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Capital Automotive Reacquires Full Ownership of MTI Automotive Retail Net Lease Portfolio

ARES
  • Capital Automotive L.P. ("CARS"), a portfolio company of Ares Alternative Credit and Real Estate funds, completed the acquisition of its joint venture partner's 90.01% interest in the MTI Portfolio.
  • The transaction consolidates 49 automotive retail real estate properties across 20 states into a wholly owned platform for CARS.
  • This acquisition restores CARS' full ownership of the MTI Portfolio following the sale of the interest in 2020, after Ares acquired Capital Automotive in 2022.
  • The MTI Portfolio comprises approximately 2.3 million square feet of triple net leased properties with primary concentrations in the Southeast, Midwest, & Mid-Atlantic regions.
  • The portfolio features diversification across brands & tenant groups, including significant representation from import & luxury franchises.
  • Day-to-day operations will remain unchanged as CARS managed the portfolio throughout the joint venture period.
  • Roger Stattel, CEO of Capital Automotive, stated the transaction allows for complete oversight of asset management, financing, & long-term strategy.
  • Latham & Watkins LLP served as legal counsel to Capital Automotive on the transaction.
  • Ares Management Corporation reported over $671 billion in assets under management as of June 30, 2026.