Capital Automotive LLC Declares Quarterly Preferred Unit Distributions

MCLEAN, Va., May 5, 2008 -- Capital Automotive LLC (the "Company"), the nation's leading specialty finance company for automotive retail real estate, today announced that its Board of Managers has declared a dividend for the period commencing February 1, 2008 and ending April 30, 2008 of $0.46875 per Series A Cumulative Redeemable Preferred Unit of the Company, payable on May 15, 2008 to holders of record as of May 1, 2008.

The Board of Managers has also declared a dividend for the period commencing February 1, 2008 and ending April 30, 2008 of $0.50 per Series B Cumulative Redeemable Preferred Unit of the Company, payable on May 15, 2008 to holders of record as of May 1, 2008.

About Capital Automotive

Capital Automotive, headquartered in McLean, Virginia, is a Delaware limited liability company. 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 CAPITAL AUTOMOTIVE.