About

PRINCIPALS


Stuart Heath

Real Estate Brokerage/Real Estate and Business Law

Stuart has more than 20 years of experience as a real estate broker and 25 years of experience as a real estate and business attorney. He has been appointed by federal and state courts to oversee reorganizations and liquidations, including a $93M portfolio containing more than 375 mortgage-backed loans and properties. His experience as a receiver includes multi-family complexes, office buildings, motels, retail stores, auto repair facilities, restaurants, working farms, condominium complexes, single-family residences, recreational land, and vacant land. As both a real estate broker and an attorney, he has been involved in all facets of real estate transactions for owners, buyers, sellers and creditors. Stuart’s work has ranged from large-scale international real estate development to single-family residences. He served on the Boards of Advisors for a development company and an affordable housing company. He also served as Chair of the Board of Directors and as Chief Executive Officer for several turn-around businesses and a large nonprofit organization. Stuart has a BA from Whitman College and a degree in law (Cum Laude) from Seattle University.

Bill Weisfield

Real Estate/Corporate Strategy and Work Outs

Bill has more than 40 years of experience setting strategic direction for real estate assets and operating companies, turning around troubled companies, and creating corporate work-out plans. He has led the development of commercial office buildings, condominiums, a marina, and floating homes. Bill has also directed strategy for shopping centers, raw land, a corporate industrial park, restaurants, and a publicly traded company with over 100 retail stores. He was responsible for the liquidation of an $85M portfolio containing more than 90 real estate partnerships and also for the sale of one of the largest amusement parks in the United States. He has served as President and CEO of multiple companies with revenues in excess of $100M and with 475 – 500 employees. A former Chair of the Federal Home Loan Bank of Seattle, he is also Chair of the Advisory Board for Harris Bank (a division of the Bank of Montreal) and is currently on the Downtown Seattle Association Board of Directors. Bill earned his undergraduate and law degrees at the University of Washington.

ASSOCIATES


Jade Attar

Operations

Jade brings extensive receivership and real estate experience to her role as Operations Manager. She has been an integral part of the Elliott Bay Asset Solutions team since she joined the company in 2012. Jade is a licensed real estate broker and oversees the security, stabilization, repairs, maintenance, and marketing of properties. For each property, she coordinates due diligence, insurance, taxes, property managers, vendors and transaction closing. She also oversees banking and bonds for the company and schedules and processes routine court reports and hearings. Jade holds a degree in Marketing Management from Bellevue College.

Britt Heath

Land Use Planning

Britt is an experienced land use planner with expertise in environmental issues, land development, and governmental processes including zoning, platting, critical areas, boundary issues, and growth management. She has experience working with all aspects of real estate development and governmental agencies, having previously worked as a Project Manager for a real estate developer and as a Director of Land Use Planning with a leading civil engineering firm. She provides land-use expertise on all Elliott Bay Asset Solutions real estate receiverships by reviewing and managing environmental concerns, zoning issues, conditional use permits, surveying matters, permitting status and feasibility analysis—thus ensuring that all issues are identified and that the real property is positioned to obtain maximum value. Britt holds a BA in Geography from the University of Washington.

Kim Davidson

Finance

Kim is an accomplished accounting professional who brings 20 years of experience as a full charge bookkeeper to Elliott Bay Asset Solutions. Her expertise includes preparing and closing financial statements, budgeting and forecasting, as well as job costing and audit support. She provides oversight of accounts receivable, accounts payable, budgets, and tax matters for all of Elliott Bay Asset Solutions receiverships. As a former small business owner, she also possesses a practical understanding of business operations. By integrating her experience, knowledge, and expertise, Kim is able to solve the complex accounting challenges often associated with receiverships. Kim earned her B.A. in Accounting from Western Washington University and she is also a designated QuickBooks Certified Pro Advisor and Certified Management Accountant.

CONSULTANTS


Sharon Neff

Construction, Property Management and Accounting

Sharon has 35 years of experience in real estate development, construction, property management and finance. She has managed thousands of multi-family residential units and many retail/commercial projects, including facilitation of successful work-out plans with 27 different lenders. Sharon is available to advise Elliott Bay Asset Solutions clients on management and financial control issues and she lends her expertise on property management. Previously, Sharon was the president of a large land and multi-family development company, owned a construction management company, and served as CFO for a private real estate investment company with more than 90 real estate partnerships. She studied business and accounting at Pacific Lutheran University.

Mike Hlastala

Development and Construction

Mike has 25 years of experience in real estate development and construction management. He has been responsible for building more than $400 million in project values and five million square feet of space. He has managed the Special Projects Division of a well-known developer, worked as a Senior Project Manager for a large multi-national company, and served as Chief Operating Officer for a privately held company. Mike is available to consult on development and construction projects. His projects have included residential townhomes, multi-family buildings, office buildings, hospitals, parking structures, credit unions and the Bremerton Harborside Convention Center. He is an expert in project financial analysis, leasing, entitlements, design, pre-construction, and construction. Mike has a BS in Building Construction and BA in Architecture from the University of Washington.