Capital Automotive REIT Appoints Weaver V P-General Counsel
9 September 1998
Capital Automotive REIT Announces Appointment of John Weaver As Vice President-General CounselMCLEAN, Va., Sept. 9 -- Capital Automotive REIT today announced that John McElhinney Weaver has been named Vice President-General Counsel. Mr. Weaver report's directly to Thomas D. Eckert, president and chief executive officer, and is responsible for internal legal affairs and the engagement and supervision of legal work performed by outside counsel. Mr. Weaver, 39, joined Capital Automotive from Shaw, Pittman, Potts & Trowbridge, a 250-attorney, Washington, D.C.-based law firm where he was a partner concentrating on all aspects of real estate law and transactional matters. As a member of Shaw Pittman's Real Estate Group, nationally recognized for its work with REITs, Mr. Weaver focused primarily on real estate developers, investors and lenders. Since joining Shaw Pittman in 1991, Mr. Weaver had been involved in a number of acquisitions and financings within the REIT sector. Prior to joining Shaw Pittman, Mr. Weaver had been an associate attorney with Hazel & Thomas, P.C., Northern Virginia's largest law firm. Thomas D. Eckert, president and chief executive officer of Capital Automotive REIT, stated, "Complementary to our goal of attracting the highest quality dealers to our growing property network, we have been aggressive in recruiting the highest quality professionals. John is a perfect example of this strategy. His extensive experience within the real estate sector, particularly his work on REITs and transactional business, will undoubtedly be an asset as we continue our aggressive acquisition program. We welcome John to the Capital Automotive team and look forward to his contributions." Mr. Weaver earned his J.D. Degree from Cornell Law School, his B.A. cum laude in Political Science from Middlebury College. Capital Automotive REIT, headquartered in McLean, Virginia, 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 motor vehicle dealerships and motor vehicle related business. The matters discussed in this press release include forward-looking statements. In addition, when used in this press release, the words "intends to," "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the general economic climate, the supply and demand for automotive properties, interest rate levels, the availability of financing, and other risks associated with the acquisition and leasing of properties, including risks that the tenants will not pay rent or that operating costs may be greater than anticipated and the other risk factors set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.