Capital Automotive Fourth Quarter 2002 Earnings And Conference Call Scheduled for February 4, 2003

    MCLEAN, Va., Jan. 20 /PRNewswire-FirstCall/ -- Capital Automotive REIT
, the nation's leading specialty finance company for automotive
retail real estate, announced today that it will release fourth quarter 2002
earnings before the market opens on Tuesday, February 4, 2003.  Management
will conduct a live audio webcast of its earnings conference call at 11:00
a.m. Eastern Time that same day to review the Company's quarterly results,
market trends and future outlook.

    The webcast of the conference call will be available to the public, on a
listen-only basis, on the Company's Web site at
http://www.capitalautomotive.com .  Please allow extra time prior to the call
to visit the site and download the necessary software required to listen to
the Internet broadcast.  A replay of the webcast will be available for 15 days
following the call.

    Capital Automotive, headquartered in McLean, Virginia, is a self-
administered, self-managed real estate investment trust that acquires 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 Web site at
http://www.capitalautomotive.com .

     Contact Information:
     David S. Kay
     Senior Vice President and Chief Financial Officer
     Capital Automotive REIT
     703-394-1302