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<P align="right"><FONT size="2">File No. ________
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<P align="center"><FONT size="2">As filed with the Securities and Exchange Commission on December&nbsp;16, 2002.</FONT>
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<P align="center"><FONT size="2">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549
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<P align="center"><FONT size="2"><B>FORM S-8</B>
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<P align="center"><FONT size="2">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933
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<P align="center"><FONT size="2"><B>CAPITAL AUTOMOTIVE REIT</B><BR>
(Exact Name of Registrant as Specified in Its Charter)
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    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
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    <TD align="center" valign="top"><FONT size="2">Maryland<BR>
(State or Other Jurisdiction<BR>
of Incorporation or Organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
54-1870224<BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
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<P align="center"><FONT size="2">8270 Greensboro Drive, Suite&nbsp;950, McLean, Virginia 22102<BR>
(Address of Principal Executive Offices)
</FONT>
<P align="center"><FONT size="2"><B>CAPITAL AUTOMOTIVE GROUP<BR>
SECOND AMENDED AND RESTATED 1998 EQUITY INCENTIVE PLAN</B><BR>
( Full Title of the Plan)
</FONT>
<P align="center"><FONT size="2">Thomas D. Eckert<BR>
President and Chief Executive Officer<BR>
Capital Automotive REIT<BR>
8270 Greensboro Drive, Suite&nbsp;950<BR>
McLean, Virginia 22102<BR>
(Name and Address of Agent for Service)
</FONT>
<P align="center"><FONT size="2">(703)&nbsp;288-3075<BR>
(Telephone Number, Including Area Code, of Agent for Service)
</FONT>
<P align="center"><FONT size="2">Copies to:<BR>
Sylvia M. Mahaffey, Esq.<BR>
Shaw Pittman LLP<BR>
2300 N Street, N.W.<BR>
Washington, D.C. 20037
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<P align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE
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<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
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    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
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<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Proposed Maximum</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Proposed Maximum</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
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<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1">Title of Securities</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Amount to be</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Offering Price</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Aggregate Offering</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Amount of</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1">to be Registered</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Registered (1)(3)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Per Share (2)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Price (2)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1">Registration Fee(3)</FONT></TD>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
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    <TD colspan="3"><HR size="1" noshade></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, $.01<br>
par value per share</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="center"><FONT size="2">1,300,000 shares</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">24.69</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">32,097,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">2,952.92</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
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        <TD width="100%"><FONT size="2">(1) Also registered hereunder are such additional number of Common Shares
of Beneficial Interest (&#147;Common Shares&#148;), presently indeterminable, as may be
necessary to satisfy the antidilution provisions of the Plan to which this
Registration Statement relates.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="top">
        <TD width="100%"><FONT size="2">(2) Estimated solely for the purpose of computing the registration fee in
accordance with Rule&nbsp;457(c), based on the average of the high and low sales
price on December&nbsp;11, 2002, as reported by the Nasdaq National Market.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="top">
        <TD width="100%"><FONT size="2">(3) 3,771,344 of the Registrant&#146;s Common Shares have previously been
registered with the Securities and Exchange Commission pursuant to an effective
Registration Statement on Form&nbsp;S-8 (No.&nbsp;333-78215). The amount of the
registration fee, therefore, relates to only those additional 1,300,000 Common
Shares being registered pursuant hereto.</FONT></TD>
</TR>
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<P align="center"><FONT size="2"><B>INTRODUCTORY STATEMENT NOT FORMING PART OF PROSPECTUS</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This registration statement relates to the registration of additional
shares of the same class as other securities for which a registration statement
filed on this form relating to the Capital Automotive Group Amended 1998 Equity
Incentive Plan is effective (No.&nbsp;333-78215). The contents of registration
statement No.&nbsp;333-78215 are hereby incorporated by reference.
