TRANSITIONAGREEMENT

Exhibit 10.2

[EXECUTION COPY]

TRANSITION AGREEMENT

This Transition Agreement (“Agreement”) entered into by and between Craig Bernfield (“Employee”) and Aviv REIT, Inc. (“Aviv REIT”), a Maryland corporation, is effective as of October 31, 2014.

Recitals

A. Omega Healthcare Investors, Inc., a Maryland corporation, (“Omega”), and Aviv REIT, have entered into a merger agreement whereby Aviv REIT will merge with a wholly-owned subsidiary of Omega (the “Merger”).

B. Employee presently is employed by Aviv REIT’s subsidiary, Aviv Asset Management, L.L.C. (the “Company”) .

C. Certain operations of Aviv REIT, Omega and their respective affiliates will be consolidated and, consequently, Employee’s position will be eliminated on the Scheduled Separation Date (as defined below). Aviv REIT desires to assist Employee in his or her transition to new employment.

Agreement

1. Closing Contingency. This Agreement shall not become effective until the closing of the Merger (“Closing”), and Employee shall not be entitled to any of the benefits in this Agreement until the Scheduled Separation Date as defined below. At any time prior to the Closing, Aviv REIT reserves the right, at its sole discretion, to amend or terminate this Agreement.

2. Retention Bonus, Severance Payment and Treatment of Equity. Subject to the terms and conditions of this Agreement (including Employee’s timely execution and non-revocation of a Release as required in this Agreement) and provided Employee remains employed with Omega or an Omega subsidiary in good standing as determined in the sole discretion of Omega through the Scheduled Separation Date, and Omega or an Omega subsidiary has not terminated Employee’s employment for Cause (as defined herein), Employee shall be eligible to receive the benefits set forth in this Section 2. For purposes of this Agreement, the “Scheduled Separation Date” shall mean the last day of the fifth month following the calendar month in which the Closing occurs or such earlier date after the Closing as determined by Omega in its sole discretion and communicated to Employee in writing, as of which date in either case Omega or an Omega subsidiary terminates Employee’s employment.

3. General Release. Employee’s right to the Separation Benefits shall be contingent upon (i) Employee having executed and delivered to Omega a general release substantially in the form attached hereto as Exhibit A (“Release”) not later than the date set forth in the Release (provided that such date shall be no later than 45 days following Employee’s termination of employment), (ii) Employee not revoking such release in accordance with the terms of the release and (iii) Employee not violating any of the on-going obligations under this Agreement.

4. Consideration. Employee acknowledges that neither Aviv REIT nor Omega nor any of their respective affiliates are obligated to provide Employee with the Separation Benefits absent Employee’s entering into this Agreement. In partial consideration of the Separation Benefits, Employee agrees to the following:

The Company’s and Omega’s or an Omega subsidiary’s employment of Employee has resulted and will result in the Employee’s exposure and access to confidential and proprietary information, including without limitation Aviv REIT’s and Omega’s and their affiliates’ processes, administration and accounting systems, computer software, customer lists, vendor lists, lists, files and other information regarding existing, past, proposed or prospective tenants or other business partners, due diligence and other acquisition and investment information, financial information, projections and analysis models, technology, business strategies, business track record and personal information about Aviv REIT’s and Omega’s and their affiliates’ owners, directors, officers and employees which the Employee did not have access to prior to his or her employment with Aviv REIT or Omega or an Omega subsidiary and which information is of great value to Aviv REIT and Omega, their affiliates, owners, directors, officers and employees. Employee shall not make available, divulge, disclose or communicate in any manner whatsoever to anyone including, but not limited to, any person, firm, corporation,

2

investor, member of the media or entity any such confidential or proprietary information, or use any such confidential or proprietary information, unless authorized to do so in writing by the Chief Executive Officer of Omega, required by law or court order, or such information has become publicly available other than by reason of a breach by Employee of this Section 4 or of another individual’s or entity’s violation of an obligation not to disclose such information, which obligation is known to Employee. Should Employee be required by law or court order to disclose such confidential or proprietary information, Employee shall give the Chief Executive Officer of Omega reasonable notice so as to allow Aviv REIT and Omega sufficient opportunity to challenge such application of the law or court order, or to otherwise attempt to limit the scope of such disclosure. This Agreement applies to all confidential and proprietary information of Aviv REIT and Omega, regardless of when such information is or was disclosed to Employee.

5. Withholding. Any payments made under this Agreement shall be reduced by any applicable withholding taxes or other amounts required to be withheld by law or contract.

6. At-Will Status. Nothing in this Agreement shall alter or affect the at-will nature of Employee’s employment with the Company or Omega or an Omega subsidiary. Either Employee or the Company or Omega or an Omega subsidiary may terminate the employment relationship at any time without prior notice, warning or cause.

7. Successors.

3

8. Cause Definition. “Cause” means the occurrence of any of the following events: (i) refusal or failure by Employee to follow a lawful direction of the Chief Executive Officer of Omega or other employee of Omega or an Omega subsidiary who is Employee’s supervisor or failure to perform any material duties of employment, in each case as reasonably determined by Omega and after written notice of such failure is provided to Employee (excluding any failure, other than repeated failures, which is remedied by Employee within ten days after written notice of such failure); (ii) willful misconduct or willful disregard by Employee of his duties or with respect to the interest or material property of Omega or an Omega subsidiary; (iii) disclosure by Employee to an unauthorized person of confidential or proprietary information of Aviv REIT or Omega or any of their affiliates; (iv) any act by Employee of fraud against, misappropriation from, or significant dishonesty to either Aviv REIT or Omega or an affiliate of either; (v) commission by Employee of a felony or a misdemeanor involving moral turpitude, in either case as reasonably determined by Omega; or (vi) a material breach of this Agreement by Employee, provided that the nature of such breach shall be set forth with reasonable particularity in a written notice to the Employee and Employee shall not have cured such breach within ten days after written notice of such breach, provided that such breach is, in the reasonable opinion of Omega, susceptible to a cure.

