaction

        All of the Shares reported herein as having been acquired or disposed of
were from the accounts of Deutsche Bank AG, London Branch and DBSI and were
acquired or disposed of as part of their proprietary trading activities or in
order to hedge its exposure to certain derivative contracts entered into with
its clients.

        On December 11,2006 the total number of Shares that may have been deemed
beneficially owned by the Reporting Persons exceeded 5% of the total number of
Shares outstanding.  The Reporting Persons qualify as institutions that may
file securities ownership reports required by the Securities Exchange Act on
Schedule 13G. The Issuer entered into an Agreement and Plan of Merger, dated as
of August 3, 2006, by and between the Issuer and SL Green Realty Corp. Deutsche
Bank acquired Shares held in an arbitrage account subsequent to the announcement
of the merger  As a result, under interpretations of the Staff of the Securities
and Exchange Commission, Deutsche Bank may be deemed to have purchased the
Shares with the purpose of, or with the effect of, changing or influencing
control of the Issuer, in connection with the proposed merger and the Reporting
Persons are therefore filing this report on Schedule 13D.

        The Reporting Persons reserve the right to acquire, or cause to be
acquired, additional securities of the Issuer or derivatives or other
instruments related thereto, to dispose of, or cause to be disposed, such
securities, derivatives or other instruments at any time and to formulate other
purposes, plans or proposals regarding the Issuer or any of its securities, to
the extent deemed advisable in light of general investment and trading policies
of the Reporting Persons, market conditions or other factors. Except as set
forth herein, the Reporting Persons do not have any plans or proposals at this
time that relate to or would result in any of the transactions described in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5.    Interest in Securities of the Issuer

(a) and (b)  According to information filed by the Issuer with the Securities
and Exchange Commission in its Form 10-Q for the quarter ended September 30,
2006, the number of Shares outstanding was 83,762,635 as of November 7, 2006. As
of December 11, 2006, the reporting Person may have been deemed the beneficial
owner of 4,227,525 Shares (approximately 5.5% of the total number of Shares
outstanding).

Deutsche Bank AG,London Branch                                       3,475,308
Deutsche Bank AG,London Branch (arbitrage)                             738,829
Deutsche Bank Securities Inc.                                           13,388


(c)     Transactions by the Reporting Person in the Shares effected during the
past sixty days are set forth in Schedule 2 to this Schedule 13D, which is
incorporated by reference herein.

(d)     Not applicable.

(e)     Not applicable..

Item 6.    Contracts, Arrangements, Understandings, or Relationships with
           Respect to Securities of the Issuer

        From time to time, the Reporting Persons may lend, pledge or enter into
repurchase transactions relating to portfolio securities, including the Shares,
to and with brokers, banks or other financial institutions. From time to time,
to the  extent  permitted  by applicable laws, the Reporting Person may borrow
securities, including the Shares, for the purpose of effecting, and may effect,
short  sale transactions, and may purchase securities for the purpose of closing
out short positions in such securities.

        Except as set forth above, the Reporting Persons does not have any
contracts, arrangements, understandings or relationships with respect to any
securities of the Issuer.

Item 7.    Material to be Filed as Exhibits

        Attached as Exhibit 1 to this Statement is the Joint Filing Agreement
dated December 19, 2006, between Deutsche Bank AG and Deutsche Bank Securities
Inc.





                                   SIGNATURES


        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.

Dated as of December 20, 2006





                                         DEUTSCHE BANK AG

                                         By: /s/ Jeffrey A. Ruiz
                                             --------------------------
                                             Name:  Jeffrey A. Ruiz
                                             Title: Vice President


                                         DEUTSCHE BANK AG

                                         By: /s/ Pasquale Antolino
                                             --------------------------
                                             Name:  Pasquale Antolino
                                             Title: Assistant Vice President


                                         DEUTSCHE BANK SECURITIES INC.

                                         By: /s/ Margaret Adams
                                             --------------------------
                                             Name:  Margaret Adams
                                             Title: Director


                                         DEUTSCHE BANK SECURITIES INC.

                                         By: /s/ Jeffrey A. Ruiz
                                             --------------------------
                                             Name:  Jeffrey A. Ruiz
                                             Title: Vice President





                                   Schedule 1

       Executive Officers, Directors, Controlling Persons and Trustees of
   Deutsche Bank AG and each Person Ultimately in Control of Deutsche Bank AG


        Deutsche Bank AG is organized under the laws of the Federal Republic of
Germany.  The principal business of Deutsche Bank AG is the provision of
financial and related services.  Deutsche Bank AG is the largest banking
institution in the Federal Republic of Germany and is the parent company of a
group consisting of banks, capital market and fund management companies,
mortgage banks and property finance companies, installment financing and leasing
companies, insurance companies, research and consultancy companies and other
companies.  Deutsche Bank AG is organized under the laws of the Federal Republic
of Germany, and the address of its principal place of business is Taunusanlage
12, 60325 Frankfurt, Federal Republic of Germany.

