Carter-Haston Real Estate Services, Inc. purchased the 280-unit multifamily building at 1101 Exchange Place in Durham, NC, for $31.6 million, or about $113,000 per unit. The complex, formerly 1520 Magnolia, is now known as Legacy at Meridian. The seller in the May 23 transaction was Estates at Meridian, LLC. The complex constructed in 2001 was 98% occupied at the time of the sale. Marc Robinson and Jordan McCarley of Multi Housing Advisors, LLC (MHA) represented the seller, Estates, Inc., for this transaction. Please see CoStar COMPS #2768741 for more information on the transaction.