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DURHAM, N.C. — Multi Housing Advisors (MHA) has brokered the sake of 1520 Magnolia, a 280-unit apartment community located in Durham, for $31.6 million. Constructed in 2001 and located at 1101 Exchange Place, the Class A property features units with double crown molding, 9-foot ceilings, garden-style tubs, and built-in bookshelves and desks. Property amenities include a 24-hour fitness center, on-site laundry facilities, a pool with a sundeck, a 2-mile jogging trail and concierge services. Marc Robinson and Jordan McCarley of MHA’s Charlotte, N.C., office represented the seller, Columbia, S.C.-based Estates, Inc. Nashville, Tenn.-based Carter Haston is the buyer.