Does anyone have feedback on Phoenix American Hospitality and their fourth fund?

[Piyush Josh]

Hi,

I came across a high cash flow fund recently - Phoenix American Hospitality's REIT https://fourthoffering.phoenixamericanhospitality.com/.

They claim to distribute 12% cash return in addition to any capital appreciation after the exit (3-4 years from now). I was curious if anyone has experience of having invested in this fund or their previous fund offerings?

Thanks,
- Piyush