</FONT>
<P align="center"><FONT size="2"><B>NOTICE REGARDING CHANGE IN INDEPENDENT ACCOUNTANTS</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;24, 2002, Capital Automotive REIT, a Maryland real estate
investment trust (the &#147;Registrant&#148; or the &#147;Company&#148;) announced that it had
appointed Ernst &#038; Young LLP to replace Arthur Andersen LLP as the Company&#146;s
independent accountants. Arthur Andersen LLP served as the Company&#146;s
independent accountants since its organization in October 1997 and audited the
Company&#146;s annual financial statements for each of its fiscal years ended
December&nbsp;31, 1997 through December&nbsp;31, 2001.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to effectuate the Company&#146;s ability to raise capital in the
future, Ernst &#038; Young LLP, at the request of the Company, has re-audited the
Company&#146;s financial statements for the fiscal years ended December&nbsp;31, 2001 and
2000. These financial statements, along with the Company&#146;s financial
statements for the fiscal year ended December&nbsp;31, 1999 audited by Arthur
Andersen LLP, are contained in a Form&nbsp;8-K filed with the Securities and
Exchange Commission (the &#147;SEC&#148;) on December&nbsp;16, 2002, referred to as the
Re-audit<br> Form 8-K. The Re-audit Form&nbsp;8-K is incorporated by reference in this
registration statement, and you should review the financial statements included
in the Re-audit Form&nbsp;8-K for financial information about the Company for its
fiscal years ended December&nbsp;31, 2001, 2000 and 1999.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, pursuant to the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;) and the rules promulgated thereunder, the Company is required
to, and has incorporated into this registration statement on Form&nbsp;S-8 its Form
10-K for the year ended December&nbsp;31, 2001, referred to as its 2001 Form&nbsp;10-K.
Although the 2001 Form&nbsp;10-K contains the Company&#146;s financial statements for
each of its fiscal years ended December&nbsp;31, 2001, 2000 and 1999, all of which
were audited by Arthur Andersen LLP, you should rely on the Re-audit Form&nbsp;8-K
for these financial statements.
</FONT>
<P align="center"><FONT size="2"><B>NOTICE REGARDING ARTHUR ANDERSEN LLP</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;11(a) of the Securities Act provides that if any part of a
registration statement at the time it becomes effective contains an untrue
statement of a material fact or an omission to state a material fact required
to be stated therein or necessary to make the statements therein not
misleading, any person acquiring a security pursuant to the registration
statement (unless it is proved that at the time of the acquisition the person
knew of the untruth or omission) may sue, among others, every accountant who
has consented to be named as having prepared or certified any part of the
registration statement or as having prepared or certified any report or
valuation which is used in connection with the registration statement with
respect to the statement in the
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<P><FONT size="2">registration statement, report or valuation which purports to have been
prepared or certified by the accountant.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to the date of the filing of this registration statement with the
SEC, the Arthur Andersen LLP partners who reviewed the Company&#146;s audited
financial statements contained in the 2001 Form&nbsp;10-K and the Re-audit Form&nbsp;8-K
resigned from Arthur Andersen LLP and Arthur Andersen LLP was convicted for
obstruction of justice and elected to cease practicing before the SEC in August
2002. As a result, after reasonable efforts, the Company has been unable to
obtain Arthur Andersen LLP&#146;s written consent to the incorporation by reference
into this registration statement of its audit reports with respect to the
Company&#146;s financial statements contained in the 2001 Form&nbsp;10-K and the Re-audit
Form&nbsp;8-K.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under these circumstances, Rule&nbsp;437a under the Securities Act permits the
Company to file this registration statement without a written consent from
Arthur Andersen LLP. Accordingly, Arthur Andersen LLP will not be liable to
persons acquiring the Company&#146;s common shares of beneficial interest registered
pursuant to this registration statement under Section&nbsp;11(a) of the Securities
Act because it has not consented to being named as an expert in the
registration statement.
