Real estate powerhouse Hines is halting new investments in Russia, adding to the growing list of Houston companies distancing from the country in the wake of its invasion of Ukraine.
Exterior of Texas Tower, a 47-story office building at 845 Texas Ave, the headquarters of Hines. The Houston developer said it will stop new investments in Russia.
About 1.8 percent of Hines' $160 billion in global assets under its management are based in Russia. The company has been in the country since 1992, shortly after the fall of the Soviet Union.
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