--------------------------------------------------------------------------------
Name                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYEMENT
                             BUSINESS ADDRESS
                             CITIZENSHIP
--------------------------------------------------------------------------------
Dr. Josef Ackermann          Chairman of the Group Executive Committee and
                             Member of the Board of Managing Directors,
                             Deutsche Bank AG

                             Deutsche Bank AG
                             Taunusanlage 12
                             60325 Frankfurt
                             The Federal Republic of Germany

                             Citizenship:  Swiss
--------------------------------------------------------------------------------
Dr. Tessen von Heydebreck    Member of the Board of Managing Directors,
                             Deutsche Bank AG

                             Deutsche Bank AG
                             Taunusanlage 12
                             60325 Frankfurt
                             The Federal Republic of Germany

                             Citizenship:  German
--------------------------------------------------------------------------------
Dr. Hermann-Josef Lamberti   Member of the Board of Managing Directors,
                             Deutsche Bank AG

                             Deutsche Bank AG
                             Taunusanlage 12
                             60325 Frankfurt
                             The Federal Republic of Germany

                             Citizenship:  German
---------------------------- ---------------------------------------------------
Dr. Clemens Borsig           Member of the Board of Managing Directors,
                             Deutsche Bank AG

                             Deutsche Bank AG
                             Taunusanlage 12
                             60325 Frankfurt
                             The Federal Republic of Germany

                             Citizenship:  German
---------------------------- ---------------------------------------------------





       Executive Officers, Directors, Controlling Persons and Trustees of
                         Deutsche Bank Securities Inc.

        Deutsche Bank Securities Inc. (DBSI) is registered with the SEC as a
broker-dealer and is a member of the NASD, SIPC, NYSE, and a number of other
securities self-regulatory organizations. In addition, DBSI is registered with
the CFTC as a futures commission merchant and is a member of the NFA, CME, and
several other futures self-regulatory organizations. DBSI is headquartered in
New York City and offers a full range of broker-dealer services, including sales
and trading expertise in equity and fixed income securities, derivatives and
structured products, portfolio trading, prime brokerage services, and research.
DBSI also assists investment banking clients with public and private offerings
in the equity and debt capital markets, and provides advisory services
in strategic areas such as mergers, acquisitions, and corporate restructurings.

--------------------------------------------------------------------------------
Name                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYEMENT
                             BUSINESS ADDRESS
                             CITIZENSHIP
--------------------------------------------------------------------------------
Mr. Seth Waugh               Member of the Board of Directors, Chairman,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  US
--------------------------------------------------------------------------------
Mr. Stuart Clarke            Member of the Board of Directors,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  UK-British
--------------------------------------------------------------------------------
Mr. Thomas Gahan             Member of the Board of Directors,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  US
--------------------------------------------------------------------------------
Mr. Robert Karofsky          Member of the Board of Directors,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  US
--------------------------------------------------------------------------------
Mr. Mark Pfeffer             Member of the Board of Directors,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  US
--------------------------------------------------------------------------------
Mr. Philip Weingord          Member of the Board of Directors,
                             Deutsche Bank Securities

                             60 Wall Street
                             New York, New York, 10005

                             Citizenship:  US
--------------------------------------------------------------------------------





                        Schedule 2 - 60 Day Trade History
                                Deutsche Bank AG

