Macerich (MAC) recently announced a thorough Path-Forward plan, which is designed to simplify the business, enhance operational performance and decrease leverage. Additionally, the company plans to strategically consolidate selected joint venture assets that are core to the overall strategy.Specifically, Macerich aims to reduce the leverage of the capital structure to a range of low-to-mid 6x within the next three to four years. Over the same period, it expects to deliver a clean FFO/share launch point of a ...