CAPITAL AUTOMOTIVE REIT
S-3, EX-23.2, 2000-07-31
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>   1

                                                                    EXHIBIT 23.2


                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


       As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement of our reports dated January 28,
2000 included in Capital Automotive REIT's Form 10-K for the year ended December
31, 1999 and to all references to our Firm included in this registration
statement.

/s/ ARTHUR ANDERSEN LLP
Vienna, Virginia
July 31, 2000




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