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Capital Automotive to Release Third Quarter Financial Results on Tuesday, October 24

19 October 2000

Capital Automotive to Release Third Quarter Financial Results on Tuesday, October 24

    MCLEAN, Va., Oct. 19 Capital Automotive REIT
announced today that it intends to release financial results
for the third quarter 2000 before the market opens on Tuesday October 24,
2000.  Management will conduct a live audio webcast of its earnings conference
call on Tuesday, October 24, 2000 at 11:00 a.m. EST to review the Company's
quarterly results, market trends and future outlook.
    The webcast 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 streaming
media 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, 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 web site 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 web site 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 the Company's tenants will not
pay rent or that the Company's operating costs may be higher than expected,
risks of interest rate fluctuations impacting future acquisitions, risks that
additional acquisitions may not be consummated, environmental and other risks
associated with the acquisition and leasing of automotive properties 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.