Capital Automotive L.P. (“Capital Automotive” or “CARS”), a portfolio company of Ares Alternative Credit and Real Estate funds (“Ares”), announced today that it has completed the acquisition of its joint venture partner’s 90.01% interest in the MTI Portfolio, a 49-asset portfolio of automotive retail real estate. The transaction restores CARS’ full ownership of the MTI Portfolio following the sale of the interest in 2020. Ares acquired Capital Automotive in 2022.

The MTI Portfolio comprises 49 operationally essential triple net leased automotive retail properties totaling approximately 2.3 million square feet across 20 states, with its largest concentrations in the Southeast, Midwest, and Mid-Atlantic. The portfolio is diversified across brands and tenant groups, with meaningful representation from import and luxury franchises. Capital Automotive managed the portfolio throughout the joint venture period, so tenants should expect no change in day-to-day operations.

“We are pleased to bring these assets back under our full ownership, which allows us to completely oversee the asset management, financing and long-term strategy for this leading portfolio,” said Roger Stattel, Chief Executive Officer of Capital Automotive. “Given CARS has managed these properties throughout the joint venture, the transaction is seamless for our dealer partners, and we look forward to continuing to strengthen these relationships.”

Latham & Watkins LLP served as legal counsel to Capital Automotive on the transaction.

About Capital Automotive

Headquartered in McLean, Virginia, Capital Automotive provides customized sale-leaseback financing to the automotive industry since 1998. The company partners with dealer groups nationwide to fund acquisitions, construction and facility improvements, as well as estate planning and partner buyouts, while enabling dealers to maintain long-term control of their locations. For more information, please visit www.capitalautomotive.com.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation’s global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

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