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Strategic Hotels & Resorts, Inc. (NYSE: BEE) will replace Reckson
Associates Realty Corp. (NYSE: RA) in the S&P REIT Composite after the
close of trading on Thursday, January 25. Reckson is being acquired by
S&P REIT Composite constituent SL Green Realty Corp. (NYSE: SLG) in a
deal expected to close on or about that date, pending final approvals.

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