DATE            BUY/SELL             QTY                  PRICE
--------------------------------------------------------------------------------
10/13/06        BUY                  706                  43.69
--------------------------------------------------------------------------------
10/16/06        BUY                  39,100               43.75
--------------------------------------------------------------------------------
10/17/06        BUY                  52,060               43.64
--------------------------------------------------------------------------------
10/17/06        BUY                  12,000               43.71
--------------------------------------------------------------------------------
10/19/06        BUY                  17,800               43.61
--------------------------------------------------------------------------------
10/20/06        BUY                  32,700               43.56
--------------------------------------------------------------------------------
10/23/06        BUY                  13                   43.69
--------------------------------------------------------------------------------
10/23/06        BUY                  13                   43.69
--------------------------------------------------------------------------------
10/24/06        SELL                 2                    43.84
--------------------------------------------------------------------------------
10/24/06        SELL                 2                    43.84
--------------------------------------------------------------------------------
10/24/06        BUY                  6,700                43.78
--------------------------------------------------------------------------------
10/25/06        BUY                  23                   43.99
--------------------------------------------------------------------------------
10/25/06        SELL                 17                   43.95
--------------------------------------------------------------------------------
10/25/06        BUY                  23                   43.99
--------------------------------------------------------------------------------
10/25/06        SELL                 17                   43.95
--------------------------------------------------------------------------------
10/25/06        BUY                  400,000              43.92
--------------------------------------------------------------------------------
10/26/06        SELL                 4                    43.92
--------------------------------------------------------------------------------
10/26/06        SELL                 4                    43.92
--------------------------------------------------------------------------------
10/27/06        SELL                 12                   44.10
--------------------------------------------------------------------------------
10/27/06        SELL                 12                   44.10
--------------------------------------------------------------------------------
10/30/06        BUY                  66                   43.85
--------------------------------------------------------------------------------
10/30/06        BUY                  66                   43.85
--------------------------------------------------------------------------------
10/30/06        BUY                  405,900              43.99
--------------------------------------------------------------------------------
10/31/06        SELL                 121                  43.96
--------------------------------------------------------------------------------
10/31/06        SELL                 11                   44.02
--------------------------------------------------------------------------------
10/31/06        SELL                 121                  43.96
--------------------------------------------------------------------------------
10/31/06        SELL                 11                   44.02
--------------------------------------------------------------------------------
11/01/06        SELL                 209                  44.12
--------------------------------------------------------------------------------
11/01/06        BUY                  12                   44.17
--------------------------------------------------------------------------------
11/01/06        BUY                  12                   44.17
--------------------------------------------------------------------------------
11/02/06        SELL                 10,231               43.97
--------------------------------------------------------------------------------
11/03/06        BUY                  16                   43.62
--------------------------------------------------------------------------------
11/03/06        BUY                  16                   43.62
--------------------------------------------------------------------------------
11/03/06        BUY                  3,140                43.59
--------------------------------------------------------------------------------
11/07/06        BUY                  100,000              43.56
--------------------------------------------------------------------------------
11/09/06        SELL                 28                   43.87
--------------------------------------------------------------------------------
11/09/06        SELL                 28                   43.87
--------------------------------------------------------------------------------
11/09/06        BUY                  8,800                43.57
--------------------------------------------------------------------------------
11/09/06        BUY                  8,800                43.57
--------------------------------------------------------------------------------
11/10/06        BUY                  4                    44.05
--------------------------------------------------------------------------------
11/10/06        BUY                  49                   44.06
--------------------------------------------------------------------------------
11/10/06        SELL                 1                    43.93
--------------------------------------------------------------------------------
11/10/06        SELL                 1                    43.93
--------------------------------------------------------------------------------
11/10/06        SELL                 8,800                43.57
--------------------------------------------------------------------------------
11/10/06        BUY                  14,400               43.98
--------------------------------------------------------------------------------
11/10/06        BUY                  236,300              44.12
--------------------------------------------------------------------------------
11/10/06        BUY                  84,000               43.94
--------------------------------------------------------------------------------
11/13/06        BUY                  46                   44.17
--------------------------------------------------------------------------------
11/13/06        BUY                  140                  44.26
--------------------------------------------------------------------------------
11/13/06        BUY                  113                  44.14
--------------------------------------------------------------------------------
11/13/06        BUY                  113                  44.14
--------------------------------------------------------------------------------
11/14/06        BUY                  205                  44.66
--------------------------------------------------------------------------------
11/14/06        BUY                  12,300               44.73
--------------------------------------------------------------------------------
11/15/06        SELL                 221                  44.63
--------------------------------------------------------------------------------
11/15/06        BUY                  106                  44.62
--------------------------------------------------------------------------------
11/16/06        BUY                  685                  47.98
--------------------------------------------------------------------------------
11/16/06        BUY                  649                  47.98
--------------------------------------------------------------------------------
11/16/06        BUY                  649                  47.98
--------------------------------------------------------------------------------
11/16/06        BUY                  100,000              47.82
--------------------------------------------------------------------------------
11/16/06        SELL                 26,000               46.85
--------------------------------------------------------------------------------
11/16/06        SELL                 17,600               47.82
--------------------------------------------------------------------------------
11/16/06        SELL                 36,000               47.89
--------------------------------------------------------------------------------
11/17/06        SELL                 264                  48.22
--------------------------------------------------------------------------------
11/17/06        SELL                 266                  48.22
--------------------------------------------------------------------------------
11/17/06        SELL                 266                  48.22
--------------------------------------------------------------------------------
11/17/06        SELL                 650,000              48.22
--------------------------------------------------------------------------------
11/17/06        BUY                  225,000              47.93
--------------------------------------------------------------------------------
11/20/06        SELL                 118,300              48.47
--------------------------------------------------------------------------------
11/20/06        BUY                  24                   48.40
--------------------------------------------------------------------------------
11/20/06        SELL                 70                   48.30
--------------------------------------------------------------------------------
11/20/06        BUY                  24                   48.40
--------------------------------------------------------------------------------
11/20/06        SELL                 84                   48.35
--------------------------------------------------------------------------------
11/21/06        SELL                 74,600               48.83
--------------------------------------------------------------------------------
11/21/06        BUY                  39                   48.72
--------------------------------------------------------------------------------
11/21/06        SELL                 77                   48.37
--------------------------------------------------------------------------------
11/21/06        BUY                  39                   48.72
--------------------------------------------------------------------------------
11/22/06        SELL                 190,000              48.85
--------------------------------------------------------------------------------
11/22/06        BUY                  40                   48.85
--------------------------------------------------------------------------------
11/24/06        SELL                 67,100               48.89
--------------------------------------------------------------------------------
11/24/06        SELL                 74                   48.38
--------------------------------------------------------------------------------
11/27/06        BUY                  18                   48.86
--------------------------------------------------------------------------------
11/27/06        SELL                 18,100               49.05
--------------------------------------------------------------------------------
11/28/06        BUY                  50,000               48.92
--------------------------------------------------------------------------------
11/28/06        SELL                 50,000               49.07
--------------------------------------------------------------------------------
11/29/06        SELL                 110                  49.60
--------------------------------------------------------------------------------
11/29/06        BUY                  50,000               49.54
--------------------------------------------------------------------------------
11/29/06        SELL                 46,400               49.77
--------------------------------------------------------------------------------
12/01/06        SELL                 9,600                48.41
--------------------------------------------------------------------------------
12/01/06        BUY                  6                    48.38
--------------------------------------------------------------------------------
12/01/06        SELL                 31,900               48.45
--------------------------------------------------------------------------------
12/01/06        SELL                 6,800                48.44
--------------------------------------------------------------------------------
12/04/06        SELL                 100,000              45.46
--------------------------------------------------------------------------------
12/06/06        SELL                 74                   45.44
--------------------------------------------------------------------------------
12/07/06        BUY                  300,000              45.65
--------------------------------------------------------------------------------
12/07/06        SELL                 100,000              45.90
--------------------------------------------------------------------------------
12/07/06        BUY                  283,469              45.65
--------------------------------------------------------------------------------
12/08/06        BUY                  200,000              45.90
--------------------------------------------------------------------------------
12/08/06        BUY                  65,800               45.85
--------------------------------------------------------------------------------
12/08/06        SELL                 250,000              45.73
--------------------------------------------------------------------------------
12/08/06        BUY                  534,800              45.56
--------------------------------------------------------------------------------
12/08/06        BUY                  882,000              45.90
--------------------------------------------------------------------------------
12/11/06        BUY                  100,000              46.04
--------------------------------------------------------------------------------
12/12/06        SELL                 35,023               46.15
--------------------------------------------------------------------------------
12/13/06        SELL                 78                   46.04
--------------------------------------------------------------------------------
12/13/06        BUY                  25,000               46.12
--------------------------------------------------------------------------------





