Capital Automotive to Present at the Credit Suisse First Boston 2004 REIT Conference

MCLEAN, Va., Jan. 26, 2004 -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, announced today that its Senior Vice President, CFO and Treasurer, David Kay, is scheduled to present to the investment community at the Credit Suisse First Boston 2004 REIT Conference on Tuesday, January 27, 2004 at 10:30 a.m. EST. A copy of the presentation will be posted to the Investor Relations section of the company's website at www.capitalautomotive.com.

About Capital Automotive

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 Website at http://www.capitalautomotive.com/.