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.( SOURCE: http://tinyurl.com/3dqlc5 )
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