</FONT>
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<P align="center"><FONT size="2"><B>PART I</B>
</FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Note:</I> The document(s) containing the information required by Item&nbsp;1 of
Form&nbsp;S-8 and the statement of availability of registrant information and any
other information required by Item&nbsp;2 of Form&nbsp;S-8 will be sent or given to
participants as specified by Rule&nbsp;428 under the Securities Act. In accordance
with Rule&nbsp;428 and the requirements of Part I of Form&nbsp;S-8, such documents are
not being filed with the SEC either as part of this Registration Statement or
as prospectuses or prospectus supplements pursuant to Rule&nbsp;424 under the
Securities Act. The Registrant shall maintain a file of such documents in
accordance with the provisions of Rule&nbsp;428. Upon request, the Registrant shall
furnish the SEC or its staff a copy or copies of all of the documents included
in such file.
</FONT>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</FONT>

<P align="left"><FONT size="2"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, which are on file with the SEC are incorporated
herein by reference and made a part hereof:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Registration Statement on Form&nbsp;S-8 filed on May
11, 1999 (File No.&nbsp;333-78215).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year
ended December&nbsp;31, 2001 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended March&nbsp;31, 2002 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">4)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended June&nbsp;30, 2002 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">5)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended September&nbsp;30, 2002 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">6)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The description of the Company&#146;s common shares of beneficial
interest contained in the Registration Statement on Form&nbsp;8-A filed
with the SEC on February&nbsp;5, 1998 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">7)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Current Report on Form&nbsp;8-K filed with the SEC
on December&nbsp;16, 2002 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">8)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Current Report on Form&nbsp;8-K filed with the SEC
on May&nbsp;24, 2002 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
</TABLE>
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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">9)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Company&#146;s Current Report on Form&nbsp;8-K/A filed with the SEC
on January&nbsp;22, 2002, amending Forms 8-K/A filed with the SEC on
January&nbsp;19, 2001 and 2000 and a Form&nbsp;8-K filed with SEC on February
26, 1999 (File No.&nbsp;000-23733).</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities and Exchange Act of 1934, as
amended, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which de-registers all securities then
remaining unsold shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of filing of such reports and documents.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;4. Description of Securities.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;6. Indemnification.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our declaration of trust and bylaws authorize us to indemnify our present
and former trustees and officers and to pay or reimburse expenses for such
individuals in advance of the final disposition of a proceeding to the maximum
extent permitted from time to time under Maryland law. The Maryland General
Corporation Law, as applicable to Maryland real estate investment trusts,
currently provides that indemnification of a person who is a party, or
threatened to be made a party, to legal proceedings by reason of the fact that
such a person is or was a trustee, officer, employee or agent of a corporation,
or is or was serving as a trustee, officer, employee or agent of a corporation
or other firm at the request of a corporation, against judgments, fines,
penalties, amounts paid in settlement and reasonable expenses, is mandatory in
certain circumstances and permissive in others, subject to authorization by the
board of trustees, a committee of the board of trustees consisting of two or
more trustees not parties to the proceeding (if there does not exist a majority
vote quorum of the board of trustees consisting of trustees not parties to the
proceeding), special legal counsel appointed by the board of trustees or such
committee of the board of trustees, or by the shareholders, so long as it is
not established that the act or omission of such person was material to the
matter giving rise to the proceedings and was committed in bad faith, was the
result of active and deliberate dishonesty, involved such person receiving an
improper personal benefit in money, property or services, or, in the case of
criminal proceedings, such person had reason to believe that his or her act or
omission was unlawful. Our officers and trustees are also indemnified pursuant
to the Agreement of Limited Partnership of Capital Automotive, L.P. and their
respective employment agreements, which agreements are filed as exhibits hereto
or incorporated by reference herein. In addition, we have purchased an
insurance policy which purports to insure our officers and trustees against
certain liabilities incurred by them in the discharge of their functions as
such officers and trustees, except for liabilities resulting from their own
malfeasance.
