Transaction Consolidates 49 Properties Across 20 States into Wholly Owned Platform
MCLEAN, Va., September 15, 2026–(BUSINESS WIRE)–Capital Automotive L.P. (“Capital Automotive” or “CARS”), a portfolio company of Ares Alternative Credit and Real Estate funds (“Ares”), announced today the completion of its acquisition of its joint venture partner’s 90.01% interest in the MTI Portfolio. This portfolio consists of 49 automotive retail real estate assets, allowing Capital Automotive to restore its full ownership following the sale of the interest in 2020.
The MTI Portfolio includes approximately 2.3 million square feet of operationally essential triple net leased properties spread across 20 states, particularly concentrated in the Southeast, Midwest, and Mid-Atlantic regions. It features a diverse range of brands and tenants, including significant representation from luxury and import franchises. Capital Automotive has managed this portfolio throughout the joint venture, ensuring no disruption in operations for the tenants.
Roger Stattel, Chief Executive Officer of Capital Automotive, expressed, “We are pleased to bring these assets back under our full ownership, which allows us to completely oversee asset management, financing, and long-term strategy. Given that CARS has managed these properties throughout the joint venture, the transaction is seamless for our dealer partners.”
Latham & Watkins LLP served as legal counsel to Capital Automotive in this transaction.
About Capital Automotive
Capital Automotive, headquartered in McLean, Virginia, has provided customized sale-leaseback financing to the automotive industry since 1998. The company collaborates with dealer groups nationwide for acquisitions, constructions, and facility improvements, while enabling dealers to maintain control over their locations. For further details, visit www.capitalautomotive.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a global alternative investment manager providing diverse investment solutions across credit, real estate, private equity, and infrastructure. As of June 30, 2026, Ares managed over $671 billion in assets globally. For more information, visit www.ares.com.
View the full source version on Business Wire: Read more
Contacts
Media Contact: info@capitalautomotive.com
