Next Realty implements web-based T2 PARCS solution in downtown Philadelphia

Next Realty, a successful real estate investment company focused on the acquisition of shopping centers, parking structures and single tenant commercial properties, chose the T2 Flex PARCS solution to help manage parking near the Kimmel Center for the Performing Arts, located in Philadelphia, PA, which is operated by Central Parking.

The system was implemented by T2 and Forturion in September and serves as a validation system for events taking place in and around the Kimmel Center. Interfacing with Ticket Philadelphia, which sells parking permits for events at the center, T2 Flex records the sale of permits and automatically makes them active for the specified event.

Michael Nichols, Vice President, Parking Development for Next Realty, explains that Next chose T2 Flex for several reasons, one being the fact that its a web-based solution. The advantages of implementing a web based application were so obvious to us. Working with Central Parking, our local operator, we can see how many parkers are using our facilities and we dont have to be onsite to get the information we need, Nichols said. In addition, the reporting capabilities of the system, especially from a financial perspective, offer great benefit to us.

Michael Simmons, co-founder and president of T2 Systems, is excited about the new partnership with Next Realty. Working with a real estate investment company is new for us and were excited about the possibilities this brings to both T2 Systems and Next Realty, he said. Were proud of how our solutions are performing and we look forward to expanding this project and working together on new projects in the future.

Both T2 Systems and Next Realty are excited about the next phase of this project which includes the development of an online parking permit sales solution that integrates with recurring credit card billing.

About T2 Flex

A first in the industry, T2 Flex is a single solution that enables parking operations to manage enforcement, permits, events, as well as access and revenue control. This single system coordinates all aspects of the parking office, providing centralized control, management, reporting and operation of all sub-systems from one portal. It streamlines operational tasks, including accounts receivable, residential and other permits, access cards, citations, towing and monthly contract parking.

T2 Flex is a thin-client solution in which all software and data residing on servers can be securely accessed from any PC with a browser. T2 Flex minimizes duplicate work between various systems and allows parking operations to easily share data with other systems and departments within an organization and with outside vendors.

About Next Realty, LLC

Next Realty LLC, with offices in Northbrook and McLean, VA., creates and retains wealth through commercial real estate, including acquiring and developing shopping centers, parking structures, and retail land. Next Realty Principals own and manage a portfolio valued in excess of $375 million throughout 9 states and the District of Columbia.

About Forturion

Forturion, LLC is an organization that has developed unique open protocols, and chosen products which deliver a higher level of value than historically available to parking consumers, bringing to its customers the most advanced parking technology. Forturion designs, installs and supports parking, access control and security products through a growing network of operating companies, branches and partners.

About T2 Systems

Since 1994, T2 Systems has delivered proven parking solutions that meet the everchanging needs of the parking industry. This commitment is evident in T2s quality products and services, thought leadership and strong customer relationships. With its broad range of technology-based solutions, T2 Systems is trusted by more than 300 organizations in the US and Canada including universities, cities, towns, hospitals and airports. T2 Systems is headquartered in Indianapolis, Indiana and has virtual offices throughout the United States and Canada.