After Dow Jones reported that Ventas (VTR) is in talks to acquire all or part of Brookdale Senior Living (BKD), Stifel analyst Chad Vanacore says the report "could have merit," although "there are hurdles." The analyst says the deal "could make sense," since Veritas "is acquisitive." However, the analyst says that other REITs from whom Brookdale leases properties would have to agree to a deal, creating hurdles. He continues to believe that Brookdale's valuation is attractive and that it can benefit from a real estate value unlocking transaction. Vanacore keeps a Buy rating on the stock.