Capital Automotive REIT (CARS). Message Board

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Strategies & Market Trends : Capital Automotive REIT (CARS).

CARS 10.74

+1.2%

Oct 31 9:30 AM EST

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To: Paul Lee who wrote ()	6/5/1998 11:20:00 AM
From: Paul Lee	of 46

Capital Automotive REIT Named Best Real Estate Deal by the Washington Business Journal MCLEAN, Va., June 5 /PRNewswire/ -- Capital Automotive REIT (Nasdaq: CARS) today announced it was the recipient of the Washington Business Journal's "Best Deal with Existing Real Estate/Retail" at the publication's Best Real Estate Deals of the Year award dinner, held at the Ronald Reagan Building & International Trade Center on Thursday, January 4th. The event was in celebration of the best real estate deals in 1997 for the greater Washington area. Thomas D. Eckert, president and chief executive officer, stated "We are delighted to have received this honor by the Washington Business Journal for the best deal with existing real estate for the greater Washington region. This award is in recognition of the creative application of the REIT concept to automotive retail properties, the tireless efforts of our employees, and the confidence of our shareholders. We are extremely pleased with our performance thus far, and as the only publicly traded REIT to focus on automotive property, and we look forward to continued success through our aggressive acquisition program."

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