Capital Automotive Third Quarter 2005 Earnings Release Scheduled for October 27, 2005

MCLEAN, Va., Oct. 20, 2005 -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, announced today that it will release third quarter 2005 earnings before the market opens on Thursday, October 27, 2005. Management will not be conducting an earnings conference call.

About Capital Automotive

Capital Automotive, headquartered in McLean, Virginia, is a self- administered, self-managed real estate investment trust. The Company's primary strategy is to acquire real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses. Additional information on Capital Automotive is available on the Company's Website at http://www.capitalautomotive.com/.

  Contact Information
   David S. Kay
   Senior Vice President, Chief Financial Officer and Treasurer
   Capital Automotive REIT
   703.394.1302