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Capital Automotive, LLC has been acquired for $3.8 billion by Ares Management Corporation

Ares Management Pays $3.8B to Acquire McLean-HQed Capital Automotive

McLean, VA-based Capital Automotive, LLC, (CARS) has been acquired for $3.8 billion by funds managed by Ares Management Corporation’s Alternative Credit Strategy and Real Estate Group. CARS was purchased from a Brookfield private real estate fund.

CARS is a self-managed real estate company that provides highly tailored, sale-leaseback capital to automotive dealers in the US and Canada to support them in acquiring new locations and upgrading facilities. The company owns a diversified portfolio of over 250 high-quality, operationally essential real estate assets that are structured as long-term triple net leases.

According to Ares, the transaction highlights the company’s increased focus on serving sponsors and companies in need of flexible net lease solutions. Including the recent investment in CARS, Ares’ funds have invested in over 1,200 assets totaling approximately $7.2 billion of gross asset value in the US and Europe over the last 15 months. This includes net lease investments spanning retail, industrial and office assets leased to tenants with varying credit profiles.

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Ares Management Corporation

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing
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