Tender Offers for Capital Automotive LLC's 7 1/2% Series A Cumulative Redeemable Preferred Units and 8% Series B Cumulative Redeemable Preferred Units Expire and Units Accepted for Payment

MCLEAN, Va., Feb. 14, 2006 -- Capital Automotive LLC (the "Company"), the nation's leading specialty finance company for automotive retail real estate, today announced that the Company's previously announced cash tender offers for any and all of its outstanding 7 1/2% Series A Cumulative Redeemable Preferred Units (CUSIP No. 139733 11 7) (the "Series A LLC interests") and 8% Series B Cumulative Redeemable Preferred Units (CUSIP No. 139733 30 7) (the "Series B LLC interests" and together with the Series A LLC interests, the "LLC interests") expired at 5:00 p.m., New York City time, on February 13, 2006 (the "Expiration Time"). The Company has received 3,797,764 units of validly tendered Series A LLC interests from holders, or approximately 96% of the outstanding Series A LLC interests. In addition, the Company has received 2,325,283 units of validly tendered Series B LLC interests from holders, or approximately 89% of the outstanding Series B LLC interests. All LLC interests validly tendered and not validly withdrawn pursuant to the tender offers have been accepted for payment. Payment for the LLC interests tendered pursuant to the tender offers will occur on or about Wednesday, February 15, 2006, and will include a partial distribution for distributions accrued between January 31, 2006 and the Expiration Time to holders whose LLC interests are tendered in response to the tender offers and not withdrawn.

The Company has retained Wachovia Securities to act as the exclusive Dealer Manager in connection with the tender offers. For additional information regarding the tender offers, contact Wachovia Securities at (866) 309-6316 (US Toll Free) or (704) 715-8341 (collect).

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 http://www.capitalautomotive.com/.

  Contact Information

  David S. Kay
  Senior Vice President, Chief Financial Officer and Treasurer
  Capital Automotive Real Estate Services, Inc.
  703.394.1302