"Banks that might have previously had one or two non-performingloans now have 20 to 30," says James Weber, ACG's general counseland director of property management. "When lenders put a loan ontheir books, they don't expect it to not work out, so now they'reoverwhelmed and don't know where to look and aren't sure what theyshould do. We offer a unique focus on small to medium banks, andhave the ability to provide the whole continuum of services fornonperforming loans."

The new venture is being overseen by the principals of bothcompanies, offering loan and property work-outs, note or assetsales, foreclosure assistance, court-appointed receivershipservices and management and disposition of REO properties.

Weber says Sibley-ACG will provide its services to banks withina four-hour drive of the Chicago metropolitan area. Chicago-basedSibley brings experience in multifamily assets to the partnership,while Arlington Heights, IL-based ACG's background is in office,retail and industrial properties.