The JV agreement will fund planned sites at Cobham in Surrey, Sunningdale Park in Berkshire, Scarcroft in West Yorkshire and Stanbridge Earls in Hampshire.
These four villages will provide over 500 home units worth together around £400m.
Nick Sanderson, founder and Chief Executive, Audley Group, said: “We have extensive experience of both developing and operating retirement villages, working with multiple partners across the UK.
“This new JV structure allows us to execute our model in a way which is far less capital intensive, but still delivers the first-class product which the market demands.”