"Much of the money has a predatory angle to it," Jeff Price, principal of Dallas-based Apartment Group, said at the monthly meeting of the DFW Apartment and Investment Brokers. "There are a lot of institutional investors gathering money to buy. I think the predatory capital is going to buy notes."

The panel also included Heather Konopka with Sperry Van Ness, Tom Warren, a national partner for Hendricks & Partners, and Chris Paul of Dallas-based La Paul Partners. The most common advice they have for clients is to sit tight or as Price said: "defer sales until after the election and let the bail-out plan sink in a bit."

Warren said the region's fundamentals for the multifamily market are far better this time than during the other two downturns that he's experienced. "But, owners who don't have to sell aren't selling," he said. "They're sitting on the sidelines."