</FONT>
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<P><FONT size="2"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P><FONT size="2"><B>Item&nbsp;8. Exhibits.</B>
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>No.</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Amended and Restated Declaration of Trust
of Capital Automotive REIT (previously
filed as Exhibit&nbsp;3.1 to Registration
Statement on Form&nbsp;S-11 filed with the SEC
on November&nbsp;26, 1997, as subsequently
amended (File No.&nbsp;333-41183) (the &#147;IPO
Form&nbsp;S-11&#148;) and incorporated herein by
reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws of Capital
Automotive REIT, as amended (previously
filed as Exhibit&nbsp;3.2 to Annual Report on
Form&nbsp;10-K for the year ended December&nbsp;31,
1999 filed on March&nbsp;21, 2000 (File No.
000-23733) and incorporated herein by
reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Specimen Common Share certificate
(previously filed as Exhibit&nbsp;4.1 to the
IPO Form&nbsp;S-11 and incorporated herein by
reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Form of Underwriting Warrant issued to
Friedman, Billings, Ramsey &#038; Co., Inc.
(previously filed as Exhibit&nbsp;10.22 to the
IPO Form&nbsp;S-11 and incorporated herein by
reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Second Amended and Restated Partnership
Agreement of Capital Automotive L.P.
(previously filed as Exhibit&nbsp;4.5 to
Registration Statement on Form&nbsp;S-3 filed
on March&nbsp;2, 1999 (File No.&nbsp;333-73183) and
incorporated herein by reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.6</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
First Amendment to Second Amended and
Restated Partnership Agreement of Capital
Automotive L.P. (previously filed as
Exhibit&nbsp;4.01 to Current Report on Form
8-K filed on August&nbsp;3, 2001 (File No.
000-23733) and incorporated herein by
reference)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Shaw Pittman LLP regarding the validity of the Securities being registered
(filed herewith)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP (filed herewith)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Shaw Pittman LLP (included in their opinion filed as Exhibit&nbsp;5.1 hereto)</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">25</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (included on signature page)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P><FONT size="2"><B>Item&nbsp;9. Undertakings.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp; The Registrant hereby undertakes:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="6%"></TD>
        <TD width="94%"></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereto) which, individually or the aggregate,
represents a fundamental change in the information set forth in the
registration statement.</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statements;</FONT></TD>
</TR>

</TABLE>
<P><FONT size="2">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form&nbsp;S-3, Form&nbsp;S-8 or <br>Form F-3, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in the periodic reports filed by the Registrant
pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act that are
incorporated by reference in the registration statement.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial <I>bona
fide </I>offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; To remove from registration by means of a post-effective amendment any
securities which remain unsold at the termination of the offering.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp; Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant&#146;s annual
report filed pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan&#146;s annual report pursuant to
Section&nbsp;15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to trustees, officers, and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the SEC such in-
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P><FONT size="2">demnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a trustee, officer, or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such trustee, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Commonwealth of Virginia, on this 16th
day of December, 2002.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2" valign="top"><FONT size="2">CAPITAL AUTOMOTIVE REIT,<BR>
a Maryland real estate investment trust<BR>
(Registrant)</FONT></TD>

<TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
<TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign="top"><FONT size="2">By:</FONT></TD>
    <TD valign="top"><FONT size="2">/s/ Thomas D. Eckert<BR>
</FONT><HR size="1" noshade><FONT size="2">
Thomas D. Eckert<BR>
President and Chief Executive Officer</FONT></TD>

<TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below hereby constitutes and appoints
each of Thomas D. Eckert and David S. Kay as his attorney-in-fact and agent,
with full power of substitution and resubstitution for him in any and all
capacities, to sign any or all amendments or post-effective amendments to this
Registration Statement, or any Registration Statement for the same offering