                                                                       EXHIBIT 1

                             JOINT FILING AGREEMENT


        In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint filing of
a Statement on Schedule 13D (including amendments thereto) with respect to the
Common Stock, of Reckson Associates Realty Corporation and further agrees that
this Joint Filing Agreement be included as an exhibit to such filings provided
that, as contemplated by Section 13d-1(k)(ii), no person shall be responsible
for the completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that such
information is inaccurate. This Joint Filing Agreement may be executed in any
number of counterparts, all of which together shall constitute one and the same
instrument.

Dated as of December 20, 2006





                                         DEUTSCHE BANK AG

                                         By: /s/ Jeffrey A. Ruiz
                                             --------------------------
                                             Name:  Jeffrey A. Ruiz
                                             Title: Vice President


                                         DEUTSCHE BANK AG

                                         By: /s/ Pasquale Antolino
                                             --------------------------
                                             Name:  Pasquale Antolino
                                             Title: Assistant Vice President


                                         DEUTSCHE BANK SECURITIES INC.

                                         By: /s/ Margaret Adams
                                             --------------------------
                                             Name:  Margaret Adams
                                             Title: Director


                                         DEUTSCHE BANK SECURITIES INC.

                                         By: /s/ Jeffrey A. Ruiz
                                             --------------------------
                                             Name:  Jeffrey A. Ruiz
                                             Title: Vice President