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Capital Automotive's Thomas D. Eckert and David S. Kay Named National Finalists for the 2003 Ernst & Young Entrepreneur of the Year(R) Award MCLEAN, Va., Dec. 1 /PRNewswire-FirstCall/ -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate today announced that two of its founders, Thomas D. Eckert, President & Chief Executive Officer and David S. Kay, Senior Vice President, Chief Financial Officer & Treasurer, were named national finalists for the 2003 Ernst & Young Entrepreneurs of the Year(R) award in the Real Estate, Construction & Hospitality category. Mr. Eckert and Mr. Kay were selected from over 400 regional award recipients by an independent panel of judges and recognized at the annual Ernst & Young Entrepreneur of the Year awards gala held on Saturday, November 22, 2003 in Palm Springs, California. Mr. Eckert and Mr. Kay were named the Entrepreneurs of the Year for the Greater Washington area back in June of this year. 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/. Contact Information David S. Kay Senior Vice President and Chief Financial Officer Capital Automotive REIT 703.394.1302 DATASOURCE: Capital Automotive REIT CONTACT: David S. Kay, Senior Vice President and Chief Financial Officer of Capital Automotive REIT, +1-703-394-1302 Web site: http://www.capitalautomotive.com/

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