that is to be effective upon filing pursuant to Rule&nbsp;462(b) under the
Securities Act of 1933, and to file the same, with exhibits thereto and other
documents in connection therewith or in connection with the registration of the
securities under the Securities Act of 1934, as amended, with the Securities
and Exchange Commission, granting unto such attorney-in-fact and agent full
power and authority to do and perform each and every act and thing requisite
and necessary in connection with such matters and hereby ratifying and
confirming all that such attorney-in-fact and agent or his substitutes may do
or cause to be done by virtue hereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities indicated.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>SIGNATURE</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>TITLE</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>DATE</B></FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Thomas D. Eckert<BR>
</FONT><HR size="1" noshade><FONT size="2">
Thomas D. Eckert</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
President and Chief Executive<BR>
Officer and Trustee (principal<BR>
executive officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ David S. Kay<BR>
</FONT><HR size="1" noshade><FONT size="2">
David S. Kay</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Senior Vice President and<BR>
Chief Financial Officer<BR>
(principal financial and<BR>
accounting officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ John E. Anderson<BR>
</FONT><HR size="1" noshade><FONT size="2">
John E. Anderson</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Craig L. Fuller<BR>
</FONT><HR size="1" noshade><FONT size="2">
Craig L. Fuller</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ William E. Hoglund<BR>
</FONT><HR size="1" noshade><FONT size="2">
William E. Hoglund</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ R. Michael McCullough<BR>
</FONT><HR size="1" noshade><FONT size="2">
R. Michael McCullough</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Lee P. Munder<BR>
</FONT><HR size="1" noshade><FONT size="2">
Lee P. Munder</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ John J. Pohanka<BR>
</FONT><HR size="1" noshade><FONT size="2">
John J. Pohanka</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Robert M. Rosenthal<BR>
</FONT><HR size="1" noshade><FONT size="2">
Robert M. Rosenthal</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Vincent A. Sheehy<BR>
</FONT><HR size="1" noshade><FONT size="2">
Vincent A. Sheehy</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Trustee
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">December 16, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">&nbsp;</FONT>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "CAPITAL AUTOMOTIVE REIT", "cik": "0001049316", "assigned-sic": "6798", "irs-number": "541870224", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101882", "film-number": "02859070"}, "business-address": {"street1": "8270 GREENSBORO DR STE 950", "city": "MCLEAN", "state": "VA", "zip": "22102", "phone": "7032883075"}, "mail-address": {"street1": "8270 GREENSOBORO DR STE 950", "city": "MCLEAN", "state": "VA", "zip": "22102"}}
sv8
File No. ________
As filed with the Securities and Exchange Commission on December 16, 2002.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
CAPITAL AUTOMOTIVE REIT
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction
of Incorporation or Organization)
54-1870224
(I.R.S. Employer
Identification No.)
8270 Greensboro Drive, Suite 950, McLean, Virginia 22102
(Address of Principal Executive Offices)
CAPITAL AUTOMOTIVE GROUP
SECOND AMENDED AND RESTATED 1998 EQUITY INCENTIVE PLAN
( Full Title of the Plan)
Thomas D. Eckert
President and Chief Executive Officer
Capital Automotive REIT
8270 Greensboro Drive, Suite 950
McLean, Virginia 22102
(Name and Address of Agent for Service)
(703) 288-3075
(Telephone Number, Including Area Code, of Agent for Service)
Copies to:
Sylvia M. Mahaffey, Esq.
Shaw Pittman LLP
2300 N Street, N.W.
Washington, D.C. 20037
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of Securities
Amount to be
Offering Price
Aggregate Offering
Amount of
to be Registered
Registered (1)(3)
Per Share (2)
Price (2)
Registration Fee(3)
Common Stock, $.01
par value per share
1,300,000 shares
$
24.69
$
32,097,000
$
2,952.92
(1) Also registered hereunder are such additional number of Common Shares
of Beneficial Interest ("Common Shares"), presently indeterminable, as may be
necessary to satisfy the antidilution provisions of the Plan to which this
Registration Statement relates.
(2) Estimated solely for the purpose of computing the registration fee in
accordance with Rule 457(c), based on the average of the high and low sales
price on December 11, 2002, as reported by the Nasdaq National Market.
(3) 3,771,344 of the Registrant's Common Shares have previously been
registered with the Securities and Exchange Commission pursuant to an effective
Registration Statement on Form S-8 (No. 333-78215). The amount of the
registration fee, therefore, relates to only those additional 1,300,000 Common
Shares being registered pursuant hereto.
