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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. Three)*
Reckson Associates Realty Corporation
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(Name of Issuer)
Class B Exchangeable Common Stock
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(Title of Class of Securities)
75621K304
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(CUSIP Number)
December 31, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ]Rule 13d-1(b)
[ ]Rule 13d-1(c)
[x]Rule 13d-1(d)
*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 the disclosures provided
in a prior cover page.
The information required in 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).
Page 1
CUSIP No. 75621K304
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Heitman/PRA Securities Advisors LLC
36-4265577
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / /
(b) /X/
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power
Number of 8,500
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Shares 6. Shared Voting Power
Beneficially 0
Owned by
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Each Reporting 7. Sole Dispositive Power
Person With 8,500
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8. Shared Dispositive Power
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
8,500
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
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11. Percent of Class Represented by Amount in Row (9)
0.08%
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12. Type of Reporting Person (See Instructions)
IA
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Page 2
Item 1.
(a) Name of Issuer
Reckson Associates Realty Corporation
(b) Address of Issuer's Principal Executive Offices
225 Broadhollow Road
Melville, New York 11747
Item 2.
(a) Name of Person Filing
Heitman/PRA Securities Advisors LLC
(b) Address of Principal Business Office or, if none,
Residence
180 North LaSalle Street, Suite 3600
Chicago, Illinois 60601
(c) Citizenship
Delaware
(d) Title of Class of Securities
Class B Exchangeable Common Stock
(e) CUSIP Number
75621K304
Item 3. If this statement is filed pursuant to 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing
is a:
(e) [x] An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);
Item 4. Ownership.
(a) Amount beneficially owned: 8,500
(b) Percent of class: 0.08%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the
vote: 8,500
(ii) Shared power to vote or to direct
the vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 8,500
(iv) Shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [x].
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company
Not applicable
Item 8. Identification and Classification of Members of the
Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
SIGNATURE
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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.
January 11, 2002
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Date
/s/ Nancy B. Lynn
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Signature
Vice President
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Name/Title