American Automotive Trust purchases and leases back real estate used by small, medium and large auto dealerships located throughout the United States. We purchase real estate from a wide range of sellers, including large, publicly-traded and smaller closely-held auto dealers. We are not limited by geography and can purchase real estate located anywhere in the United States. In general, we seek real estate used by dealerships operating in the largest or fastest growing metropolitan areas in the U.S. in terms of population, income, and/or wealth. We work with dealers with single sites and those operating multi-site, multi-franchised locations. We acquire real estate from dealers which sell domestic and imported luxury, family, economy and sport utility vehicles, and trucks and vans, including all vehicle brands and nameplates. We can purchase properties under construction, renovation or expansion. We seek to provide a favorable alternative to dealers compared to the option of selling both their operations and real estate to one buyer. Often a single buyer of operations and real estate does not provide full value for the real property. Among other advantages, we can help dealers optimize and diversify their business assets and help dealers plan for retirement and/or business succession. We offer the following potential benefits to dealers interested to sell their dealership real estate:   • Liquidity • Asset optimization and greater return on equity for the dealer’s remaining business assets • Diversification of land holdings • Retaining complete control of dealership operations • Equity upside in a growth business * • Tax efficient structure * • Dividends which can partially offset foregone rental income * * Will depend on transaction structure utilized