INTRODUCTORY STATEMENT NOT FORMING PART OF PROSPECTUS
This registration statement relates to the registration of additional
shares of the same class as other securities for which a registration statement
filed on this form relating to the Capital Automotive Group Amended 1998 Equity
Incentive Plan is effective (No. 333-78215). The contents of registration
statement No. 333-78215 are hereby incorporated by reference.
NOTICE REGARDING CHANGE IN INDEPENDENT ACCOUNTANTS
On May 24, 2002, Capital Automotive REIT, a Maryland real estate
investment trust (the "Registrant" or the "Company") announced that it had
appointed Ernst & Young LLP to replace Arthur Andersen LLP as the Company's
independent accountants. Arthur Andersen LLP served as the Company's
independent accountants since its organization in October 1997 and audited the
Company's annual financial statements for each of its fiscal years ended
December 31, 1997 through December 31, 2001.
In order to effectuate the Company's ability to raise capital in the
future, Ernst & Young LLP, at the request of the Company, has re-audited the
Company's financial statements for the fiscal years ended December 31, 2001 and
2000. These financial statements, along with the Company's financial
statements for the fiscal year ended December 31, 1999 audited by Arthur
Andersen LLP, are contained in a Form 8-K filed with the Securities and
Exchange Commission (the "SEC") on December 16, 2002, referred to as the
Re-audit
Form 8-K. The Re-audit Form 8-K is incorporated by reference in this
registration statement, and you should review the financial statements included
in the Re-audit Form 8-K for financial information about the Company for its
fiscal years ended December 31, 2001, 2000 and 1999.
In addition, pursuant to the Securities Act of 1933, as amended (the
"Securities Act") and the rules promulgated thereunder, the Company is required
to, and has incorporated into this registration statement on Form S-8 its Form
10-K for the year ended December 31, 2001, referred to as its 2001 Form 10-K.
Although the 2001 Form 10-K contains the Company's financial statements for
each of its fiscal years ended December 31, 2001, 2000 and 1999, all of which
were audited by Arthur Andersen LLP, you should rely on the Re-audit Form 8-K
for these financial statements.
NOTICE REGARDING ARTHUR ANDERSEN LLP
Section 11(a) of the Securities Act provides that if any part of a
registration statement at the time it becomes effective contains an untrue
statement of a material fact or an omission to state a material fact required
to be stated therein or necessary to make the statements therein not
misleading, any person acquiring a security pursuant to the registration
statement (unless it is proved that at the time of the acquisition the person
knew of the untruth or omission) may sue, among others, every accountant who
has consented to be named as having prepared or certified any part of the
registration statement or as having prepared or certified any report or
valuation which is used in connection with the registration statement with
respect to the statement in the
registration statement, report or valuation which purports to have been
prepared or certified by the accountant.
Prior to the date of the filing of this registration statement with the
SEC, the Arthur Andersen LLP partners who reviewed the Company's audited
financial statements contained in the 2001 Form 10-K and the Re-audit Form 8-K
resigned from Arthur Andersen LLP and Arthur Andersen LLP was convicted for
obstruction of justice and elected to cease practicing before the SEC in August
2002. As a result, after reasonable efforts, the Company has been unable to
obtain Arthur Andersen LLP's written consent to the incorporation by reference
into this registration statement of its audit reports with respect to the
Company's financial statements contained in the 2001 Form 10-K and the Re-audit
Form 8-K.
Under these circumstances, Rule 437a under the Securities Act permits the
Company to file this registration statement without a written consent from
Arthur Andersen LLP. Accordingly, Arthur Andersen LLP will not be liable to
persons acquiring the Company's common shares of beneficial interest registered
pursuant to this registration statement under Section 11(a) of the Securities
Act because it has not consented to being named as an expert in the
registration statement.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Note:
The document(s) containing the information required by Item 1 of
Form S-8 and the statement of availability of registrant information and any
other information required by Item 2 of Form S-8 will be sent or given to
participants as specified by Rule 428 under the Securities Act. In accordance
with Rule 428 and the requirements of Part I of Form S-8, such documents are
not being filed with the SEC either as part of this Registration Statement or
as prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act. The Registrant shall maintain a file of such documents in
accordance with the provisions of Rule 428. Upon request, the Registrant shall
furnish the SEC or its staff a copy or copies of all of the documents included
in such file.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which are on file with the SEC are incorporated
herein by reference and made a part hereof:
1)
The Company's Registration Statement on Form S-8 filed on May
11, 1999 (File No. 333-78215).
