George Strait and MCA Nashville will partner for another five albums, label head Mike Dungan announced Wednesday night (Aug. 28) at a private event in downtown Nashville.

"It seems like yesterday I signed with MCA," Strait said. "I was homeless, so to speak, back then as far as the music business goes, and MCA gave me a home. I'll always appreciate that. I still have a home, and I'm looking forward to a whole lot more."

Strait and his Ace in the Hole Band performed "Troubadour," "Amarillo by Morning," "The Chair" and his new single, "I Believe," at the conclusion of the event, which was attended by songwriters and business associates from throughout Strait's long career at MCA Nashville.

After a cocktail hour, the lights dimmed and radio personality Lon Helton spoke about Strait and cued some video montages from admirers such as Merle Haggard, Brad Paisley and Lee Ann Womack. Guests were also treated to a brief in-the-round performance by songwriters Dean Dillon, Jim Lauderdale, Tim James and Phil O'Donnell.

Upon leaving the Schermerhorn Symphony Center, guests were presented with copies of Strait's first album for MCA (1981's Strait Country) as well as his latest (2013's Love Is Everything).

In September 2012, Strait announced he is retiring from touring in 2014. He performed earlier this year on the Cowboy Rides Away tour, and his final tour dates are expected to be announced in the near future.

In November, Billboard will honor Strait with their Legend of Live Award at a gala event in New York City. Strait is the first-ever country artist to receive it.