9. Governing Law. This Agreement shall be subject to and governed by the laws of the State of Illinois without regard to any choice of law or conflicts of law rules or provisions (whether of the State of Illinois or any other jurisdiction), irrespective of the fact that Employee may be a resident of a different state. The parties agree that any appropriate state or federal court located in Chicago, Illinois shall have jurisdiction of any case or controversy arising under or in connection with this Agreement and shall be a proper forum in which to adjudicate such case or controversy. The parties consent to the jurisdiction of such courts.

10. Section 409A. The payments to Employee pursuant to this Agreement are intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), to the maximum extent possible, under either the separation pay exemption pursuant to Treasury Regulations §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury Regulations §1.409A-1(b)(4), and for purposes of the separation pay exemption, each installment paid to Employee under this Agreement shall be considered a separate payment. References to termination of employment and similar terms hereunder shall mean a termination of employment that qualifies as a “separation from service” within the meaning of Code Section 409A and the regulations thereunder.

11. Modifications. Except as set forth in Section 1 of this Agreement, no change, modification or amendment of any provision of this Agreement shall be valid unless made in writing and signed by all of the parties hereto.

12. Severability. If any portion of this Agreement shall be for any reason, invalid or unenforceable, the remaining portion or portions shall nevertheless be valid, enforceable and carried into effect.

13. Counterparts. This Agreement may be executed in one or more counterparts, all of which, taken together, shall constitute one and the same agreement.

4

5

Exhibit A

RELEASE AGREEMENT

This Agreement (this “Agreement”) is made this     day of             , 201  , by OMEGA HEALTHCARE INVESTORS, INC. (the “Employer”) and                             (the “Employee”).

Introduction

Employee and the Employer are parties to a Transition Agreement dated             , 2014 (the “Severance Agreement”).

The Severance Agreement requires that as a condition to the Employer’s obligation to pay payments and benefits under Section 2 of the Severance Agreement (the “Separation Benefits”), Employee must provide a release and agree to certain other conditions as provided herein.

NOW, THEREFORE, the parties agree as follows:

[For Employee age 40 and over: Employee has been offered [twenty-one (21) days] [forty-five (45) days [if group termination]] from receipt of this Agreement within which to consider this Agreement before signing it. The effective date of this Agreement shall be the date eight (8) days after the date on which Employee signs this Agreement (“the Effective Date”). For a period of seven (7) days following Employee’s execution of this Agreement, Employee may revoke this Agreement in writing to [FILL IN NAME/CONTACT INFO], and this Agreement shall not become effective or enforceable until such seven (7) day period has expired without revocation of the Agreement by Employee. Employee understands that he or she may sign the Agreement at any time before the expiration of the [twenty-one (21) day] [forty-five (45) day] review period. To the degree Employee chooses not to wait [twenty-one (21) days] [forty-five (45) days] to execute this Agreement, it is because Employee freely and unilaterally chooses to execute this Agreement before that time. Employee’s signing of the Agreement triggers the commencement of the seven (7) day revocation period.]

A-1

The release given by Employee in this Agreement is solely in exchange for the consideration set forth in Section 2 of this Agreement and such consideration is in addition to anything of value that Employee was entitled to receive prior to entering into this Agreement.

Employee has been advised to consult an attorney prior to entering into this Agreement [For Employee age 40 or over or group termination of Employees age 40 and over: and this provision of the Agreement satisfies the requirement of the Older Workers Benefit Protection Act that Employee be so advised in writing].

[For under age 40: Employee has been offered an ample opportunity from receipt of this Agreement within which to consider this Agreement.]

By entering into this Agreement, Employee does not waive any rights or claims that may arise after the date this Agreement is executed.

Employee acknowledges that Employee has fully read this Agreement, understands the contents of this Agreement, and agrees to its terms and conditions, including the releases and waivers of claims, knowingly and voluntarily.

A-2

A-3

Employee’s signature below indicates Employee’s understanding and agreement with all of the terms in this Agreement.

Employee should take this Agreement home and carefully consider all of its provisions before signing it. [For Employee age 40 or over or group termination of Employees age 40 and over: Employee may take up to [twenty-one (21) days] [forty-five (45) days [if group termination]] to

A-4

decide whether Employee wants to accept and sign this Agreement before signing it. Also, if Employee signs this Agreement, Employee will then have an additional seven (7) days in which to revoke Employee’s acceptance of this Agreement after Employee has signed it in accordance with the provisions set forth above. This Agreement will not be effective or enforceable, nor will any consideration be paid, until after the seven (7) day revocation period has expired without revocation by Employee.] Again, Employee is encouraged to discuss the contents and advisability of signing this Agreement with an attorney of Employee’s choosing.

EMPLOYEE SHOULD READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS THROUGH THE EFFECTIVE DATE. EMPLOYEE IS STRONGLY ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING THIS DOCUMENT.

IN WITNESS WHEREOF, Employee and the Employer have executed this Agreement effective as of the date first written above.

A-5

ATTACHMENT I

[Insert descriptive name of decisional unit from the Agreement]

Employees Comprising the “Decisional Unit”

A-6