2)
The Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2001 (File No. 000-23733).
3)
The Company's Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002 (File No. 000-23733).
4)
The Company's Quarterly Report on Form 10-Q for the quarter
ended June 30, 2002 (File No. 000-23733).
5)
The Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 2002 (File No. 000-23733).
6)
The description of the Company's common shares of beneficial
interest contained in the Registration Statement on Form 8-A filed
with the SEC on February 5, 1998 (File No. 000-23733).
7)
The Company's Current Report on Form 8-K filed with the SEC
on December 16, 2002 (File No. 000-23733).
8)
The Company's Current Report on Form 8-K filed with the SEC
on May 24, 2002 (File No. 000-23733).
9)
The Company's Current Report on Form 8-K/A filed with the SEC
on January 22, 2002, amending Forms 8-K/A filed with the SEC on
January 19, 2001 and 2000 and a Form 8-K filed with SEC on February
26, 1999 (File No. 000-23733).
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Securities and Exchange Act of 1934, as
amended, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which de-registers all securities then
remaining unsold shall be deemed to be incorporated by reference herein and to
be a part hereof from the date of filing of such reports and documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification.
Our declaration of trust and bylaws authorize us to indemnify our present
and former trustees and officers and to pay or reimburse expenses for such
individuals in advance of the final disposition of a proceeding to the maximum
extent permitted from time to time under Maryland law. The Maryland General
Corporation Law, as applicable to Maryland real estate investment trusts,
currently provides that indemnification of a person who is a party, or
threatened to be made a party, to legal proceedings by reason of the fact that
such a person is or was a trustee, officer, employee or agent of a corporation,
or is or was serving as a trustee, officer, employee or agent of a corporation
or other firm at the request of a corporation, against judgments, fines,
penalties, amounts paid in settlement and reasonable expenses, is mandatory in
certain circumstances and permissive in others, subject to authorization by the
board of trustees, a committee of the board of trustees consisting of two or
more trustees not parties to the proceeding (if there does not exist a majority
vote quorum of the board of trustees consisting of trustees not parties to the
proceeding), special legal counsel appointed by the board of trustees or such
committee of the board of trustees, or by the shareholders, so long as it is
not established that the act or omission of such person was material to the
matter giving rise to the proceedings and was committed in bad faith, was the
result of active and deliberate dishonesty, involved such person receiving an
improper personal benefit in money, property or services, or, in the case of
criminal proceedings, such person had reason to believe that his or her act or
omission was unlawful. Our officers and trustees are also indemnified pursuant
to the Agreement of Limited Partnership of Capital Automotive, L.P. and their
respective employment agreements, which agreements are filed as exhibits hereto
or incorporated by reference herein. In addition, we have purchased an
insurance policy which purports to insure our officers and trustees against
certain liabilities incurred by them in the discharge of their functions as
such officers and trustees, except for liabilities resulting from their own
malfeasance.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
No.
Description
4.1
Amended and Restated Declaration of Trust
of Capital Automotive REIT (previously
filed as Exhibit 3.1 to Registration
Statement on Form S-11 filed with the SEC
on November 26, 1997, as subsequently
amended (File No. 333-41183) (the "IPO
Form S-11") and incorporated herein by
reference)
4.2
Amended and Restated Bylaws of Capital
Automotive REIT, as amended (previously
filed as Exhibit 3.2 to Annual Report on
Form 10-K for the year ended December 31,
1999 filed on March 21, 2000 (File No.
