Capital Automotive Named One of the Top 125 Largest Public Companies in Washington, D.C. Metro Area

    MCLEAN, Va., May 1 Capital Automotive REIT ,
the nation's leading specialty finance company for automotive retail real
estate, today announced it was named by the Washington Post to its list of the
Top 125 largest public companies in the Washington D.C. Metro area.  The Top
125 are ranked by revenue as reported for the last fiscal year.  Capital
Automotive was ranked 89 on the list with $103.2 million in revenue and
18 employees.  Capital Automotive, founded in 1997, was ranked 98 on the list
in 1999.
    Thomas D. Eckert, President and Chief Executive Officer, stated, "We are
delighted to be named to this distinguished list of public companies in
Washington for the second straight year.  This accomplishment underscores the
validity of our business model as well as the dedication and tireless efforts
of our employees."
    Capital Automotive, headquartered in McLean, Va., is a self-administered,
self-managed real estate investment trust formed to acquire the 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 .
    To receive Capital Automotive's latest news and corporate developments via
fax at no cost, please call 1-800-PRO-INFO; use Company code CARS or visit The
Financial Relations Board's website at http://www.frbinc.com .

    Certain matters discussed within this press release are forward-looking
statements within the meaning of the federal securities laws. Although the
Company believes that the expectations reflected in the forward-looking
statements are based upon reasonable assumptions, the Company's future
operations will depend on a number of factors that may differ, some
materially, from the Company's assumptions. These factors, which could cause
the Company's actual results to differ materially from those set forth in the
forward-looking statements, include risks that our growth will be limited if
we cannot obtain additional capital; risks of financing, such as the ability
to meet existing financial covenants and our ability to consummate additional
financings on terms which are acceptable to us; risks that the Company's
tenants will not pay rent or that the Company's operating costs will be higher
than expected; risks that additional acquisitions may not be consummated;
risks related to the automotive industry, such as the ability of our tenants
to compete effectively in the automotive retail industry and the ability of
our tenants to perform their lease obligations as a result of changes in
manufacturer's production, inventory, marketing or other practices;
environmental and other risks associated with the acquisition and leasing of
automotive properties; risks related to the Company's status as a REIT for
federal income tax purposes, such as the existence of complex regulations
relating to the Company's status as a REIT, the effect of future changes in
REIT requirements as a result of new legislation and the adverse consequences
of the failure to qualify as a REIT; and those risks detailed from time to
time in the Company's SEC reports, including its annual report on Form 10-K
and its quarterly reports on Form 10-Q.  The Company makes no promise to
update any of the forward-looking statements, or to publicly release the
results if the Company revises any of them.

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