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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CAPITAL AUTOMOTIVE REIT
(Name of Issuer)
COMMON SHARES OF BENEFICIAL INTEREST
(Title of Class of Securities)
139733-10-9
(CUSIP Number)
Check the following box if a fee is being paid with this statement: [ ].
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- ------------------------------------------------------- ---------------------------------------
CUSIP NO. 139733-10-9 13G Page 2 of 9 Pages
- ------------------------------------------------------- ---------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Friedman, Billings, Ramsey Group, Inc.
- ---------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
- ---------- -------------------------------------------------------------------------------------------------------------------
- -------------------------- --------- -----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
3,069,909
SHARES
--------- -----------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY
--------- -----------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,069,909
--------- -----------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
- -------------------------- --------- -----------------------------------------------------------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,909
- ---------- -------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
- ---------- -------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 139733-10-9 13G Page 3 of 9 Pages
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- ---------- -------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Friedman, Billings, Ramsey Group, Inc. Voting Trust
- ---------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
- ---------- -------------------------------------------------------------------------------------------------------------------
- -------------------------- --------- -----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
3,069,909
SHARES
--------- -----------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY
--------- -----------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,069,909
--------- -----------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH -0-
- -------------------------- --------- -----------------------------------------------------------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,909
- ---------- -------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
- ---------- -------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ---------- -------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 139733-10-9 13G Page 4 of 9 Pages
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- ---------- -------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Eric F. Billings
- ---------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------------
- -------------------------- --------- -----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
--------- -----------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
3,069,909
OWNED BY
--------- -----------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--------- -----------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH 3,069,909
- -------------------------- --------- -----------------------------------------------------------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,909
- ---------- -------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
- ---------- -------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 139733-10-9 13G Page 5 of 9 Pages
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- ---------- -------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Emanuel J. Friedman
- ---------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------------
- -------------------------- --------- -----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
--------- -----------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
3,069,909
OWNED BY
--------- -----------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--------- -----------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH 3,069,909
- -------------------------- --------- -----------------------------------------------------------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,909
- ---------- -------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES*
- ---------- -------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
- ---------- -------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 139733-10-9 13G Page 6 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Russell Ramsey
- ---------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ---------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------- -------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------- -------------------------------------------------------------------------------------------------------------------
- -------------------------- --------- -----------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0-
SHARES
--------- -----------------------------------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
3,069,909
OWNED BY
--------- -----------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--------- -----------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON WITH 3,069,909
- -------------------------- --------- -----------------------------------------------------------------------------------------
- ---------- -------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,069,909
- ---------- -------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
- ---------- -------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- -------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
CAPITAL AUTOMOTIVE REIT
Item 1(b) Address of Issuer's Principal Executive Offices:
1925 North Lynn Street, Suite 306, Arlington, Virginia 22209
Item 2(a) Name of Persons Filing:
Friedman, Billings, Ramsey Group, Inc.
Item 2(b) Address of Principal Business Office or, if None, Residence:
1001 19th Street North, Arlington, Virginia 22209-1710
Item 2(c) Citizenship:
Virginia
Item 2(d) Title of Class of Securities:
Common Shares of Beneficial Interest
Item 2(e) CUSIP Number:
585165103
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
[ ] Broker or Dealer registered under Section 15 of the
Act [ ] Bank as defined in section 3(a)(6) of the Act [ ]
Insurance Company as defined in section 3(a)(19) of the
Act [ ] Investment Company registered under section 8 of
the Investment Company Act [ ] Investment Advisor
registered under section 203 of the Investment Advisers
Act [ ] Employee Benefit Plan, Pension fund which is
subject to the provisions of the
Employee Retirement Income Security Act of 1974 or
Endowment fund; see sec. 240.13d-1(b)(i)(ii)(F)
(Note: See Item 7)
[X] Parent Holding Company, in accordance with
sec.240.13d-1(b)(1)(ii)(G). (Note: See Item 7)
[ ] Group, in accordance with Sec.240.13d-1(b)(1)(ii)(H)
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Item 4 Ownership:
(a) Amount Beneficially Owned: 3,069,909
(b) Percent of Class: 13.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote - 3,069,909
------------------
shared power to vote or to direct the vote - 0
-------
sole power to dispose of or to direct the
disposition of - 3,069,909
shared power to dispose of or to direct the
disposition of - 0
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
FBR Asset Investment Corporation, a Virginia corporation,
managed by Friedman, Billings, Ramsey Investment Management,
Inc.
Item 7 Identification and Classification of the Subsidiaries Which Acquired the Security Being Reported on by
the Parent Holding Company:
Friedman, Billings, Ramsey Investment Management, Inc. 3(e)
Friedman, Billings, Ramsey & Co., Inc. 3(a)
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By Signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.
Dated: March 2, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Chairman and Chief Executive Officer
Dated: March 2, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
VOTING TRUST
By: /s/ Eric F. Billings
Eric F. Billings
Trustee
By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Trustee
By: /s/ W. Russell Ramsey
W. Russell Ramsey
Trustee
Dated: March 2, 1998 By: /s/ Eric F. Billings
Eric F. Billings
Dated: March 2, 1998 By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Dated: March 2, 1998 By: /s/ W. Russell Ramsey
W. Russell Ramsey
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EXHIBIT 1
JOINT FILING AGREEMENT AMONG FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.;
FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. VOTING TRUST;
ERIC F. BILLINGS; EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY
WHEREAS, in accordance with Rule 13d-1(f) under the Securities and
Exchange Act of 1934 (the "Act"), only one joint statement and any amendments
thereto need to be filed whenever one or more persons are required to file such
a statement or any amendments thereto pursuant to Section 13(d) of the Act with
respect to the same securities, provided that said persons agree in writing that
such statement or amendments thereto are filed on behalf to each of them:
NOW, THEREFORE, the parties hereto agree as follows:
FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.; FRIEDMAN, BILLINGS, RAMSEY GROUP,
INC. VOTING TRUST; ERIC F. BILLINGS; EMANUEL J. FRIEDMAN AND W. RUSSELL RAMSEY
hereby agree, in accordance with 13d-1(f) under the Act, to file a statement on
Schedule 13G relating to their ownership of Common Stock of the Issuer and do
hereby further agree that said statement shall be filed on behalf of each of
them.
Dated: March 2, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Chairman and Chief Executive Officer
Dated: March 2, 1998 FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
VOTING TRUST
By: /s/ Eric F. Billings
Eric F. Billings
Trustee
By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Trustee
By: /s/ W. Russell Ramsey
W. Russell Ramsey
Trustee
Dated: March 2, 1998 By: /s/ Eric F. Billings
Eric F. Billings
Dated: March 2, 1998 By: /s/ Emanuel J. Friedman
Emanuel J. Friedman
Dated: March 2, 1998 By: /s/ W. Russell Ramsey
W. Russell Ramsey
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