000-23733) and incorporated herein by
reference)
4.3
Specimen Common Share certificate
(previously filed as Exhibit 4.1 to the
IPO Form S-11 and incorporated herein by
reference)
4.4
Form of Underwriting Warrant issued to
Friedman, Billings, Ramsey & Co., Inc.
(previously filed as Exhibit 10.22 to the
IPO Form S-11 and incorporated herein by
reference)
4.5
Second Amended and Restated Partnership
Agreement of Capital Automotive L.P.
(previously filed as Exhibit 4.5 to
Registration Statement on Form S-3 filed
on March 2, 1999 (File No. 333-73183) and
incorporated herein by reference)
4.6
First Amendment to Second Amended and
Restated Partnership Agreement of Capital
Automotive L.P. (previously filed as
Exhibit 4.01 to Current Report on Form
8-K filed on August 3, 2001 (File No.
000-23733) and incorporated herein by
reference)
5.1
Opinion of Shaw Pittman LLP regarding the validity of the Securities being registered
(filed herewith)
23.1
Consent of Ernst & Young LLP (filed herewith)
23.2
Consent of Shaw Pittman LLP (included in their opinion filed as Exhibit 5.1 hereto)
25
Power of Attorney (included on signature page)
Item 9. Undertakings.
(a)  The Registrant hereby undertakes:
(1)  To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereto) which, individually or the aggregate,
represents a fundamental change in the information set forth in the
registration statement.
(iii) To include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statements;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3, Form S-8 or
Form F-3, and the
information required to be included in a post-effective amendment by those
paragraphs is contained in the periodic reports filed by the Registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.
(2)  That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(3)  To remove from registration by means of a post-effective amendment any
securities which remain unsold at the termination of the offering.
(b)  Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual
report filed pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to trustees, officers, and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the SEC such in-
demnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a trustee, officer, or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such trustee, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Commonwealth of Virginia, on this 16th
day of December, 2002.
CAPITAL AUTOMOTIVE REIT,
a Maryland real estate investment trust
(Registrant)
By:
/s/ Thomas D. Eckert
Thomas D. Eckert
President and Chief Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints
each of Thomas D. Eckert and David S. Kay as his attorney-in-fact and agent,
with full power of substitution and resubstitution for him in any and all
capacities, to sign any or all amendments or post-effective amendments to this
Registration Statement, or any Registration Statement for the same offering
that is to be effective upon filing pursuant to Rule 462(b) under the
Securities Act of 1933, and to file the same, with exhibits thereto and other
documents in connection therewith or in connection with the registration of the
securities under the Securities Act of 1934, as amended, with the Securities
and Exchange Commission, granting unto such attorney-in-fact and agent full
power and authority to do and perform each and every act and thing requisite
and necessary in connection with such matters and hereby ratifying and
confirming all that such attorney-in-fact and agent or his substitutes may do
or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed below by the following persons in
the capacities indicated.
SIGNATURE
TITLE
DATE
/s/ Thomas D. Eckert
Thomas D. Eckert
President and Chief Executive
Officer and Trustee (principal
executive officer)
December 16, 2002
/s/ David S. Kay
David S. Kay
Senior Vice President and
Chief Financial Officer
(principal financial and
accounting officer)
December 16, 2002
/s/ John E. Anderson
John E. Anderson
Trustee
December 16, 2002
/s/ Craig L. Fuller
Craig L. Fuller
Trustee
December 16, 2002
/s/ William E. Hoglund
William E. Hoglund
Trustee
December 16, 2002
/s/ R. Michael McCullough
R. Michael McCullough
Trustee
December 16, 2002
/s/ Lee P. Munder
Lee P. Munder
Trustee
December 16, 2002
/s/ John J. Pohanka
John J. Pohanka
Trustee
December 16, 2002
/s/ Robert M. Rosenthal
Robert M. Rosenthal
Trustee
December 16, 2002
/s/ Vincent A. Sheehy
Vincent A. Sheehy
Trustee
December 16, 2002