About

PRINCIPALS

Stuart Heath

Real Estate Brokerage/Real Estate and Business Law

Stuart 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. He has more than 25 years of experience as a real estate broker and 25 years of experience as a real estate and business attorney. As a real estate broker and an attorney, Stuart 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.

Dave Rinning

Receiverships/Real Estate Brokerage

Dave provides real estate owners and lenders with timely, cost-effective solutions to non-performing and distressed real estate assets. His 10 years of experience as a state court-appointed receiver includes receiverships for condominium developments, multi-family complexes, resort properties, office buildings, shopping centers, industrial buildings, self-storage facilities, retail stores, restaurants, single-family residences, vacant land, and environmentally impacted properties. He has been appointed by the federal bankruptcy court to advise on reorganizations and liquidations, including a $600M portfolio containing more than 70 properties. Dave has more than 30 years of experience as a commercial real estate broker, in which he has been involved in all facets of real estate transactions for buyers, sellers, lenders, and creditors. Dave has acted as a referee in state court partition actions and has represented public agencies and NRDA habitat developers in the identification and acquisition of special use sites. Dave studied mechanical engineering at Mid-Essex Technical College.

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 has also been Chair of the Advisory Board for Harris Bank (a division of the Bank of Montreal) and Ben Franklin Savings and Loan. He is currently on the Downtown Seattle Association Board of Directors and on the boards of multiple privately held real estate constructions companies. 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.

Shyloe Neizman

Administration

Shyloe supports receivership projects and manages the firm’s administrative functions. She is skilled in interfacing between and coordinating the real estate, legal, and accounting disciplines necessary to ensure successful project delivery for the firm and is experienced in contract writing, administration, and processing for commercial construction and remodel projects. Shyloe earned a Bachelor of Science in Civil Engineering from Saint Martin’s University and a Master of Science in Construction Management from the University of Washington.

CONSULTANTS

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.