X0202 4 2005-12-16 0 0001049316 CAPITAL AUTOMOTIVE REIT CARS 0001228463 KAY DAVID B 8270 GREENSBORO DR. MCLEAN VA 22102 0 0 0 1 Trustee Common Shares of Beneficial Interest 2005-12-16 4 M 0 15000 38.75 A 0 D Common Shares of Beneficial Interest 2005-12-16 4 M 0 693 38.75 A 0 D Common Shares of Beneficial Interest 2005-12-16 4 U 0 15693 38.75 D 0 D Options for Common Shares of Beneficial Interest 33.90 2005-12-16 4 M 0 15000 D Common Shares of Beneficial Interest 15000 0 D Phantom Shares 2005-12-16 4 M 0 693 D Common Shares of Beneficial Interest 693 0 D These options have vested and expired because of a change of control event as required by the Trustee Formula Option stipulated in the Capital Automotive Group Second Amended and Restated 1998 Equity Incentive Plan. These options had an exercise price of $33.90. These phantom shares that were earned under the Capital Automotive Deferred Compensation and Stock Plan for Trustees, as amended, have vested because a change of control transaction has occurred. These Phantom Shares had a variety of purchase prices as shown below: 258--Purchase Price of $39.80 4--Purchase Price $35.24 422--Purchase Price of $38.59 9--Purchase Price of $38.44 These shares were disposed of pursuant to the consummation of the merger between Capital Automotive REIT and entities affiliated with DRA Advisors LLC. This total amount of common shares includes the options and phantom shares referenced above, 15,000 and 693 respectively, that vested upon the change of control transaction. /s/ Catherine Potter POA for David B. Kay 2005-12-19